Hot take: you can work and search at the same time.

professional profile

May 25, 2024

by a professional from The University of Texas at Austin - Red McCombs School of Business in Austin, TX, USA

I ran YOLO Accounting while searching. And owners of SMBs buy businesses while running their business.

The question isn't if you can, it's how you can.

Most people do search as a solo sport.

Search is way more effective as a team sport.

The following story isn't about me, it's an example of what's possible with the right mindset.

I have a team of up to 7 intern analysts, systems, processes, team culture, team leads, etc. set up so my search was running like a machine. And one person from my YOLO Accounting team was working part-time on the search team.

Now we have a search machine that's ready for the next deal & others have asked for my team to execute this search.

Even if you're just doing one acquisition, building a machine gets better results than going at it solo. It also gives you time to do other things (like consulting, having a life or relaxing from deal stress) while still looking at more deals than other searchers.

I'm curious, what was valuable in this? I want to dial in my content to be even more helpful.

1
4
108
Replies
4
commentor profile
Reply by a professional
from University of Southern California in North Palm Beach, FL, USA
Lots of searchers successfully do it while employed, and it is much easier looking for businesses near the searcher's location. The key is for the searcher to have positioned himself/herself to be highly marketable to owners and sources of referral to sellers.
commentor profile
Reply by a searcher
from Southern Methodist University in St. Louis, MO, USA
Couldn’t imagine having a job if looking at businesses all across the county. But if looking within a very specific area then kind of foolish not to maintain a job in my opinion.
commentor profile
+2 more replies.
Join the discussion