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Jeff Smith: Entrepreneurship in Beef | Ep. 66
The Beef Podcast Show
Navigating the Challenges of Business Deals in Private Equity
Private equity deals are incredibly challenging, with numerous potential obstacles such as legal issues, financial constraints, or unexpected personal circumstances. Private equity professionals typically review a large number of pitch decks, but only a small percentage of deals are actually completed. The process demands immense patience and resilience, as setbacks are common. It is crucial to understand that not everyone will share the same level of enthusiasm for a project, highlighting the importance of managing expectations and realizing that others may not be as invested as oneself. Additionally, having a strong business manager is essential to navigate the complexities of running a successful business, even in industries like veterinary medicine where technical expertise might not always align with business acumen.
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