Part-time (employed) search: hedge risk vs. burn the bridge

searcher profile

December 20, 2023

by a searcher from The University of Chicago - Booth School of Business in Santa Cruz, CA, USA

Hi all - I've been focused on a local part-time search over the last few months - and very committed to buy a business. So far it is going well. I have a very flexible remote job and have probably spent 5-10 hours a week on search. I don't see any challenges completing a deal while working, though I am mostly brokered-search with local networking, and may need to pay for some DD services that I might otherwise conduct myself. (or I am naive / optimistic?) The largest risk is just funnel size / TAM, because I am searching a small geo (ideally in my 300K country, but also possibly in nearby 2M metro) so I am prepared for longish search

I've got a top MBA and have had multiple high impact Director level roles, but this most recent year have been a a bit of a BS role (long story). I've enjoyed having extra time for search, but I am running out of runway. 5 months to find a new role or move on.

Option 1: Find a big new important job in the company, prove my value, more $, continue search as feasible
Option 2: Find a boring non-important job in the company, allow more time to focus on search
Option 3: Stay in my job, coast for 6 months, draw a WFR with severance to further fund deal

I think options 2 or 3 are the most logical for maximizing search success, but it challenges my commitment. I have to squash my ego down, and not get frustrated at missed opportunities. Ultimately it's a bet on how likely and soon I will succeed at my goal.

I realize this is very personal decision, but I'd love to hear thoughts and feedback. Thank you!

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