Ideal Professional Backgrounds to Operate an SMB?

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June 03, 2022

by a searcher from Western University in Toronto, ON, Canada

Within the Search Fund community there is a clear bias towards ex finance/consulting folks.

I've always thought finance and consulting backgrounds are great for the acquisition portion of search but have wondering if there was an ideal professional background outside of these 2 areas to help operate and grow the day to day?

Wondering if there are any success stories in search from those who come from Sales/Tech/Ops/Etc

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Reply by a searcher
from Hofstra University in New York, NY, USA
Finance people are great for the acquisition aspects as they've likely spent their career working in an advisory capacity.

I would focus on hiring experts within the target industry that can advise your company based on their experiences.

I also believe that the finance mindset and entrepreneurial mindset are often different. An individual who can think like both is rare.
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Reply by a searcher
from Georgia State University in Boston, MA, USA
I have heard people be interviewed on acquiring mind podcast that have bought a business with backgrounds in tech and/or sales.
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