Hiring a CEO to Run Things (and Get Life Back) | Jeremy Hunka Interview

Описание: The success of today's guest is not measured in revenue. Not in EBITDA, nor growth. The success is having emerged from a very difficult transition to a place where, finally, Jeremy Hunka can own the business he bought on his terms. For many months that was not the case, and Jeremy's life was bleak, his doubts crippling. But today he has a CEO. He has boundaries. And he's once again optimistic about the future. There is a long way to go financially for Jeremy and his business, but he and I agreed that achieving this stabilization is a key milestone in his ownership journey, and that the story to this point deserved telling. You will hear about Jeremy's growth as a leader, which resonated deeply with me. It's curious that we don't talk more about leadership on Acquiring Minds.
We know that the classic challenge of running and owning a business you bought is "people problems." Well, another way of saying "people problems" is "being a leader." Today you will feel how those two things are really one in the same. Here is Jeremy Hunka, owner of Summit Cabinet Coatings.

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Chapters:
00:00 Jeremy's background
13:02 Description of cabinet refinishing business
34:17 First day challenges as new owner
47:01 Struggling with declining sales
01:01:02 Wife's intervention about work-life balance
01:13:24 Learning to make tough personnel decisions
01:25:01 Business turnaround and growth
01:32:58 Achieving stability and work-life balance
01:39:58 Reflections on leadership journey

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ABOUT Acquiring Minds
Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.

Credits:
Edited by Anton Rohozov
Produced by Pam Cameron

#business #acquisitions #buyingbusiness