I'm curious if anyone has experience hiring an operator to install in a business from the beginning. This feels risky to me, but I suppose it's done fairly regularly given the growth of independent sponsors. Wondering what the community's experience has been here.
Some context: My plan has been to find a local Austin business because we're rooted here and can't up and move (wife works, we have a kid, and grandparents live down the street). A very interesting business near my hometown on the east coast just came across my desk and I'm considering making an offer. The business can support an additional ~$100-200k in payroll if there are no major setbacks.
I hired a fantastic CEO to run the business I founded and that's going well, but the idea of hiring someone to take over a business I haven't spent the past few years running feels like a totally different proposition. Any guidance, warnings, Etc from the group?
Experience hiring an operator?
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by a searcher from Liberty University
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