Buying a $1.6m Business for the Inventory Value

Okay, well, but it does sound like your orientation was to small business. So whatever, whatever the future had in store, it was probably going to be not corporate, but small business.

So you see, you go to this seminar. What so grabbed you about the concept of buying a business? Was it just the powers of persuasion by Kyle and Jake, or was it.

Oh, he's so great. Yeah, I think it was just ultimately when I. I had no clue initially that you could buy a business, I didn't even know that that existed. So I was just intrigued initially and I just thought, you can buy a business. I don't know if I'm qualified for this.

This is crazy. But I'm gonna check into it. And when they presented kind of what it takes to buy a business, I was like, none of this seems hard to me. None of this seems like I need to learn this.

I already understood all of this based on being in the family business for the last five years. You know, I knew how to read a profit and loss statement. I knew how to work through QuickBooks and really analyze the numbers and know what the numbers mean.

And obviously had management and operational experience and marketing and sales. So I had all the business experience experience. My, My struggle was if I'm.

I really wanted to be a business owner and I'm just like. But I don't really have Like a technician or an artist skill set to, like, go out there and provide to the marketplace. I just, I identify as a manager and I'm like, how do you start a business, like, with.

With those kinds of skill sets? So this was like the light bulb went off for me where I'm like, this is a good opportunity for someone like me who doesn't necessarily have, you know, that technician skill set for the marketplace. So it just made sense for me automatically.

And I was like, immediately I just knew, I can do this. Yeah. Yeah. No.

So you had thought that you had to be, you know, that most small businesses grew up around a technician doing the work, and then they build a crew and more around themselves, which, by the way, is the standard pattern. And if you don't have that as a particular skill to build a team around yourself, you know, selling that service, you thought you. There was nothing for you to do.

And then. And then along comes this opportunity and you realize that that ownership and management and growth of a business itself is a skill and in fact, one you were well suited to.