You’ve all heard the story. Private equity funds a company…and there goes the CEO. Why does this happen?
Sometimes, it has nothing to do with the CEO and everything to do with how the private equity firm likes to run their companies. They want to bring in their own people, and there’s not much you can do about that.
Sometimes, there’s a miscommunication or mismatch early on in the acquisition process that leads to an early exit from the CEO.
But sometimes, it’s because PE firms don’t have confidence in the CEO’s skills — as the saying goes, “what got us here won’t get us there.”
Don’t let this happen to you. That’s why we developed our new ebook, “How to Not Get Fired As a PE-Backed CEO.”
Filled with top tips from three of our world-class coaches, all former CEOs at PE-backed companies, this five-step playbook will help any CEO succeed with private equity partners at the table, so you’re not left behind.
1. Start with a winning mindset
2. Have a growth plan
3. Plan to be off-plan
4. Build the right team
5. And more!
Remember: There are three kinds of people. Those who Make BIG Happen, those that let things happen, and those who ask, “what happened?” Which category do you want to be in?
About Mark Moses
Mark Moses is the Founding Partner of CEO Coaching International and the Amazon Bestselling author of Make BIG Happen. Mark has won Ernst & Young’s Entrepreneur of the Year award and the Blue Chip Enterprise award for overcoming adversity. His last company ranked #1 Fastest-Growing Company in Los Angeles as well as #10 on the Inc. 500 of fastest-growing private companies in the U.S. He has completed 12 full distance Ironman Triathlons including the Hawaii Ironman World Championship 5 times.
About CEO Coaching International
CEO Coaching International works with CEOs and their leadership teams to achieve extraordinary results quarter after quarter, year after year. Known globally for its success in coaching growth-focused entrepreneurs to meaningful exits, CEO Coaching International has coached more than 1,000 CEOs and entrepreneurs in more than 60 countries and 45 industries. The coaches at CEO Coaching International are former CEOs, presidents, or executives who have made BIG happen. The firm’s coaches have led double-digit sales and profit growth in businesses ranging in size from startups to over $10 billion, and many are founders that have led their companies through successful eight, nine, and ten-figure exits. Companies working with CEO Coaching International for two years or more have experienced an average EBITDA CAGR of 67.8% during their time as a client, nearly four times the U.S. average and a revenue CAGR of 25.5%, more than twice the U.S. average.