The text discusses an acquisition method known as search funds, which was previously unfamiliar to the author until a subscriber mentioned it. The author expresses skepticism about this model, highlighting concerns that potential acquirers and investors should note. The concept involves an entrepreneur, known as the 'searcher', gathering investors to finance the acquisition of a company while also paying the entrepreneur during their search.

The author disapproves of the searcher’s approach to seeking funding as it may lead to ineffective procrastination. Instead of focusing on vital business tasks, an entrepreneur might spend excessive time on unproductive activities, such as perfecting a logo. The text argues that seeking remuneration to find a company can hinder the actual goal of identifying and acquiring a business, thus suggesting entrepreneurs must be fully committed to their projects without a backup plan.

The article discusses the dangers of operating within a comfort zone by advocating the necessity of a firm intention to proceed with business acquisition. The author compares this commitment to explorers burning their ships to avoid retreating, emphasizing that a half-hearted approach could lead to inferior outcomes. The text criticizes the idea of wanting security through remuneration, asserting that true entrepreneurship requires a leap of faith without safety nets.

The complications tied to search funds are addressed, illustrating how such projects can become overly intricate and inefficient. The author shares an example of someone who invested significant time and resources without a successful outcome after almost two years of searching. This complexity can lead to stagnation and highlights the importance of keeping acquisition strategies straightforward and manageable to ensure progress.

In concluding thoughts, the author advises against delving into overly complex projects and encourages simplicity in initial entrepreneurial endeavors. A more streamlined approach aligns closely with personal strengths and leads to quicker results. He suggests pursuing acquisition strategies parallel to finding projects, without needing prior funding. Ultimately, the author invites readers to consider their perspectives on search funds and offers an opportunity to learn more through an online conference.

Reference: https://www.hilluty.com/comment-reprendre-une-entreprise/search-fund-attention-danger/