Acquiring Minds Leaving a Big Salary in DC for Small Business in Wyoming
24 snips
Sep 18, 2023 Executive Eric Hayes left his high-paying job in DC with 5 kids to buy a small business in Wyoming. Topics include raising equity, the business of restoring native ecosystems, learning to communicate with foremen, life in a small town vs. big city, and the challenges of owning and operating a business.
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Purpose Fuels Career Pivot
- A sense of purpose motivated Eric to pivot from corporate career to business ownership.
- Charitable giving and long-term impact drove him to acquire and operate a small business.
Snowstorm Builds Business Trust
- Eric and his wife met the business owners and ended up staying overnight at their home due to a snowstorm.
- This built trust and a strong relationship that helped in the due diligence and acquisition process.
Unique Buyer-Business Fit
- Eric's construction and agriculture background uniquely fit the business's hybrid nature.
- This buyer-business fit gave him confidence despite a steep learning curve in specific industry details.