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- Issue 123 Why Become an Equity Scout
Issue 123 Why Become an Equity Scout
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Title: Becoming an Equity Scout: Your Pathway to the Buy-Sell Industry
In the dynamic landscape of business and finance, being an Equity Scout could be your stepping-stone into the buy-sell industry. If you're intrigued by the process of buying, building, and selling businesses, the Equity Scout program is a superb launchpad for your career in private equity.
What is an Equity Scout?
Let's start with the basics. An Equity Scout is similar to a broker-in-training program. This role is designed to create an accessible pathway into our team and to be a part of our process as we build, buy, and sell. The core idea is to provide interested individuals with a practical way to gain exposure to the buy-sell industry.
This program evolved from our initial venture scout model, which involved scouting deals for our portfolio in exchange for a fee. However, we redefined and simplified the model to be more inclusive, creating an entry point for anyone eager to learn about the industry.
To become an Equity Scout, you need to complete our Buy-Sell Bootcamp, which is part of our bootstrapper community. The boot camp is designed to walk you through the buy-sell journey in detail, providing a valuable foundation for understanding the ins and outs of the process.
How to Become an Equity Scout?
Becoming an Equity Scout involves a few straightforward steps. After completing the Buy-Sell Bootcamp, you can set up a referral or ambassador page as an Equity Scout. Your task then becomes referring individuals to our community and newsletter, both of which are 100% free.
The goal is to get 30 new individuals to join our community. This target isn't arbitrary; it's a solid indicator of your commitment and effort. By meeting this goal, you demonstrate your drive to succeed in this industry, thereby earning your seat at our table. This model was designed intentionally to foster meritocracy, moving away from the traditional pay-to-play method.
Once you have achieved 30 successful referrals, you can then interview for a role with SimpleBroker.io, our business brokerage. The interview process involves multiple stages and, if successful, leads to extensive training as a business broker.
Benefits of Being an Equity Scout
Beyond the potential to become a business broker, being an Equity Scout comes with additional benefits. For instance, you'll have access to exclusive networking opportunities, including in-person events in cities like New York.
Moreover, the referral process is gamified, making it a fun and rewarding journey. As you refer more individuals and reach certain milestones, you earn various rewards, creating an exciting and engaging process.
Understanding the Role of a Business Broker
You might be wondering, what is a business broker? In essence, a business broker is to businesses what a real estate agent is to homes.
As a business broker, you're involved in the buying and selling process of businesses without the financial risk or accountability. At the same time, you get to earn money in the form of commissions for advisory services and transactions.
For aspiring investorpreneurs, being a business broker can provide supplementary income while allowing you to learn the industry. Eventually, the role can even transition into a primary career, opening up the potential for owning a business.
Conclusion
To sum up, becoming an Equity Scout is a flexible, low-commitment way to gain entry into the buy-sell industry. Itโs an opportunity to grow your network, learn the trade, and possibly embark on a new career journey as a business broker.
If youโre motivated to break into this space, you can get started by activating your referral dashboard, making your referrals, and working towards your goal of 30 successful referrals. Earn rewards, reach milestones, and most importantly, seize the opportunity to learn and grow in the build-buy-sell industry. It's an exciting path ahead, and we're eager to have you on board. Don't wait any longer; dive into your journey as an Equity Scout today!
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๐Investopreneur Community Corner
Jenn Nevarez
Bio
Customer Experience consultant with over 13 years of experience specializing in helping startups create a develop a scalable foundation for their customer experience
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