Welcome to another episode of Invest & Scale! In today’s conversation, we sit down with Jimmy Rousey, a seasoned entrepreneur and a mentor to many in the world of business acquisitions. From humble beginnings in a small town, Jimmy’s story is one of grit, faith-driven leadership, and a passion for growth—both financially and spiritually. We explore his decades-spanning journey alongside visionary partners, the lessons learned from both triumphs and failures, and why strong, values-aligned partnerships are crucial in business. Jimmy also opens up about the principles that guide his decisions, his unique approach to mentorship, and the inspiration behind his book, “Call to Care,” which challenges us to integrate faith, purpose, and generosity into every investment and entrepreneurial pursuit. Whether you’re an acquisition entrepreneur, investor, or seeking purpose-driven business insights, this episode delivers wisdom you won’t want to miss.
00:00 Defining the triple bottom line
06:32 First time acquiring a business
08:38 Building a diverse investment portfolio
11:59 Navigating SBA loan programs
16:11 Partnering on investment deals
18:34 Discussing startup execution challenges
20:30 Being bold and handling setbacks
25:49 The importance of earning respect
27:07 Unexpected impact of book sales
31:18 Defining personal financial contentment
35:00 Prison ministry and giving hope
38:43 Honoring God in Business Ventures
40:24 Integrating Faith with Business Vision
43:47 God’s role in business success
1. Early Career and Banking
– Jimmy grew up in a small town, skipped college, and pursued real estate and auctioneering before meeting Jess Correll. He joined First Southern National Bank when it held $21M in assets; it later grew to $1.2B.
2. Culture and Faith
– He realized all assets belonged to God, donated 10% of pre‑tax earnings to a foundation, and embraced the triple bottom line. The bank thrived even after his retirement.
3. Mentorship
– Jimmy distinguishes workplace mentorship from deeper faith‑based mentoring. Guided by Jess Correll and others, he continues mentoring students and prison ministry participants.
4. Acquisition Mindset
– Inspired by entrepreneurial banking initiatives, he bought and turned around troubled banks, expanded into royalties, land, oil, and equities, and stressed the importance of strong partners.
5. Partnership Lessons
– Success included a $7.5M investment sold for $120M. Failures became education. He identifies four partner types and emphasizes vetting and spending time with them.
6. Debt and Lending
– Jimmy advocates financial stability, avoiding excessive debt, and quick repayment of SBA 7A loans. Compass Financial principles guided borrowers toward healthier outcomes.
7. Deal Structures
– He prefers equal capital plus industry knowledge partnerships, is cautious with sweat equity, and notes differences between venture risk and acquisitions.
8. Startups vs. Existing Businesses
– His track record: 0 for 13 in startups. Execution and distribution matter more than ideas; superior products failed without strong distribution.
9. Faith in Business
– Prayer and Christian principles were integrated voluntarily. Employees ran support funds, Compass classes, and generosity initiatives in a non‑coercive environment.
10. Call to Care
– Encouraged by his wife, Jimmy authored Call to Care, a framework for growing people professionally, emotionally, and spiritually. CARE stands for Calling, Attitude, Respect, Excellence. He shares humility about failures and family traditions teaching generosity.
11. Growth and Legacy
– He redefines growth by asking “how much is enough?” and focuses on giving rather than accumulating. Conferences on generosity reinforced contentment. His legacy centers on love and spiritual encouragement for family.
12. Hope and Encouragement
– Mentorship is rooted in hope. Prison ministry examples show transformation. Encouragement is a powerful investment in others.
13. Advice for Entrepreneurs
– Integrate faith, mission, and business. Avoid money‑only focus; honor God in ventures. Transforming business culture post‑acquisition shows perseverance leads to success.
14. Closing Thoughts
– Jimmy advises: get facts, ask questions, avoid emotional decisions, and pray. Keep God central in business. The episode closes with thanks and encouragement.