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Buying and Running Pacific Insulation
- Damon bought Pacific Insulation Supply, an online insulation wholesaler, aiming for a scalable, remote, low CapEx business.
- Despite improving systems and showing growth, he found the business lifestyle challenging and took a W-2 tech sales job for stability.
Personal Fit Is Key Risk
- Not liking the day-to-day of a business is a big risk not often discussed enough in acquisitions.
- Even with solid fundamentals, personal fit with the business lifestyle is crucial to success and satisfaction.
Challenges Scaling and Diversifying
- Damon underestimated the difficulty of scaling and diversifying product lines beyond insulation.
- Attempts to add drywall sales failed due to supplier volume discounts and existing customer habits.