oday's guest decided he wanted to buy a manufacturing business.
He thought the onshoring tailwinds were promising, and that there would be many small manufacturers lagging in tech that could benefit from his own IT consulting background.
So from his home in Northern Virginia, Naveen Vinta looked across the Midwest and South for targets that fit the bill.
He found one outside Milwaukee, Bailey Specialty Cranes that builds lifts and booms for sensitive environments.
The business's earnings were high six figures, and along with its real estate, Naveen almost maxed out the $5 million available from the SBA to buy it.
But what about that distance between Milwaukee and Virginia?
Well in his prior life as a consultant, Naveen was a road warrior, often traveling Monday through Friday. In some ways this would be more of the same.
Only as business owner this time, he could work to bring those days away from home down from five per week to four, which he has already accomplished. Now he's eyeing the goal of three days per week in Milwaukee.
But make no mistake, says Naveen. The sacrifice is real, and you are going to have to be in the business. His words:
"Once you own the business, the business will own you. It's initially the business will own you more than you owning the business. So there's no escaping."
Please enjoy a look inside how Naveen Vinta is making it work as owner of Bailey Specialty Cranes & Aerials.
MISSING YOUTUBE EMBEDED CODE

.png)




