The $60k Acquisition that Grew to a $77m Exit

So I think those three questions have, I, I mean, transformed my whole life, if I was to be honest. And that last one about, it's, it, so it's kind of identifying what the missing piece is and what that person looks like or, or the talent they have or the title they have or where you can find them. Yeah, I, I, this is a little hokey.

And I don't share this with a lot of people. It's, that's, I don't want to say it's embarrassing but I do read this every day. It's like I trust the universe to bring the right people in the right situations to me every day.

Back to the story. You returned from Atlanta which was a bust as a young real estate speculator.

So you've had one success and now kind of one bust tail between your legs. You go home, pick us up. Sure. So I literally have zero dollars.

I went from earning a great income to having, having nothing.

And my mom at the time who I adore and has been a great influence on me is she had twelve hundred and fifty dollars in her bank account and I asked her to. I'm gonna get, I get emotional sometimes when I share this story so I don't talk about it often but she, she gave me $750 to run an ad in the Wall Street Journal.

And this was pre WSJ.com this was like the real print version of the Wall Street Journal and it ran nationwide and it said young aggressive entrepreneur. See small growth company. And it had my mom's phone number to our, our little abode that we, that we lived in, that I grew up in and 70, 72 people I think it was over 70 people called on that ad and I guess that was like a searcher before the…

Now in full disclosure probably over half of those people were you know, multi level mark. They wanted me to join their downline or something. They were like wow, this is interesting but, and actually one guy called from, he was out in Nebraska, known to construction oriented business and we had talked several times and he was interested and liked me and when he found out hold I was, I was like…

He was like my guys are going to chew you up and spit you out. There's no way we, we could do this. And so it was a little frustrating.

And then the very last call I received was from a CPA and the CPA had, had had acquired one of his clients businesses out of a bankruptcy auction. And it was a concrete batch plant with eight brand new trucks and had said look I, I can sell these for more than I bought them for but there's a business here.

And I was still under kind of a non compete I couldn't go back into financial services so I felt a little stuck and I don't know if I would have done that If I had other options. But he said, I'll pay you a small amount every week. And here's what I have into this business.