The Entrepreneur Awakens: Pivoting from Tech to Ownership

So we are kind of, you know, going back to 15 right now. Okay. And margins roughly 30%. Oh, great. And can you give me, can you give me any sort of sense of the earnings of this business?

Yeah, I would say mid to high six figures. Sde.

Correct? Yeah. Yeah. And now retrospectively, you know, I would say, yeah, this is like the sweet spot.

But at the time during the deal discussion, navigating through the deal, I definitely felt like, oh wow, I wasn't expecting to be buying such a size. Right. I was looking at something that are smaller. But I think through and I think what's important is having people around you in a journey who can support you.

I think like your podcast actually does that as well. I think getting lots of the knowledge and insights from people who walk the same path and actually start. Actually get. You know, I think lots of people alluded to, yeah, you want to buy a bigger business that turns out to be a, a less risky decision than buying something smaller.

So I think I actually appreciate lots of the knowledge from this podcast and again, Cody's community and all that. I think without all those help, I would still end up buying a business, but probably going to be much smaller and probably going to be Getting through the pain of like, oh, like there's just lots of things that a smaller business will doesn't have.

So yeah, I think retrospectively I felt lucky that I ended up buying something that's bigger than what I initially anticipated. Great. And so how did the conversation evolve now from being an investor to being the buyer of the business? Yeah. So after the initial visa, so I think I got more convicted and committed to actually buying the business.

So kind of by starting the conversation, I say, hey, I know that you guys were looking for outside investment and all that, but to me it didn't feel right. The fact that, okay, if I'm going to be put in equity, being a minority partner, that was kind of how the conversation was going to me.

It's almost like I was still more like an employee and I would be actually chipping in my own fund to be an employee that wouldn't fulfill my infantial purpose as being like a full on business owner. Right. So in that case, I would like to explore their interests of actually buying out the company entirely, which I think I had that conversation at the right time because for Lyson it was difficult…

I think you could almost predict right when the hospital, when the travel market was almost dead during the pandemic, it took them a great effort to almost build the company from the ground up, you know, the second time. Right. Yeah. Lison was founded back in 2014. Getting through the pandemic, I think it took them lots of effort to, you know, they had to lay off the entire team and almost build…

Right. Oh, wow. So I think it took a big toll on their just mental health and all that. So that naturally helped the discussion about, okay, now they actually did want to have a break from running the business and all that. They were entrepreneurs at heart.