The Late 40s Pivot Into Business Buying | Jarom Wren Interview

Jarom Wren felt the entrepreneurial itch in his late 30s despite a successful corporate career. Seeking more freedom, he explored options for years until discovering entrepreneurship through acquisition after a friend bought a business. Mesmerized, Jarom dove in and eventually acquired Vanlife Outfitters, an ecommerce brand serving the vanlife community. He navigated lender skepticism about ecommerce, restated earnings, and a deal that nearly fell apart. Jarom shares how persistence, renegotiation, and realistic expectations helped him succeed, and why buying a business later in life can be a smart path. ❤️ Enjoy this interview? SUBSCRIBE for more: https://shorturl.at/zaP1m 00:00 Introduction and Jarom's corporate background 06:27 Discovery of ETA through friend who bought a business 17:05 Search criteria and process for finding businesses 26:49 Discovery of Vanlife Outfitters business 31:24 COVID trends analysis and long-term industry growth validation 42:03 Business differentiation strategy vs Amazon 47:26 Deal complications with financial revisions and bank rejections 60:31 Quality of earnings process, costs, and decision-making 1:13:41 Closing the deal and first year challenges 1:27:33 Advice for older entrepreneurs: "Don't get ready, get started" CONNECT with the Acquiring Minds podcast, socials, etc. 🎧 Podcast on Spotify: https://open.spotify.com/show/2vZrl0u... 🎧 Podcast on Apple: https://podcasts.apple.com/us/podcast... 👉 Get notified of new interviews: https://acquiringminds.co 👉 Follow host Will Smith on Twitter:   / whentheresawill   👉 Connect with host Will Smith on LinkedIn:   / willsmithsf   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