Kelley Powell shares principles to help business owners prepare to partner with private equity.
KEY TAKEAWAYS
1. Think about a “reverse due diligence”—a look at your business from an outside perspective.
2. Value alignment is unbelievably important. If you do not have this with those you partner with, it can be gut-wrenching, so define your “non-negotiables”—those values that undergird who you are and that you actively live out.
3. Self-reflection – on the type of people who you want in your business and who you want to partner with – is vital.
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