Anyone here have experience buying a business / running a family business / search fund operators / LMM PE guys I can connect with? Have been playing around with a thesis of straight up buying a business (<$1mm in EBITDA) and operating it right out of undergrad. Only reason why I don't think this sounds crazy is that I believe many of these businesses just need simple operational improvements.
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I’m all for younger people pursing such ventures but I’d highly highly highly suggest getting at least two years of real work experience under your belt before you do this. Commanding every facet of a workplace without ever seeing see how a professional team jives, being able to appropriate the best traits of their manager, seeing how processes are made and evolved, and how conflict is resolved could prove disastrous. Especially because all your employees will have 0 reason to trust you. This applies to family business too— completely anecdotally, people who came into the family business with real experience turn out better than those who join right after college, their first and only boss ever being their dad. That being said, while working this other job, take the time to explore Industries and business you’d like to be involved with. Network with local businessmen and search fund entrepreneurs. Read every book you can. Read the Stanford Search fund guide
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