Think Big, Buy Small Acquisition Versus Working For Someone Else
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Jul 8, 2024 Business school graduates Ari and Allan discuss the choice between buying a business or working for someone else post-MBA. They compare leadership, risk, and career aspirations, as well as funding options and geographic preferences. Insights into self-funding challenges, autonomy in entrepreneurship, and the CEO role are shared, highlighting the benefits of owning a business and navigating the decision-making process.
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Army Autonomy Felt Greater Than Banking
- Alan found more autonomy in Army leadership than in a summer in investment banking.
- He described 'mission command' that pushes decision making down to the leader on the ground.
Trade Geography For Industry Breadth
- If you constrain geography, widen your industry openness to keep the target pool large.
- Conversely, if you constrain industry, expand geographic scope to preserve deal flow.
Seeking Blue-Collar, Crew-Led Businesses
- Ari prefers blue-collar 'technician in a truck' businesses because they're similar to leading Army platoons.
- He feels comfortable supervising crews and likes recurring, essential-service economics.