Hardcore business guy | Sharing powerful daily insights on starting, buying, and running companies. Current 6x business owner & family man. Level up with me.
How I turned $205k into a $4 million company in 10 months
The inside story of my successful acquisition:
In January 2023 I stumped across a company for sale.
It was listed for $3.55 million and showed SDE of $1.6 million.
Those kind of numbers can have a serious impact on
I’ll never forget.
It was at Carrabba’s.
A couple bought our meal and snuck out.
We had no idea until they were long gone.
I wanted to say thank you so bad, but then I realized
It was about the gesture, not the recognition.
Changed my perception forever.
Paying it forward
$20k taken instantly from my account yesterday.
You ever just stare at something struggling to accept it?
I fulfilled the promises. I operated with integrity. The end result is negative $20k.
The conversations were similar to many others I’d had.
Everything started normal.
A client accidentally sent us a check for $34 million instead of $34k
Do we:
A) Notify the client & ask for a new check
B) Take time to consider all options
C) Cash it. Have the most epic team party of all time & invite everyone on Twitter
Please let me know you chose ‘C’ !
Your life is stuck.
You want to flip it ALL upside down.
MASSIVELY transform it in only 5 years.
I'm talking completely UNRECOGNIZABLE.
Every last piece.
Relationships, finances, career, parenthood, location, health, housing—literally all of it.
Is that even possible?
I bounced payroll.
Had no money left to my name.
The mother of our young secretary called me.
“Jake, when is she going to get paid?”
I assured her she would get paid soon.
My NEW girlfriend (now wife) was about to rescue me.
You want to talk about embarrassing?
This was a
You can’t stop it.
You have done it again.
You’re at a kid’s bday party. Your son’s karate class. Your buddies brewery.
You are enjoying the moment.
You also find yourself simultaneously calculating the operation’s expected revenue, margins, & profits.
How do you stop it?
Too much ego will kill your talent.
There was festival in town & I went out & rented, & dressed up in..
A chicken suit.
Stood out front 8 hours giving coupons for the consignment store I helped my sister run.
Choose to feed your family over your ego.
Who else has a story of
You know what takes guts?
Signing up for a $50k per month personally guaranteed loan payment.
I lost a lot of sleep leading up to the decision to sign on that dotted line.
Am I being irresponsible?
I have a wife and 3 small kids—what if I fail and they take our house? Take
Florida is BOOMING.
Business opportunities everywhere!
Beautiful weather - can go outside year round.
Endless unique experiences for my kids and family.
Tell me again all the reasons Florida is such a bad place to live?
You will rarely see the fruits of your labor immediately. You just need to keep planting seeds over and over, then one random day you’re going to wake up and realize you’ve created an entire herd of opportunity.
To some degree, I think we all crave a certain type of life. Some prefer simple and relaxed. Others enjoy always being on-the-go and constantly doing things. Many fall in between!
What do you prefer?
The good news is, YOU have the power to create the life you want for yourself.
Ever considered running a business for 8+ years for $0?
You put your blood, sweat & tears into something for NO RETURN?
This is why people say building a business is the ultimate experience.
We ended with nothing, just missed out on Shark Tank, and why I'd do it ALL again..
If you’re just starting out working toward a huge goal, except the fact it’s going to a process.
There will be ups. There will be downs.
Don’t get too high or too low.
Stay the course.
Keep taking steps—even if they’re small.
Remember, it’s consistency that ends up winning!
They do not trust you.
Doesn’t matter what you SAY to them.
4.5 months into my most recent acquisition, and words mean almost nothing to my new staff.
One of our key staff members, 64 years old, approached me at one point and said:
“I don’t believe you. You claim you are
Absolute marketing masterclass. 🫡
In 1984, Nike did something outrageous.
They willingly shelled out $410,000 in fines just to let Michael Jordan hit the court in black sneakers.
At the time, the NBA was enforcing a stringent rule: basketball shoes had to be 51% white.
Bitcoin Sale VS. Cash Flowing Business
In Oct 2023 I sold 2.17 Bitcoin & 5 ETH to help fund my acquisition.
At the time the bitcoin was worth $56k.
The ETH was worth $8k.
They would now be worth $147k & $20k respectfully.
Ouch! Missed out on $103k.
Was it the right choice?
Went out to a nice dinner tonight w/ my wife & two little girls. We ask for the bill & the server tells us the couple next to us paid it on their way out.
I’m still in shock. I love they did it w/out recognition. What a nice gesture.
I’m excited for my chance to pay it forward.
Insane updates on my 21-year-old niece who makes $4k+ monthly (and growing) streaming video games on TikTok.
Let me break the entire thing down for you because it is incredibly fascinating. I am still trying to wrap my head around it all.
First, how does she make her money?
I
Found out my 21 year old niece makes $4,000+ per month on TikTok.
Her secret sauce?
She posts videos about the game Roblox.
Um, what!? 🤯
Her husband is a Marine and they live on base in Arizona.
With him gone a fair amount and her looking to fill time during the day, she
Find balance in life. It’s so crucial. Work hard, absolutely. Chase your goals, definitely. Just don’t forget all the components to living a fulfilled life.
10 great business topics to write about:
1. Wins
2. Goals
3. Beliefs
4. Failures
5. Strategy
6. Branding
7. Marketing
8. Leadership
9. Operations
10. Experiences
Stop building an audience.
Start building a reputation.
Any other topics?
I learn from every successful person I can possibly expose myself to.
Books, audios, podcasts, seminars, on Twitter, the internet, I do it all.
The way to experience hyper growth in your life & career or business is study those who have already done it.
Success leaves clues...
You’re going to make mistakes on the road to your goals. We all do. I’ve made so many. The real key is if you learned from them, and how you respond.
Make your comeback greater than your setback.
Don’t worry about all the noise around you, NONE OF IT MATTERS! Focus on yourself, the people you care about, and don’t give in to a world full of things to distract you.
If you’ve made progress in a certain area of your life or experienced success, and then you run into a setback—don’t let yourself dwell on that setback.
Shift your focus and realize how far you’ve come.
Have a plan. Have a road map. Take time to figure out what you want in life, then take time to figure out what steps you can take to get those things.
After that, stick to the plan, don’t give up, keep pushing, and wait for those things you want to arrive. They are coming...
One of the reasons most people don’t enjoy owning a business?
The PRESSURE.
So much rides on your shoulders.
Responsibility for the business's success falls in your hands.
And most powerfully?
The burden of being responsible for the livelihoods of your employees.
Can you
Stop listening to advice and opinions from people who are not living the lifestyle you desire, this can really set you back.
Seek out those who have accomplished things you’re striving for or have a lifestyle you see for yourself.
Take their advice. Follow them.
Percentage of small businesses that fail:
Year 1 - 21.9%
Year 3 - 39.7%
Year 5 - 50%
Year 8 - 61%
Year 10 - 65.7%
Do these surprise you? What year are you in now?
OK who had a Middle School Hustle?
My sister worked at a local pharmacy when I was 12.
She got 50% off & I was off to the races purchasing candy for $.30 a bar.
I used sewing day in art class to make a cloth compartment thingy that hung in my locker for storage.
Skittles
Some people will find that single negative in a sea of positives. Others will be dealt a hand of trials and tribulations, but they always seem to pull out the good things. Perception is a key component to gratitude. And gratitude a key component to joy.
Eventually all the hard work you put in will just start clicking. Don’t psych yourself out! Keep working and stay patient. The fruits of your labor are coming.
#MondayMotivation
I’m torn.
Cell phones have done a ton for us all.
But at what point does it become too much?
Majority of us embrace them, as I believe we should.
I’m just trying to figure out where the “too far” line is.
What’s your take? Are we out of control with cell phone usage?
Found out my 21 year old niece makes $4,000+ per month on TikTok.
Her secret sauce?
She posts videos about the game Roblox.
Um, what!? 🤯
Her husband is a Marine and they live on base in Arizona.
With him gone a fair amount and her looking to fill time during the day, she
Torn between buying an existing business or building one yourself?
The "right" answer may surprise you.
I’ve done each multiple times and they are very different paths.
Here's what you need to know before making your decision:
Building a business from scratch is an
Be mindful of who you surround yourself with. You’ll notice a big difference in your life if you’re the recipient of consistent positive and impactful feedback.
Some of the most successful people on earth that I’ve studied over the years say PROGRESS is in many cases the biggest component to happiness.
This isn’t to say you’re “unhappy,” but when you’re moving forward and making progress in your life, it feels wonderful.
Acquisition update. Numbers don’t lie.
The previous owner did not set sales goals.
We felt that needed to change immediately.
Q1 target? 43k higher than 2023 at $1.27 million.
Today we sit at $1.403 million.
We are smashing it!
Taking over a business is super challenging
I’ve always wanted to achieve a lot. There is just a fire inside of me that pushes me.
I’ve also grown to understand that not everyone is wired this way, and that neither one is right or wrong.
Know yourself, accept yourself, and embrace who you are.
Imagine owning a multi-million dollar company overnight.
But what happens in the first 120 days of an acquisition this size?
I closed on a corporate event decor company Oct 9, 2023 for $4.1 million all in & it's been wild
Buckle up & let’s walk through my experience so far:
If you’re passionate about something, it’s easy to tell. You’ll constantly be thinking about it, wanting to do it, and no matter how busy are, you will MAKE time for it.
If you keep waiting for things to be perfect to take action on something,
You’ll probably be waiting forever!
It doesn’t need to be perfect.
You need action! Get the wheels turning!
Just. Get. Started.
To the Twitter/X is dying crowd:
I’ve been active and inactive on here for 12+ years.
There’s been 100+ algo changes, different CEOs, new features, etc etc
Like many things in life, there are moments of momentum and others that feel hard.
But when does the most growth happen?
Chill out.
Rest IS growth!
As we spend energy we aren’t actually growing.
We ARE increasing our capacity for growth. We’re pushing our boundaries.
Taking to recharge is so important.
Rest is when we temporarily stop pushing.
And NOW we can grow into the space we’ve created.
I don’t even like taking breaks during the work day because I feel like I‘m wasting time instead of using that time to get CLOSER TO MY GOALS!
#goaldigger
Make a conscious effort to shift your thoughts. Try to consistently find positives instead of negatives. Over the course of time this will have such a dramatic and powerful impact on both your mind and body.