From 27 Years as a W2 Employee to Business Owner: How Chris and His Wife Transitioned into Business Ownership – Chris Peruch
Description
In this episode, Matt sits down with Chris Peruch—a former W2 professional turned successful business owner. Chris and his wife juggled multiple entrepreneurial ventures while working full-time jobs before making the leap into full-time business ownership. Chris opens up about the pivotal moments that led them to buy a home remodeling business, how they secured financing, why they walked away from a car wash deal, and how they approached working together as a couple.
This episode is packed with honest insights and actionable advice from someone who's done it.
Timestamps:
[0:15 ] – Chris’s background: W2 job, side hustles, and real estate investing
[1:30 ] – Leaving W2 position, shifting into entrepreneurship
[2:25 ] – Real estate vs. business acquisition
[4:35 ] – Why Chris passed on a car wash deal
[7:30 ] – Buying back his salary through business acquisition
[9:00 ] – The business Chris and Christy bought (flooring, cabinets, etc.)
[14:35 ] – Keeping previous owner on staff
[16:05 ] – Getting spouse buy-in and navigating finances together
[18:45 ] – Why this business stood out: Stable, profitable, and well-managed
[19:50 ] – Financing the deal: SBA + seller carry
[20:40 ] – Managing a business over an hour away
[24:00 ] – Introducing themselves to the team and managing the transition
[30:00 ] – Lessons learned: SBA surprises and working capital
[42:44 ] – Mentors, leadership, and the people who made a difference
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