Ep. 06 - Buyers Beware – Lessons from the Trail and the Balance Sheet

15/07/2025 32 min
Ep. 06 - Buyers Beware – Lessons from the Trail and the Balance Sheet

Listen "Ep. 06 - Buyers Beware – Lessons from the Trail and the Balance Sheet"

Episode Synopsis

In this insightful and entertaining episode of Mind Your Biz, Mitch reflects on the humbling life lessons he learned while mountain climbing and whitewater rafting—moments that taught him he wasn’t “all that” and shaped how he approaches business today. Broadcasting from Colorado, Mitch kicks things off with two high-stakes adventure stories before diving deep into the real estate side of marina ownership.From understanding the nuances of the balance sheet to navigating depreciation schedules, prepaid rents, and capital expenditures, Mitch breaks down the essentials of buying right and avoiding emotional decisions. Whether you’re acquiring your first asset or scaling a portfolio, this episode is packed with wisdom, real-world examples, and a touch of humor.Plus, hear what’s coming next as Mitch hints at bringing on expert guests to broaden the discussion.Key Topics:The "Buyers Beware" mindsetBalance sheets vs. P&Ls in marina acquisitionsDepreciation strategies for docks and infrastructureEmotional decision-making pitfallsLessons from Kilimanjaro and the Russell Fork RiverListen now and mind your biz like a pro—minus the torn meniscus.

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