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Minding Your Business #49 – Demystifying Private Equity


By Andrew Connors

In this engaging episode of the Minding Your Business Newsletter, Fairport Wealth Advisor Andrew Connors sits down with Cheryl Strom, a partner at The Riverside Company with over $3 billion in private equity transactions, to demystify the world of private equity. Together, Andrew and Cheryl delve into the misconceptions, emotional aspects, and the true value that private equity can bring to small and medium-sized businesses. Cheryl shares her insights on how private equity can provide the necessary resources to help companies reach their ultimate potential, the importance of due diligence, and the strategic improvements that can be achieved over a five to seven-year period. Don’t miss this opportunity to gain valuable knowledge and understand how private equity could be a game-changer for your business.

Click the thumbnail above to watch the video, or download the transcript.

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Additional Resources for Business Owners

Entrepreneurs Corner/EOS

Maximizing Business Value: The Role of Team Health

Simon Sinek famously stated, “A team is not a group of people who work together. A team is a group of people who trust each other.” But what can trust say about the culture of your organization, especially when it comes to the health of your team? The essence of trust in team dynamics underwrites successful collaboration and drives the productivity of high-performing organizations. Robust team health is not merely about facilitating smoother daily operations – it has the power to impact a business’s overall market value, especially during critical phases, such as ownership transitions, and mergers and acquisitions (M&A).

Read More.


Middle Market Corner

Indemnification: What Exactly Is a Seller Responsible for When Selling Its Business?

Although every seller would like to sell its business “as is” and walk away from any liabilities, few deals get done that way. Instead, subject to negotiated limitations, most buyers expect the seller to be responsible, and make the buyer whole, for certain liabilities relating to the seller’s previous ownership—a concept M&A professionals refer to as indemnification.

Read More.


Family Business Corner

Cleveland Deal Activity: Upcoming Rate Cuts Could Spark Q4 M&A Activity

As the M&A market approaches the final quarter of 2024, dealmakers are actively pursuing opportunities to ensure a strong finish to the year. With the constant volatility of the M&A market, predicting future trends remains an immense challenge. However, news surrounding rate cuts from the Fed might give dealmakers some reasons for optimism as the year draws to a close.

Read More.


Wealth Management Corner

Making Estate Planning More Tax Efficient And Equitable For Beneficiaries By NOT Just Splitting The Assets Evenly

Traditionally, people tend to think of their estate as comprising one big ‘pot’ of assets, focusing on the sum of all the assets rather than on each individual asset itself. Consequently, when in estate planning, thinking about how to divide their assets after their death, they often aim to simply apportion the whole pot among their beneficiaries, without regard to the nature of each individual asset. Although the ‘one big pot’ mindset might be the simplest approach to estate distribution, it may not be the one that results in the most wealth being passed down or the most equitable distribution of assets between each beneficiary. 

Read More.


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