CEO and CFO to run businesses

by a searcher from Louisiana State University - E. J. Ourso College of Business

4 months ago

How do you guys typically go about recruiting CEO and CFOs to run the businesses your small businesses when you are strapped for cash and may not be able to pay them the market salary until a few acquisitions. In addition to this who would be the avatar for the type of person that would be take a deal like that. What is the average salary you offer a fractional CFO/CEO vs full time? What is the vesting schedule that you offer for equity?

Thanks

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15 comments

searcher from Pennsylvania State University

Hi! I have an operations and finance background. Would love to connect to get to know each other and figure out if there are ways for us to team up.

3 months ago | like reply | 0 likes

searcher from University of Southern California

To buy a business, you will need to convince a seller, and presumably an intermediary, that you are the right person to buy and run that business. Unless you are a PE firm or family office, your personal background must be such that the seller sees their legacy living on in your efforts. It makes it more difficult to pitch yourself as the right person for the job if you are simultaneously looking for someone else to take over that job.

I know we are all enamored with the idea of this being a HoldCo situation, but I would imagine that at least the first year or two will be a YouCo situation. Definitely find a business you will be good at running and enjoy the learning process. - JC .

4 months ago | like reply | 2 likes

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