Think Big, Buy Small

Searching Where Few Have Searched Before

Aug 5, 2024
In this engaging discussion, Alexander Wallace, a New Zealand native who recently returned home after years in the U.S., shares his quest to find a profitable small business to acquire. He reveals his motivations for leaving a stable job, the unique opportunities in New Zealand's market, and his strategic focus on geographic searches in less competitive areas. Alexander also dives into self-funding advantages and the potential of roll-up strategies while contemplating the challenges and excitement of entrepreneurship.
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ANECDOTE

Alexander's Background

  • Alexander Wallace grew up on a New Zealand sheep and beef farm.
  • He later moved to the US for college and a career in finance before returning to New Zealand to search for a business to acquire.
INSIGHT

Risk of Not Taking a Bet

  • Leaving a stable job for entrepreneurship involves considering career passions.
  • Weigh the risks and rewards, focusing on potential gains rather than just avoiding losses.
ADVICE

Self-Funding a Search

  • Consider self-funding a search if you have savings and want more flexibility.
  • Self-funding allows for smaller deals and avoids being beholden to investors.
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