Has anyone successfully executed a Search while still employed?

searcher profile

August 07, 2019

by a searcher from Harvard University - Harvard Business School in Denver, CO, USA

26
31
490
Replies
31
commentor profile
Reply by an investor
from Illinois Institute of Technology in Pasadena, CA, USA
I was full time employed while looking for my first company. Given the travel, work load and of course, the risk of not closing a deal, I hired a small intermediary (i-bank) to conduct searches based on my criteria. Took about 4 months of them contacting companies (those were not "for sale"). .They ultimately brought about 30 prospects to me for evaluation. I ultimately bought one..

However, one mistake that I made was leaving the job when the LOI was signed. I didn't realize at the time the fact that not all deals close. This was in the early '80's.

Tom Korzenecki

Principal Managing Director
Grand Avenue Capital Partners, LLC
Investment Bankers###-###-#### Member FINRA SIPC
Pasadena, California USA
###-###-#### direct
www.gacpllc.com
redacted redacted
commentor profile
Reply by an investor
from University of California, Berkeley in Moorestown, NJ 08057, USA
I tried for many years and it just didn't work for me. You need to be very available during working hours to meet with target companies, brokers, river guides, bankers, etc. If you want to transition seamlessly from working a professional job to entrepreneurship and avoid the risk of losing your pay/benefits/job security (and believe me, it is hard!), give serious consideration to franchising. That's more like interviewing for a job, as the process is highly structured, and franchisors are used to working with people who are currently employed. If you find the right franchise and don't mind the more structured work environment, you can build multiple units and even buy existing units and create yourself a platform play.
commentor profile
+29 more replies.
Join the discussion