Yeah.
Acquiring Minds
Rolling Up an Industry with 1.5x Multiples
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So that I guess, you know, a lot of people have told me like, hey, like, business ownership is not easy. There's a lot of fire and emergency that happened out of nowhere and you don't really plan for any of this. So that was a little bit of a setback for Q1 of 2026 for me.
So that was a little bit hard. But I try to see it as a learning experience. I learned how to deal with emergency and think about how to get contractors in to fix it and how to deal with customers so that I Don't lose them to other salon because people still need to get their nails done.
Yeah.
So yeah, it was hard, but I'm glad I'm doing this right now. I think it is still a learning experience. And for me personally, I believe that any kind of career, any kind of job has its own challenges.
This is just my own set of challenges because this is the path that I'm pursuing. So for now, I'm happy that I decided to do this and I plan on continuing, continue to doing this for a few more years. And that was also my plan at the beginning too.
Like I was gonna dedicate three to five years to do this right. If it does well, then we'll do five years. And if it doesn't, then, you know, like next year will be year three.
And then I can decide what to do with, with the two or three stores that I have at that point. For now, what the next plan is to really grow number two a little bit more, stabilize number one again because that's when. That's where the pipe bust happened with salon number one.
So it takes a little bit now of like what I say redo just to make sure that all the customer come back to us, making sure that my financial look right again to cover for this huge expense that I needed to spend to fix everything. And then probably another three or four months and I'll look at another one. So in. To be honest with you, my plan get delayed a little bit now because of this Thai bust…
Yeah. Yeah.
So did the plan detail a little bit. But I don't think it's not deterring me from doing what I plan on doing.
And overall the kind of business thesis that you can acquire these and grow, grow revenue and make professionalize them, make them much more efficient, makes them make them better user experiences. It sounds like all of that, all of is is playing out is intact. That just strictly from a business perspective, the plan is working.
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