How to Buy a $2.3m Business with $100k in Cash + Your 401k
Burk Adams tapped his 401k to buy a business that reinvented his career, gave him back time, and catapulted his wealth.
Topics in Burk's interview:
Using your 401k to buy a business with ROBS
Buying a business being the most impactful thing he's done in his life
Realities of a C corp vs. LLC
Teaching his kids acquisition entrepreneurship
How it seems easier to have bought a business in 2015 than now
The feeling of giant SBA loan repayments every month
His business acquisition being a full send
How he thought about the failure risk
Why he liked PC Enclosures
Acquisition price & numbers
Buying…
The skinny
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