Podcast appearances and mentions of doug mccormick

Board meetings are a critical tool for private equity firms to drive strategy, track progress, and unlock value. In this episode, Sean Mooney, Lloyd Metz, and Doug McCormick explore how private equity boards operate, from setting agendas and assembling members to balancing tactical updates with strategic discussions.They discuss the importance of preparation, the role of independent directors, and how to ensure that board meetings foster alignment and productive decision-making. Whether you're refining your approach or learning how boards work, this episode offers key insights for making meetings count.Episode Highlights:2:27 - The strategic purpose of PE board meetings and how they differ from weekly updates.4:02 - Preparation benefits: How crafting the deck helps teams prioritize objectives.10:02 - Board composition explained: PE team members, independent directors, and management.18:48 - The role of independent directors: Strategic value and practical benefits.27:01 - Structuring meetings: Financial updates, strategy reviews, and actionable takeaways.34:13 - Avoiding pitfalls: Keeping board discussions strategic, not bogged down by readouts.47:20 - Board logistics: Meeting frequency, in-person sessions, and practical considerations.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

HCI Equity co-founder and chief investment officer Doug McCormick discusses the firm's approach to buy-and-build strategies in large, fragmented and stable markets as well as navigating the challenging M&A environment in 2025. 

Consolidation strategies are a proven way to create value in fragmented markets, but execution is everything. In this episode, Doug McCormick walks through the key principles of launching and scaling a buy-and-build platform, sharing lessons learned from a real-world example in the lawn care industry. Joining Sean Mooney and Lloyd Metz, Doug dives into the essential elements of consolidation success, from developing the investment thesis to building scalable infrastructure and engaging entrepreneurial owners.The team explores topics like market selection, integration strategies, and how to position a business for the next phase of growth. If you're considering consolidation strategies or looking to optimize your existing approach, this episode is packed with insights for private equity professionals and business leaders alike.Episode Highlights:2:21: Defining core focus areas for consolidation: Subscription revenue, recurring services, and market potential.3:38: Regional dynamics: Why geography matters and how to build density before scaling nationally.4:41: Developing a proven investment thesis: Recognizing white space in competitive markets.9:26: Building the flywheel: How initial acquisitions set the foundation for growth.16:09: Keeping owner-operators engaged: Strategies for rolling equity and aligning interests.24:02: Unlocking the benefits of scale: Efficiency in purchasing, customer acquisition, and operational KPIs.33:37: Integration best practices: Building internal capabilities and avoiding common pitfalls.36:51: Creating long-term buyer appeal: Building a platform that's scalable and ready for future growth.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Private equity is evolving rapidly, and staying ahead requires innovation in both diligence and value creation. In this episode, Sean Mooney, Lloyd Metz, and Doug McCormick explore the latest tools, trends, and strategies that are reshaping the private equity landscape in 2025.The conversation dives into cutting-edge approaches to due diligence, including advancements in data analysis, tech diligence, and digital market studies. They also discuss how private equity firms are reimagining value creation, from leveraging AI to optimize operations, to using data visualization and digital tools to drive portfolio success.Packed with actionable insights and real-world examples, this episode offers private equity professionals a roadmap to thrive in an increasingly competitive and fast-changing environment.Episode Highlights:3:13 - How value creation is taking center stage in private equity, with 75% of activity focused on post-acquisition growth strategies.5:13 - Evolving due diligence: The rise of tech diligence, digital due diligence, and the expanding scope of commercial diligence.12:54 - Opportunities in AI: How firms use data organization and visualization to unlock new growth potential.20:24 - Cutting-edge commercial market diligence: Moving beyond market size to find growth strategies that create alpha.33:37 - Embracing change: Practical steps to adopt game-changing AI tools, from ChatGPT to automated FP&A systems.39:30 - The future of the CFO's office: New tools and approaches to optimize productivity and decision-making with AI and automation.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Tariffs are at the center of a rapidly changing global trade landscape, creating both challenges and opportunities for businesses. In this episode, Sean Mooney, Lloyd Metz, and Doug McCormick are joined by Michael Allen, co-founder of Beacon Global Strategies, to explore the state of U.S. trade policy, its impact on private equity, and how businesses can adapt.Michael provides an inside look at the current administration's approach to tariffs, bilateral trade negotiations, and the implications for global supply chains and domestic industries. Together, the panel discusses what companies can do now to manage supply chain disruptions, adjust pricing strategies, and find opportunities amidst uncertainty.This episode is packed with actionable insights for leaders navigating the intersection of trade, policy, and business strategy.Episode Highlights:01:05: Lloyd introduces Michael Allen and his background in Washington policy and intelligence.03:35: The current state of trade policy: Tariffs, geopolitical strategy, and their influence on the global economy.10:07: Bilateral negotiations with 90 countries: Leveraging trade discussions to isolate China and restructure agreements.24:50: Portfolio company impacts: Rising costs, supply chain disruptions, and ripple effects on consumer demand.39:30: Playing to win: Strategic steps for businesses, from diversifying supply chains to leveraging domestic opportunities.For more information on Beacon Global Strategies, go to: https://bgsdc.com/For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Merger integration is a critical component of private equity strategies, especially in buy-and-build models. In this episode, Sean Mooney, Lloyd Metz, and Doug McCormick break down what it takes to successfully integrate acquisitions, why careful planning is essential, and the risks that come with getting it wrong.From cultural alignment and change management to IT systems and operational processes, the team provides actionable insights for portfolio companies and investors alike. Whether it's a strategic roll-up or a single add-on, this episode covers the strategies needed to create value and avoid common pitfalls in mergers and acquisitions.1:01: Sean kicks off the discussion with the fundamentals of merger integration and its importance for private equity firms.4:05: Lloyd outlines the key elements of integration planning, including reporting structures, branding, IT systems, and organizational design.7:09: What happens when integration fails? The team discusses the risks of poor execution and how they can destroy value.9:14: Doug shares three common integration scenarios: geographic expansion, product synergies, and improving cost positions.20:48: Why cultural alignment matters: Lloyd and Doug dive into how to blend team dynamics and organizational values effectively.48:02: Solving IT challenges: Doug discusses why unified processes are the backbone of successful ERP systems.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this episode, Sean Mooney, Doug McCormick, and Lloyd Metz are joined by Carl Press of Thoma Bravo and Kevin MacDonald, CEO of Bluesight, to share a behind-the-scenes look at scaling a software company from a bootstrap startup to a private equity-backed category leader. Kevin reflects on his fourteen-year journey, from self-funding and navigating tough markets to leveraging venture capital and eventually partnering with private equity to drive growth and achieve ambitious goals. Carl provides insights from Thoma Bravo's perspective, highlighting the power of strategic M&A, operational constraints, and value creation planning.Together, they discuss the importance of alignment between CEOs and private equity partners, integrating acquisitions, and managing growth with clarity and focus. Whether you're a founder, an executive, or a private equity professional, this episode dives deep into the challenges and successes of scaling a business for long-term impact.Episode Highlights1:01: Sean introduces Carl Press (Thoma Bravo) and Kevin MacDonald (Bluesight), setting the stage for a discussion on scaling software companies.3:13: Kevin shares Bluesight's origin as a self-funded startup and the challenges of selling to hospitals in its early days.9:38: The transition to venture capital funding and the mindset shift toward speculative, growth-oriented investments.13:23: Carl explains how Thoma Bravo recognized Bluesight's potential and invested, merging it with Metasys on day one to kickstart its M&A strategy.23:03: How Kevin and Carl aligned on a four-year value creation plan, identifying where to focus and doubling down on proven opportunities.30:45: The operating cadence for Bluesight and Thoma Bravo, including structured board meetings and continuous collaborative interactions.41:40: Advice for CEOs and private equity partners on setting clear expectations, establishing cultural alignment, and navigating growth together.For more information on Thoma Bravo, go to https://www.thomabravo.com/For more information on Bluesight, go to https://bluesight.com/For more information on Carl Press, go to https://www.linkedin.com/in/carlpressFor more information on Kevin MacDonald, go to https://www.linkedin.com/in/kitcheckkevinmacdonaldFor more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this insightful conversation, Doug McCormick, Lloyd Metz, and Sean Mooney tackle the transformative role of artificial intelligence (AI) in private equity and beyond. Sean shares how his company, BluWave, has leveraged AI to streamline operations, enhance decision-making, and create proprietary competitive advantages. The discussion explores actionable ways entrepreneurs, private equity firms, and portfolio companies can implement AI for immediate ROI, from creative assistance to operational efficiency. The group also examines the broader policy, regulatory, and workforce implications of AI, tackling challenges like privacy, cybersecurity risks, and organizational change management. Whether you're a business owner, private equity professional, or simply curious about AI's potential to reshape industries, this episode offers both practical tips and thought-provoking future predictions.Episode Highlights02:10: Sean explains BluWave's adoption of AI, including why 2022 marked a breakthrough for implementing proprietary AI tools.9:44: Practical advice for entrepreneurs and small business owners on getting started with AI tools like ChatGPT and Snowflake.23:16: Using visualization platforms like Sigma and HEX to make data actionable and gamify business metrics.41:26: Doug and Sean discuss the biggest opportunities for private equity firms to integrate AI, from deal sourcing to portfolio company optimization.55:10: Sean highlights the growing risks of voice deepfakes and fraud, offering insights into protecting businesses against AI-enabled threats.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

This special replay highlights an essential episode on how private equity firms identify where to invest and how to strategically source opportunities. Doug McCormick and Lloyd Metz join Sean Mooney to explore the art of specialization, building investment theses, and balancing focus with innovation. They share insights into why focus matters for both LPs and success in deal-making, how sourcing strategies evolve from industry expertise, and why relationships with investment bankers and direct outreach are critical. Whether you're a business owner or a private equity professional, this episode outlines the foundational strategy behind deal selection and sourcing.Episode Highlights2:07: Doug and Lloyd discuss why staying within an investment thesis matters for LPs and how firms develop their areas of focus.8:46: The importance of specialization: How focus, relationships, and expertise enhance credibility with business owners and deal sources.19:48: Building investment theses: Tracking data, trends, and customer behavior to unlock adjacent opportunities.34:08: Strategies for deal sourcing: Working with investment bankers, targeting specific sectors, and building long-term credibility.50:52: The future of private equity marketing: How firms can build brands, leverage new tools, and attract opportunities directly.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Kicking off a new series on emerging investment themes, Lloyd Metz, Doug McCormick, and Sean Mooney examine the profound effects of geopolitical complexity on private equity. This episode explores the growing trend of supply chain reshoring, the rise of infrastructure services, and how enterprises are grappling with heightened risks in today's dynamic environment. Lloyd shares insights from a portfolio company aiding corporations in navigating federal policies and mitigating geopolitical challenges, while the group discusses what makes these businesses scalable, cash-generating, and attractive for investment.Episode Highlights2:27: Lloyd and Doug break down methods for sorting through massive amounts of information to uncover actionable investment ideas.10:35: A focused thesis on how geopolitical tensions are shifting supply chains and driving demand for new infrastructure.19:48: Deep dive into a portfolio company addressing enterprise risks and helping corporations adapt to government policies.28:14: Building scalable professional services firms: From partnership models to enterprise value creation.37:32: Leveraging insight into geopolitical dynamics for future investment opportunities and emerging industry trends.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this episode, Golub Capital's Senior Managing Director, Greg Cashman, joins Lloyd Metz, Doug McCormick, and Sean Mooney to uncover the critical role of direct lenders in private equity. Greg shares Golub's transition from private equity to direct lending, the importance of alignment between lenders and PE sponsors, and their underwriting strategies for companies and sponsors. Explore how private credit markets have evolved, what makes the best sponsors stand out, and why 2025 is shaping up to be a pivotal year for M&A. Packed with insights from decades of experience, this is an essential listen for private equity professionals and investors.Episode Highlights2:20: Greg shares Golub Capital's origin story and its strategic pivot from private equity to direct lending.8:48: The benefits of specialization: Why Golub focuses on private equity-backed lending and the advantages sponsors bring to transactions.20:32: Underwriting sponsors: How Golub evaluates private equity firms and builds trust through transparency and long-term partnerships.29:08: The rise of private credit markets post-2021 and how Golub positions itself to support sponsors through tailored debt solutions.37:32: Managing underperformance: The importance of transparency, trust, and creative problem-solving between sponsors and lenders.47:46: 2025 predictions: Why improving capital markets, favorable economic trends, and M&A momentum could make it a banner year for private equity.For more information on Golub Capital, visit https://golubcapital.com/For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Hosts Lloyd Metz, Doug McCormick, and Sean Mooney review the major themes shaping private equity in 2024, including liquidity challenges, market shifts, and investor dynamics. They discuss strategies to prepare for 2025 amid potential changes in interest rates, inflation, and emerging opportunities in industrials, food, and infrastructure services. With insights into M&A activity, CEO evaluations, and aligning investor expectations with portfolio performance, this episode offers practical knowledge for private equity professionals, investors, and business owners.Episode Highlights1:36 - Reflecting on 2024 as a challenging year for private equity, with discussions on liquidity pressures and subdued deal activity.8:02 - The divergence between market performance and economic realities, and its implications for private equity investment strategies.18:54 - Exploring opportunities in emerging sectors like niche food products and infrastructure services as areas for growth in 2025.26:03 - CEO evaluations and insights on balancing leadership, decision-making, and performance improvement within portfolio companies.35:58 - Looking ahead to 2025: inflation risks, interest rate concerns, and expectations for M&A activity and sector performance.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this episode, hosts Lloyd Metz, Doug McCormick, and Sean Mooney are joined by Paul Ryan, former Speaker of the House and Vice Presidential Candidate, now a partner at Solamere Capital. Speaker Ryan delves into his transition from a distinguished career in public service to the private equity sector, highlighting his enduring passion for economics and his strategic choice to focus on lower middle market private equity. The discussion explores the unique value private equity brings to liquidity provision, business growth, and its broader economic impact. He also shares his perspective on the current political landscape, regulatory shifts, labor supply significance in manufacturing, and the critical role of private equity in economic stabilization and growth. This episode not only sheds light on Speaker Ryan's journey from Capitol Hill to capital growth but also on the intersection of policy, economics, and private equity's influence on business and society.Episode Highlights • 2:48: Ryan's transition to private equity and focus on lower middle market. • 14:17: Discussion on business owners' perspectives on private equity partnerships. • 18:08: The convergence of policy, economics, and private equity. • 24:42: The importance of labor supply and immigration policy for economic growth. • 31:10: The role of private equity in stabilizing and enhancing the economy. • 37:28: Advice on communicating the value of private equity to policymakers. • 40:09: Final thoughts on the future economic outlook and potential risks. For more information on Solamere Capital, go to https://www.solamerecapital.com/For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Explore strategic exits and sustained growth in private equity with Doug McCormick of HCI Equity Partners and Lloyd Metz of ICV Partners. This special crossover episode delves into optimal timing for selling companies, the significance of building durable business models, and prioritizing long-term value. Learn how private equity navigates exit complexities, the importance of early strategic initiatives, and innovative exit strategies like partnership deals and continuation vehicles. Episode Highlights: 02:13 - Impact of timing exits on value creation. 06:00 - Market consolidation and leadership in exit opportunities. 14:22 - Innovative exit strategies: partnership deals and continuation vehicles. 19:45 - Returning capital and providing optionality for companies. 34:57 - Preparing for a sale and avoiding pitfalls in the exit process. To listen to the Best But Never Final podcast, go to https://bestbutneverfinal.buzzsprout.com/ For more information about ICV Partners, go to https://icvpartners.com/ For more information about HCI Equity Partners, go to https://hciequity.com/ For more information on BluWave and this podcast, go to https://bluwave.net/podcasts/  

In this encore presentation from February 20th, Lloyd Metz, Doug McCormick, and Sean Mooney discuss the strategic considerations behind exiting a private equity investment. With an anticipated wave of deals in the coming year, understanding when to sell and how to do it effectively is crucial. This episode covers the importance of exit timing, various exit mechanisms including dividend recaps, partnership deals, and ESOPs, and how to prepare for a successful sale. Whether considering selling now or seeking insights into exit strategies, this episode provides valuable information on making informed decisions that maximize returns.Episode Highlights:2:34 - Discussing the impact of timing on returns and market challenges.8:14 - Approaches to building a business that attracts buyers.19:23 - Ways private equity firms return capital and extend company options.34:51 - Exploring ESOPs as a tool for incentive alignment and employee empowerment.38:28 - Common pitfalls in the exit process and the importance of early preparation.43:35 - Final thoughts on skills for successful ownership and selling.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Lloyd Metz, Doug McCormick, Sean Mooney, and operating partners Mary Rachide from ICV and Bob Hund from HCI delve into value creation in private equity. They discuss the role of operating partners in enhancing portfolio company growth, from due diligence to strategic execution. The episode covers aligning company vision with actionable strategies, the importance of stakeholder collaboration, and the balance between innovation and risk management. Mary and Bob share their experiences in driving transformation and the challenges and rewards of their roles in achieving exceptional outcomes.Episode Highlights1:25 - Introduction to value creation and the role of operating partners.1:52 - Mary Rachide outlines her path to becoming an operating partner at ICV, focusing on strategy and execution.3:33 - Bob Hund discusses his journey to HCI, emphasizing process improvement and risk mitigation.6:45 - The integration of operating partners in due diligence and value creation planning.15:18 - Managing stakeholder collaboration and communication within the private equity ecosystem.37:39 - The rewarding aspects of being an operating partner, including working with entrepreneurs and seeing tangible results.44:48 - Challenges of the role, such as prioritizing initiatives and navigating change management.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Lloyd Metz, Doug McCormick, and Sean Mooney share pivotal experiences from their private equity careers, focusing on due diligence surprises, the impact of personal challenges on professional relationships, and complex business scenarios. They emphasize the importance of comprehensive background checks, cultural sensitivity in international deals, and strategic problem-solving in high-stakes situations. This episode provides insights into the nuanced world of private equity, where unexpected challenges often lead to valuable lessons.Episode Highlights:2:11 - Lloyd Metz emphasizes the necessity of thorough background checks with a story about a CEO's undisclosed past.5:08 - Doug McCormick discusses the significance of transparency and trust in forming business partnerships.10:21 - The importance of open communication in overcoming personal and professional challenges is highlighted.22:55 - Lloyd shares a challenging experience with a corporate carve-out in Japan, stressing cultural sensitivity.33:41 - Doug talks about managing complexity in deals and the strategic value of risk mitigation.42:20 - Sean recounts overcoming a supply chain challenge through innovation and strategic negotiation.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this episode of 'Best But Never Final,' Lloyd Metz, Doug McCormick, and Sean Mooney discuss the importance of strategic talent management in private equity. They explore the transition from traditional HR to advanced human capital strategies, emphasizing the critical role of hiring, team building, and organizational design in driving business success. The conversation covers practical strategies for hiring, including preparation, execution, and effective onboarding, providing private equity professionals with insights to leverage human capital for competitive advantage and sustainable success in their portfolio companies.2:20 - The critical role of human capital in private equity.4:16 - The shift from financial arbitrage to business transformation through talent.10:39 - Preparing for successful hires with a detailed scorecard and aligning talent strategy with business goals.16:32 - Utilizing specialized recruiters and assessment tools for optimal cultural and skill fit.26:23 - Innovative onboarding practices for new hires' success.33:28 - Leveraging hiring advisors and assessment firms for deeper candidate insights.41:04 - Tips and pitfalls in hiring, emphasizing quick decision-making and systematic approaches.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this engaging episode of 'Best But Never Final,' hosts Lloyd Metz, Doug McCormick, and Sean Mooney welcome David Freed, a seasoned professional with extensive experience across the private equity, technology, and operational landscapes. Freed shares his journey from operating roles within portfolio companies to co-founding CP Energy Holdings, focusing on carbon reduction investments. The discussion delves into the strategic use of technology to drive business growth, the importance of cybersecurity, and the necessity of embracing technological advancements to stay competitive. Freed's insights offer valuable lessons on integrating technology with business strategy to achieve sustainable success in today's rapidly evolving market.Episode Highlights2:06 - Introduction of David Freed and his diverse background in technology, operations, and private equity.6:19 - Freed's transition from Eight Rivers to HCI and the challenges of integrating technology in traditional industries.16:55 - The role of technology in driving value creation and operational efficiency at MSI, a portfolio company.26:11 - The defensive and offensive uses of technology in business, from cybersecurity to enabling growth.44:30 - Freed's approach to evaluating and implementing technology in SMBs to fuel growth and innovation.53:59 - The risks of ignoring technological advancements and the importance of proactive adoption for competitive advantage.For more information on Critical Point Holdings, go to https://cpeh.com/For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

We're in the heart of private equity's busiest season with Lloyd Metz, Doug McCormick, and Sean Mooney in this episode of 'Best But Never Final.' They tackle the fall deal rush, a period brimming with new deals and rigorous due diligence. The hosts share insights on efficiently assessing opportunities, focusing on key tools like Quality of Earnings Reviews, market studies, and management assessments. This episode is a must-listen for those new to the private equity deal rush, offering a clear view of the strategies and challenges involved in due diligence and value creation.Episode Highlights:1:53 - The fall deal rush in private equity explained, highlighting its significance.5:47 - The pivotal role of Quality of Earnings Review in evaluating company performance.7:37 - Importance of market studies for understanding competitive landscapes and growth potential.12:10 - Why management assessments are crucial for gauging leadership effectiveness.17:12 - The private equity firm's role in synthesizing due diligence findings into actionable strategies.34:47 - Discussion on the importance of legal, IT, and insurance due diligence in the transaction process.46:10 - Reflections on the predictive power of due diligence in investment success and the value of management alignment.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Join Lloyd Metz, Doug McCormick, Sean Mooney, and special guest Rob Brown, CEO of Lincoln International, as they discuss the significant changes in private equity and investment banking from the early 2000s to today. This episode covers the pivotal role of company culture in driving growth, adapting to economic shifts, and the strategic use of technology and talent acquisition during downturns. Listen for an in-depth analysis of market trends, the impact of COVID-19, and predictions for the M&A landscape's future.Episode Highlights:2:09 - Rob Brown reflects on the transformation of private equity and investment banking since the 2000s.7:12 - The growth story of Lincoln International and the critical role of culture.16:55 - Economic trends post-2008 and adjustments leading up to the COVID-19 era.26:05 - The significance of office presence for culture and mentorship.32:54 - Utilizing downturns for talent acquisition and investing in AI.40:58 - Current M&A market conditions and expectations for recovery in 2025.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Explore the critical aspects of capital structure in the private equity sector with insights from Lloyd Metz, Doug McCormick, and Sean Mooney. This episode breaks down the strategic use of debt versus equity, the implications of leveraging, and the nuances of maintaining lender relationships. It offers a focused look at how private equity professionals navigate risk and optimize returns through smart capital structure choices, essential listening for investors and business owners aiming to understand the financial underpinnings of successful investments.1:18 - Introduction to the importance of capital structure choices in private equity. 3:16 - Exploring the balance between risk and return in optimizing capital structure.6:43 - The leverage effect of using debt in private equity explained through a home-buying analogy.12:14 - Strategies behind determining the amount of debt to use in private equity investments.21:29 - Discussion on the types of lenders and the evolving lending landscape. 33:29 - The influence of capital market health on debt cost and the call for simplicity in capital structure decisions.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this episode of Best But Never Final, join Lloyd Metz, Doug McCormick and Sean Mooney as they delve into the seasonal nuances of the private equity world during the summer months. This episode offers a candid look at how private equity professionals balance the demands of work with personal time, reflecting on the impact of summer on investment activities and portfolio management. From discussing the rhythm of deal flows to sharing personal strategies for recharging, the trio provides insights into how the industry adapts and plans for the latter half of the year amidst the backdrop of recurring seasonal patterns and unexpected market dynamics.Episode Highlights:0:37 - Introduction to the seasonal dynamics of private equity during summer.1:59 - Personal reflections on summer activities and balancing work with family time.5:08 - Insights into how private equity professionals navigate the quieter deal market of summer while staying prepared for the bustling activity post-Labor Day.8:23 - Discussion on the cyclical nature of deal flows and portfolio company initiatives throughout the year.15:01 - Examination of how summer provides a strategic pause for reflection and planning ahead of the busy fall season.19:33 - Consideration of external factors, such as election years, that can influence private equity activities and market sentiment.25:20 - Anticipation of deal market recovery and the readiness of lenders to support transactions in the latter half of the year. This episode is an invaluable resource for anyone interested in understanding the ebb and flow of the private equity industry and how professionals within the field strategically navigate these seasonal shifts. Join us for a thoughtful discussion on making the most of the summer slowdown while gearing up for the opportunities and challenges that lie ahead.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this episode, hosts Lloyd Metz, Doug McCormick, and Sean Mooney, alongside their expertise in private equity, delve into the nuanced practice of granting equity to employees within portfolio companies. They discuss the strategic importance of aligning incentives, attracting top talent, and instilling an ownership mindset throughout the organization. From stock options to profit interests, explore the mechanisms private equity firms utilize to distribute equity and the impact this has on fostering value creation.Key Highlights::37 - Setting the stage for the discussion on equity ownership in private equity.10:23 - Examining the reasons behind granting equity to portfolio company employees.20:48 - Detailing the initial phase of value creation and strategic investments.31:04 - Discussing various methods for equity distribution and their implications.39:14 - Addressing the challenges and keys to successfully implementing equity programs.Listen in to understand how equity ownership serves as a fundamental aspect of the private equity model, promoting a culture of collaboration and success across portfolio companies.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Dive into an insightful exploration of the critical decision-making process within private equity regarding the timing of exits. Hosts Lloyd Metz, Doug McCormick, and Sean Mooney dissect the lifecycle of a deal, emphasizing the strategic considerations that guide private equity firms in determining the optimal moment to sell. From the initial value creation phase to the meticulous preparation for sale, this episode unveils the art and science behind maximizing returns and successfully navigating the complex M&A landscape.Key Highlights::37 - Introduction to the episode's focus on the lifecycle of a deal and the timing of exits.2:26 - Discussion on current market perceptions and the inclination towards buying or selling.7:15 - Examination of major value creation categories and their timing in the investment phase.20:48 - Insights into holding deal teams accountable for progress and meeting value creation plans.28:53 - Internal processes for making the sell decision, including considerations and signals.36:09 - The impact of portfolio construction on individual deal performance and fund optimization.47:06 - Addressing the influence of individual track records on fund management and exit strategies.This episode offers a deep dive into the nuanced strategies that underpin private equity's approach to deal exits, providing valuable lessons on fund management, portfolio optimization, and the intricacies of the sell-side process.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Episode Description:Explore the complexities of private equity's strategic approaches to buying and selling across fluctuating market cycles in this episode of "Best But Never Final." Hosts Lloyd Metz, Doug McCormick, and Sean Mooney unpack the essence of private equity operations amidst economic uncertainties, offering a rich discussion on how to maximize outcomes regardless of the market's condition. From the anticipation of black swan events to the tactical maneuvers for both acquisition and divestment, this conversation provides a foundational understanding of private equity's resilience and adaptability.Key Highlights:2:26 - Current Market Analysis: Lloyd and Doug share their perspectives on being net buyers or sellers in today's economic environment.15:46 - Strategies for Selling: Unveiling tactics to enhance asset value amidst market fluctuations.27:42 - Acquiring with Intent: Discussing the structuring of deals to ensure success in an uncertain market.37:49 - Valuation and Engagement: Highlighting the importance of accurate valuation and building strong relationships for effective deal-making.45:07 - Deal Structuring and Capital Strategy: Exploring innovative approaches to capital and transaction structuring within private equity.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this episode of "Best But Never Final," hosts Lloyd Metz, Doug McCormick, Sean Mooney, and special guest Dave Roberts from Houlihan Lokey explore the shifting landscape of M&A markets and the strategic maneuvers private equity firms employ in response.Episode Highlights:1:04 - Introduction of Dave Roberts and the evolving M&A market's impact on deal flows.9:47 - Performance insights of private equity portfolios amid economic fluctuations.15:11 - Examination of the backlog in deal introductions and the disconnect between buyer and seller expectations.22:00 - The critical role of sponsor coverage in investment banking for bridging between private equity firms and market opportunities.38:03 - Strategies for private equity firms to effectively engage with sponsor coverage professionals and optimize deal outcomes.For more information on Houlihan Lokey, go to https://hl.com/For more information on Dave Roberts, go to https://www.linkedin.com/in/dave-roberts-hlFor more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this episode of "Best But Never Final," join Lloyd Metz, Doug McCormick, and Sean Mooney as they navigate the choppy waters of today's economic landscape and its implications for private equity portfolio companies. Amidst moderate inflation, groundbreaking technological advancements, and significant geopolitical risks, our hosts dissect how these factors are influencing the strategic direction and operational decisions within their portfolio companies. From analyzing consumer sentiment to unraveling the resilience found within the lower middle market, this episode offers a panoramic view of economic resilience and adaptability.Listeners will gain insights into:1:27 - An overview of current economic indicators and their impact on the private equity sector.3:35 - The paradox of strong consumer sentiment amidst economic headwinds and what it signals for businesses.9:47 - Real-world reflections on portfolio company performance in the face of economic flux, shared by Doug and Lloyd.15:19 - Strategic moves made by portfolio companies during economic downturns, emphasizing the value of investing in top-tier talent and cutting-edge technology.22:24 - Approaches to nurturing revenue growth and enhancing operational efficiencies during uncertain times, with a focus on innovative pricing and marketing strategies.34:11 - A deep dive into optimizing operations and managing costs, highlighting the importance of continuous process improvement and prudent capital allocation.41:29 - Examining the role of acquisitions and capital structure strategy as tools for navigating economic uncertainty, advocating for a conservative approach to leverage and emphasizing the importance of banking relationships.This episode is essential listening for anyone looking to grasp the economic nuances affecting private equity and how seasoned veterans like Lloyd, Doug, and Sean utilize this knowledge to strengthen and expand their portfolio companies. Tune into "Best But Never Final" for an insightful journey into the strategies that guide private equity through today's economic challenges and opportunities.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Dive deep into the heart of private equity diligence processes with Lloyd Metz, Doug McCormick, and Sean Mooney in this insightful episode of "Best But Never Final." The trio unravels the complexities of third-party diligence, shedding light on the essential tools that private equity firms employ to assess, verify, and envision the potential of their investments. From the critical Quality of Earnings review to comprehensive market studies and management assessments, this episode covers the gamut of due diligence activities that underpin successful private equity transactions.Listeners will explore:1:00 - The pivotal role of third-party diligence in private equity, including the moments that can induce heart palpitations as significant sums are spent without guarantee of a deal closure.8:15 - An in-depth look at the major categories of third-party diligence: Quality of Earnings, market studies, management assessments, legal work, IT diligence, and insurance.15:30 - The nuanced differences between an audit and a Quality of Earnings review, and why the latter is crucial for understanding the true financial performance of a business.22:45 - How market studies (commercial due diligence) and management assessments play a critical role in evaluating the potential and leadership of target companies.30:00 - The sequencing of diligence activities and the strategic importance of each in the investment process, including the evolving landscape of legal, IT, and insurance diligence.Join Lloyd, Doug, and Sean as they navigate through the diligence landscape, offering invaluable insights into the tools and strategies that define the investigative phase of private equity. Whether you're a seasoned professional or new to the private equity world, this episode provides a comprehensive understanding of the diligence process, highlighting its significance in avoiding pitfalls and unlocking transformative growth opportunities.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this engaging episode of "Best But Never Final," hosts Lloyd Metz, Doug McCormick, and Sean Mooney demystify the pivotal role of the Chief Financial Officer (CFO) within the private equity (PE) landscape. As they navigate through the multifaceted responsibilities and evolving nature of the CFO role, the discussion illuminates why a strategic CFO is indispensable for PE-backed companies. From being the co-pilot to the CEO to mastering the art of translation between financials and business operations, this episode explores the journey from a competent to a strategic CFO and the essential traits that define success in this dynamic role.Listeners will discover:1:45 - The foundational responsibilities of a CFO in PE and the significance of evolving beyond financial reporting to strategic partnership.3:09 - Analogies that capture the essence of the strategic CFO role, comparing it to key figures in military and cinematic narratives.7:47 - The challenges and opportunities in the career progression of a CFO within the fast-paced environment of PE-backed companies.14:24 - How PE firms approach the selection process for a CFO, emphasizing the importance of intellectual horsepower, experience, and interpersonal skills.21:08 - Key strategies for CFOs to excel in their role, highlighting loyalty to the enterprise, integrity, and the ability to be a resource across the organization.35:54 - The nuanced reporting structure of CFOs in PE, including the direct and dotted line reporting to the CEO and the PE firm, respectively."Best But Never Final" offers a deep dive into the critical role of the CFO in steering PE-backed companies towards growth and success. Whether you're an aspiring CFO, a seasoned financial leader, or simply fascinated by the strategic interplay within private equity, this episode provides valuable insights into making impactful contributions in the high-stakes world of private equity.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this episode of "Best But Never Final," delve into the evolving landscape of career entry points into the private equity industry with hosts Lloyd Metz, Doug McCormick, and Sean Mooney. The trio, seasoned in the nuances of private equity, dissect the journey from traditional roles in investment banking and consulting to the increasingly recognized value of operational expertise. This conversation offers a candid look at the prerequisites for a successful career in private equity, emphasizing the significance of intellectual curiosity, the strategic advantage of an MBA, and the diverse skill sets required to thrive.Listeners will gain:00:00 - An understanding of how foundational roles shape a professional's readiness for private equity challenges.12:30 - Insights into the strategic pivot points offered by business school for those transitioning into or within the private equity space.25:15 - A broadened perspective on the variety of pathways into private equity, highlighting the importance of operational roles in today's market.37:00 - Actionable advice for those aspiring to break into private equity, focusing on the necessity of passion, resilience, and a unique mindset.44:00 - Recommendations on literature that encapsulates the core principles of investment, business strategy, and life skills crucial for anyone aiming to make their mark in private equity.Join "Best But Never Final" for a thought-provoking discussion that demystifies the private equity sector and offers guidance for those plotting their course in this competitive arena.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this episode of Best But Never Final Lloyd Metz, Doug McCormick, and Sean Mooney dive into the heart of private equity's strategic decision-making and deal sourcing processes. This episode peels back the layers on how private equity firms identify their investment focus, align with Limited Partners' (LPs) expectations, and navigate the competitive landscape to source potential opportunities. Through a detailed discussion, the trio elucidates the evolution from generalist approaches to the specialized strategies that now define the industry, highlighting the critical role of deep market knowledge and network building in successful deal sourcing.Episode Highlights:0:36 - Opening discussion on the strategic focus of private equity investments and the imperative of specialization.1:26 - Doug McCormick outlines how private equity firms delineate their investment areas and craft detailed investment theses.3:12 - The significance of adhering to LPs' expectations and the move towards specialization for competitive advantage.10:02 - Insights into the journey from being industry generalists to adopting specialized investment strategies.13:31 - The art of saying 'no' and the importance of focus in the selection of investment opportunities.24:27 - Exploring adjacent markets for new investment opportunities and forming new investment theses.43:32 - Differentiating between sourcing strategies for platform investments and add-on acquisitions.51:08 - Discussing the future of private equity branding and the potential for direct engagement with investment targets."Private Equity Focus: Shaping Investment Strategies and Sourcing Excellence" offers an enlightening journey through the strategic considerations that guide private equity investments. Lloyd Metz, Doug McCormick, and Sean Mooney share their expert insights on the evolution of investment focus, the criticality of specialization, and the nuanced approaches to sourcing deals in today's competitive market. This episode is an invaluable resource for anyone interested in the behind-the-scenes workings of private equity, from industry newcomers to seasoned professionals looking to refine their strategic approach. Join us as we navigate the intricacies of private equity investment strategies and sourcing excellence.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

About the Episode: In this enlightening episode of "Best But Never Final," hosts Doug McCormick, and Sean Mooney delve into the intricate process of value creation within the private equity landscape, from the perspective of both the PE firm and the portfolio company CEO. Featuring Scott Milberg, CEO of AmerCareRoyal, a portfolio company of HCI Equity Partners, the conversation explores the transformative journey of AmerCareRoyal from a family-owned business to a leading supplier in the food service industry. This episode offers a rare glimpse into the collaborative dynamics between a private equity firm and its portfolio company, highlighting the strategies, challenges, and successes that drive exponential growth and value creation.Episode Highlights:00:35 - Introduction to the episode's focus on value creation within private equity.01:30 - Scott Milberg shares the history and evolution of AmerCareRoyal.07:05 - Discussion on HCI's approach to value creation and portfolio company growth.18:59 - The role of job creation in private equity's contribution to the economy.24:53 - Scott Milberg outlines four pillars of AmerCareRoyal's value creation strategy.38:13 - Best practices for CEOs working with private equity firms.41:36 - Future challenges and opportunities in continuing the path of value creation.For more information on AmerCareRoyal, go to www.amercareroyal.comFor more information on Scott Milberg, go to www.linkedin.com/in/scott-milberg-92b56018/In this episode, listeners are treated to an in-depth conversation that spans the initial acquisition of a family-owned business by HCI, through the strategic expansions and operational enhancements that catapulted AmerCareRoyal to nearly a billion in revenue. Scott Milberg's firsthand account provides valuable insights into the CEO's role in navigating the partnership with a private equity firm, emphasizing the importance of alignment, transparency, and a shared vision for growth. Doug McCormick's contributions shed light on HCI's philosophy towards fostering sustainable growth and the critical role of human capital in achieving transformational success. This episode is a testament to the power of strategic private equity partnerships in driving innovation, growth, and economic impact.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

About the Episode: In this episode of "Best But Never Final," Lloyd Metz, Doug McCormick, and Sean Mooney dissect the intricate incentive structures and financial mechanics at the heart of the private equity world. They embark on a detailed exploration of how limited partners (LPs) kickstart the momentum within the private equity sphere, influencing strategies and operations down to the portfolio companies. This episode is an essential listen for those looking to grasp the strategic foundations of private equity, offering a thorough understanding of the sector's dynamics from investment initiation to portfolio company transformation.Episode Highlights:[00:00:34]: Introduction to the dynamics of private equity and the pivotal role of limited partners (LPs).[00:06:47]: Insights into the critical financial metrics of IRR (Internal Rate of Return) and MOIC (Multiple of Invested Capital).[00:13:04]: Examination of how LP expectations shape private equity firm strategies.[00:21:17]: Discussion on the operational and strategic implications for portfolio companies within the private equity ecosystem.[00:28:29]: The evolution of value creation strategies beyond financial engineering in private equity.[00:34:35]: Reflections on the broader economic impact of private equity, including job creation and market efficiency.This episode peels back the layers of private equity, revealing the financial principles and incentive systems that drive the industry. Starting with the role of LPs in setting the stage for private equity investments, the hosts delve into the importance of IRR and MOIC in guiding private equity firms' strategies. They discuss the evolving nature of value creation within the industry, highlighting the shift towards operational and strategic enhancements. Through engaging dialogue, the hosts illuminate the alignment of incentives across the private equity value chain, underscoring the industry's significant contributions to economic growth and job creation. This comprehensive discussion offers valuable insights for professionals within the private equity sector and those curious about its inner workings.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this insightful episode of "Best But Never Final," join hosts Sean Mooney, Doug McCormick, and Lloyd Metz as they delve into the critical phase of private equity – the exit strategy. Learn how seasoned professionals approach the endgame of their investment journey, ensuring they've built businesses that can withstand market volatility and attract the right buyers. The trio shares their wisdom on timing the market, fostering durable business models, and the importance of long-term value creation over short-term gains. They also explore innovative financial tools like continuation vehicles and partnership deals that provide both liquidity and the opportunity for sustained growth.Key takeaways include:1:29 - The impact of exit timing on total return profiles.7:20 - Strategies to build businesses that thrive through market cycles.17:19 - The nuanced art of balancing investor IRR expectations with long-term business health.25:44 - Bringing in a General Partner (GP) to help prepare for an exit.36:05 - Common pitfalls to be aware of when considering an exit.Listeners will gain a deeper understanding of the private equity landscape, from assessing macroeconomic indicators to geopolitical risks, and how these factors influence exit planning. This episode is a treasure trove of actionable advice for business owners considering PE investment, limited partners, and rising PE professionals looking to sharpen their acumen and navigate the complexities of the private equity world.Don't miss the next episode, where we'll discuss aligning management incentives with equity ownership, and how this drives company performance and successful exits. Tune in to "Best But Never Final" for unparalleled industry insights that keep you ahead of the curve.For more information on the podcast, visit https://www.bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Welcome to the inaugural episode of "Best But Never Final," the podcast that grants you exclusive access to the private equity (PE) playbook, unlocking the secrets of market mastery, business model optimization, and team excellence. Join our esteemed hosts—Lloyd Metz, Doug McCormick, and Sean Mooney—as they guide you through the corridors of private equity, unveiling the strategies that shape successful investments and drive business innovation.In this episode, our hosts, each a titan of the private equity realm, share their profound insights and diverse experiences. Lloyd Metz, a partner at ICV Partners, delves into the importance of market dynamics and the significant role they play in propelling businesses forward. Doug McCormick, co-founder and managing partner of HCI Equity, discusses the critical aspects of business models and how they serve as a foundation for sustainable value propositions. Sean Mooney, founder and CEO of BluWave, provides a unique perspective, bridging his extensive PE background with the entrepreneurial challenges of starting and scaling a business.Our discussion begins with an exploration of market evaluation—how private equity professionals assess the competitive landscape and identify growth opportunities. Learn why a strong market can carry all participants and how identifying the right market can set your investment up for unparalleled success.Next, we dissect the essence of a robust business model. Understand the financial indicators that signal a company's potential and the underpinnings of high-margin operations. Our hosts highlight the necessity of aligning business models with firm strategies and the significance of adapting organizational designs for transformative growth.But what fuels the engine of private equity success? People. The episode emphasizes the critical role of team evaluation in PE investments. Our hosts discuss the art of assessing leadership and the importance of cultural alignment, grit, and perseverance. Discover why financial performance is often a lagging indicator of a team's effectiveness and how a culture of continuous improvement can be the difference between good and great.As we peel back the layers of private equity, it becomes clear that the path to success is not linear. It's a complex journey requiring a nuanced understanding of market trends, business structures, and human capital. "Best But Never Final" embodies the notion that private equity is a relentless quest for excellence, where strategy, culture, and execution intersect to create extraordinary outcomes.This episode is a masterclass for anyone looking to navigate the private equity landscape, from mid-level professionals to CEOs and business owners. Whether you're an investor seeking to enhance your portfolio or an entrepreneur aiming to scale your enterprise, the insights shared here will equip you with the knowledge to leverage private equity principles to your advantage.For more information on the podcast, visit https://www.bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Dive into "Best But Never Final," where hosts Sean Mooney, Lloyd Metz, and Doug McCormick unfold the blueprint for transformative growth in private equity (PE). This episode, a beacon for investors and entrepreneurs alike, reveals how PE experts craft a future of prosperity for potential investments before the ink dries on the deal.Uncover the strategies that align investor visions with entrepreneurial aspirations, ensuring a partnership that thrives on mutual goals and trust. Learn how candid conversations and understanding the entrepreneur's mindset are crucial in setting the stage for success. Our hosts discuss the importance of not only recognizing what a business is but also envisioning what it could become with the right resources and guidance.The dialogue delves into the functional areas ripe for innovation, such as pricing strategies, operational efficiencies, and IT systems. Discover how these areas can be leveraged to fuel growth and scale businesses effectively. The episode also highlights the role of the CFO as the strategic navigator, providing CEOs with data-driven insights essential for steering the company's course.When it comes to team building, the conversation challenges the stereotype of PE as cost-cutters, showcasing how firms actively invest in talent to drive transformation. The hosts explore the nuances of identifying and nurturing an entrepreneur's skills, leading to significant role changes that align with the company's growth trajectory.As we conclude, the episode sets the stage for the next topic—preparing for a successful exit. Stay tuned for strategic insights on ensuring a company is not just ready for acquisition but is an attractive prospect for its future steward.Subscribe to "Best But Never Final" on Apple Podcasts for a journey through the PE landscape, offering invaluable insights into the strategic thinking that underpins transformative growth.For more information on the podcast, visit https://www.bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

Welcome to the third episode of "Best But Never Final," where private equity (PE) veterans Sean Mooney, Doug McCormick, and Lloyd Metz usher in the new year with a candid discussion on the lessons learned and the strategies for the future. As we turn the calendar page, our hosts delve into the significance of year-end reflection, the importance of process optimization before technology adoption, and the anticipation of trends shaping the investment landscape in 2024.This episode serves as a masterclass for limited partners, business owners considering private equity investment, and rising private equity professionals. It offers a unique blend of personal introspection from our hosts and their professional acumen, providing a holistic approach to business and life. Discover how they evaluate the past year's successes and setbacks, and how these insights inform their forward-looking plans.Listen as the conversation covers the value of mindfulness and gratitude in personal life, the impact of AI technology on business processes, and the tactical steps businesses take to future-proof against an ever-evolving economic backdrop. The hosts share their perspectives on the macroeconomic indicators that guide their investment decisions and the importance of staying agile in a world of geopolitical uncertainties.This episode is not just about setting resolutions but about actionable strategies that will resonate with anyone aiming to navigate the complexities of the private equity world with confidence. Tune in to "Best But Never Final" and join a community that values the power of reflection, the pursuit of growth, and the wisdom to embrace change.For more information on the podcast, visit https://www.bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

The "Best But Never Final" podcast is a treasure trove of actionable insights for business builders, presented by a trio of seasoned private equity veterans. This podcast is an essential resource for mid-level, early-career private equity professionals, founders, CEOs, and anyone interested in the transformative power of private equity.Our hosts bring a wealth of experience to the table. Doug McCormick, managing partner and CIO at HCI Equity Partners, has nearly two decades of experience in the firm, specializing in creating significant value in lower middle market companies. Lloyd Metz, Managing Director at ICV Partners, brings over twenty years of expertise in guiding companies at the lower end of the middle market to achieve their full potential. Completing the trio is Sean Mooney, founder and CEO of BluWave, who, as a long-term private equity investor, has extensive experience as a deal team member and investment committee partner at a leading private equity firm."Best But Never Final" is more than just a podcast—it's a journey into the minds of private equity experts. Listeners will gain a deep understanding of how private equity professionals think and operate. For CEOs, the podcast is a guide on how to collaborate effectively with PE sponsors and leverage the private equity playbook to augment the value of their companies.The show goes beyond just private equity mechanics; it also provides valuable context by discussing key trends in the business world, the economy, and private capital markets. Understanding how the private equity world navigates economic cycles to advantage their companies is crucial. The hosts will share insights on creating opportunities out of challenges and how business builders can thrive in various economic climates.The podcast's name, "Best But Never Final," encapsulates the essence of private equity—a sector that is perpetually striving for excellence, where the term 'best and final offer' is merely a starting point. In private equity, as in life, the work truly begins post-investment, and adapting to an ever-changing landscape is paramount. This name reflects the relentless pursuit of excellence and the understanding that in business, as in life, one is never truly done; there is always room for improvement and growth.Doug and Lloyd echo this sentiment, emphasizing that the pursuit of excellence is a continuous journey, not a destination. This philosophy is not confined to private equity alone; it's a principle that can be applied to all aspects of life and business.Listeners of "Best But Never Final" can expect a series that is not only informative and educational but also engaging and inspiring. The podcast promises to add value to its audience by equipping them with the knowledge and strategies to excel in the private equity space.For more information on the podcast, visit https://www.bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

In this special episode of the Karma School of Business Podcast, we bring you a curated list of impactful book recommendations from our esteemed private equity industry guests, offering a wealth of knowledge to enhance your strategic thinking and personal growth. 1:34 – Author Nick Shaw's poignant and insightful "My Teacher, My Son," is a book that promises to transform your perspective on life and leadership My Teacher, My Son: https://www.amazon.com/My-Teacher-Son-Lessons-Life/dp/B0CH7F5MGW 5:06 - Dive into the intricacies of technological advancements with Managing Partner Scott Estill's picks, "Chip Wars" by Chris Miller and "AI 2041" by Kai-Fu Lee and Chen Qiufan Chip Wars: https://www.amazon.com/Chip-War-Dominate-Critical-Technology/dp/B09TX24J5Y/ AI 2041: https://www.amazon.com/AI-2041-Ten-Visions-Future/dp/B08SFL53HL/ 9:50 - Gain historical business insights from private equity operating partner Joe DeLuca's favorite, “The Making of the Atomic Bomb” by Richard Rhodes. The Making of the Atomic Bomb: https://www.amazon.com/Making-Atomic-Bomb-Richard-Rhodes/dp/1451677618 13:00 – Entrepreneur and attorney Scott Becker emphasizes the significance of team building with “Good to Great” by Jim Collins and the importance of health and longevity with “Outlive” by Peter Attia. Good to Great: https://www.amazon.com/Good-to-Great-Jim-Collins-audiobook/dp/B003VXI5MS/ Outlive: https://www.amazon.com/Outlive-Longevity-Peter-Attia-MD/dp/0593236599/ 16:25 – Private equity partner John Kirk reminds us of the power of collective success over individual correctness through “Us” by Terrence Real Us: https://www.amazon.com/Us-Getting-Build-Loving-Relationship/dp/B09BBN9LGW/ 19:48 – PE operating partner Brit Yonge explores the sovereignty of choice in Viktor Frankl's “Man's Search for Meaning.” Man's Search for Meaning: https://www.amazon.com/Mans-Search-for-Meaning-audiobook/dp/B0006IU470/ 23:35 – Private equity managing director Doug Horn provides a glimpse into the future of industry and geopolitics with “The End of the World is Just the Beginning” by Peter Zeihan and celebrates American entrepreneurial spirit in “Americana” by Bhu Srinivasan The End of the World is Just the Beginning: https://www.amazon.com/End-World-Just-Beginning-Globalization/dp/B09CS8FRRD/ Americana: https://www.amazon.com/Americana-Bhu-Srinivasan-audiobook/dp/B075659K9K/ 26:41 – PE managing director Mohit Kansal underscores the value of data over narrative with “Moneyball”by Michael Lewis. Moneyball: https://www.amazon.com/Moneyball-Michael-Lewis-audiobook/dp/B005FFRQYS/ 28:23 – Private equity managing director Marshall Phelps draws leadership lessons from "Washington" by Ron Chernow and delves into the intrigue of "Conspiracy" by Ryan Holiday Washington: https://www.amazon.com/Washington-Ron-Chernow-audiobook/dp/B0045XYQ12/ Conspiracy: https://www.amazon.com/Conspiracy-Ryan-Holiday-audiobook/dp/B0794CLD44/ 32:35 – Private equity managing partner Doug McCormick offers a refreshing perspective on global progress with "Factfulness" by Hans Rosling. Factfulness: https://www.amazon.com/Factfulness-audiobook/dp/B07BFDCWZP/ Join us as we explore these diverse and thought-provoking works that have shaped the minds of business leaders and will undoubtedly influence your approach to business and life.

Perhaps the most important element of portfolio company value creation relates to the culture and values of the people tasked with growing the business. How are private equity firms creating a compelling vision that attracts talent in this environment? What are the key lessons learned and takeaways from the seasoned professionals who have built successful businesses with culture being a guiding factor? In this episode of Private Equity 360, National Private Equity Practice Leader, Bob Woosley does a deeper dive on the “human capital strategy” of value creation with Doug McCormick, Managing Partner and Kate Rodriguez of HCI Equity Partners, and Dan Rodstrom, CEO of Tech24, a portfolio company of HCI Equity Partners.

How can M&A Masters tap into the power of human capital? In this episode, I'm joined by Doug McCormick, Managing Partner and Chief Investment Officer of HCI Equity Partners. He'll give an inside look at his firm, which partners with family and founder-owned manufacturing, services, and distribution companies in the lower middle market.  Doug will break down his firm's unique strategy that transforms businesses through 3 initiatives. He'll also share: Why human capital is a gamechanger How his firm's history has shaped its strategy Why building a team is an art, not a science Insights about helping business owners build legacies And more

Doug McCormick is a Co-Founder and Managing Partner at HCI Equity Partners and oversees the origination, management and development of the firm's investments. Mr. McCormick joined the HCI team in 1999 and has served as a Managing Partner since 2006. HCI Equity Partners is a Lower Middle Market Private Equity Firm that targets growth-oriented, independently owned manufacturing, service and distribution companies. The company aims to deploy $15 to $75 million per investment either upfront or over time. The firm is headquartered in Washington, DC. Doug received his Master of Business Administration from Harvard Business School and his Bachelor of Science in Economics from the U.S. Military Academy at West Point. Mr. McCormick previously served as a Captain in the U.S. Army's 25th Infantry Division, receiving numerous awards for performance and achievement. In this episode, we'll discuss: HCI Equity Partners' innovative investment strategy and its impact on business growth The importance of leveraging the operations team to improve the portfolio Doug McCormick's military background and the differences between leading in the service and business How owners considering selling should vet their private equity partner HCI's three-pronged approach for transforming companies into industry leaders Short-term and long-term trends accelerated by the pandemic and their implications for businesses Applicable lessons learned from Doug's career His personal finance book Family Inc.

Host Sean Mooney sits down with HCI Equity Partners Co-Founder and Managing Partner, Doug McCormick, to discuss building world-class teams, how to scale your leadership along with your business and company culture, how HCI Equity Partners helps entrepreneurs realize their vision, and more. At the end of the day, good values and work ethic win. To learn more, visit: https://bit.ly/3CfZxmZ

Doug McCormick is a Managing Partner and Co-Founder of HCI Equity Partners, a lower middle market private equity firm focused on partnering with family and founder owned manufacturing, service and distribution companies. Doug has been an active investor in numerous markets to include aerospace, defense, distribution, food services, packaging, manufacturing, outsourced business services, transportation and logistics. He currently serves on the board of AmercareRoyal, Echelon Supply & Service and Pacific Defense and serves as board chair for Consolidated Hospitality Supplies, MSI Express, SDS Rx and Tech24.  Doug actively supports the veteran community as the Chairman of Team Red, White and Blue. He is also a member of the board of trustees and Chair of the investment committee for the National Endowment for Financial Education (NEFE); a board member of The Heritage Group, founding member of Capital For Children, and a 2011 Henry Crown Fellow. Doug is the author of Family Inc. and uses this content to empower others with financial literacy skills, with an emphasis on the veteran community. His work and recommendations regarding investing and personal finance topics have been cited or featured by leading media outlets such as The Wall Street Journal, The NY Times, USA Today, CNBC, PBS, NPR, TIME, Investor's Business Daily, Fast Company, The Larry Kudlow Show, Huffington Post, Motley Fool, The Art of Manliness and others. Before founding HCI Equity, Doug was a Managing Partner at Thayer Hidden Creek and Thayer Capital and worked in the Investment Banking Division of Morgan Stanley & Co. He also served as a Captain in the U.S. Army's 25th Infantry Division. Doug received his Master of Business Administration from Harvard Business School and his Bachelor of Science in Economics from the U.S. Military Academy at West Point, where he served as First Captain of the Corps of Cadets and Captain of the Army Wrestling team.

On this episode of Roger the Wild Child Show, we are joined by country music musician and singer/songwriter, Ryan Jewel, along with Texas based singer/songerwriter, Brandi Behlen!RYAN JEWELLike many artists, Ryan Jewel was drawn to music at a young age. When he got his first guitar, there was no turning back. By high school, Ryan started playing with the idea of becoming a professional musician. By his sophomore year at Clemson University, Ryan and his fellow bandmate, Andrew Beam, were burning up every bar, club, sorority, and fraternity party they were able to. They went by the name Beam & Jewel and played 3 nights a week for the remainder of Ryan's college career.A native of Front Royal, Virginia, the country music singer/songwriter released his first EP "Up on the Drive" in 2016. This EP helped him gain traction with his music career around his hometown, the Shenandoah Valley, and further. Along with his EP, Ryan was a runner-up in the 2015 Texaco Country Showdown, a nationwide talent search, which solidified Ryan's calling for a music career. Ryan has had the privilege of being the opening act for some major country artist's such as Marty Stuart and Lauren Alaina. He has also shared the stage with fellow Nashville artists, and Clemson buddies, Cody Webb and Doug McCormick. Ryan's rich, baritone vocals, paired with his authentic songwriting, which reflect his own life experiences, have help build him a strong fan base who enjoy Ryan's "what you see is what you get" style of shows and attitude.When Ryan moved to Nashville in 2017, he hit the ground running; signing a management deal with Harmony Music Group Mgt just two weeks after moving to town. "If we didn't sign him, someone would've jumped all over him as soon as he opened his mouth around town and started singing" - (Fred Conley) He started singing demo's for many established writers around town and soon after, began writing with many of those same writer's. Ryan recently released his second studio EP "Heads, i'm yours..." to all digital platforms and is currently selling hard copies along with new merchandise at all of his shows. BRANDI BEHLEN“Passionate. Talented. Dreamer."These are some of the words that come to mind when describing Brandi Behlen. For her, music is not just about entertainment: it's a very special form of communication that can reach deep into a person's soul. This award winning Texas-based country singer and songwriter loves to share her songs with the world. There is no gig too small or too big, and there is no place where she wouldn't play as long as there is an audience. She has performed all over the state and beyond, winning over her audience with catchy melodies, earnest lyrics, and great showmanship.Brandi is a risk taker with her sound, always challenging herself to set the bar higher. At the same time, her songs have a warm, familiar vibe to them, echoing the tradition of the best country artists. Her voice is energetic, yet uplifting and relatable. Whether she is singing a mellow ballad or an upbeat track, she knows how to hit the spot and create the perfect atmosphere. Through her music, she hopes to inspire people the same way her grandpa and uncles inspired her, as she would sit there as a child awestruck, watching them play their band and charm the audience!Brandi's debut single, "Daddy's Money", peaked at #31 on Texas Regional Radio Report in 2019. Brandi followed "Daddy's Money" with a few other singles- all topping in the top 40 in the Texas charts. She even put out a couple Christmas songs. Currently, Brandi is promoting her debut EP out of Nashville. The record is available NOW!Stay tuned to find out more and let the music tell you the rest of the story.”

“My chairman of the board for team RWB, First Captain in West Point class of 1991, Doug McCormick says that bias for action is very important because you're going to learn a lot just by rolling up your sleeves and doing. And so even if you start something and it only lasts for two years or three years, or it doesn't succeed — it might very well be setting you up for success in some arena or some way that you didn't expect.” — Mike Erwin-------Episode Timestamps:*(2:05) - Pitching at West Point and Mike's overall experience*(4:25) - Balancing Team Red, White & Blue and the military *(6:40) - When an idea becomes a living-breathing entity*(8:05) - Scaling a non-profit organization*(12:30) - The guiding mentors that helped Mike along the way*(15:40) - Mike publishes his first book: Lead Yourself First: Inspiring Leadership Through Solitude*(19:10) - Mike's new book is coming out soon: Leadership is a Relationship: How to Put People First in the Digital World*(25:00) - The next phase of leadership, psychology, and humanity*(29:40) - How Mike balances everything he has going on*(32:00) - The Sitrep*(36:50) - What stresses Mike out and how he reframes his thinking*(39:40) - Giving Back LinksConnect with Mike on LinkedInFollow Mike on TwitterPre-order his upcoming book: Leadership is a Relationship: How to Put People First in the Digital WorldFollow Eddie on TwitterConnect with Old Grad Club on LinkedInwww.oldgradclub.com

Your labor assets (your salary + future potential salary) might be your most important financial asset. Doug McCormick, the author of Family Inc., joins the show and explains how the CFO of your family should manage financial decisions, from labor decisions to estate planning. Are you the CFO of your family? Do you know how to take a big picture view of your family’s assets? Doug McCormick takes a holistic view that includes all aspects of family finances, including your labor asset – how much you can earn. The key is to think big, identify all your assets, and make sure that they work together. Does your family need a trust? Trusts date back to medieval England and the Crusades when knights entrusted the priests of the church to take care of their property while they were gone. The idea behind the creation of a trust is to depend on someone else to look after your property with your best interest in mind. Listen to learn about the different personalities involved in setting up a trust: the settler and the trustee. Benefits of having a trust include avoiding probate. Trusts also maintain privacy and can make things easier. To learn more about Doug McCormick visit FamilyInc.com or follow him on Twitter @doug_mccormick. You can also read his book Family Inc.. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.

In episode 194 Meb and Doug kick off the conversation about thinking about a family as a business. Doug discusses the idea that people effectively have two businesses, selling labor in the marketplace, and converting income into financial assets. Doug expands on that by covering the family CFO framework, and that the job of the family CFO is much like a corporate CFO in that they must manage risk and liquidity with the family’s balance sheet. The pair also get into entrepreneurship and thinking about the role entrepreneurship can play in wealth generation. Meb and Doug then get into common mistakes people make, such as underappreciation of a long horizon. They then transition into approaching conversations about wealth with Family, starting with acknowledgement that wealth without management, values, and education can be a liability. As the conversation winds down, Meb and Doug cover some ground about Doug’s day job as a private equity investor and some best practices for private equity allocators. All this and more in episode 194, including Doug’s most memorable investment.

In this episode, I talk with Doug McCormick about his book, "Family Inc." We also talk about how to build personal financial wealth, the best way to pick a financial planner, and much more. The post Ideas: Doug McCormick — Family Inc.: Using Business Principles to Maximize Your Family’s Wealth appeared first on Adam Kirk Smith.

Family Inc. A Roadmap To Financial Security With Doug McCormick http://becomingyourbest.com See acast.com/privacy for privacy and opt-out information.

Overwhelmed by paying down debt, saving for emergencies, and investing for retirement? Learn how to prioritize where your money should go to maximize returns! How's this year going for you? For us, it's pretty good. We made some big goals at the beginning of the year including saving up to finish our basement, planning a family trip outside the country, and paying down our mortgage faster. If you're trying to tackle several goals at once, you probably understand how slow progress feels sometimes.  Today financial advisor and Family Inc author Doug McCormick and I chat about how to prioritize your goals.  Hope you enjoy!  Resources to Define Your Priorities and Big Goals Whether it’s a joint or personal goal, there are handy resources available to help you two achieve your dreams. What is It Like to Be Married to a Financial Planner?  How Our Financial Goals Followed Our Family What’s Your One Page Financial Plan? Jumpstart Your Marriage and Money Course Want to give your marriage and bank account a boost? Pick up Jumpstart Your Marriage and Money course. Jumpstart focuses on the big wins including earning more. Get LIFETIME access to a four-week course design to help you: Stop fighting about money and create a budget that you BOTH LOVE Automate your money Pay off your debt faster Plus more! You can get lifetime access here! Music Credit Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Logan from Music for Makers in this episode.

Doug has a lifetime of experiences that provide the foundation for the framework, principles and tools in Family Inc.    During his professional career, he has served as an active duty Army officer, attended Harvard Business School, worked as an investment banker and a private equity investor and finally became an entrepreneur as co-founder of HCI Equity Partners where he serves as Managing Partner overseeing all aspects of the firm’s strategy, investments and operations.    Get bonus access to more information and bonus content here More ways to get involved If you have found anything useful in this episode, then please leave a comment and rate the show.  If you would like to ask Geoff a question or suggest a topic to cover on the show, please email him at podcast@geoffnicholson.co.uk Get all the latest information about the show at the shows (http://facebook.com/successiqpodcast) and join in on some of the Facebook Lives, it would be lovely to see you there 

On today's show we talk to private equity investing expert, Doug McCormick. Doug has been a private equity investor for two decades and his company has assets under management in excess of a billion dollars.Click here to view to full show notes.In this episode, you'll learn:How does the private equity model work?What happens when a private equity company makes an acquisition?Why has private equity industry outperformed the stock market and will it continue?Which critical factors determine if a takeover is successful or not?

We all know that eating better and staying active are necessary components to living well. But what about the other areas of our life that often spill over into our diets and exercise? Things that cause us added stress or even fear such as when we are having trouble with our finances? Today's guest Doug McCormick is going to be our financial personal trainer, teaching us the simplest and most effective tools to use to bring up our economic wellness. Make sure to check out his website here for some amazing financial planning tools and resources to put you on your path to becoming your very own Family Chief Financial Officer. Also, Doug's book Family Inc. can be found here on Amazon. This episode is sponsored by Health IQ. HIQ uses science & data to secure lower rates on life insurance for health conscious people including runners, cyclists, strength trainers, vegans, and more. In fact, 56% of HIQ customers save between 4-33% on their life insurance. Like saving money on your car insurance for being a good driver, Health IQ saves you money on your life insurance for living a health conscious lifestyle. Learn more and get a free quote at www.healthiq.com/efr.

Looking for the best ways to build a strong financial future for yourself and your family? Have you considered managing your family finances like a business? Host Jordan Goodman talks with Doug McCormick about why McCormick advises families to manage their finances like a business and what that looks and feels like. McCormick is a big proponent of developing your financial self worth so that you can develop your financial future. Goodman and McCormick talk about the major ideas from McCormick's book, Family Inc, and why McCormick is such a strong advocate for his system of family money management. McCormick believes that family financial security is the culmination of a lifetime of better financial decisions.

Looking for the best ways to build a strong financial future for yourself and your family? Have you considered managing your family finances like a business? Host Jordan Goodman talks with Doug McCormick about why McCormick advises families to manage their finances like a business and what that looks and feels like. McCormick is a big proponent of developing your financial self worth so that you can develop your financial future. Goodman and McCormick talk about the major ideas from McCormick's book, Family Inc, and why McCormick is such a strong advocate for his system of family money management. McCormick believes that family financial security is the culmination of a lifetime of better financial decisions.

Doug possesses a lifetime of experiences as an investment banker, investor and entrepreneur that make him an authority on how you can create financial independence and accumulate real wealth. Top 3 Value Bombs: 1. Build a business that will survive and thrive without you. 2. Focus on building a good team, because it’s what will get you to success. 3. The old economy is not outdated in terms of profitability; probability of business success is still high. Check out Doug’s book - Family Inc Sponsors: 8fit: Turns working out and eating healthy into the easiest thing on your to- do list! Start building habits for a healthy lifestyle today! Visit www.8fit.com/fire to claim a special JLD listener discount on an 8fit Pro membership! FreshBooks: FreshBooks helps you score daily wins in your battle against paperwork! To receive your free 30-day trial - no credit card required – visit FreshBooks.com/fire and enter Entrepreneurs On Fire in the “How Did You Hear About Us” Section!

200: Bunker Labs Chairman Doug McCormick Doug McCormick has gone from being on active duty, to having an MBA at Harvard, to being an employee at a Wall Street investment bank, to being a private equity investor and finally now as entrepreneur. Here he shares with us the different programs and opportunities they have for veterans at Bunker Labs. Tune in! "The vision of Bunker Labs is that every veteran in America has access to the community, the network, and the resources to realize their entrepreneurial potential." - Doug McCormick From the Military to Finance Doug graduated from the U.S. Military Academy at West Point with a degree in BS Economics. He graduated at the top of his class while serving as First Captain and Co-Captain of the Army Wrestling team. His career in the military ultimately led him to serve in Hawaii. In the mid-90's, he got out and went to pursue an MBA at Harvard. And for two decades now, he's worked as a professional investor who manages money for institutional clients. Bunker Labs is among the companies he became a part of and is enabling him to stay connected with the veteran community. The Bunker Labs Community for Veterans At Bunker Labs, they provide veterans with a space and opportunity to explore their potential in entrepreneurship. For this, they try to create a collaborative environment where veterans could freely grow their network and learn from various educational resources. Challenges for the Military in Transition Many veterans are becoming interested in entrepreneurship. There are typically two challenges they face in the transition: (1) having limited resources to start with, and (2) having a less developed network that could help open doors of opportunity for them.         To hear from Doug McCormick and learn about the work that they are doing at Bunker Labs, download and listen to this episode. Don’t forget to leave us a 5-star rating and review if you enjoyed the show. We would love to hear from you! Check out these links from Doug McCormick: Family Inc. book Transitions 2.0 book Download Joe Crane’s Top 7 Paths to Freedom or get it on your mobile device. Text VETERAN to 38470. Guest Bio Doug McCormick Doug McCormick is a professional investor, army veteran, entrepreneur, and now author of Family Inc.: Using Business Principles to Maximize Your Family's Wealth. Not your typical money manager, he partners with families and entrepreneurs to build and grow their businesses in order to create long-term value. Join the Veteran on the Move on Facebook! Check out Veteran on the Move on Facebook to connect with our guests! It’s also a great place where you can stay in touch with other veterans who are transitioning to entrepreneurship, and get updates and free gouge on the people programs and resources to help you in your transition to entrepreneurship. The Veteran On the Move podcast has published over 150 episodes giving listeners the opportunity to hear in-depth interviews conducted by host Joe Crane featuring the people, programs and resources to assist veterans in their transition to entrepreneurship: Marine Corps, Army, Navy, Air Force and Coast Guard veterans, DOD, entrepreneurship, business, success, military spouse, transition, education, programs and resources.  Veteran On the Move has garnered over 500,000 listens verified through Stitcher Radio, Sound Cloud, Itunes and RSS Feed Syndication making it one of the most popular Military Entrepreneur Shows on the Internet Today.  

Reach Us Here: Doug- @DJDoug Strickland- @NiceGuyonBiz Doug McCormick - @doug_mccormick   Show Notes by Show Producer: Anna Nygren     Understanding the Love/Hate Relationship of Money   In this episode, Doug and Doug discuss: Doug's 7 year old self and stocks Where Doug's financial consistency is Financial advice The details   Key Takeaways: We should all look at ourselves as business owners - you're in the business of selling your labor and managing your money Financial concepts and implementation of them is a life long journey Get rid of the super detailed budget!! Think about how you can grow your wealth instead of depriving yourself of things   "Financial security and wealth is less about being talented and working hard and more about understanding the game and having a framework." - Doug McCormick   Connect with Doug McCormick:   Twitter: @doug_mccormick Website: http://familyinc.com/ Book: http://familyinc.com/books/family-inc/ Contact: http://familyinc.com/contact/     Nice Guys Sponsor: Interview Valet is the  best podcast booking service. They are the leader in Podcast Interview Marketing to help you easily turn listeners into leads.   Nice Guys Links Support the podcast at www.Patreon.com/NiceGuys   Subscribe to the Podcast   Niceguysonbusiness.com   TurnkeyPodcast.com - You're the expert. Let us help prove it. Podcast Production, Concept to Launch   Book Doug and/or Strick as a speaker at your upcoming event.   Amazon #1 Best selling book Nice Guys Finish First. Doug's Business Building Bootcamp (10 Module Course)   Survey: Take our short survey so The Nice Guys know what you like.     Partner Links: Amazon.com: Click before buying anything. Help support the podcast.   Interview Valet:  Get interviewed on top podcasts and share your message.   Acuity Scheduling: Stop wasting time going back and forth scheduling appointments   Social Quant - Boost your Twitter following the right way. Targeted reach     Promise Statement: To provide an experience that is entertaining and adds value to your life.   Don't underestimate the Power of Nice.

  My guest in this episode is Doug McCormick. Doug has a lifetime of experiences that provide the foundation for the framework, principles and tools in Family Inc. As a professional investor, he has spent two decades creating value for institutional investors by partnering with families and entrepreneurs to build and grow their businesses to create sustainable long-term value. The lessons in Family Inc. reflect his own journey to achieving financial independence which began at the age of seven, when his Dad helped him purchase AT&T stock. During his professional career, he has been an active duty Army officer, a Harvard Business School student, an investment banker, a private equity investor and finally entrepreneur as co-founder of HCI Equity Partners. His writings and recommendations about financial literacy and veteran causes have been cited or featured by major media outlets to include The NY Times, Wall Street Journal, USA Today, CNBC, TIME, PBS, NPR, Investor’s Business Daily, Fast Company, American Association of Individual Investors, The Larry Kudlow Show, Stars & Stripes, Home and Family Finance Radio, Military.com and The Motley Fool. Interview Links: Family Inc. Family Inc Website If you have enjoyed our podcast, please share with friends and family Please Subscribe, Rate, and Review on Itunes so more people can find us! so more people can find us! Please Support Us by Becoming A Patron on Patreon Support Our Sponsors Cashflow Tactics, will show you how to collapse time in your financial plan and become financially in 10 years or less. You can register for a free webinar to show you exactly how to do that at: https://cashflowtactics.com/ninja Gelt Inc.,  is committed to providing investors with quality, cash-flowing investment opportunities and is seeking to acquire multifamily, retail, and mobile home park properties in the Western United States with an emphasis in California, Utah, Nevada, Arizona, Colorado, and Oregon. www.geltinc.com The Real Asset Investor, create value for investors looking for higher yield returns from real estate ventures domestically and also internationally and other real asset classes such as ATM's. www.therealassetinvestor.com Joint Ops Properties, have designed a system to take any beginner to an experienced deal making investor in the least amount of time, offering opportunities from basic education, coaching, bridge investing to turn-key investments in the cash flowing market of St. Louis, MO. www.jointopsproperties.com Norada Real Estate helps take the guesswork out of real estate investing.  By researching top real estate growth markets and structuring complete turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability. www.noradarealestate.com Valhalla Wealth Financial, reclaim the banking function within your own life with the premier strategies of the Wealthy. www.valhallawealth.com Audible, download any audio book for FREE when you try Audible for 30 days www.cashflowninjabook.com Thanks so much for joining me again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post! Also, please leave an honest review for the Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don’t forget to subscribe to the show on iTunes to get automatic updates, please follow me on twitter @mclaubscher and Instagram, @cashflowninjapodcast. Until next time! Live a life of passion and purpose on YOUR terms, M.C. Laubscher

Doug McCormick is a Managing Partner and Co-Founder of HCI Equity Partners. Mr. McCormick has been an active investor in numerous markets to include aerospace, defense, distribution, food services, packaging, manufacturing and outsourced business services. He currently serves as Chairman of the Board for AmercareRoyal and Summit Interconnect and as a board member of Naumann/Hobbs Material Handling, Inc. and Quadel Consulting Corporation. Before founding HCI Equity, Mr. McCormick worked at Thayer Hidden Creek,Thayer Capital and the Investment Banking Division of Morgan Stanley & Co. He also served as a Captain in the U.S. Army’s 25th Infantry Division. As author of Family Inc., Mr. McCormick is committed to empowering others through financial literacy with a focus on the veteran community. His writing on financial literacy and veteran economic empowerment have been covered by leading media outlets such as The Wall Street Journal, The NY Times, USA Today, PBS, Time, Fast Company and The Motley Fool. Mr. McCormick serves as the Chairman of the Board for Bunker Labs and a member of the Board of Directors for Team RWB. He is a 2011 Henry Crown Fellow, and a Founding Member of Capital For Children. Mr. McCormick received his Master of Business Administration from Harvard Business School and his Bachelor of Science in Economics from the U.S. Military Academy at West Point. Support the podcast!

Entrepreneurship, Financial Stability and Managing Your Career. As Managing Partner at HCI Equity, Doug oversees all aspects of the firm’s strategy, investments, and operations with his partners. Doug previously served as a Captain in the U.S. Army’s 25th Infantry Division. He graduated top of his class at West Point while serving as Captain of the Army Wrestling team. He also holds an MBA from Harvard Business School. Doug has a lifetime of experiences that provide the foundation for the framework, principles, and tools in his book: “Family Inc.: Using Business Principles to Maximize Your Family’s Wealth.” As a professional investor, he has spent two decades managing money for institutional clients such as insurance companies, pension funds, entrepreneurs and high net worth families. Unlike Wall Street money managers who seek to generate paper profits through passive investing, Doug partners with families and entrepreneurs to build and grow their businesses to create sustainable long-term value. His own journey to achieving financial independence began at the age of seven when his Dad helped him purchase AT&T stock.   If you don’t have time to listen to the entire episode or if you hear something that you like but don’t have time to write it down, be sure to grab your free copy of the Action Plan from this episode-- as well as get access to action plans from EVERY episode-- at JimHarshawJr.com/Action. Let's connect: Website | Facebook | Twitter About Your Host Jim Harshaw My name is Jim Harshaw. And I know where you’re at. You’re working hard and qualified for what you do but you aren’t getting what you want. You have plans on getting to the C-suite or launching a business but ultimate success seems as far away today as ever. You’re at the right place because you can get there from here.  And I can help.  Who I Am I’m a speaker, coach, and former Division I All-American wrestler that helps motivated former athletes reach their full potential by getting clarity on what they really want and taking aggressive action to lead their ideal life not just despite their prior failures but because of them. I’m a husband and father of four. And I’m a serial entrepreneur. I’ve launched multiple successful businesses as well as the obligatory failed one. I’ve been the executive director of a non-profit and have raised millions of dollars. I’ve worked in sales. I’ve even been a Division I head coach. While I was born in a blue-collar home I have spent my life surrounded by Olympians, CEO’s and millionaires. Jim Rohn said, “You are the average of the five people you spend the most time with.” I’ve been lucky. I’ve learned the habits of successful people and guess what. You’re just like them. I know because I know your type. You’re programmed for hard work, which is a prerequisite for success, but you’ve never been shown how to use what you know to create the life you want with the tools you have. I will show you how. Why You are Here You've worked hard to achieve greatness. You’ve set goals and maybe even set records. You’ve definitely failed and you’ve at some point found yourself questioning if you were on the right track. You need to understand this: You are far more prepared to succeed than those who’ve not tried, competed, struggled and overcome like you have. That’s the value of your education as someone who aims high. You are prepared to be as successful as your wildest dreams will allow. Here I will teach you, with the help of brilliant minds that have been shaped by failure, struggle, and adversity, to be who you want to be. I sense that you want this because you have read this far. To take the next step today, click here. FOLLOW JIM Website | Facebook | Twitter

My interview this week is with Army Veteran Doug McCormick. I've been very fortunate in the past couple months and have received a lot of opportunities for interviews. My cup has run over, and finally, after sitting on it for six to eight weeks, I finally have opportunity to release my interview with Doug. We talk about a few important topics, to include Veteran community, entrepreneurship and money. Note: We are not providing any financial advice and VA does not official endorse Doug’s guidance on money, but we did invite him onto the podcast because it is an important topic and respect him as a subject matter expert. If you have any questions or want to explore the ideas Doug brings, consult your family’s financial adviser or contact Doug directly using the contact information he provided. About Doug: Before joining HCI Equity, Doug worked in the Investment Banking Division of Morgan Stanley & Co., where he was involved in the completion of numerous mergers and acquisitions and acquisition-related financing transactions. Doug previously served as a Captain in the U.S. Army's 25th Infantry Division, receiving numerous awards for performance and achievement. Doug serves as a board member of Team Red White and Blue and Bunker Labs, both veterans service organizations, and is a Henry Crown Fellow. Covered in Episode 26: Where to find the #VApodcast Interview with Army Veteran Doug McCormick   Why he joined the Army His experience in the military Transitioning out of the military The value of Team RWB His thoughts on Bunker Labs Finances as a service member and transitioning Veteran Beneficiary Financial Counseling Service and Online Will Preparation #VeteranOfTheDay is Army Veteran Marty Martinez

Doug McCormick from HCI Equity talks with Linda about Private Equity investing and the role it plays in our economy – and yours! Private equity is a security that isn’t on the public exchange. The two most common types are Read more › The post MTI127: Investing in Private Equity, with Douglas McCormick appeared first on Money Tree Investing Podcast.

Learn what private equity is and the 2 types of private equity. Interview with Doug McCormick from HCI Equity Partners. What is an accredited investor? What are the 2 types of private equity? Why invest in private equity? What famous endowment invests in private equity? Why should every investor learn about private equity? For more information, go to my website at www.lindapjones.com

Aired 1/7/2017: Kiplinger’s Retirement Report editor Rachel Sheedy tells Joe and Big Al how to inherit a retirement account without paying a boatload of taxes all at once. Family, Inc. author Doug McCormick talks about how to use sound business principles to make the most of your family’s money, and the fellas answer emails about retirement contribution limits, taxation on stock dividends and splits, and the voodoo of overfunding life insurance. They also discuss Social Security and Medicare changes in 2017, and the do’s - and dont’s - of saving.

Learn how to run your family finances like a Chief Financial Officer (CFO). Interview with author of Family Inc., Doug McCormick.

Developing financial independence and creating wealth in your career.   For resources from the podcast, check out SuccessVets.com. Douglas McCormick graduated from West Point and was a Captain in the United States Army. After leaving the military he got his MBA from Harvard Business School and today he is a co-founder and managing partner at HCI Equity, as well as a board member of Team Red White and Blue. In this interview we talk about the principles in his book, Family Inc., on how to use business principles to maximize your family’s wealth.

In this episode, Preston and Stig talk to private equity expert, Doug McCormick, about using business principals to invest your family income. Doug provides some unique ways to think about spending one's time and treating it like an asset.Click here to get full access to our show notes.

My guest today on the show argues that in order to get a big picture view of your finances, you need to start looking at your family as a business and yourself as the Chief Financial Officer of Family Inc. His name is Doug McCormick and he’s a professional investor and the author of "Family Inc.: Using Business Principles to Maximize Your Family’s Wealth." Today on the show, Doug and I discuss the two types of assets you’re managing as the CFO of your family, and the business principles you can apply in your family "enterprise" to help them grow. We also discuss the metrics that corporate CFOs use to determine the health of a company and how you can use the same ones to measure the health of your family’s finances.

Self-reliance is one of the most important things we can teach our children. From a young age kids should learn not only how business works, but also how to run your personal finances like a business. In Episode 1 9 of The Motivation Inside (TMI) HCI Equity Partners co-founder Doug McCormick talks with host Anthony Scaramucci about how to develop a comprehensive personal brand and financial plan.

Season two of Listen Money Matters has officially reached 100 episodes. Thomas and Andrew have learned so much from each other and from the excellent guests we’ve had on the show. Today the guys discuss the top 10 things they have learned in 100 episodes this season. Andrew’s Lessons Having routine changes everything. Andrew learned the power of habit and made better use of his time. Having a routine has done wonders for his productivity and has actively and consciously built himself a daily routine so he can achieve more throughout that day. #gettingshitdone. Allison’s real estate investment strategy rocks. This episode caused a significant mindset shift for Andrew on how he approached wealth building. Allison inspired and opened his eyes to how easy it is to get into real estate investing. She was an excellent example of a typical family creating passive income through hard work and time. Real estate investing isn’t that hard. On a similar vain, this episode further educated Andrew on how the whole process works. He learned how hands off real estate investing could be making it a great passive income stream. Take the emotion out of money. Joan Sotkin was one of our favorite guests on the show, and her interview came just in time. Andrew was so caught up with work and was being driven by anxiety. He as approaching a burnout again and Joan was able to help him find balance. She taught him to stop worrying so much about money and focus more on healthy relationships and being in good physical health. Turn your family into a business. Great episode! Natali Morris was very inspiring and had some great advice on how to grow your family’s wealth. Since that episode, Andrew has taken the business more seriously and reduced our families costs by utilizing business write-offs. She also introduced us to the self-directed IRAs. Thomas’ Lessons The importance of Delegating Work. This was not part of an episode, but since working with Andrew, Thomas has learned to offload some work and hire some help. He was overloading himself but still resistant to the idea of having a team, but after a few of Andrews lectures, Thomas was convinced. He now has a small team, and his business is growing as a result. Investing in yourself is important. Before he started the LMM podcast, Thomas was a set it and forget it mutual funds kind of guy. This season has opened his eyes to different types of investments. One of our latest episodes was with Doug McCormick, author of Family Inc. He talked a lot about labor as one of your most valuable assets. Thomas learned it is super important to invest in yourself and your business. In the end, it could be a much better return on investment. The borrowing against your 401k battle. So, we got our asses handed to us on this one. After the borrowing against your 401k episode aired, Thomas began doing some hardcore research on the subject and learned a ton, but the real lesson for him here was understanding his responsibility as a podcaster. Everyone listening to the show has a different financial situation, so when discussing personal finance topics like this, Learn more about your ad choices. Visit megaphone.fm/adchoices

Laura interviews Doug McCormick, author of the new book Family Inc. No matter your stage in life, you'll learn how to use business and corporate finance concepts to maximize your personal finances, make the most of your opportunities, and build wealth. Read the full transcript here: http://bit.ly/1sMw4dP