Acquiring Minds Hard but Fun: Transitioning a 77-Year-Old Business
Dec 7, 2023
Darryl Lindie shares his journey of buying a business after being inspired in the Navy, finding a suitable business in Rhode Island, dealing with a rocky transition, and the realities of small business ownership. The chapter explores the role of virtual professionals in business operations. Discussions on two books about overlooked CEOs and an inspiring lawyer turned entrepreneur. The speaker discusses their decision to choose self-funding and their search for a business to acquire in Rhode Island. The importance of improving work culture is also emphasized.
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Inspired to Enter Small Business
- Darryl saw older small business owners while buying materials for the Navy and thought, "Why can't I do that?".
- Their fulfilling lifestyles inspired him to try small business ownership himself.
MBA Not Required for ETA
- You don't need an MBA to pursue entrepreneurship through acquisition (ETA).
- Rely on resources and networks outside business school to accelerate your journey.
ETA is a Niche Path
- ETA remains a niche path even among MBA graduates.
- Most MBA peers pursue traditional careers, making ETA a unique, adventurous choice.