Description

Brent Beshore is the CEO and founder of Permanent Equity, a private equity fund uniquely focused on the long-term.

In this episode, we dive into Brent’s journey into private equity, the value of operational experience as an investor, the diligence process, leadership, and the importance of long-term relationships and compounding.

Enjoy our conversation with Brent Beshore.

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Links:

The Investipal Podcast is produced by ⁠⁠⁠www.investipal.co⁠⁠⁠. Past guests include ⁠Peter Lazaroff⁠, ⁠Douglas Boneparth⁠, ⁠Jamie Hopkins⁠, ⁠Tyrone Ross⁠ and many more.

Follow us on LinkedIn: ⁠www.linkedin.com/company/investipal⁠⁠⁠ | ⁠⁠⁠www.linkedin.com/in/cameronhowe/⁠; Twitter: ⁠www.twitter.com/camhowe16⁠ | ⁠www.twitter.com/investipal⁠; Tiktok: ⁠www.tiktok.com/@camhowe16⁠ | ⁠www.tiktok.com/@investipal⁠; or Instagram: ⁠www.instagram.com/investipal/

Find Brent Beshore at:

https://www.linkedin.com/in/brentbeshore/

https://twitter.com/BrentBeshore

https://www.permanentequity.com/

https://www.permanentequity.com/content/how-to-acquire-your-first-smaller-company

https://www.capitalcamp.com/

https://www.mainstreetsummit.com/

Other links mentioned:

https://www.giantworldwide.com/

https://www.amazon.com/100X-Leader-How-People-Follow/dp/1119519442

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Key Takeaways

• Operational Experience: Having hands-on operational experience can be incredibly valuable when running a private equity fund. It helps you understand the challenges your portfolio companies face and make informed decisions that support their long-term success.
• Long-Term Relationships and Healthy Cultures: Building strong, long-term relationships and fostering a healthy organizational culture are essential for any business's success. These elements are key to sustainable growth and stability.
• Buying a Small Business: When you're considering purchasing a small business, it's important to evaluate your constraints, leverage your expertise, and mitigate risks. Being practical about your skills and resources can help you identify the right opportunities.
• Understanding Personality Types and Communication Styles: Understanding different personality types and communication styles is crucial for effective leadership. This insight can enhance team dynamics and improve decision-making processes.
• Assuming Risks in Small Business Investing: Investing in small businesses involves taking calculated risks and ensuring you're properly compensated for them. It's all about evaluating these risks and making strategic investment decisions that align with your goals.

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Timestamps

00:00 Introduction and Background
03:07 The Value of Operational Experience in Private Equity
09:09 Building Long-Term Relationships and Healthy Cultures
17:37 Advice for Buying Small Businesses
27:31 Understanding Personality Types for Effective Leadership
31:13 Assuming Risks and Being Properly Compensated in Small Business Investing