Owner vs CEO: 2 Approaches to Buying a Business

Derek Turner has done both a traditional search fund and self-funded. We hear both stories & explore the differences. Topics in Derek’s interview:The advantages of a geographically-focused searchHis method for pitching business owners doing cold outreachChallenges within the laser van businessBeing a good soldier vs being a suckerThe downside of growthThe perils of buying from unpleasant ownersHow the company grew with no marketingHiring a GM to run the businessWhy have a board with a self-funded acquisitionWhy self-funded search feels different than traditional search fundsLinks and how to contact Derek:TwitterLinkedInRoll-a-ShieldDerek’s Twitter thread “When does a ‘good soldier’ become a ‘sucker’?”Derek’s thread on traditional search (being a CEO) vs. self-funded search (being an owner)With SIG, you can buy your own business and retain majority ownership:Search Investment GroupGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter