Is this, is this something that you could imagine have making? I mean if Grant hadn't been there, do you think you would have been a full time searcher, quit, gone and done your full time search or could or inevitably somebody was going to have to do the search work for you? Yeah, I think it was just not going to be in the cards for me to do both at the same time. Definitely.
Acquiring Minds
Quitting Consulting to Buy a $1m SDE Agency
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Although I do think it's important to have some skin in the game. You know, like this is ultimately going to be a business that you're going to run. And so even on top of, you know, a busy BCG schedule, it's important to still like for me it was important to still be engaged and paying attention.
And I think that also if you're in a scenario where you're going to need investors, I think showing that you're willing to invest your time in a search kind of proves out the grit and the effort that you'll put in post search as well. That's a great point. But I think that being said.
Yeah, I think the model that you shared makes total sense because yeah, for someone in my shoes it would not have been possible to have done, you know, 100% of the work on my own. Yeah. Doing, doing the active search though, if you're raising third party capital from investors, can, can be a signal of, of seriousness and of grit. It's great, it's great.
Call out. Okay. Anything more to say before we hear about the business that you found? The search process was fun even though it's up and downs like the I, I think back with nostalgia to the search days. It was a lot of fun and I think that, that my encouragement to searchers if you're in it is like yes, it is hard but I suspect you will look back with nostalgia on the search days at some point.
So there, there's lots to enjoy even. In but what, what, what makes you nostalgic about it? Grant, what did you like?
He has like the biggest in the world. So like maybe we have to caveat that with that because he just like loves learning about business models and hearing about different types of businesses that exist and how much money they make and how they're structured and anyway so I will say I paid him enjoy through him.
But anyway I'll let you comment Grant, on what you look back on nostalgically. No, that's totally it. I, I, I love talking to sellers.
I like, I love talking to brokers. I thought it was so interesting there's stuff I learned from totally unrelated industries that was helpful for nonprofit megaphone.
I mean. Yeah. I mean I now it's like spend a lot of my time investing in this asset class because I, I just, I love that part so much. So anyway, yeah, I think it's fun. Yeah.
Looking under the hood. Learn it's, it's. I mean you learn a ton and you get to talk to all these interesting people. I understand that the, the obvious difference in your situation and many people listening will be that your Runway was much longer because Julia, you were gainfully employed.
Grant, you had a business that was, that was going. So you didn't have the, you know, the ticking clock that many searchers will feel if they've quit and gone all in on finding a business. Totally. About this business that you found.
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