Think Big, Buy Small The Self-Funded Journey From Searcher To Seller
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Jun 24, 2024 Geoff Duckworth shares his self-funded journey from searcher to seller, discussing why he chose entrepreneurship, how he acquired and financed a business, and the challenges and insights of business ownership. Topics include equipment maintenance, product quality, transitioning to seller, and navigating the complexities of entrepreneurship.
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From Engineer to Acquisition Entrepreneur
- Jeff Duckworth transitioned from aerospace engineer to consultant before discovering entrepreneurship through acquisition (ETA).
- He sought to escape extensive travel and found ETA as a viable path after reading the Harvard Business Review guide.
Part-Time Searching Can Work
- Searching part-time while working is very challenging and uncommon, but possible with a geographically focused search.
- Prioritize brokers and marketed deals in your search to optimize limited time and resources.
Generalist Advantage in ETA
- Being a generalist helps in acquisition because you can learn basic industry operations quickly.
- Consulting experience across industries builds confidence to manage businesses in unfamiliar sectors.