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John Gafford

πŸ‘€ Speaker
16394 total appearances

Appearances Over Time

Podcast Appearances

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Nobody cares who shows up to fix the toilet.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

They just want it fixed.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

You know, it's amazing how many people don't do that because you look at like my friend Cody Sanchez has got, you know, her whole platform is acquiring businesses for on seller financing because so many businesses just don't have anybody internally at all that can purchase them or take them over.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And now boomers are retiring like crazy.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And there's all these, you know, trades, just different kinds of businesses out there with no succession plan whatsoever and no thought to what happens.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Yeah, it's far better than an exit.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Well, no, or what's even worse is you go from having a company to literally having a job for two and a half to three years.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

You have to sit in the seat and you're like, why did I do it?

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Now I'm an employee of this company and why would I have done this to myself?

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

I've had a couple of friends that have had some pretty decent exits that involved them staying on as an employee.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And I like to think that one of the things that makes people great entrepreneurs is the fact that they're chronically unemployable.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And then you put them in that situation and I just, I don't know anybody that's been like, I'm super happy being an employee.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

They're just counting the days until they can step out.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

based on their exit.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And then in most cases, a lot of those guys just wait out their non-compete and then go start again the same kind of business is what I've seen over and over.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

So what if somebody comes to you and they're, let's just say they're in a Red Sea business where there's tons of competition, and again, they say, I am the value here, and that's not investable.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Do you advise them to pivot?

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Do you find blue ocean?

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

What do you do there?

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Oh, I take those meetings.