![]() ![]() So essentially what we would do is put down $200 on $1,000 deal. During the next ten years, we moved more out of the investment middleman business and we started acquiring companies. It was during that experience that I really came to understand that God's Word was true and powerful and meaningful, and it was something I ought to be reading every day. And God really taught me a lot of lessons about faith. And the first business we bought was a bank that was in trouble. We bought our first business, so we started moving from being the middleman to actually being a principal. So over the next ten years, I had a terrific run towards the end of that ten year stretch. So I went from making $40,000 a year in the commercial banking business to $10,000 a year for the first three years in the investment banking. The first business I started was actually an investment banking company, where we were the middleman in middle market company trends. You know, my work hours doubled and I took a 75% paycut for the privilege of working twice as large as very interesting. So I'm just a big fan of mentors and I'll put that plug in right now. So anyway, they step me through this whole process of going into business for myself, and they really did it from a godly perspective, which I will tell you was very powerful. I've not made a major decision over the last 40 years without asking them. I will tell you that those two mentors are still alive. I will tell you that at this time I had two older mentors and I spent a lot of time with them. And when I'm doing my annual personal planning and I went to my wife and I said, Hey, Deb, we've got one year to figure out. And so my 29th birthday rolled around and it was towards year end. And in that I put that I wanted to be an entrepreneur when I was 30. ![]() I think one of the most important things that I have done in my life at the age of 25, I read a book on how to write a personal plan, and I wrote my first personal plan at the age of 25. I went to University of Kansas, got a degree in business, I came out, got in the banking business, and I did that for eight years. I came from a long line of parents and grandparents who started businesses and ran businesses. Pete Ochs: Yes, So I'm a fifth generation entrepreneurs, if you can believe that or not. Businesses that you started early, you get started very early and what those successes and failures look like. ![]() Henry Kaestner: Pete, you call yourself an entrepreneur by birth, and I've heard you say that before, and I'd love for you to just to give our listeners a quick flyover of your early days as an entrepreneur. wherever you are on September 13th, at watch parties and individual streams around the world, head to faith driven entrepreneur live dot org to learn more and register today. That's why this year's faith driven entrepreneur live event looks at how we become free from the idle of control. Most entrepreneurs struggle with this because we so often want to control our circumstances. And today we're hearing from a variety of leaders who are diving in to what it means to be stewards of our businesses, not owners. We've been going through a mini series of sorts where we highlight the 12 traits that marked faith driven entrepreneurs. Rusty Rueff: Hey, friends, and welcome back to the Faith Driven Entrepreneur podcast. ![]()
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