Key Points From the Interview
urk Adams was stuck as a traveling consultant.
He was successful, but living out of a suitcase spending far too many nights away from his wife and 3 adolescent boys.
Burn-out and depression loomed.
Enter: acquisition entrepreneurship.
I'll let Burk tell his own story, but I will tee it up this way:
Buying a business was such a profound and positive move for Burk that he intends to teach his kids how to do it.
Another element to Burk's story I want to call out: ROBS.
You've probably heard of it; ROBS is the program to tap your 401k to help finance the acquisition of a business.
We spend some time on it, and it was what enabled Burk to take the swing he did.
But I do want to emphasize: neither Burk nor I are ROBS experts. There are lots of nuances, so do your homework. ROBS is right for some, and definitely NOT right for others.
OK. Enjoy this uplifting interview with Burk Adams of PC Enclosures.👇👇👇
(Especially you mid-career folks who are feeling stuck.)
August Felker is a 2-time successful searcher — first with a traditional search fund; the second time around, he did a self-funded search.
Today August runs Oberle Risk Strategies, an insurance firm with a dedicated practice group for searchers and acquisition entrepreneurs like you.
If you've got a business under LOI, Oberle will provide complimentary due diligence on that business's insurance and benefits program. A great, no-risk way to get to know August & team.
They love helping searchers; they've worked with hundreds. Oberle is a specialty insurance brokerage for searchers, by a former searcher.
Check out the Search Fund Team at Oberle.