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Buying a Business with Search Funds: A Beginner’s Guide

Search funds look deceptively simple on the surface. A small group of investors backs an entrepreneur to find, buy, and run a single company. In practice, the model is part apprenticeship, part capital formation, part controlled risk. If you have the grit to run a small to midsize company and the judgment to buy well, a search fund can be your bridge from operator-in-waiting to owner-CEO. I have worked with searchers who became steady, quiet millionaires and others who s

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