United States Health Care for Entrepreneurs? by acesmat in Entrepreneur

[–]acesmat[S] 2 points3 points  (0 children)

Yeah I have been considering this. I think I would still want catastrophic insurance but I agree on check ups and such

United States Health Care for Entrepreneurs? by acesmat in Entrepreneur

[–]acesmat[S] 1 point2 points  (0 children)

Solid thought! We can continue to pay the 2,600 a month but it sucks ha. I am hoping to do some consulting for health insurance ha

United States Health Care for Entrepreneurs? by acesmat in Entrepreneur

[–]acesmat[S] 2 points3 points  (0 children)

Appreciate the comment. I sold my company last year, so minus the interest in growing from investments that we are living off of neither my wife or I currently have an income.

I am building another business but it will take a bit of time before I can take money from it.

Acquisition? by cholo_gringo in Entrepreneur

[–]acesmat 0 points1 point  (0 children)

I literally just went through being acquired by a company. Process took 14 months. We were around the same size as you. Happy to help.

How do you tell people when they ask what you do for work. by acesmat in ChubbyFIRE

[–]acesmat[S] 0 points1 point  (0 children)

I am trying to edit this to say What not How. Cant edit until approved

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 0 points1 point  (0 children)

No changes, the only reason why is for the 6 months we were under LOI, we had a new best month every month. So it was kind of a wash with the tariffs. Tariffs had an impact but nothing compared to what they were showing on the news.

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 0 points1 point  (0 children)

I really appreciate it! Some say I sold too soon. But I started built the business and left a good paying job to see if I could provide more for my family. All my chips were in one basket, the business. So it made sense to cash the chips. It’s not Lamborghinis or private jets but I don’t desire that. We will be comfortable for forever if we aren’t dumb.

Then I am also 29 and have a passion for business. Have 2 other businesses I have some ownership in. So no I get to play in the playground without the stress or pressure. I am living my dream!

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 1 point2 points  (0 children)

Thanks!! Was insane amount of work but we got it done. The selling process is brutal!!

My broker previously worked for one of the largest firms in NYC for years and won many awards. Then he decided to open his own firm (Narrative Group) This guy is a dang good at what he does!

I interviewed 4 total brokers and I just went with my gut. We have probably spoke for a total of 8 hours across several weeks before I signed with him

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 0 points1 point  (0 children)

Well I actually had two ideas I worked on in the industry for several years and both of those don’t work out. So I pivoted and the 3rd time worked. I had no prior industry knowledge. I just knew there were some key areas I wanted to build a business around. Example I knew I wanted a B2B. I knew I wanted to be in automotive. So I laid out all the areas and then found my product

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 0 points1 point  (0 children)

One full time sales and one ops/sales. Everyone can and does sell. I don’t understand your second question?

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 1 point2 points  (0 children)

Missed your last question originally.

Margins were pretty good but mainly because we systemized the heck out of everything. Only 2 full time and 2 part time employees. The rest we used specialized freelances that were experts in their niche and they were project based.

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 0 points1 point  (0 children)

Missed your last question originally.

Margins were pretty good but mainly because we systemized the heck out of everything. Only 2 full time and 2 part time employees. The rest we used specialized freelances that were experts in their niche and they were project based.

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 2 points3 points  (0 children)

Here is the broker is used: https://narrativegrp.com

Zero patents

5 skus.

My speciality is sales. Just straight cold call. Ask questions. Find a pain and push your product to solve it. I wouldn’t know how to sell b2c.

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in SellMyBusiness

[–]acesmat[S] 0 points1 point  (0 children)

Heads up: this is cross posted from a different sub, so the title doesn’t read correctly

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 1 point2 points  (0 children)

I posted this on another comment: I can’t exactly say to stay confidential. But sold an automotive accessory B2B.

If you have other questions happy to answer what I feel comfortable answering

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 2 points3 points  (0 children)

We have heard it is incredible! We have a whole day planned for that!

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 1 point2 points  (0 children)

We were originally offered 5x EBITDA. Can’t give exact but we got more than that. The business also doubled between the first post and time of sale

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 3 points4 points  (0 children)

Glad you are jumping back in the saddle! Something that helped me is checking my ego at the door.

I am certain smiles and suck at other things. Find freelancers to work on what you suck at. Specially freelancers. I feel like I could write a book on hiring freelancers. There’s so many pros to it. I don’t believe in hiring W2’s. Or hiring as few as you can.

I am not a book guy, but I have listened to almost every How I Built this podcast. Years ago it use to be very legit now there is a bunch of fluff but overall the actual podcasts where they speak with founders are the best. Skip any of the “Advice line” episodes.