Becoming the CEO of a search fund company will undoubtedly be one of the most challenging experiences in your career. Everybody Struggles. And it's not hard to see why: you'll be asked to solve problems you've never faced before, with more at stake and a lot less time. How do you hire (and fire) effectively? How do you manage your board? How do you grow your business? How do you lead during a crisis? Your success as a search fund CEO depends, in large part, on your ability to recognize when you need help and your willingness to ask for it. The right support matters.
The Five Jobs of The Successful CEO
In our combined decades of experience as operators and advisors to search fund CEOs, we've found there are five main "jobs" that successful CEOs do well:
How Pacific Lake's Value Creation Team Helps
Our Value Creation Team is here to help you excel in these five areas through focused resources and tools, dedicated programming, and 1:1 engagements with experts. From the moment you step into the CEO seat, you'll have access to Compass, an online repository of Pacific Lake authored and recommended materials, primers and guides to help you navigate the day to day challenges of running your business. You'll be able to leverage our "starter kits", aimed at getting you off the ground and running as quickly as possible.
Our First 100 Days program led by former search fund CEO Chris Hendriksen will provide regular check-ins with our team as you begin to find your groove, helping you think through everything from What will I say to my new team on day 1? to What are my top priorities for the first 100 days? From there, you'll benefit from specialized support programs such as our Early CEO Summit, where we host a small cohort of search fund CEOs at similar stages in their journey, our High Performance Growth Organization Summit, where you'll learn how to build a growth engine, or our Pricing Bootcamp, where you'll discover how to spot and take advantage of pricing opportunities in your market. Along the way, we're on hand with dedicated Hiring Support to help you find and attract the talent you need to scale your organization to the next level.
We're here to help
No matter where you are in your CEO journey, whether you're hiring game-changing talent, thinking through implementation challenges, negotiating a key customer contract or simply trying to figure out where to begin, we're here to help. Learn more about our perspective on the journey of a search fund CEO here, get to know us a little better here, or reach out to us here. We're here to help!
"The amount of time Pacific Lake has spent understanding our business is a true testament to the partnership mindset Pacific Lake has when it comes to their entrepreneurs" - Luka Salamunic, CEO Triyam