The following is adapted from The Exit-Strategy Playbook. Most entrepreneurs I have encountered in my career tend to be on the conservative side when it comes to spending money. They don’t like to rent buildings, for example; they prefer to own. In fact, over the past...
The following is adapted from The Private Equity Playbook. There are strategies in the way private equity is used to help you grow your business. Virtually every company owned by private equity focuses on three levers of growth that can be used to increase shareholder...
The following is an excerpt from The Private Equity Playbook. For those of you who have obtained your MBA, you may have heard the term blue ocean, first coined by Professors W. Chan Kim and Renée Mauborgne in their 2005 book Blue Ocean Strategy: How to Create...
The following is adapted from The Private Equity Playbook. You’ve built a business over many years and have finally decided you’d like to sell your company. You speak to trusted friends and personal advisors about how you should go about doing this (perhaps your...
The following is adapted from The Private Equity Playbook. Let’s start with the concept of a mutual fund. A mutual fund aggregates money from a variety of investors and pools that money together. A fund manager decides what stocks to buy with the money. The funds have...
The following is adapted from The Private Equity Playbook. When it comes to consultants, my personal opinion has changed dramatically over the last two decades. As a young guy, I used to joke with a bit of arrogance: “If you can’t do, teach or consult.” Since then,...
