Transcript
0:00 I sell steak, a lot of it. Sweet. I'm a manufacturer on one side. Now, retail side, I have a little 2,000 square foot building and it does about 500. There's more passion on that end, too. The wholesale end, I'm doing 2.7. >> Okay, great. >> And the reason why I know this as of late is because I've been approached. I had a different question, but since it was you, I figured I'd ask you the million-dollar one. Do I move forward with that and double down on the other end?
0:25 >> I'm gonna go out on a limb here, and it sounds like you're pretty decided. Um, well, >> you're like, I've got this exit. I've got this exit here. I don't like it. I'm capped. I have passion here. I want to expand. >> It sounds easy. >> Well, yeah. I was like, you had all pros on one side and all cons on the other. >> So, what's the real question or what's holding you back? >> I'm greedy.
0:46 >> Okay. >> Yeah. Like, you know, that's >> Well, they'll pay you for the business. >> Yeah. Yeah. But >> they don't give it to them, right? You're going to get a payday loan on 10 years worth of income. So like, well, there's your greed. And then with that money and all the time back, do you think you could grow this one to get to 2.7 in profit? >> I do. >> Okay. >> But do I make that leap?
1:08 >> There is no right answer. Um, there is probably a right question which is 10 years from now looking back, which one you regret more? Not going for it. And I think underneath of that, which is like what person do I want to become? And which of these paths get me closer to that being that person? You may you make it easy. Thank you.
Summary
- The speaker operates a steak business with significant revenue from both wholesale ($2.7 million) and retail (around $500,000).
- There is a strong passion for the retail side, which is a key factor in considering a shift in focus.
- The speaker feels "capped" in the wholesale business and is contemplating an exit strategy.
- Greed is identified as a barrier to making a decision about the future of the business.
- The conversation emphasizes the importance of evaluating long-term regrets and personal growth when making business decisions.
- No definitive answer is provided, but the focus is on aligning choices with personal values and aspirations.