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Leaving a Big Salary in DC for Small Business in Wyoming

Leaving a Big Salary in DC for Small Business in Wyoming

Acquiring Minds · Will Smith

September 18, 20231h 33m

About this episode

Eric Hayes was an accomplished executive in the DC area with 5 kids when he decided to buy a business in Laramie, WY. Topics in Eric’s interview:Walking away from a C-level career to buy a small businessDifficulty raising equityHow “smiling and dialing” investors paid offWillingness to take “key man risk”Negotiating a premium for his operations experienceThe business of restoring native ecosystems Costs to serve customers across the Mountain WestLearning to communicate with his foremenUncertainty of project-based businessLife in a small town vs. life in a big cityReferences and how to contact Eric:LinkedInRocky Mountain ReclamationLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition Lab

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Topics

entrepreneurshipentrepreneuronline businessSMBacquireacquisition