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Innova Local

6 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement May 27, 2025 by Chris Schwab · said 5 times in 1 episodes since 2025 · across every show →

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brought up most by Andrew Gazdecki (5)

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Everything said about Innova Local, oldest first

May 27, 2025
Disclosure
Schwab will use exit proceeds for all-cash land purchase in Japan
“The intent for a few months now has been to take the money from the business sale and invest it into a cash buy of the land instead of a mortgage.”
Chris Schwab May 27, 2025 ▶ 32:29 From Side Hustle to Clean Exit in 30 Days
May 27, 2025 neutral
Insight
Schwab: Remote office managers cannot typically handle more than two accounts
“When you're an office manager for a company, you get to know the owners and the teams and the clients, right? So if you're doing that for more than two accounts, it's just too much for one person to manage typically.”
Chris Schwab May 27, 2025 ▶ 9:21 From Side Hustle to Clean Exit in 30 Days
May 27, 2025
Assertion Not checkable as stated
Schwab signed LOI to sell Innova Local after three weeks
“Such that after just about three weeks, we'd signed an LOI together.”
Chris Schwab May 27, 2025 ▶ 22:02 From Side Hustle to Clean Exit in 30 Days
May 27, 2025
Assertion Not checkable as stated
Schwab closed Innova Local acquisition under 30 days after LOI
“In reality, after the LOI, we closed in less than 30 days, but we, our timelines had matched up very well.”
Chris Schwab May 27, 2025 ▶ 23:31 From Side Hustle to Clean Exit in 30 Days
May 27, 2025 positive
Assertion Not checkable as stated
Innova Local buyer previously scaled IT staffing agencies to $20M-$40M
“So he'd had the experience of taking a company from my current size. To 20, 30, forty million a year. So he'd actually had very specific industry experience of doing this just in the IT industry instead of in the virtual assistant agency world.”
Chris Schwab May 27, 2025 ▶ 20:30 From Side Hustle to Clean Exit in 30 Days
May 27, 2025 neutral
Assertion Not checkable as stated
Schwab spent just four to eight hours weekly running Innova Local
“I typically spend four to eight hours a week running the business.”
Chris Schwab May 27, 2025 ▶ 9:59 From Side Hustle to Clean Exit in 30 Days
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