In this episode, Jay Tobey shares his journey as an entrepreneur and his experience in the addiction recovery business. He focuses on helping individuals from the lower socioeconomic class who struggle to access rehab facilities. The drug rehab facility has 38 beds and offers residential and outpatient services. Jay Tobey initially invested as a passive investor but became more involved in the day-to-day management and eventually acquired a majority stake in the business. The biggest challenge he faced was dealing with Medicaid reimbursements and managing clients with substance abuse and mental health issues. Jay Tobey advises aspiring entrepreneurs to gain industry experience and understand supply and demand before starting a business.
