Can you look for deals while working your day job full time?

professional profile

July 31, 2023

by a professional from University of Toronto in Toronto, ON, Canada

Is there anyone on here who has had experience successfully looking for deals while working full time? Is this possible to do? What are some of the most efficient methods that you would recommend using to deal source part time?

3
20
225
Replies
20
commentor profile
Reply by a searcher
in Jaipur, Rajasthan, India
It's certainly possible to look for deals while working a full-time job, but it can be challenging. The key lies in efficient time management and the strategic allocation of tasks.

One efficient method many have found successful is leveraging automation and outsourcing wherever possible. For example, you could outsource tasks like building an email list, initial outreach, and filtering out potential deals.

I run a full-service digital marketing agency, and we offer Virtual Assistant services that many searchers have found useful. They've been able to save time, fast-track their search, and focus on the tasks that need their expertise while we handle the rest.

You don't have to do everything yourself. You can offload tasks that consume your time without contributing much value, allowing you to effectively search for deals while keeping up with your day job.

If you want to discuss this more or understand how exactly we help, feel free to send me an email at redacted

Remember, it's not about having time; it's about making time. And sometimes, making time means delegating tasks to those who can handle them efficiently. Good luck on your journey ^redacted‌!
commentor profile
Reply by a searcher
from University of Pennsylvania in Seattle, WA, USA
It is possible but much harder. Some considerations: Does your job allow the flexibility to take last minute calls, lunches, meetings? Is your comp so high that the opportunity cost of searching full time is not feasible? Are you willing to trade the lower likelihood of finding a deal for more stability during the search? Are you willing to pay a higher multiple - most of the on-market stuff you will find is going to be on the higher end of the EBITDA multiples that often are quoted? Can you quit your job on short notice if you find the right deal? When would you think about leaving your job (post LOI, during diligence, - deals still fall apart)? Are you willing to spend your weekends and evenings analyzing deals? Are you willing to pay for buy side advisors/finders fees? Do you have committed investors that don't mind that you aren't 'all in'? Recognize you will be limited on what you can share while employed - not being able to blast your wider network, posting on LinkedIn, is definitely a challenge.

This is the route that I took but in all honesty, it has been harder than I expected and in talking to advisors and mentors, it is not a very successful route for most people. With that said, it does work for some folks.
commentor profile
+18 more replies.
Join the discussion