From SBA Loan to High 8-Figure Exit

So at the management meetings with the investment groups, I didn't really talk that much. I let them do all the talking. And because as a buyer, what more do you want to hear than the people that will be running it from them day to day?

If I'm doing all the talking, they have some hesitation on am I going to stay around and what's going happen to, you know, what kind of commitment are they going to get? Exactly. But when you're talking to these people that look like H Vac people, they felt, all the buyers felt really, really good about the business. I think they felt like, man, yeah, because I've heard there was one of the other…

I was like, listen, if, if and when I sell this, my goal is for at least two of them. I said, I want both of you guys to at least get a million dollars. That is my goal on this.

So they were like, they were, they were ready. Well, well, I love that too, Jerod, because it just goes to show that, that buying a business at the level of private, private equity for many tens of millions of dollars and bro. And, and we buyers, searchers, buying businesses, a lot of the, the philosophical approach and the risk management is the same. You, you don't want buyers too involved.

You know, they're asking the same questions that you were asking when you were just a self funded searcher with an SBA loan. You know, it's kind of interesting. Good stuff. Well, congratulations, Jerod.

I mean that must have just, I mean, I mean it's just, it's just an incredible outcome, an incredible amount of money. And you did it. You, you were what, when you finally sold, you were how old? 38. 38. 38 years old. I, we still have a little bit of ways to go here because I basically have two big topics I still want to get yon Jerod, which.

And one of those is what you're doing now. But before that, I just want to understand and for the audience's benefit here, when you become wealthy, truly wealthy, what that's like you're. You still got a good head on your shoulders.

It seems maybe you've been coached and seeming down to earth, but you seem down to earth to me. But that, you know, we'll, you know, in, in our world, we'll, we'll hear from people who make $10 million, $20 million, $30 million, but every additional, you know, notch up it. It's. You're in more rarefied air.

And, you know, this, you sold this thing for north of 60, 70, maybe more. There's not really that many people with that amount of money. So what's it like up there?

I don't feel like I have as much money as I have. You know. And I think my wife and I, we talk about it because we see folks just spend more and maybe it's just how we grew up, but spend more freely than we do. Like, we have some nice stuff and we have a couple of home.

Like we have, we have, like, if you were to really look, you'd be like, but for, for us, I, I just don't feel like I'm as wealthy as I am as, as paper would show. And I don't know why that is. And maybe it's because it's still only been a couple of years, but, you know, our, our total assets are now over nine, like over 100, like, which is everything we have.