In 2019, Dan Schweber left a healthcare consulting job for a startup, aiming to start his own business. Enrolling in Columbia's executive MBA program, he identified a potential app for physical therapy exercises but faced doubts about execution and funding. Discovering search funds, an approach allowing acquisition of existing businesses, transformed his plans. By believing in this model, Schweber transitioned smoothly into entrepreneurship. Now, at 36, he leads a 60-plus-person company, fulfilling his aspiration to dictate his professional direction and impact the industry.
The core idea behind search funds is to acquire existing businesses rather than starting new ones from scratch, allowing entrepreneurs to manage established operations.
Schweber narrowed down his startup ideas to an app for physical therapy exercises, stemming from personal experience with outdated methods during treatment.
The daunting prospect of starting a business, combined with student loan pressures, made Schweber reconsider the traditional entrepreneurial route.
After discovering search funds, Schweber realized he had found a feasible path to entrepreneurship that matched his ambition and capabilities.
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