One Year Post-Acquisition

October 12, 2024
by a searcher from University at Buffalo, State University of New York - School of Management in Buffalo, NY, USA
One year post-acquisition, life has completely changed. Owning a business is a challenging and rewarding lifestyle, far different from my W2 / corporate. Here are some key takeaways from my first year in business ownership:
- Life has completely changed – I don’t have a job, I have a lifestyle. There’s no going back to W2.
- Work-life balance doesn’t exist – This is the hardest lifestyle I’ve ever experienced, but also the most rewarding. Spouse / family has to be on board and fully committed
- Deep understanding of operations – I’ve learned the ins and outs of working in the business while trying to scale it. "Hire an operator" not applicable unless you know what operations entails.
- Focus on operations and culture – Bringing both to a high level has been essential before thinking about selling or growing further.
- Scaling is hard – Doubling revenue has been a significant challenge, but we’re making progress and on track to hit the goal
- Hiring the right people is crucial – Putting the right people in the right roles has been key to our success.
- The importance of business partners – Having the right partners is both difficult and beneficial; strong partnerships are invaluable.
- Power of masterminds and networking – Connecting with peers has been a game changer. The support and insights have been essential in navigating business ownership.
- Shared our story on two podcasts – Grateful for the opportunity to reflect and connect. Check out the episodes below: Acquiring Minds - https://www.youtube.com/watch?v=PCj_s7wNhwU
SMB Deal Hunter - https://www.youtube.com/watch?v=wBhvsg83VYo&t=194s
Long term commitment – The energy and feedback from the community have been incredible. I’m excited to continue the journey and would love to connect with operators, owners, or investors in the space!
in Jaipur, Rajasthan, India
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from University at Buffalo, State University of New York in Buffalo, NY, USA