Acquiring Minds Leaving Corporate to Buy a $4m Manufacturer
73 snips
Sep 3, 2024 
In this engaging discussion, Mike Dey, a former aerospace engineer turned entrepreneur, reveals his journey into business ownership by acquiring a manufacturing company. He shares insights on the risks and rewards of entrepreneurship, particularly in his 40s, and the importance of valuing a business. Mike also highlights the challenges of transitioning from corporate life, managing a blue-collar workforce, and navigating complex financing hurdles. His story serves as an inspiring guide for anyone considering a major career shift.
AI Snips
Chapters
Transcript
Episode notes
Career Pivot
- Mike Dey, an aerospace engineer at Boeing, transitioned to business ownership.
- He was driven by a desire for more control and flexibility after a long corporate career.
Leaving Corporate
- Mike's decision to leave Boeing was influenced by COVID, industry struggles, and a desire for greater impact.
- He found corporate bureaucracy draining and sought more fulfilling work.
Spouse's Support
- Mike's wife supported his career pivot, having previously taken more career risks herself.
- He aimed for higher returns on equity through business ownership compared to real estate.