The Examined Life Should you buy an unsexy business? [Ben Jasper]
Jul 25, 2024
Former hedge fund manager turned entrepreneur, Ben Jasper, shares his journey of leaving Wall Street to buy an unsexy business. Topics include buying a business with 5% down, steep learning curves of unsexy businesses, timing of leaving Wall Street, and wealth compound strategies. The podcast explores the challenges, financial risks, and rewards of acquiring and running a manufacturing company, highlighting the perseverance and hard work needed for success.
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Unsexy Business Owner
- Ben Jasper, after 20 years in finance, now owns a small manufacturing business.
- He finds this leads to more interesting conversations than his previous Wall Street career.
Growing Up Different
- Ben Jasper grew up as an adopted Korean in a predominantly white Kansas City.
- He felt different and experienced teasing, but his parents were supportive and taught him to focus on effort.
Unconditional Support and Internal Drive
- Unlike many driven individuals with conditional parental love, Ben's parents offered unconditional support.
- This fostered gratitude but also a need to prove himself, possibly due to adoption-related feelings.