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Acquiring Minds

The Entrepreneur Awakens: Pivoting from Tech to Ownership

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Right. I was trying to do that for a month or so myself. Right. I think compared to the sellers myself. Right. Obviously there are going to be lots of like ramping up from my side of.

To. To your point, kind of, you know, just back to zero. Right. I think many things I have to catch up. So I had to pick my battle.

Right. I think I had the expectation that I could be doing the financial operations myself right off the bat. But soon after the first month I realized that like, if I'm going to be spending like, hey, it could be the sellers spending probably like three hours a week just doing that versus me. Now I have to spend like 20 hours doing that.

I gotcha. I just think it's like my time is better used somewhere else. And by hiring the. Right. I actually end up hiring System six. I think actually the sponsors for this show are super, super helpful.

Just for the sponsors out there, you know, great. System six, what they do. We've mentioned practically half of my sponsors in this episode.

Let's just go for the whole group. I talked to Espen, Nick Sharo, I talked to Oberly, I talked to System six. I talked to. So I think I tap into all the sponsors.

So just, you know, for the sponsors out there, like, you know, sponsorship here does work. Oh, beautiful, Ken. Wow. Thank you.

Thank you so much for saying that. So, yeah, so I think having those vendors coming in are not just going to be bringing us to back to zero. I think they professionalize what they can do.

Actually that is going to amplify again, improve the processes. Right.

I think so. You know, the sellers were not accountant or CP or anything. So I think they are doing the bookkeeping. You know, I say normal business owner level.

Right Now I'm having system 6 actually doing lots of bookkeeping. I think what they could do and what they've been doing is already improving our financial operations. That wasn't there in the past.

Account receivables. Right. There wasn't a process in place to actively like ping the phone to ask, you know, clients to pay nicely. Not almost like, not a collection situation, but I think by just deploying somebody doing AR specifically for collection, I'm already seeing the payment cycle being shortened from 45 to 60 now getting closer to 30.

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