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4 episodes with brent beshore
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Episode 681: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Brent Beshore ( https://x.com/BrentBeshore ) about buying profitable businesses. — Show Notes: (0:00) $50K/yr to 9 figures (6:04) Accidentally buying a $1M business for $0 (11:06) Just In Time learning (14:11) Buying cash flow businesses (20:30) Private equity or index? (24:26) Buffett's near-death experience (32:54) How to buy your first small business (36:02) Brent's one-liner speed run (47:33) Shaan asks Brent how to hire a CEO — Links: • Permanent Equity - https://www.permanentequity.com/ • Enneagram Test - https://enneagramtest.com/ — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it's called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
“Create wealthy, autonomous consumption machines.” That's been described as the end goal of the American dream. Sounds positive at face value. But is it biblical? This week's episode continues our series of breaking down the six ways that Christians can impact culture as presented in our book, “Joyful Outsiders.” Today, we're focusing on builders, or people who build institutions where we live our common life (think: business, healthcare, education, church, etc.). To illustrate, we're talking to Brent Beshore, Founder and President of Permanent Equity, a private equity firm that operates much differently than its counterparts. Brent starts by detailing his own journey and how he went from an atheist to a Christian. He explains how he weaves his faith into business, resisting the urge to create a model that's built on self-reliance. He points out the pitfalls of the American dream, describes his ultimate goal for his businesses, and shares where he allows Christian values to come into play in business settings. Plus, is it a sin to be rich? How can someone know if it's God, or the allure of the American dream, that's calling them to an opportunity? And what advice would he give to people who want to resist the temptation to build their own kingdoms? Listen now! Are you a builder too? Or maybe you're an artist, protester, trainer, builder, advisor, or ambassador? Find out by taking our quick quiz now. "Joyful Outsiders" is available now! Learn more, read a sample chapter, and grab your own copy here. Have you benefitted personally from Truth Over Tribe or seen it have a positive effect on someone you know? have you used the podcast, book, or blog as a catalyst for conversation on polarizing topics? We want to hear about it! Share your story at choosetruthovertribe.com/story. Ok, truth time... Did you like this episode? Tell us by leaving a rating or review!
My guest today is Brent Beshore, he is the founder and CEO of Permanent Equity, a private equity firm that uses 30-year funds to invest in and partner with companies that care what happens next. He is the author of a wonderful book: The Messy Marketplace, Selling Your Business in a World of Imperfect Buyers. Summary In this conversation, Brent Beshore, founder and CEO of Permanent Equity, discusses his unique approach to private equity, emphasizing long-term ownership and the importance of understanding the businesses he acquires. He shares insights from his upbringing, his journey into investing, and the reasons why business owners choose to sell. Brent highlights the significance of customer loyalty and the characteristics of ideal businesses, while also addressing the challenges of running a small business. In this conversation, Brent Beshore discusses the complexities of buying and selling businesses, emphasizing the human elements involved in transactions. He explores the chaos often present in small businesses, the reasons owners choose to sell, and the importance of treating people with care and respect. Beshore also highlights the significance of long-term perspectives in business, the challenges faced post-sale, and how success is redefined through a focus on flourishing and healing rather than mere financial outcomes. Podcast Program – Disclosure Statement Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
This episode is brought to you by Oberle Risk Strategies: Insurance Broker and Insurance Due Diligence Provider for Search Funds and Other Small-to-Medium-Sized Businesses * Want to know what it's like to work with me as an investor? Check out our testimonials page here. * Back by popular demand today, for his second tour of duty on the podcast, is Brent Beshore. Brent is the Founder and CEO of Permanent Equity, a private investment firm that invests in Founder-owned small to medium sized businesses. Beyond his commercial acumen, one of the things that I most admire about Brent is how he takes a deeply personal approach to his work, utilizing tools and frameworks from disciplines like philosophy, psychology, and religion to inform how he thinks about conducting himself both personally and professionally. This is one of the reasons why a seemingly black and white conversation about investing went into domains like fear of failure, the source of our identities, and why young professionals ought to demonstrate more vulnerability, among other topics. My first conversation with Brent, published in November of 2022, was one of our most highly rated episodes, and something tells me that this one might even top it.
Join me, Nik (https://x.com/CoFoundersNik), as I talk with Mark Brooks (https://x.com/markbrooks), the Managing Director of Permanent Equity, a unique investment fund founded by Brent Beshore. With 16 businesses and 900 employees, Permanent Equity uses a 30-year fund model and focuses on debt-free acquisitions, which goes against the grain in private equity. We discuss how they identify unique metrics for each business, incentivize operators without using EBITDA, and manage post-sale relationships. Questions this Episode Answers:What is Permanent Equity's unique 30-year fund model?Why does Permanent Equity pursue debt-free acquisitions?How do they identify key metrics for each business?Why don't they incentivize operators based on EBITDA?How do they approach post-sale seller relationships?___________________________
Our guest is BRENT BESHORE, founder and CEO of Permanent Equity, a buy and hold value based private equtiy firm based in Columbia, MO. Brent is a thought leader in the private equity and investment space, is the best-selling author of The Messy Marketplace, and helped start Captial Camp, one of the most influential global gatherings of finance and investment leaders, and Main Street Summit, both held in Columbia, MO. We discuss weight loss, fitness, leadership, why pride is devastating, long range private equity, living a redemptive life, the power of excellence and much more. Make sure to visit http://h3leadership.com to access the list and all the show notes. Thanks again to our partners for this episode: CHURCH.Tech – a powerful AI platform created by pastors with over 85 years of combined experience. Visit http://church.tech. Helping you prioritize ethical AI use and providing effective AI tools to streamline ministry tasks. In minutes, you can create and refine your sermon outline, develop small group study guides, prepare devotionals, and generate social media content. CHURCH.Tech lets your message reach further and is safe and responsible. Ready to save time? Visit http://CHURCH.Tech to learn more. And OPERATION CHRISTMAS CHILD – Join in on the Christmas shoebox campaign this fall! Operation Christmas Child has been reaching millions of children each year with the good news of Jesus Christ through simple shoebox gifts. Get involved at http://samaritanspurse.org/OCC. Even in the hardest to reach places of the world, churches are being planted and communities are transformed. You can pack a shoebox this year and reach a child with the good news of Jesus. National Collection Week is November 18-25. Build your shoebox and find everything you need to get started by visiting http://samaritanspurse.org/OCC.
We sat down for a fascinating conversation with Permanent Equity Founder and CEO, Brent Beshore. Brent is a pioneer in the micro private equity space so we loved picking his brain on how/why he created PE's unique model, their risks/competition, how he finds businesses, and where he sees the private equity industry heading over the next 10 years. Key Takeaways [00:17] - Getting to know Brent Beshore [05:10] - Who is Permanent Equity and why is their model so unique? [10:23] - What's the one flaw in their model and how do they use leverage? [15:57] - PE's product lines and value-add pitch to business [20:27] - What does competition look like today? [26:02] - What types of businesses are searching to sell to private equity? [31:24] - The risks that come with transactions/transitions [39:15] - What happens after the 30-year time horizon? [46:39] - How Brent sees the next 10 years View Transcript Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.
Special guest Brent Beshore, Founder and CEO of Permanent Equity joins the show. In this episode, we discuss: (00:00:00) - Intro (00:01:26) - Brent's background and career (00:02:39) - “All businesses are loosely functioning disasters” (00:08:00) - How do you know which disasters to tackle and which to let play out? (00:10:30) - How Permanent Equity is different from traditional PE (00:17:54) - Distributions (00:19:34) - Sponsor: Utility Profit (00:23:21) - What kinds of businesses are you looking for at Permanent Equity? (00:34:29) - Have you ever looked at buying a residential property management business? (00:39:57) - Sponsor: Property Meld (00:41:33) - Examining what PE would look like trying to acquire RLPM (00:53:28) - What are some tips for SMB owners to find quality people to grow the business? (00:56:15) - Why do you avoid taking on debt? (01:01:00) - Focusing on being disaster-resistant Learn more & connect with me here: Crane, the private community for property management business owners. My Free PM Newsletter RL Property Management Learn more about Brent Beshore & connect with him here: Permanent Equity Brent on LinkedIn Brent on X The Messy Marketplace by Brent Beshore The content of this podcast is for informational purposes only and does not constitute professional advice. I may have consulting agreements with, or financial interests in, companies mentioned in this podcast. Additionally, some of the links included may be affiliate links, meaning I may earn a commission if you make a purchase through these links. Always perform your own due diligence before making any financial or business decisions.
Givers, Doers, & Thinkers—A Podcast on Philanthropy and Civil Society
Today on Givers, Doers, & Thinkers, Jeremy speaks with Permanent Equity CEO Brent Beshore about what's wrong with private equity, what good organizations have in common, and why small private companies matter. Brent Beshore founded Permanent Equity in 2007 and is the author of The Messy Marketplace: Selling Your Business in a World of Imperfect Buyers. He is originally from Joplin, Missouri, but now lives in Columbia, Missouri, with his wife, Dr. Erica Beshore, and three daughters. What is private equity, and how does it work? Jeremy and Brent delve into the basics before exploring what sets a business apart. Brent unveils Permanent Equity's distinctive investment approach, placing a strong emphasis on employee well-being, stability, and long-term ownership. They then draw parallels between small to mid-size businesses and nonprofits, humorously remarking that most are "loosely functioning disasters." Lastly, Brent underscores the shared traits of successful businesses (and nonprofits): humility and openness to feedback. Interested in joining the Center for Civil Society's "K to Campus: How the Education Reform Movement Can Reshape Higher Ed" conference on October 23-24 in sunny Malibu, CA? Sign up today to receive special early-bird pricing! We'd love to hear your thoughts, ideas, questions, and recommendations for the podcast! You can shoot Katie Janus, GDT's producer, an email anytime!Be sure to follow us on Apple Podcasts, Spotify, and YouTube to make sure you never miss an episode! Center for Civil Society's YouTube Channel
Knowledge Project Key Takeaways Check out the episode pageRead the full notes @ podcastnotes.orgSucceeding in both life and business is very difficult. The skills needed to scale a company often clash with those required to cultivate a thriving home life. Yet, Brent Beshore seems to have cracked the code—or at least he's actively working on it. In this conversation, he spills his secrets on excelling in both arenas. This episode is split into two parts: the first 45 minutes covers life and how to be a better person. Brent opens up about the evolution of his marriage, physical health, and inner life. The rest of the episode focuses on business. Shane and Beshore discuss private equity, how to hire (and when to fire) CEOs, incentives, why debt isn't a good thing in an unpredictable world, stewardship versus ownership, and why personality tests are so important for a functional organization.After beginning his career as an entrepreneur, Brent Beshore founded Permanent Equity in 2007 and leads the firm as CEO. He works with investors and operators to evaluate new investment opportunities. Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/ My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/ Follow me: https://beacons.ai/shaneparrish Join our membership: https://fs.blog/membership/ Sponsors: Shopify: Making commerce better for everyone. https://www.shopify.com/shane Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. https://protekt.com/knowledge (00:00) Intro (05:08) Why Brent examined his life (09:44) How Brent "fixed" his relationships (20:04) How helping hurts (32:13) How Brent was subtly controlling relationships (40:36) Why Brent stopped drinking (mostly) (50:29) How to run a business with love yet competitively (01:00:34) Win-win relationships (01:05:34) On debt (01:19:28) On incentives (01:29:08) How to hire and fire CEOs (01:34:18) What most people miss about hiring (01:44:19) Brent's playbook for taking over a company (01:51:20) On projections (01:55:52) Revisiting investments (01:58:44) How "hands-off" is Brent? (02:08:34) Where people go wrong in private equity (02:14:07) On success
Knowledge Project Key Takeaways Check out the episode pageRead the full notes @ podcastnotes.orgSucceeding in both life and business is very difficult. The skills needed to scale a company often clash with those required to cultivate a thriving home life. Yet, Brent Beshore seems to have cracked the code—or at least he's actively working on it. In this conversation, he spills his secrets on excelling in both arenas. This episode is split into two parts: the first 45 minutes covers life and how to be a better person. Brent opens up about the evolution of his marriage, physical health, and inner life. The rest of the episode focuses on business. Shane and Beshore discuss private equity, how to hire (and when to fire) CEOs, incentives, why debt isn't a good thing in an unpredictable world, stewardship versus ownership, and why personality tests are so important for a functional organization.After beginning his career as an entrepreneur, Brent Beshore founded Permanent Equity in 2007 and leads the firm as CEO. He works with investors and operators to evaluate new investment opportunities. Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/ My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/ Follow me: https://beacons.ai/shaneparrish Join our membership: https://fs.blog/membership/ Sponsors: Shopify: Making commerce better for everyone. https://www.shopify.com/shane Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. https://protekt.com/knowledge (00:00) Intro (05:08) Why Brent examined his life (09:44) How Brent "fixed" his relationships (20:04) How helping hurts (32:13) How Brent was subtly controlling relationships (40:36) Why Brent stopped drinking (mostly) (50:29) How to run a business with love yet competitively (01:00:34) Win-win relationships (01:05:34) On debt (01:19:28) On incentives (01:29:08) How to hire and fire CEOs (01:34:18) What most people miss about hiring (01:44:19) Brent's playbook for taking over a company (01:51:20) On projections (01:55:52) Revisiting investments (01:58:44) How "hands-off" is Brent? (02:08:34) Where people go wrong in private equity (02:14:07) On success
Succeeding in both life and business is very difficult. The skills needed to scale a company often clash with those required to cultivate a thriving home life. Yet, Brent Beshore seems to have cracked the code—or at least he's actively working on it. In this conversation, he spills his secrets on excelling in both arenas. This episode is split into two parts: the first 45 minutes covers life and how to be a better person. Brent opens up about the evolution of his marriage, physical health, and inner life. The rest of the episode focuses on business. Shane and Beshore discuss private equity, how to hire (and when to fire) CEOs, incentives, why debt isn't a good thing in an unpredictable world, stewardship versus ownership, and why personality tests are so important for a functional organization.After beginning his career as an entrepreneur, Brent Beshore founded Permanent Equity in 2007 and leads the firm as CEO. He works with investors and operators to evaluate new investment opportunities. Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/ My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/ Follow me: https://beacons.ai/shaneparrish Join our membership: https://fs.blog/membership/ Sponsors: Shopify: Making commerce better for everyone. https://www.shopify.com/shane Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. https://protekt.com/knowledge (00:00) Intro (05:08) Why Brent examined his life (09:44) How Brent "fixed" his relationships (20:04) How helping hurts (32:13) How Brent was subtly controlling relationships (40:36) Why Brent stopped drinking (mostly) (50:29) How to run a business with love yet competitively (01:00:34) Win-win relationships (01:05:34) On debt (01:19:28) On incentives (01:29:08) How to hire and fire CEOs (01:34:18) What most people miss about hiring (01:44:19) Brent's playbook for taking over a company (01:51:20) On projections (01:55:52) Revisiting investments (01:58:44) How "hands-off" is Brent? (02:08:34) Where people go wrong in private equity (02:14:07) On success
Brent Beshore is the founder and CEO of Permanent Equity, a unique private equity firm that buys cash-generating small and mid-sized businesses— with the intention to hold them indefinitely. Permanent Equity owns over a dozen businesses in diverse sectors including aerospace, building and construction, and martech. On this episode of World of DaaS, Auren and Brent discuss:Secrets to good acquisitionsRunning a PE firm with no leverage and no feesIncentives and efficiency in businessBuilding in Flyover CountyLooking for more tech, data and venture capital intel? Head to WorldofDaaS.com for our podcast, newsletter and events, and follow us on X @WorldOfDaaS. You can find Auren Hoffman on X at @auren and Brent Beshore on X at @BrentBeshore. World of DaaS is brought to you by SafeGraph & Flex Capital. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)
Brent Beshore is a prominent entrepreneur and investor known for his thoughtful approach to private equity through his company, Permanent Equity. Unlike traditional private equity firms, Permanent Equity invests with a long-term, no-exit strategy, focusing on small to medium-sized businesses. Beshore has cultivated a reputation for his deep understanding of company operations, value investing, and a keen eye for sustainable growth opportunities. His unique investment philosophy emphasizes the importance of culture and leadership in driving business success. Beyond his professional endeavors, Brent is a family man, devoted to his wife and children, and is an influential voice in the business community through his active presence on social media and contributions to various business publications. In today's episode, we explore Brent's journey from entrepreneurship to creating a new kind of investment firm and how he balances his professional ambitions with his personal life. Tim Green's "Nothing Left Unsaid" is a weekly podcast hosted by Tim and Troy Green. Tim is a former first round NFL draft pick, member of the College Football Hall of Fame, New York Times #1 Bestselling Author, former Fox broadcaster, NPR contributor, family man, ALS advocate, and so much more. Each week, Tim and Troy will sit down with interesting people to have thoughtful conversations. The guests will range from celebrities, athletes, academics, doctors, authors, and more. As Tim battles his ALS diagnosis, nothing is out of bounds and there will be nothing left unsaid. #NothingLeftUnsaid #TimGreen #podcast SPONSORS ElevenLabs: Thanks to ElevenLabs (https://elevenlabs.io) for supporting this episode and powering Tim's voice. Barclay Damon: Thank you to my law firm, for supporting this episode (https://www.barclaydamon.com). SOCIAL Website: https://tgnlu.com Twitter: https://twitter.com/nlutimgreen Facebook: https://www.facebook.com/TGNothingLeftUnsaid Instagram: https://www.instagram.com/tgnlu TikTok: https://www.tiktok.com/@tgnothingleftunsaid AUDIO ONLY Spotify: https://open.spotify.com/show/5fhcANt7CSnYvgBlgxpVVa Apple Podcasts: https://podcasts.apple.com/us/podcast/nothing-left-unsaid/id1734094890 PERSONAL: Tackle ALS: https://www.tackleals.com Tim Green Books: https://authortimgreen.com
You can follow Brent on X here and find out more about Permanent Equity here. In this conversation, we cover: - why Brent loves finding niches - the hygiene layer of business - what types of questions Brent asks when assessing a business - some examples from Permanent Equity's 15 company portfolio - why an owner moat might be a bad thing Thank you so much for listening, we really appreciate you. If you have found this valuable, please consider leaving us a review as it will help more people find it! Thanks you're awesome! You can find more information and content here. Again, we really appreciate that you would take the time to listen. Hope it was valuable. Let us know if you have any questions! To listen to more episodes, you can find them here. Disclaimer: Under the Investing City umbrella, Infuse Asset Management LP (“Infuse”) is an investment management company to a fund that is in the business of buying and selling securities and other financial instruments. This information is provided for informational purposes only and does not constitute investment advice or an offer or solicitation to buy or sell an interest in a private fund or any other security. An offer or solicitation of an investment in a private fund will only be made to accredited investors pursuant to a private placement memorandum and associated documents. Infuse may change its views about or its investment positions in any of the securities mentioned in this document at any time, for any reason or no reason. Infuse may buy, sell, or otherwise change the form or substance of any of its investments. Infuse disclaims any obligation to notify the market of any such changes. The information in this material is only current as of the date indicated and may be superseded by subsequent market events or for other reasons. Statements concerning financial market trends are based on current market conditions, which will fluctuate. Any statements of opinion constitute only current opinions of Infuse which are subject to change and which Infuse does not undertake to update. Due to, among other things, the volatile nature of the markets, and an investment in the fund/partnership may only be suitable for certain investors. Parties should independently investigate any investment strategy or manager, and should consult with qualified investment, legal and tax professionals before making any investment. The fund is not registered under the investment company act of 1940, as amended, in reliance on an exemption thereunder. Interests in the fund have not been registered under the securities act of 1933, as amended, or the securities laws of any state and are being offered and sold in reliance on exemptions from the registration requirements of said act and laws.
Patrick Donley (@JPatrickDonley) sits down with Brent Beshore, CEO of Permanent Equity, a private equity firm with a long-term holding period of 30 years that invests in family-owned companies. You'll hear about Brent's conversion story and his journey from atheism to faith and how that has affected his life and career. You'll also learn what it was like for him to become more public with his beliefs, the books he recommends to skeptics, what his advice is to people looking to acquire a business, his views on buying vs. starting a business, and so much more! IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro 01:58 - What the daily practice Brent has done that has had the biggest impact on his life. 10:40 - How Brent's conversion story from atheism to faith unfolded. 11:32 - Why his quest for money, success, and power left him feeling empty. 19:00 - How becoming a believer has affected his business life. 30:50 - What it was like becoming more public with his beliefs. 35:45 - What are some books he'd recommend to skeptics. 47:30 - What Brent would recommend to a young person who wants to acquire a business. 47:30 - What his thoughts on SBA loans are. 47:30 - What his thoughts on buying vs. starting a business are. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended book: The One Year Bible. Recommended book: The Case for Christ by Lee Strobel. Recommended book: Giving it All Away..And Getting It Back Again by David Green. Recommended book: Practicing the Way by John Mark Comer. Recommended book: The Spirit of the Disciplines by Dallas Willard. Recommended book: Living Life Backwards by David Gibson. Recommended book: Confronting Christianity by Rebecca McLaughlin. Recommended book: Making Sense of God by Timothy Keller. Recommended book: The Reason for God by Timothy Keller. Check out Brent's episode with Chris Powers. Check out: TIP393: Fundamentals For Private Deals w/ Brent Beshore | YouTube video. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Monarch Money DeleteMe NerdWallet Fundrise Meyka TurboTax Public Connect with Patrick: Twitter Connect with Brent: Website | Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Today's conversation is with Founder Brent Beshore from Permanent Equity. Are you curious about acquiring your first business or need a healthy view of how to earn more money without becoming greedy? How does our view of God impact our relationship to building a business? Why making decisions with a legacy mindset can help your anxious heart? Go to www.permanentequity.com and learn more about the free resources, Brent and his team have put together to help you in life and business. Subscribing to get his EOY updates alone will be worth your time and energy. - Lantz Howard is a business coach and executive leadership guide for faith-driven entrepreneurs. My approach to developing executive leaders integrates the maximization of hope, gaining an outside perspective, devising practical strategies, and implementing measured discipline. This is all done with warm accountability aimed at achieving your desired outcomes. When you are ready to work less, earn more, and get back to what you love in life and business you can contact Lantz at www.lantzhoward.com My goal is your flourishing. Did you find today's conversation useful? Send it to a friend and help spread the message about becoming a wholehearted leader. Get one coaching tip per week at www.lantzhoward.com/podcast
We're baaaack! We're re-launching the podcast and to kick it off, we're replaying some of our most popular episodes. Get ready for weekly episodes! Thank you so much for listening, we really appreciate you. If you have found this valuable, please consider leaving us a review as it will help more people find it! Thanks you're awesome! You can find more information and content by going to these places: Premium Research Website: https://www.investingcity.org YouTube: Investing City Twitter: RyanReeves_ Or feel free to email us at service@investingcity.org Again, we really appreciate that you would take the time to listen. Hope it was valuable. Let us know if you have any questions! To listen to more episodes, you can find them here.
I ran across a tweet today from Brent Beshore on some sales advice that he found a few years ago but remains some of the most valuable advice he's ever seen. After checking it out, I would agree.As Brent said, “If I were a business school professor, I'd have my students memorize it.”In today's podcast, I'm sharing these tips directly with you.Click here to check them out.These should help you not only refine your coaching offer, but sell it better.Hope these help.
Diligence requires a team effort. In Episode 4 of Do Diligence Confidently: Navigating the Due Diligence Process to a Deal, Emily Holdman and Taylor Hall give tips for how to assemble your team internally and how to hire external support from intermediaries and lawyers. THIS PODCAST IS ACCOMPANIED BY MORE DILIGENCE RESOURCES at: https://www.permanentequity.com/diligence CONNECT Want to connect with Permanent Equity? https://www.permanentequity.com/contact Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions Follow founder & CEO Brent Beshore on X https://twitter.com/BrentBeshore Sign up for our newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter Visit https://www.permanentequity.com/for more TIMESTAMPS 0:00 Intro & Assembling Your “League of Gentlemen” 1:10 Who In Your Organization Are You Going to Involve? 1:55 Hiring Outside Advisors 6:28 Advice for Hiring a Lawyer 11:43 Advice for Hiring an Advisor or Intermediary EPISODE CREDITS Produced by David Cover Music by Jees Guy WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT Visit https://www.permanentequity.com/ for more Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions Check out our other podcast episodes here: https://www.permanentequity.com/audio LEGAL DISCLAIMER This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
Due diligence is intense. But it doesn't have to be mysterious or a gotcha game. In Episode 1 of Do Diligence Confidnetly: Navigating the Due Diligence Process to a Deal, Tim Hanson and David Cover share why Permanent Equity has open-sourced their diligence process and introduce some of the topics and resources to help sellers and investors navigate diligence confidently. THIS PODCAST IS ACCOMPANIED BY MORE DILIGENCE RESOURCES at: https://www.permanentequity.com/diligence CONNECT Want to connect with Permanent Equity? https://www.permanentequity.com/contact Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions Follow founder & CEO Brent Beshore on X https://twitter.com/BrentBeshore Sign up for our newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter Visit https://www.permanentequity.com/for more TIMESTAMPS 0:00 Why Open-Source Our Diligence Process? 2:26 We Built a Lot of Diligence Resources at permanentequity.com 3:34 Diligence Doesn't Have to Be That Hard 4:34 Let's Do Diligence Confidently EPISODE CREDITS Produced by David Cover Music by Jees Guy WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT Visit https://www.permanentequity.com/ for more Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions Check out our other podcast episodes here: https://www.permanentequity.com/audio LEGAL DISCLAIMER This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
In Episode 3 of Do Diligence Confidnetly: Navigating the Due Diligence Process to a Deal, Emily Holdman and Tim Hanson explain what the process of entering into a partnership with Permanent Equity looks like from the introductory call to close. THIS PODCAST IS ACCOMPANIED BY MORE DILIGENCE RESOURCES at: https://www.permanentequity.com/diligence CONNECT Listen to the podcast David mentions on “How to Sell A Business in 2023” https://www.permanentequity.com/content/how-to-sell-a-business-in-2023 Want to start a conversation with Permanent Equity? https://www.permanentequity.com/contact Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions Follow founder & CEO Brent Beshore on X https://twitter.com/BrentBeshore Sign up for our newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter Visit https://www.permanentequity.com/ for more TIMESTAMPS 0:00 Intro & Three Olds Talking About New Slang 1:41 Step 1: Information Gathering Conversations 3:30 Step 2: IOI (Indication of Interest Letter) 6:54 Step 3: Site Visit(s) 9:15 Step 4: LOI (Letter of Intent) 10:33 Step 5: Diligence 14:05 Step 6: The Business Deal 15:10 Step 7: Purchase Agreement 18:40 Step 8: Close (The Finish and the Starting Line) 20:22 What's Next? EPISODE CREDITS Produced by David Cover Music by Jees Guy WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT Visit https://www.permanentequity.com/ for more Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions Check out our other podcast episodes here: https://www.permanentequity.com/audio LEGAL DISCLAIMER This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
Due diligence done right is about building relationships while building the deal. In Episode 2 of Do Diligence Confidnetly: Navigating the Due Diligence Process to a Deal, Taylor Hall and Tim Hanson explain to David Cover and Sarah George-Waterfield the purpose of diligence, why Permanent Equity approaches it with a posture of being helpful, and why problems found in diligence don't have to be deal killers. THIS PODCAST IS ACCOMPANIED BY MORE DILIGENCE RESOURCES at: https://www.permanentequity.com/diligence CONNECT Want to start a coversation with Permanent Equity? https://www.permanentequity.com/contact Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions Follow founder & CEO Brent Beshore on X https://twitter.com/BrentBeshore Sign up for our newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter Visit https://www.permanentequity.com/for more TIMESTAMPS 0:00 Intro & What Is Diligence? 4:29 Advice for Navigating the Due Diligence Process to a Deal 6:37 Help Your Buyer Confidenlty Take Risk 7:29 What Kinds of Problems Kill a Deal? 9:54 Why We Don't Play the Gotcha Game 12:31 An Intervention for Taylor's Insanity 14:09 Get Things “Cleaned Up” 17:29 How to Build Trust With Your Buyer 21:23 What Happens When Issues Come Up In Diligence 23:36 Why Diligence Can Feel Overwhelming 26:31 What Would Cause a Deal to Die? 27:54 Our Approach to Diligence 30:03 What's Next? EPISODE CREDITS Produced by David Cover Music by Jees Guy WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT Visit https://www.permanentequity.com/ for more Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions Check out our other podcast episodes here: https://www.permanentequity.com/audio LEGAL DISCLAIMER This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
Emily Holdman and David Cover walk through how to use the Diligence resources found at permanentequity.com and why we hope this project helps more sellers navigate the diligence process confidently. THIS PODCAST IS ACCOMPANIED BY MORE DILIGENCE RESOURCES at: https://www.permanentequity.com/diligence CONNECT Want to connect with Permanent Equity? https://www.permanentequity.com/contact Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions Follow founder & CEO Brent Beshore on X https://twitter.com/BrentBeshore Sign up for our newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter Visit https://www.permanentequity.com/for more TIMESTAMPS 0:00 Most People Will Only Navigate Diligence Once 1:21 Anyone Should Be Able to Navigate Diligence Confidently 2:16 Resources to Help You Diligence Confidently 3:08 The Checklist 4:33 Building Your Diligence Team 5:59 Essays 6:55 Downloadable Interactive PDF 8:09 Do Diligence Confidently EPISODE CREDITS Produced by David Cover Music by Jees Guy WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT Visit https://www.permanentequity.com/ for more Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions Check out our other podcast episodes here: https://www.permanentequity.com/audio LEGAL DISCLAIMER This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
Brent is the founder and CEO of Permanent Equity, a long-term focused private equity firm investing (with no intention of selling) in small to midsize, privately held companies throughout North America. He is also the author of The Messy Marketplace: Selling Your Business in a World of Imperfect Buyers and previously operated several businesses as an entrepreneur. Follow Brent on X @BrentBeshore. [0:16] - How studying poverty in college helped Brent develop a unique investing outlook [3:07] - Brent's takeaways from growing up in Missouri's farmlands under the guidance of his grandmother [6:57] - Gaining wisdom from unplanned career experiences and optimizing for optionality [12:47] - Permanent Equity's long-term private equity model [15:57] - Why Brent has avoided using debt to finance Permanent Equity's investments [19:34] - How Permanent Equity has changed since accepting its first outside capital [22:19] - Breaking down Permanent Equity's operating model [25:11] - How Brent determines whether to reinvest cash flows or make distributions [28:28] - Considering adjacent investments for existing portfolio companies vs. newer, riskier opportunities [33:14] - Discovering and investing in overlooked industries and businesses [40:40] - The benefits of sourcing deals using a team-based approach [45:45] - How Permanent Equity divides work with distinct operating and investing teams [49:46] - Why Brent prefers buying businesses over starting them from scratch For more episodes, go to podofjake.com. Previous guests include Mark Cuban, Vitalik Buterin, Brian Armstrong, Balaji Srinivasan, Keith Rabois, Ali Spagnola, Anthony Pompliano, Raoul Pal, Julia Galef, Jack Butcher, Tim Draper, and over 100 others alike. Learn from founders and CEOs of companies like OpenAI, Coinbase, Solana, Polygon, AngelList, Oura, and Replit, and investors from Founders Fund, a16z, Union Square Ventures, and many more. I appreciate your support and hope you enjoy. Thanks to Chase Devens for the show notes and Yiction for the music. Lastly, I love hearing from fans of the pod. Feel free to email me any time at jake@blogofjake.com. Thank you!
We've interviewed hundreds of investors on this podcast, many of whom claim they're long term investors but they're probably looking at a 5-7 year holding period, not 30 years or more. Brent Beshore puts them all to shame. We loved this conversation where he went over the 14 companies he's invested in - with everything from amusement ride manufacturing to elite matchmaking - he explains what these companies have in common. Want more Equity Mates? Click here. *****In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing Podcast acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. *****Equity Mates Investing Podcast is a product of Equity Mates Media. This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697.Equity Mates is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.
Brent Beshore is the Founder and Chief Executive Officer of Permanent Equity, a Midwestern-based private equity firm. One part of his Twitter bio intrigued me: "Former atheist who now follows Jesus." And in this conversation, we explored why he initially rejected God, his turning point, and where to start with the Bible. Brent's challenge: Take Jesus seriously. 0:00 Intro 1:14 Meeting With Pastor At 14 7:26 Who Are You More Concerned With? 10:55 Turning Point 17:35 Prodigal Son 22:00 Why Does Brent Talk About Jesus? 25:05 2 Types of Love 27:41 “My Life Was Hell Before God” 31:21 Money, Fame, And Power 34:21 What Happens After Death? 38:45 What Does God Look Like? 39:32 Growing Up With Faith? 44:39 Why Study Jesus? 49:03 The Bible Is Real 51:41 Where To Start With Bible? 59:04 Endowment Effect 1:03:21 Slavery 1:06:02 Teachers 1:11:11 Challenge Leaf by Niggle – https://en.wikipedia.org/wiki/Leaf_by_Niggle Brett's Twitter: @BrentBeshore My Links ✉️ Newsletter: https://dannymiranda.substack.com
John Marsh (Marsh Collective, Redemptification Podcast) cares deeply about people. It's behind his obsession with restoring irreplaceable real estate in small towns across the Southeast, helping couples rebuild marriages and lives, and connecting individuals with each other and with work that fulfills them and fits their talents and ambitions. John talks with Brent Beshore about how his deep care for and commitment to people (and the long journey it took to get there) has affected how he thinks about life, relationships, hiring people, planning projects, and building teams. LINKS & MENTIONS FROM THIS EPISODE Watch John & Ash's story https://faithandco.spu.edu/film-detail/beauty-out-of-brokenness-marsh/ Marsh Collective https://www.marshcollective.com/ Redemptification Podcast http://redemptification.com/ CONNECT John on LinkedIn https://www.linkedin.com/in/john-marsh-1576069/ Brent on twitter https://twitter.com/BrentBeshore Brent on LinkedIn https://www.linkedin.com/in/brentbeshore Visit https://www.permanentequity.com/ for more Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions TIMESTAMPS 0:00 Are We About to Get Marshed? 1:39 When Brent Refused to Meet John 4:22 What Is Marsh Collective & Redemptive Real Estate? 12:35 John's Story: Beauty From Brokenness 23:52 Nuclear Waste in the Basement of Your Marriage 41:59 Signs of Healthy Relationships 49:46 We're All Addicts In Some Way 54:06 Tools For Better Relationships 1:08:49 Tools For Better Teams 1:15:59 Belly Flops In Business & Lessons Learned 1:21:18 Living With Joyfulness EPISODE CREDITS Produced by David Cover Additional editing & mastering by Ryan Lipman Interlude music by David Cover, Andy Freeman, Rhett Johnson, & Andrew Luley Outro music by Jees Guy WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT Visit https://www.permanentequity.com/ for more Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions Check out our other podcast episodes here: https://www.permanentequity.com/audio LEGAL DISCLAIMER This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
Brent Beshore runs a PE firm in Columbia Missouri named Permanent Equity with 9 portfolio companies and a current capital base in excess of $300 million. Brent is also a father and also an ex-atheist turned Christ follower.Where To Find Brent Brent's Twitter Brent's LinkedIn Permanent Equity website
Private equity is a fast-paced game. You buy a business and often only have two to five years' worth of investor capital to improve the business before you need to sell it for a profit. This doesn't give you a lot of time to make meaningful improvements and often results in changes that destabilize the business long term. That's why Brent Beshore decided to turn the concept of private equity on its head. Brent is the founder of Permanent Equity, a PE firm that invests in family-held businesses. The twist? Brent has no intention of selling the businesses. Forget two to five years, he works with a 30-year time horizon. He also uses no debt in his acquisitions and takes zero fees or reimbursements. Instead, he splits the cash flow that the business earns, putting his firm, the investors, and the family that owns the business on equal footing. This almost indefinite timeline, and the fact that he doesn't have a debt looming over his head, means Brent has the freedom to grow the businesses sustainably and with everyone's best interests at heart. In this episode, Brent joins us to share his unique take on private equity. He explains how he built his funds with longevity in mind, and why he steered away from the traditional private equity approach to debt. According to Brent, “Buying a business with debt means you have to sacrifice cash flow every month to repay that debt. That gives you less flexibility to reinvest back in the business. Less flexibility to grow. And when things get hard, which they will, it forces you to make decisions that are not in the long-term best interest of the company.” Brent also explains why he has chosen to be industry agnostic, focusing instead on “adolescent businesses” that offer lots of opportunities to make improvements. Finally, Brent shares advice on how entrepreneurs can replicate his success, explaining, “There's a lot of opportunity in the private equity space. But it's gonna be a lot of hard work and a lot of stress. You need to prepare yourself for that and give yourself enough lead time to be choosy. If you're starting from a dead stop, you should give yourself three years of runway full-time to find the right business, buy it, and start to operate it.” If you want to build a portfolio of business but are put off by the traditional private equity model, then Brent's unconventional approach may be just what you are looking for! Topics Discussed in This Episode: Brent shares how he accidentally stumbled into business ownership (02:45) The obstacles Brent faced when acquiring his initial business (09:28) How buying that first business inspired Brent to grow his portfolio (12:13) The story behind Brent's unique fund structure (15:22) The makeup of Brent's business portfolio (20:10) How Brent calculates the value of a business (31:01) Brent's due diligence process (33:51) Why Brent chooses to purchase businesses without debt (36:07) How Brent approaches growing a business after acquisition (39:59) How Brent structured his team to manage such a large portfolio of businesses (43:13) Brent's advice on how entrepreneurs can replicate his success (48:31) Mentions: Empire Flippers Podcast Empire Flippers Marketplace Schedule a call with our expert sales advisors Create an Empire Flippers account Permanent Equity The Messy Marketplace Brent's Twitter Sit back, grab a coffee, and learn how to reap the benefits of private equity without the traditional constraints!
Private equity is a fast-paced game. You buy a business and often only have two to five years' worth of investor capital to improve the business before you need to sell it for a profit. This doesn't give you a lot of time to make meaningful improvements and often results in changes that destabilize the business long term. That's why Brent Beshore decided to turn the concept of private equity on its head. Brent is the founder of Permanent Equity, a PE firm that invests in family-held businesses. The twist? Brent has no intention of selling the businesses. Forget two to five years, he works with a 30-year time horizon. He also uses no debt in his acquisitions and takes zero fees or reimbursements. Instead, he splits the cash flow that the business earns, putting his firm, the investors, and the family that owns the business on equal footing. This almost indefinite timeline, and the fact that he doesn't have a debt looming over his head, means Brent has the freedom to grow the businesses sustainably and with everyone's best interests at heart. In this episode, Brent joins us to share his unique take on private equity. He explains how he built his funds with longevity in mind, and why he steered away from the traditional private equity approach to debt. According to Brent, “Buying a business with debt means you have to sacrifice cash flow every month to repay that debt. That gives you less flexibility to reinvest back in the business. Less flexibility to grow. And when things get hard, which they will, it forces you to make decisions that are not in the long-term best interest of the company.” Brent also explains why he has chosen to be industry agnostic, focusing instead on “adolescent businesses” that offer lots of opportunities to make improvements. Finally, Brent shares advice on how entrepreneurs can replicate his success, explaining, “There's a lot of opportunity in the private equity space. But it's gonna be a lot of hard work and a lot of stress. You need to prepare yourself for that and give yourself enough lead time to be choosy. If you're starting from a dead stop, you should give yourself three years of runway full-time to find the right business, buy it, and start to operate it.” If you want to build a portfolio of business but are put off by the traditional private equity model, then Brent's unconventional approach may be just what you are looking for! Topics Discussed in This Episode: Brent shares how he accidentally stumbled into business ownership (02:45) The obstacles Brent faced when acquiring his initial business (09:28) How buying that first business inspired Brent to grow his portfolio (12:13) The story behind Brent's unique fund structure (15:22) The makeup of Brent's business portfolio (20:10) How Brent calculates the value of a business (31:01) Brent's due diligence process (33:51) Why Brent chooses to purchase businesses without debt (36:07) How Brent approaches growing a business after acquisition (39:59) How Brent structured his team to manage such a large portfolio of businesses (43:13) Brent's advice on how entrepreneurs can replicate his success (48:31) Mentions: Empire Flippers Podcast Empire Flippers Marketplace Schedule a call with our expert sales advisors Create an Empire Flippers account Permanent Equity The Messy Marketplace Brent's Twitter Sit back, grab a coffee, and learn how to reap the benefits of private equity without the traditional constraints!
Most of us know the verse in Genesis where God says it's not good for a person to be alone. But do we let that affect our view of investing?We understand the truth but still find ourselves going through our careers in isolation. We keep our guard up and our heads down. What would it look like to change that narrative? What would happen if we rallied around each other, both personally and professionally? What would that lead to?Brent Beshore and Marcus Stroud join us today to talk about how they've found great joy in building a community of investors and to give practical guidance on how others can do the same.Check it out wherever you get your podcasts and don't forget to review, follow, and share the show with others.Events mentioned in this video:Main Street Summit: https://www.mainstreetsummit.com/
It's executive search…for love. On Episode 6 of Season 2 of Private Equity Deals, Brent Beshore from Permanent Equity describes their purchase of the highest end matchmaking firm in the world. When you think of dating, Tinder, Bumble, Hinge, and Match.com come to mind. Or if you're high profile enough or watch Billions, you might think of Raya. Well alongside the world of app dating, Selective Search has paired up the crème of the crop with an old school approach and 87% success rate for years. Learn about the business and deal by searching for Private Equity Deals on your podcast player. Subscribe on Apple Podcast Subscribe on Spotify Subscribe on YouTube
Brent Beshore is the founder and CEO of Adventur.es, an investment firm that buys small family-owned businesses with the intention of holding them indefinitely. After launching a few businesses out of college, Brent developed a distinct investment strategy and style. Earlier this year, he raised outside capital for the first time in a permanent capital vehicle, and I am a happy investor in the fund. Brent regularly shares his insights on business and investing through his widely distributed letters on his website and commentary on Twitter. And just last week, he released his first book, The Messy Marketplace: Selling Your Business in a World of Imperfect Buyers. It's a fantastic instructional guide that covers everything from emotional expectations to the fine print in documentation. Our conversation covers Brent's childhood interest in business, early mistakes, structural differences in his strategy from traditional private equity, search funds and fundless sponsors, sourcing deals, conducting due diligence, understanding valuation, negotiating, raising a first-time permanent capital vehicle, entering the ranks of professionals, and his new book. Brent is unusually insightful about investing in general and deeply knowledgeable about the niche he occupies. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership
Brent Beshore is the founder and CEO of Permanent Equity, an investor in small, family-owned private businesses it buys with no intention to sell through investment vehicles with 30-year lives. He is well-followed on Twitter and a past guest on Capital Allocators, and that conversation is replayed in the feed. Selective Search is the highest end matchmaking firm in the world. It helps its busy, successful clients find long-term committed relationships. As Brent describes, it conducts executive search for love. Our conversation covers the matchmaking business, deal assessment and dynamics, enhancements during the four years of Permanent Equity's ownership, and future plans. For full show notes, visit the episode webpage here. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership
Claire Hughes Johnson (Google, Stripe) discusses her new book Scaling People: Tactics for Management and Company Building. Claire talks about why she thinks vulnerability is so powerful, the pitfalls of transparency in leadership, how to build systems by building trust, and the difference between management and leadership. LINKS & MENTIONS FROM THIS EPISODE “Scaling People” by Claire Hughes Johnson https://press.stripe.com/scaling-people Read “The Messy Marketplace” by Brent Beshore https://www.amazon.com/Messy-Marketplace-Selling-Business-Imperfect/dp/0998030007/ref=sr_1_1?crid=188DH4FFMN8IX&keywords=messy+marketplace&qid=1682524629&sprefix=messy+mark%2Caps%2C134&sr=8-1 Listen to “The Messy Marketplace” (episode 1 of the Permanent Podcast feed) https://www.permanentequity.com/themessymarketplacepodcast/introduction-a-note-from-the-author Claire mentions “Bury My Heart at Conference Room B” by Stan Slap https://www.amazon.com/Bury-Heart-Conference-Room-Unbeatable/dp/1591843243/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1682524772&sr=8-1 David mentions “Raising Emotionally Strong Boys” by David Thomas https://www.amazon.com/Raising-Emotionally-Strong-David-Thomas/dp/0764240714/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1682524959&sr=8-1 Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter CONNECT Claire on twitter https://twitter.com/chughesjohnson Claire on LinkedIn https://www.linkedin.com/in/claire-hughes-johnson-7058/ Brent on twitter https:/https://twitter.com/BrentBeshore Brent on LinkedIn https://www.linkedin.com/in/brentbeshore Visit https://www.permanentequity.com/ for more Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions TIMESTAMPS 0:00 Intro & Who Is Claire? 2:08 “This One Scales to 11” 4:08 Why Write “Scaling People?” 13:08 One of Claire's Most Pivotal Moments as a Manager 22:12 Transparency: Virtue or Vice? 28:22 The Challenges of Managing PEOPLE 36:38 The Power of Being Vulnerable 46:42 Why Dachshunds Are the Funniest Dogs 51:26 How Have Your Motivations Changed Over Time? 55:36 The Difference Between a Strong Manager and a True Leader 57:55 Why a Business Stays Small 1:06:35 How to Build Kindness Into Company Culture 1:10:45 Who Would You Send This Podcast To? 1:11:52 Legal Disclaimer EPISODE CREDITS Produced by David Cover Additional editing & mastering by Ryan Lipman Intro music by David Cover, Andy Freeman, Rhett Johnson, & Andrew Luley Outro music by Jees Guy WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT Visit https://www.permanentequity.com/ for more Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions Check out our other podcast episodes here: https://www.permanentequity.com/audio LEGAL DISCLAIMER This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
Colin and Brent discuss how Brent Beshore's Permanent Equity built its holding company.Colin" breakdown of Permanent Equity: https://www.colinkeeley.com/blog/bren... Enroll in Colin's "How To Buy a Small Business" Course & Community https://www.indiepe.comGet our SaaS Growth Playbook https://www.indiepe.com/growthSell your SaaS at https://www.vernehq.com
Are you a business owner looking to maximize the value of your business? Do you want to understand how cash flow is critical in business valuation? In this episode of the Franchise Secrets Podcast, host Erik Van Horn and his guest, Luke Andrus, share valuable insights on the multiples approach to business valuation and helpful tips for navigating the complexities of buying or selling a business. Luke is the founder and CEO of Blue Star Investments, a private equity firm based in the United States that focuses on investing in and growing small to mid-sized companies. He also co-owns multiple Anytime Fitness franchises in the United States, which makes him understand firsthand what makes a business valuable to buyers. Whether you're a business owner looking to sell or a buyer interested in acquiring a business, this episode is packed with valuable insights you will want to take advantage of! “No matter how good you are, it's still a gamble. Maybe the location's terrible, you know. I'd rather have a bad product in a great location than a great product in a bad location.” - Luke Andrus In This Episode: - A brief background on Luke, how he became a co-owner of multiple Anytime Fitness franchises, the value he brought to the business, and what sets him apart from other franchisees - The three significant KPIs to monitor in the gym industry and how to monitor reviews - Why it's crucial to teach employees how to solve problems and understand P&L statements - Understanding company valuation using the multiples approach - How do you avoid the usual mistakes sellers make? - Why you should avoid buying into companies where the owner is too involved - How to negotiate the terms of the sale and the benefits to seller and buyer for certain sale agreements - When should you inform your employees that a new owner is taking over the company? - Buying healthy assets vs. distressed assets And more! Resources: - Learn more about Erik's franchisee mastermind here - www.franchisetribe.com - Learn more about Erik's franchisor mastermind here - www.franchisortribe.com - Learn more about Erik's passive investing mastermind here - www.tribeofinvestors.com - Want to buy a franchise? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617 - Want to franchise your business? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617 - The Accidental CEO by Thomas Voccola - https://www.amazon.com/Accidental-CEO-Leaders-Journey-Purpose/dp/1411688570 - Never Split the Difference by Chris Voss and Tahl Raz - https://www.amazon.com/Never-Split-Difference-Negotiating-Depended/dp/0062407805 - The Messy Marketplace by Brent Beshore - https://www.amazon.com/Messy-Marketplace-Selling-Business-Imperfect/dp/0998030007 Connect with Luke Andrus: - Anytime Fitness Website - https://www.anytimefitness.com/ - LinkedIn - https://www.linkedin.com/in/lukeandrus/ Connect with Erik Van Horn: - Website - Instagram - Facebook - Facebook Group - LinkedIn - YouTube - Medium
Brent Beshore is the founder & CEO of Permanent Equity. In this conversation, we talk about the types of businesses that he buys, the structure of the firm, how macro environment plays into investment decisions, operating businesses, nuances behind transactions, family relationships, and balancing the success of businesses in the local environment. ======================= Pomp writes a daily letter to over 200,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/
Brent Beshore talks about the importance of how people experience your brand, your service, and your product in the final installment of 5 Minute Management. LINKS & MENTIONS FROM THIS EPISODE Brent on twitter https:/https://twitter.com/BrentBeshore Brent on LinkedIn https://www.linkedin.com/in/brentbeshore Connect with David on twitter https://twitter.com/DavidACover Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/ Visit https://www.permanentequity.com/ for more Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletters TIMESTAMPS 0:00 Intro 0:22 We Tried Something That Didn't Work 1:41 Thinking About Your Brand 7:47 Legal Disclaimer EPISODE CREDITS Produced by David Cover Intro music by David Cover, Andy Freeman, & Wes White Outro music by Daniele Musto WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT Visit https://www.permanentequity.com/ for more Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions Check out our other podcast episodes here: https://pod.link/1480383949 LEGAL DISCLAIMER This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
Author, leader, thinker, and man of deep care and humility - Brent Beshore shares his story with us this week, and we could not be more grateful to hear his heart. Brent shares, among other things, what it's like to walk through pride and into humility, his opinions on "health bros" and their bad takes on ice baths, and many other lessons he's learned along the way.
Today Greg is joined by Brent Beshore of Permanent Equity. In this episode, you'll learn why you don't need a Finance degree to generate wealth as an investor. ►► Want email updates when new and exclusive episodes come out? It's free to subscribe at http://trwih.com LINKS FOR THIS EPISODE:Brent Beshore: https://www.permanentequity.comhttps://twitter.com/BrentBeshoreGreg Isenberg: https://twitter.com/gregisenbergProduction Team: https://www.bigoceanpodcasting.comFIND US ON SOCIALTwitter: https://twitter.com/_trwihInstagram: https://www.instagram.com/_trwihTikTok: https://www.tiktok.com/@_trwihWeb: https://trwih.comSpotify: https://open.spotify.com/show/6aB0v6amo3a8hgTCjlTlvhApple: https://podcasts.apple.com/us/podcast/where-it-happens/id1593424985SHOW NOTES:0:00 - Intro1:07 - An argument for Annual Letters4:10 - Permanent Equity 10112:22 - Applying the Kaizen Approach 18:25 - How Brent values a business25:58 - When should a founder sell?29:06 - Advice for first-time investors34:23 - How to be a better capital allocator
Permanent Equity has published our 2022 Annual Letter. This conversation with Brent Beshore, Tim Hanson, & Mark Brooks dives deeper into some of the themes and topics explored in the letter: Lessons learned from 15 years of buying and operating small businesses. Read the full letter here: https://www.permanentequity.com/letters Contents: 0:00 Intro 1:25 Do We Feel Adequately Click-Baited? 2:40 Getting Older, Getting Better? 3:32 Biggest Challenges & Crying At Work 6:48 Summarizing 2022 In One Word 9:00 Wisdom Is Learning How Not to Do Something 11:09 How NOT to Buy A Company 14:10 How NOT to Be A Leader 15:50 What Are We Baking? 19:42 Sharing Our Returns 21:27 Investing in Crypto 22:54 Conservatism Vs Volatility 24:13 "Private Equity Makes Me Cringe" 26:11 Mid-Life Crisis? 28:04 Restructuring the Firm, New CIO 30:12 New CFO 32:12 New COO 33:16 Challenges in 2023 34:41 What Will You Write in the Annual Letter in 15 Years? 37:07 Send This to Someone 37:25 New Series Coming
This episode is brought to you by Cayne Crossing. Cayne Crossing helps prospective SMB purchasers with all aspects of financial due diligence, including producing the Quality of Earnings report. I have personally read though, analyzed, and relied upon several of their actual QofE reports in my capacity as an SMB investor, and can personally attest to the quality of the work that they do. Unlike any other QofE provider that I'm aware of, Cayne Crossing also co-invests alongside their buyers, aligning their interests with yours in a way that I simply haven't seen anywhere else. Cayne Crossing is offering a special discount to listeners of In The Trenches: Just go to caynecrossing.com, and scroll down to the “contact form” on their homepage. Enter the offer code “trenches”, and you will get a full $2,000 off of your QofE engagement with them. __________________________ My guest today is Brent Beshore. Brent is Founder and CEO of Permanent Equity, a private investment firm that invests in Founder-owned private companies. Permanent Equity is a (very) long-term investor that typically intends to hold portfolio companies indefinitely, often without the use of any leverage. In addition to his role as an investor, Brent is also a prolific writer: He is a regular contributor to Forbes, and also publishes and releases materials for free on Permanent Equity's website, spanning topics like operating, selling, and investingin SMBs, among others. Brent is also the author of The Messy Marketplace, a book that aims to demystify the process of selling a company. I must say that this conversation was a real pleasure for me to have. Brent is a really thoughtful guy who has a lot of really unique and insightful views on buying, running, and selling SMBs. And, of all the many conversations that I've had recently, this one might cover the most ground: So strap in for a very wide-ranging discussion, and please enjoy.
Permanent Approach Ep 4: Your team may have an asshole problem. How can you fix it? Brent Beshore tells David how things had gotten so bad in the early days of Permanent Equity that a No Asshole Policy had to be put in place.
Ep.#3 [THEME FIVE] Brent Beshore and his firm Permanent Equity are a perfect example that not all private equity firms are the same. Brent is the CEO and founder, and in today’s interview he talks about the unique approach his firm has in a “messy marketplace” to help business owners monetize their largest asset and step back from their day-to-day work in the company, all while maintaining their legacy. In this episode, Brent and Ryan talk about why Permanent Equity has a 30-year time horizon (typically it’s ten years or less), how he landed on this model, and why he has been able to raise over $300 million based on their philosophy. From there, Brent explains his approach to acquiring companies–both financially and philosophically–and why he focuses so much on alignment with the business owner and management team of the seller. Brent has a very unique approach to private equity, and today you will learn one of the fundamental principles his entire business is built on: transparency–and why it has yielded so much success. // WATCH THE INTERVIEW ON YOUTUBE: Intentional Growth™ Podcast What You Will Learn How Permanent Equity returns the capital to their investors with the desired rate of return even though there is a 30-year hold period. How Brent and Permanent Equity are able to raise hundreds of millions of dollars from investors on inbound requests only. How Permanent Equity makes money without charging management fees. Why Brent’s firm has a 30-year time horizon and what doors that has opened up for his firm and portfolio companies. How Brent and Permanent Equity view deal structures and debt in his acquisitions. Why Brent believes compounding (money and relationships) over long periods of time will get the maximum year ROI for all the stakeholders. Why the biggest check written to a business owner could mean they don’t have any say in what happens next with their company. Why Brent wants to partner with the existing owners of the companies. Why transparency is Brent’s main philosophy when it comes to working with stakeholders and how it has avoided bad deals. // USE YOUR FINANCIALS TO CLARIFY A PATH TOWARDS A MORE VALUABLE BUSINESS: Intentional Growth Financial Assessment Bio: Brent Beshore is the CEO and founder of Permanent Equity. Brent leads the firm and, more specifically, the acquisition and diligence teams while supporting portfolio company operators. Brent also serves on the board of Love Columbia, a mid-Misso
Ep.#3 [THEME FIVE] Brent Beshore and his firm Permanent Equity are a perfect example that not all private equity firms are the same. Brent is the CEO and founder, and in today’s interview he talks about the unique approach his firm has in a “messy marketplace” to help business owners monetize their largest asset and step back from their day-to-day work in the company, all while maintaining their legacy. In this episode, Brent and Ryan talk about why Permanent Equity has a 30-year time horizon (typically it’s ten years or less), how he landed on this model, and why he has been able to raise over $300 million based on their philosophy. From there, Brent explains his approach to acquiring companies–both financially and philosophically–and why he focuses so much on alignment with the business owner and management team of the seller. Brent has a very unique approach to private equity, and today you will learn one of the fundamental principles his entire business is built on: transparency–and why it has yielded so much success. // WATCH THE INTERVIEW ON YOUTUBE: Intentional Growth™ Podcast What You Will Learn How Permanent Equity returns the capital to their investors with the desired rate of return even though there is a 30-year hold period. How Brent and Permanent Equity are able to raise hundreds of millions of dollars from investors on inbound requests only. How Permanent Equity makes money without charging management fees. Why Brent’s firm has a 30-year time horizon and what doors that has opened up for his firm and portfolio companies. How Brent and Permanent Equity view deal structures and debt in his acquisitions. Why Brent believes compounding (money and relationships) over long periods of time will get the maximum year ROI for all the stakeholders. Why the biggest check written to a business owner could mean they don’t have any say in what happens next with their company. Why Brent wants to partner with the existing owners of the companies. Why transparency is Brent’s main philosophy when it comes to working with stakeholders and how it has avoided bad deals. // USE YOUR FINANCIALS TO CLARIFY A PATH TOWARDS A MORE VALUABLE BUSINESS: Intentional Growth Financial Assessment Bio: Brent Beshore is the CEO and founder of Permanent Equity. Brent leads the firm and, more specifically, the acquisition and diligence teams while supporting portfolio company operators. Brent also serves on the board of Love Columbia, a mid-Misso
Text Hawk to 66866 to become part of "Mindful Monday." You, along with 10,000+ learners will receive a carefully curated email from me each Monday morning to help you start your week off right. Full show notes at www.LearningLeader.com Twitter/IG: @RyanHawk12 https://twitter.com/RyanHawk12 Brent Beshore is the Founder and CEO of Permanent Equity, a Midwestern-based private equity firm. They take a long-term approach to private equity, investing "permanent equity" in small to midsize privately held companies throughout North America. He's also the best-selling author of The Messy Marketplace. Notes: Growth without goals – Listed as one of Brent's foundations. “We believe the best path to sturdy growth is not a plan, but a posture.” It's a belief in continuous improvement, optimism shining through some thick scars, and a healthy dose of humility. Growth comes from what you know you don't know. (which feels terrible). The harm comes from what you think you know or what you don't know you don't know. (which feels great or oblivious) Progress isn't made by sweeping proclamation or grand strategy. It's built by unglamorous daily activities that are often overlooked and under-appreciated. In March 2016, Brent wrote a medium post about how to sell… “Every sale has five basic obstacles: no need, no money, no hurry, no desire, no trust.” — Zig Ziglar You have 30 minutes one-on-one with someone you know nothing about other than they are wildly successful personally and professionally. What questions do you ask to understand their life, tease out their life philosophy, and get advice? Great questions are the key that unlocks everything. Stop talking about yourself and be a student of others. No matter how important you think relationships are, they're more important. Reliability is a superpower. Do what you say you would when you said you'd do it, for the price you said you'd do it for. Every single time. If you're ever more focused on other people's shortcomings than your own, you're the problem. Important Qualities: High intellectual honesty Humility Optimism Life as a dad: "You will never be happier than your least happy child." "Culture is nothing more than what you reward and punish." Buffett and Munger" - "Both are thoughtful, kind, and generous." Enjoy life: "I didn't enjoy it in my 20's... Try to have an inner temperature of joy." It's important to sit down with sages... Older people: Ask, "How do you mark your days?" "We all have time for things we prioritize." Sales is a dirty word for a lot... It doesn't need to be. The best salespeople Brent knows aren't selling. They share what they know and how it could potentially help others. "Invite people into your world. Share a vision. Help them understand the cause. Give them an invitation to go along with you." Capital Camp - Shock people with hospitality. Help create meaningful relationships. Surround them with care and excellence. Writing - Use humor. Write like you talk. Brent chooses to be light-hearted because that's how he is in real life. Keys to being a great Dad: Love them unconditionally because of who they are We have confused what love is Show them love by what you don't tolerate
When Patrick O'Shaughnessy and Brent Beshore asked us to give a talk at their incredible Capital Camp conference, we knew we had to bring something special. So we spent months combing through the Acquired back catalog and cataloged our 12 favorite lessons from the 200+ stories we've told over the past 7 years. From Sequoia through Sony, TSMC, Nvidia, The New York Times, the NBA and Oprah — we revisited all the classics and pulled out the common threads that weave the tapestry of great companies we've covered on Acquired. This episode was truly a joy to put together… huge thank you to Patrick and Brent for giving us the perfect stage on which to present it! This episode has video! You can watch it on Spotify (right in the main podcast interface) or on YouTube. Sponsors: Thanks to the Solana Foundation for being our presenting sponsor for this special episode. Solana is the world's most performant blockchain, the BEST place for developers to build Web3 applications, and of course very near & dear to the Acquired community's heart. You get in touch with them here. Just tell them them Ben and David sent you! Thank you as well to Modern Treasury and to Mystery. Register here for the Acquired Mystery on July 7th 2022 at 3pm PT! Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.
When Patrick O'Shaughnessy and Brent Beshore asked us to give a talk at their incredible Capital Camp conference, we knew we had to bring something special. So we spent months combing through the Acquired back catalog and cataloged our 12 favorite lessons from the 200+ stories we've told over the past 7 years. From Sequoia through Sony, TSMC, Nvidia, The New York Times, the NBA and Oprah — we revisited all the classics and pulled out the common threads that weave the tapestry of great companies we've covered on Acquired. This episode was truly a joy to put together… huge thank you to Patrick and Brent for giving us the perfect stage on which to present it!Sponsor: https://acquired.fm/zoominfoThis episode has video! You can watch it on YouTube. Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.
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