Partner vs business owner
Would you rather be a managing partner at a BBIB/MF or would you rather be a business owner in an industry of your choice where the business does 400m-600m in revenue and 15% margins. Explain why
Bump
Low / sustainable leverage and 15% ebitda margin with high cash conversion and I have a supermajority controlling stake and it's a private business would be the ideal situation
Having your own company and products in the world is incredibly satisfying, nothing beats it!
Why would anyone not want to be the owner of a $60-90m EBITDA business lol? I would be only attending my CEOs quarterly board updates on Zoom from St. Barths (camera off & muted)
Some people are prestige whores, And froth at the idea of being managing partner at one of the biggest banks in the world
I'm friends with a bunch of guys with EBITDA over $50m and none are checked out. The pressure is always there and you know deep down that if you check out like that, the business will fail because nobody can bring the founder level urgency and level of commitment to the business like the founder can.
As a business owner you have unlimited income potential and complete freedom. Granted you wear a lot of hats in some roles, but you can do what you want. Who wouldn't want that?
This is such a dumb comparison, anyone above the age of 30 who's remotely rational would pick the business owner in industry of choice
Prestige means absolutely nothing LT, though most people in finance take some years to recognize that
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