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91 - 3 Rollup Mistakes That Will Cost You Millions with Steve Wiesner
Manage episode 453207959 series 3591759
Innehåll tillhandahållet av Nikolas Hulewsky. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Nikolas Hulewsky eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
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Join me, Nik (https://x.com/CoFoundersNik), as I talk with Steve Wiesner (https://x.com/SteveWiesnerSMB), who spent 20 years in investment banking and private equity before diving headfirst into entrepreneurship. Now the owner of Watershed Associates, a top negotiations training company, Steve shares his journey from high-stakes finance to the challenges and rewards of running his own business. We cover smart acquisitions, why private equity roll-ups can be risky, and the mindset shifts required to succeed as an entrepreneur. Steve's experience in finance, coupled with his insights into buying and scaling businesses, offers a wealth of knowledge for anyone considering their first entrepreneurial leap.
Questions this Episode Answers:
- How do you transition from investment banking to starting your own business?
- What are the key risks involved in private equity roll-ups?
- How can acquisitions be used effectively to grow a business?
- What mindset shifts are needed for those leaving corporate finance for entrepreneurship?
- What lessons can be learned from working with Fortune 100 companies?
Enjoy the conversation!
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This week we covered:
00:00 Highlights & Introduction
02:48 From Investment Banking to Entrepreneurship
06:09 Understanding Private Equity and Its Structure
08:57 The Role of Leverage in Private Equity
11:51 Transitioning to Fundless Sponsorship
15:13 The Journey into Negotiation Training
18:04 Exploring the Roll-Up Strategy in Private Equity
20:58 Challenges and Risks of Roll-Ups
23:49 Integration Challenges in Acquisitions
27:05 The Importance of a Solid Playbook
29:57 Market Dynamics and Fragmentation
32:48 Recurring Revenue and Its Significance
36:07 Final Thoughts on Entrepreneurship and Growth
110 episoder
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