The World Belongs to the Obsessed: The Journey to Wolf Business Services, LLC
I read these words on a terminal and looked back. For five years now, I had been thinking about Entrepreneurship Through Acquisition (ETA). My first PowerPoint from before Columbia Business School, before I knew ETA. For five years, I read books (some multiple times), watched video interviews, listened to podcasts, joined ETA communities, made friends in the industry, and talked to small business owners, brokers, banks, and people who invested in this space. ETA offered the ability to own more of my effort and output, bring sophisticated tools and frameworks to inefficient markets, leverage a cost of capital advantage, and benefit from a broad macro tailwind of retirees. On weekends, in the early morning before work, and after work, I would model companies, outline next steps, and imagine roll-ups and large multiple exits. I envisioned creating value for all stakeholders, providing good jobs with fair pay, and investing in communities (I have always wanted to sponsor a recreational teeball team!). You could say I was obsessed with it.
But I was incredibly lucky. Through years of hard work, I had an amazing opportunity to work with some of the brightest people I have ever had the pleasure of meeting. I helped build a team that would be #1 ranked before getting an opportunity to learn another side of the business and own risk. But, as I looked at my Bloomberg Terminal and read a newsletter with the words, and the advice, “the world belongs to the obsessed,” I realized I was doing myself, and society a disservice by not chasing something that dominated my mind… a passion my soul yearned for.
That is why I started Wolf Business Services, LLC. I want to use my skills honed as an engineer, working in operations at a large public corporation, and at investment banks to create value in a fragmented market and offer a value proposition to both small business owners and investors. For small business owners, this means paying a fair price, investing in their company, people, and relationships, all while protecting the brand from large Wall Street private equity that might commoditize their work. For investors, it means accessing a fragmented market and offering exposure to distributions and longer-term exits at accretive multiples. The inefficient market and large incoming wave of retirees creates a win-win situation where treating people fairly will lead to near-term and longer-term best outcomes and returns.
I am driven by the vision of creating value for all stakeholders, providing good jobs, and contributing positively to communities. Wolf Business Services is the culmination of years of preparation, passion, and a relentless pursuit of excellence. The journey has just begun, and I am excited to see where it leads.