Yeah, I mean it was a, it was a complete, you know, a creative thing. You took out a full page ad but your hope was that somebody in an organization would call you to offer you a job. You weren't necessarily looking to that that was the end goal.
Acquiring Minds
The $60k Acquisition that Grew to a $77m Exit
Excerpts · 306 segments · ~1:10:57 long
Short excerpts only — hear the full conversation on the publisher's site.
No, I mean my, my thought was there has to be a, there has to be quite a bit of individuals out there that are setting on something that have no really transition plan and maybe I could be that for them. I saw that in financial services there was a lot of older folks that had built a good book and were like, what do I do with this? Who do I sell this to?
At the time this was mid-90s and I'm like there has to be so many businesses out there where there's a 68, 70 year old owner whose kids are now dentists and they don't want to move back to Springfield, Missouri and run the right, the ball bearing company. They, it's just not sexy. And I really wanted to do that and I thought that that would catch the eye of someone like that.
So it really was. Yeah, it really was a searcher.
You were a searcher. Yeah. But they called it crazy back then, but yeah, it was. It was a searcher. So I guess that didn't, it didn't work out exactly that way.
You didn't, you didn't get business owners. You got the CPA in the concrete business, which worked out great. Where did you come up with that idea?
I don't recall. I knew I wanted. I knew I had a great mentor who said. When I called him and I said, look, I've got a promotion within this company that I work for, and I'm really proud of it and I've worked hard for it, he goes, he goes, congratulations, you're gonna be. You're gonna be very rich.
And I said, thank you. And he goes, but you'll never be wealthy. And I said, well, what's the difference?
And he goes, you know, when you're rich, you know what you make every year. He goes, you, when you're wealthy, you really, you have a lot of free. You don't know exactly what you made.
You know, it was a lot, but. And you have this freedom. And that just stuck in my head all the time.
And so when I, when, when, when I, when I think about that ad, I always think about, like, the equity part of this. And I don't know what made me say that. I just know that I wanted ownership.
I wanted to own something if I was going to go help build something. Yeah. And give us just a little bit of more on the concrete story, Kevin, because I know it from our pre.
Want what comes before or after? Hear the full episode on the publisher's site ↗