Episode 41 - John Boykin | BHI Insurance (Part 2)
Brian welcomes back John Boykin of BHI Insurance for a follow up episode to share the highs and lows of having his business acquired by Assured Partners. In this episode, John explains why running his business like he was going to sell it one day eventually paid off and what it felt like when that wire hit his bank account, becoming financially independent at the age of 39.
John’s journey from making $16/hour 16 years ago to where he is today hasn’t all been positive. But John knew that money came with winning, so one thing he never did throughout his career was chase money. As Brian articulates it, “you have to be equally prepared to say no as you do to say yes to the right thing.”
Key takeaways:
John sold his business without even looking to sell and become financially independent at 39 years old
While working on his hardest sell yet — convincing his 9 year old that moving to a new home was a great idea — John realized he wanted to slow down and focus on being a dad
The closing day was incredible and underwhelming all at once
Mimosa days helped to maintain company culture during the acquisition
If you only have 10 minutes:
3:09 - What’s changed for John since we last spoke with him in February 2021 (episode 3)
10:08 - Is there a single reason why John decided to sell?
14:48 - How it feels to become financially independent at 39 years old
15:47 - The closing day
26:55 - Selling a business is an emotional rollercoaster
31:33 - Did John ever just say, “screw it?”
39:54 - Don Julio 1942 or Clase Azul?
HAPPY ½ HOUR DRINKS:
Double Dry Hopped Double Mosaic by Daydream Other Half Brewing Co. Brian gave it a 4 out of 5
Clase Azul Reposado on the rocks
Read more about John: www.assuredpartners.com/ or at bhi365.com/
Learn more about RiversEdge Advisors
Connect with Brian Carney on Instagram: @riversedgeadvisors_llc
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