Podcast Episode Description:

In this episode of The Inside BS Show, we bring you a captivating live session from the Exit Success Lab featuring Dave Lorenzo and Harry Cendrowski as they demystify the process of selling a business to private equity. Taken from a dynamic presentation for our ESL members, this episode is packed with actionable insights for business owners and advisors alike.

Dave and Harry discuss the nuances of private equity transactions, from understanding fund structures and life cycles to maximizing business value through strategic preparation. They highlight the advantages of private equity deals, including the potential for significant wealth accumulation through secondary transactions. With real-world examples, industry anecdotes, and expert advice, they provide a clear roadmap for preparing businesses for sale.

Whether you're a business owner considering an exit or an advisor helping clients navigate the private equity landscape, this episode will equip you with the knowledge to make smarter decisions and achieve better outcomes.

Key Takeaways:

• The importance of preparing a business for sale over 18-24 months.
• How private equity funds operate and what they look for in platform and add-on acquisitions.
• The critical role of enterprise value drivers and the benefits of rolling equity into secondary transactions.
• Strategies for navigating unsolicited offers and leveraging competitive auctions.

Tune in to learn why selling to private equity is a marketing exercise and how Exit Success Lab empowers business owners to maximize their options and outcomes.

Maximizing Customer Lifetime Value: Strategies to Grow Your Business

This episode of our show is taken from actual sessions we've conducted in Exit Success Lab with business owners and the professionals who advise them. If you'd like to be a part of these sessions and increase the value of your business, apply for membership by calling: 1+786.436.1986.

In this episode of The Inside BS Show, we dive deep into the concept of Customer Lifetime Value (CLV) and why it’s critical for scaling your business. Understanding CLV helps you make smarter decisions about how much to spend on customer acquisition, ensuring that you break even within the first year.

We also explore how customer segmentation can unlock higher returns. Learn how targeting high-value customers with tailored acquisition strategies can significantly boost your business.

But that’s not all—relationship-building is essential for increasing CLV. We cover the three powerful communication principles you can use to build lasting customer loyalty:
- Primacy: How to introduce new ideas effectively.
- Recency: The power of repetition in your messaging.
- Emotional Resonance: Why personal connections matter.

Finally, discover how becoming a trusted advisor and expert in your niche will give you a competitive edge. We’ll share actionable insights on how to conduct research, ask the right questions, and demonstrate expertise to gain access to your ideal clients.

Don't miss out on this episode packed with practical strategies to increase your customer lifetime value and grow your business!

The Ten Big Mistakes Business Owners Make with Financial Management

This episode of our show is taken from actual sessions we've conducted in Exit Success Lab with business owners and the professionals who advise them. If you'd like to be a part of these sessions and increase the value of your business, apply for membership by calling: 1+786.436.1986.

In this insightful episode of The Inside BS Show, hosts Nicola Gelormino and Dave Lorenzo sit down with financial management experts Harry Cendrowski and John Alfonsi to discuss the ten most common mistakes business owners make when managing their finances.

From investing too heavily in new ventures after a sale to neglecting personal financial planning, Harry and John dive into real-world examples that every business owner should hear. Learn how to avoid these pitfalls and set your business up for long-term success.

Key mistakes discussed include:
1. Over-investing proceeds from a business sale.
2. Lack of an exit strategy.
3. Failure to reinvest in the core business.
4. Impulsive spending without ROI analysis.
5. Poor preparation and document organization.
6. Not maintaining a budget.
7. Failure to benchmark performance.
8. Not incentivizing key employees.
9. Ignoring recurring revenue and employee retention.
10. Lack of personal financial planning.

Whether you're a business owner, advisor, or entrepreneur, this episode is packed with valuable insights to help you better manage your business finances and achieve sustainable growth.