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Acquiring Minds
One Couple, 4 Kids, and a Business 3 Hours Away
Aug 12, 2024
Gabe Perez, a former corporate employee turned entrepreneur, and Kristen, a professional returning to work to manage their new family business, discuss their journey to acquiring a $4 million cold storage manufacturer. They reveal how they balance family life with business challenges, emphasizing the importance of communication and teamwork. Gabe shares insights on securing lender confidence despite the business's cyclicality, while Kristen talks about the emotional toll of entrepreneurship and their goal to create a supportive workplace for their family.
01:42:54
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Quick takeaways
- Gabe and Kristen's decision to buy a business stemmed from their desire to create wealth and provide for their children's future.
- Kristen's entrepreneurial journey highlights the challenges women face re-entering the workforce after raising children, leading to personal fulfillment.
Deep dives
Balancing Family and Business Decisions
The decision to buy a business should include considerations for one's romantic partner and family dynamics. Gabe and Kristen Perez faced professional dissatisfaction, with Gabe disillusioned by corporate life after layoffs and Kristen ready to return to work after a decade at home with their four children. The motivation to build wealth for their kids and provide for college expenses led them to explore business acquisition, even though their chosen business was three hours away. The couple’s story highlights how entrepreneurship can provide autonomy and fulfillment, allowing families to break away from traditional corporate paths.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode