When did you make the jump into searchfunding?

by a searcher from Indiana University at Bloomington

3 years ago

I am a new post-MBA investment banker, but the itch for searchfunding that I developed in business school is increasingly hard to ignore. The 'rational' part of me says stick with my current path for###-###-#### months to pay down debt, learn some skills and build connections.

Any thoughts on your personal experience with leaving a full time job to go search full time?

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searcher

I made the jump into searchfunding through Walker Deibel the author of "Buy Then Build". His insights into acquiring a business are extremely helpful and within the book he mentioned search funder. After I read that, I almost immediately looked searchfunder up and found out the massive value that it had to offer. I am so glad to be a part of this community and look forward to acquiring a business by December 10, 2020. Thank you.

3 years ago | like reply | 2 likes

searcher from Rutgers, The State University of New Jersey

I became interested in acquiring a small business after learning about Brent Beshore (Permanent Equity) on a podcast. The journey of buying a business, making it your own and earning a great return is what attracted me. However I underestimated how tough it is to actually acquire a business, especially on the smaller end (100k-400k of EBITA). Many of these SMB's do not keep good books, which makes it extremely hard to verify. Additionally, many small businesses are just a job, not really an investment. Meaning the owner does all the work/is the business, there's no management structure.

Like anything that has the prospects of good returns, the journey is going to be tough. If finding a small business (operating a search fund) were easy, the potential returns would be a lot smaller.

3 years ago | like reply | 0 likes

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