41 - The Argument for Self-Funded Search
Today's conversation is with two self-funded searchers, Jordan Carter and Robert Graham.
Jordan and Robert independently acquired and now operate their companies, and later partnered together to form Search Investment Group.
Search Investment Group, or SIG, works with self-funded searchers as both advisor and investor.
We spend a lot of time comparing and contrasting the different types of search: specifically, self-funded search with investors, versus traditional search funds, versus kind of the BizBuySell searcher looking to buy a smaller business without working with investors at all.
Now, they are proponents of the self-funded search, so you're going to hear that perspective.
But for me, it was a very educational discussion that, if nothing else, should make clear to you that if you've decided you want to buy a business, you need to carefully choose the style of search you want to conduct.
Buying a business is a life decision, and the type of search you undertake sets you on a particular path for the duration of your ownership of the company you acquire.
I don't expect this to be my last conversation with Jordan and Robert or others about the pros and cons of the different styles of search.
And another good Acquiring Minds episode to listen to related to this was the recent November 1st interview with Chris Williams, who acquired a company earlier this year, and he explains in the interview how his search path evolved from more of a traditional search to a self-funded SBA-style search.
All right, here are Jordan Carter and Robert Graham of Search Investment Group.
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