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Factory Life: Buying a Manufacturer with $1m SDE
Published 2 years, 9 months ago
Description
Ben Jasper made a change at age 40, acquiring a plastic bag manufacturer with 10 people & a daily start time of 4:30am.
Topics in Ben’s interview:
- Managing a portfolio of $500 million on Wall Street
- Leaving finance to prioritize family
- Buying a plastic bag manufacturer
- Starting his work day at 3:30 AM
- His intense 2-month initiation
- Creating a manual and financial model to manage the business
- Challenges of maintaining old machinery
- Understanding his employees' personal values
- Long-term vision to hire an operator
- Negative revenue growth in the manufacturing industry
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