Think Big, Buy Small Questions and Answers with Rick and Royce
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Apr 21, 2025 Rick and Royce tackle intriguing questions from aspiring entrepreneurs on acquiring businesses. They discuss key traits of successful acquisition entrepreneurs and whether these can be taught. The conversation dives into the pros and cons of franchises versus standalone businesses, highlighting strategic considerations. They explore crucial financial modeling techniques and address common due diligence pitfalls. Additionally, the hosts share their thoughts on utilizing AI in business acquisition and offer a sneak peek into what's coming next season!
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Reluctant Podcaster Turns Advocate
- Rick Rubeck was initially reluctant to join the podcast but now appreciates it as a great outreach tool.
- They use the podcast to extend knowledge of search funds beyond Harvard Business School and their book audience.
Undergraduate Path to ETA
- Undergraduates interested in ETA should gain 5-8 years of relevant work experience to be ready to lead.
- Diversify roles to build management and financial skills before becoming a CEO.
Build Your ETA Network Early
- Build a network in the ETA community by attending open business school conferences and interning with searchers.
- These activities help gain experience and become known within the search community.