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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 search His method for pitching business owners doing cold outreach Challenges within the laser van business Being a good soldier vs being a sucker The downside of growth The perils of buying from unpleasant owners How the company grew with no marketing Hiring a GM to run the business Why have a board with a self-funded acquisition Why self-funded search feels different than traditional search funds Links and how to contact Derek: Twitter LinkedIn Roll-a-Shield Derek’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 channel Connect with host Will Smith on LinkedIn Follow Will on Twitter