Best path to transaction experience without a traditional background?

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February 09, 2026

by a searcher from Southern Utah University - School of Business in Columbus, OH, USA

I studied finance for two years, left university to avoid debt, and moved into commission-only life insurance sales, finishing at the top of my FMO’s leaderboard. I later worked in commercial printing, helping European dealers source and acquire multi-million-dollar equipment in the U.S. I’m now trying to find the best way to gain hands-on transaction experience and learn from people who have executed deals before. I’m open to junior roles and a pay cut if there’s real learning involved. If you were in my position, where would you focus? Thank you.
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Reply by a searcher
from Stephen F. Austin State University in Portland, OR, USA
Moritz, I assume your question is in regards to acquire a business for yourself and you want to learn the process, but not sure where to start. I also presume that you have already read "Buy then Build" by Walker Deibel. If not, that may be step 1. Then be willing to reach out to owners who are actively selling their businesses. Sign NDAs to get access to their historical financial data. You will learn a great deal about each business by really understanding how the money flows through their system. For me, this process changed the kind of business I was most interested in buying. Knowing what problems I enjoyed solving and the types of problems different businesses face, completely changed the type of business I wanted to buy. Also, tell everyone you run into that you are looking to buy a business. I received so much help and information from everyone in my network. This community was great too. I was invited to join a small group from this community, and that was super helpful as everyone bounced thoughts and ideas off of each other. Once you start, you will be surprised how big the community is and how helpful they can be on your journey. Hope this helps and feel free to ask any questions. Best Roger
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Reply by a searcher
from Vanderbilt University in Dallas, TX, USA
I’d recommend doing the online CM&AA course. I’m pretty sure you can audit it as a student. It’s geared towards investment bankers, but I think the contents pretty good from a search standpoint. At the end of the day, there’s nothing like experience, and you can get that in a lot of ways: corporate development, consulting, PE, or just trying to put a deal together. There are a ton of people on here that can help you with that, but what you really need to understand is the deal process IMO.
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