What do you wish you had learned before launching?

by a searcher from The University of North Carolina at Chapel Hill - Kenan-Flagler Business School

5 years ago

If there was one thing you had wish you had learned or studied before launching your search - what is it?

39 likes
319 views
12 comments

professional from University of Southern California

Learn how to do it before trying to do it.

5 years ago | like reply | 0 likes

searcher from University of Pennsylvania - The Wharton School

1) Know your own strengths and weaknesses - look to partner with those who are strong in areas in which you are weak. If your target business needs functions that aren’t strengths of yours, then ensure the business has the resources (read money) to hire people who can provide those functions.

2) Growth is much harder than it seems... and much more expensive and it will likely take longer than expected (or desired).

3) This doesn’t apply to all situations, but as a buyer you have way more power in the negotiation than you might think.

4) The less existing ownership is doing in the business, the better, because it means systems are in place to run basic functions.

5 years ago | like reply | 5 likes

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

2 Best Ways To Find Motivated Sellers, Off-Market Deals

Thought piece: Proprietary sourcing methods that delivered 2 acquisitions

6-7x for a Self-funded Search Deal?

Examples of self-funded searcher websites

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.