Acquiring Minds First-Time Buyer Recipe for Success: Action & Small Steps
Aug 31, 2023
Learn about the trade-offs of a part-time search, the importance of taking action, and the competition in the web-to-print industry. Explore the pros and cons of an SBA loan and the appeal of managing people. Discover the speaker's mistake of not accounting for working capital adjustments and the transition to ownership and fatherhood at the same time. Hear about the importance of knowing oneself and the value of a business school education.
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Vending Machine Sparked The Search
- Connor discovered ETA in business school then started a tiny vending machine side-hustle that "broke his brain."
- The vending results convinced him he didn't need permission to create value and nudged him toward acquisition search.
Use Small Weekly Goals
- Set small weekly goals and consistently knock them out to keep momentum in a part-time search.
- Incremental action snowballed Connor's progress toward acquiring a business.
Design Search Around Your Personality
- Know your work style and design the search to fit it rather than copying others' full-time approach.
- Part-time search can work if you accept trade-offs and stay disciplined about your method.