Search fund and self-funded searchers often acquire a business alone, without a partner or a team already in place. That's a real strategic difference from a PE-backed buyer — and it means the leadership bench has to be built from a standing start, deliberately and in order.
Not every gap needs to be filled at once, and trying to fill them all in the first 90 days usually means none of them get filled well. A workable sequence starts with whichever function poses the most immediate operational risk if the operator is stretched too thin — often finance and controller-level support, since cash visibility problems compound fast in a newly acquired business. The second hire typically covers whatever function the deal thesis depends on most heavily — sales leadership if the plan is growth-led, operations if it's margin-led. A third hire, usually 6 to 12 months in, rounds out whichever gap has become clearest by then.
The most common misstep is underestimating how much time recruiting itself takes away from running the business. A search that the operator tries to run entirely alone, on top of a full operating role, often stretches to 4 to 6 months and produces a smaller candidate pool than a more structured process would.
The second misstep is hiring for cultural comfort over capability — bringing on someone who feels easy to work with rather than someone who closes a real gap. In a small leadership team, one weak hire has an outsized effect on everything else.
Solo operators who build their bench deliberately — one hire at a time, matched to the business's actual risk points — end up with a stronger team faster than those who wait for an obvious moment that never quite arrives.
This guide is part of NaviTrust's Resources collection — practical hiring insight for search fund entrepreneurs and buyer groups. Building your bench as a solo operator?
Get in touch with NaviTrust →