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HomeEntrepreneurTMBA 648: What can entrepreneurs learn from PE firms and vice versa?

TMBA 648: What can entrepreneurs learn from PE firms and vice versa?


Podcast 56:25 | download | Spotify| stapler | iTunes | Comment

Today’s show challenges self-reliant entrepreneurs to think about the lessons they can learn from the high-income private equity business, especially regarding structured forward planning and accounting. But it also covers what private equity firms can learn from the other side of the track.

This week’s guest is Jason Long, a valued member of the DC community. He’s been known to share the highs and lows of his long-term experience starting an agency, building a software-as-a-service business, and most recently accepting the job of a “turnover CEO” of a private equity group.

He talks to Dan about why the devastating impact of the 2008 financial crisis on his agency led him to diversify his portfolio, and the pros and cons of that decision. Plus, why working with millions of private equity firms enhances his experience as a leader and entrepreneur:

“It’s a team from CEO to CEO, leader to leader, and they fail them again and again…so when I came in, I said, ‘I’m not going to fire anyone’. . I introduced a lot of ways to ensure transparency from the top all the way down to the frontline staff.. So everyone felt like they knew where the company was going. I felt it had a huge impact on trust”.

Listen to this week’s show and learn:

  • How the 2008 Crash Affects Jason’s Future Business Strategy 5’45”
  • Having a good distribution channel is very important 11’05”
  • Becoming the CEO of a PE investment firm taught Jason 30 minutes and 29 seconds”
  • Mastering the Power of Detailed Financial Forecasting 36’51”

Mentioned in the episode:

Before Export – Our New Book
cooperate with us
dynamite ring
Dynamite work
Post remote work
Dynamite Deals
Tropical MBA on YouTube
Dynamite Jobs – Remote Jobs Sales Page
Jason Long
Tangent Solutions
JH Media Group
calendar bridge
Gino Wickman’s Traction
Peter Murphy Lewis

Like this podcast? Check out these:

TMBA543: Entrepreneurial Leap
TMBA383: Brent Beshore and the 50 Year Private Equity Plan
TMBA619: Does your business need an “operating system”?

Hearing Options:

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or click here Sent to the top of the page where the live player is located.

Have an opinion on the show?

Do you have any ideas for Dan and Ian to discuss in future episodes?

Our producer Jane would love to hear from you [email protected] Or leave us a message using the record button below.

Thanks for listening to our show! We’ll be back next Thursday at 8AM EST.

cheers,

dan and ian


full transcript


(Transcript will be released soon)

(Transcript will be released soon)



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