How does micro-business ownership translate to a search?

searcher profile

August 18, 2022

by a searcher from Georgia Institute of Technology in Fitzgerald, Georgia 31750, EE. UU.

Hey everyone, I'm new to the search world and am actively applying to business school, with the intent of launching a traditional search during/immediately following school.

I've been successful in organizing and running several very small (<$1M sales), very "normal" businesses in my hometown, and these experiences have been instrumental in leading me to pursue the search fund path. I'm currently a full-time management consultant at a boutique but run an event space (e.g., wedding receptions, class reunions, etc.) and a neighborhood bar on the side.

I'm curious if any successful searchers in this community have been serial "micro-entrepreneurs" and whether/how these experiences impacted the success of their venture. My hypothesis is that the experience itself may help secure funding, but I'm uncertain whether the highly tactical nature of my involvement in these businesses won't actually matter in the setting of a larger business (i.e., the size targeted with a traditional search path).

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commentor profile
Reply by a searcher
from New York University in Larchmont, NY, USA
John, I don't think there is a one-size fits all strategy to funding. Investors have their own reasons why they will or won't make an investment. I don't think that being a serial entrepreneur will be an automatic no for any of them, but that does not mean it will increase the probability of investment either (sorry). Finding capital is just another form of sales. Lots of networking, emailing, calling, etc.
commentor profile
Reply by an investor
from Wake Forest University in Dallas, TX, USA
John - as an investor, I like seeing a searcher who has real experience working in a small business… especially when they have been managing the tactical portions of the organization. I think the important piece for you will be to demonstrate the ability to get out of the day-to-day and strategically run and scale a business. Good luck with your search!
commentor profile
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