A lot of lower middle market business entrepreneurs aren’t new to the game. In fact, many begin to look at a lower middle market business after working in the corporate world or owning another small business themselves. This means they are bringing a lot of experience with them, but that doesn’t mean that it’s a painless venture. Much of the struggle in starting a new small business is transitioning to such a new territory, no matter how long you have been working in the lower middle market.
Changing professional paths can be daunting for a few reasons. For one, if you are used to doing things a certain way, that goes much deeper into your psyche than just keeping a schedule. Muscle memory kicks in after years of working with and operating under a certain style and sector of the lower middle market, and even if you are starting a similar business, change can shake things ups more than most are comfortable with. It is important for business owners transitioning from one project to another to bring experience with them, not expectations. There, of course, are a number of things you learn working in a business, but things will never go the same way with two different businesses. That’s where your experience can sometimes be a downfall. As long as you know the difference between lessons learned and long-held beliefs that may shift come a change of professional position.
It’s also crucial to make sure to know what practices to bring along with you. The scary change to a brand-new sector of the lower middle market can make it tempting to lean on the goals and values you held at your last business, but every team is different, and so is every new venture. Depending on your employees, location, and field of work, certain financial goals and policies on technology or travel might not work at your new business. The crucial mistake many make is becoming too deeply rooted in old ideas that you miss out on great new ones.
No matter the level you are at in your new business, corporate advising is one of the many sectors in which SA Capital Partners specializes to help you transition from one lower middle market project to another. Even if you are in a business now and looking to either grow, merge, or sell, the experts at SA Capital Partners knows the lower middle market well enough to help you transition smoothly to your next successful project.
About SA Capital Partners:
SA Capital Partners is an innovative financial services firm that specializes in mergers & acquisitions advisory and capital raising for lower middle market businesses. We aspire to give all the tools necessary to complete any transaction. SA Capital Partner’s financial services industry specialists provide comprehensive, integrated solutions to banking transactions. Our breadth of services and industry knowledge allow us to understand each client’s unique business needs. Our goal is to make all financial services available to every small business.