Steven Pivnik’s Post

"The foundation of any successful exit is solid financials; once that's in place, the real value lies in whether you've built a business with a future, leaving room for growth and opportunity for a new owner." Join Steven Pivnik on this week's episode of Built to Finish, where he sits down with Bill Thomas, the Founder and Managing Partner at Acresis, LLC. Tune in as they delve into: ⭐ Founders need robust internal and external confidentiality strategies. ⭐ Always be prepared for unexpected setbacks. ⭐ Emotional readiness is just as important as financial readiness. 🔗 Catch the full episode now, links in the comments! #growth #business #leadership #founders #finance

People say "Cash is King".  But how do they look at cash in their business? In my interview on Behind the Numbers with Dave Bookbinder we discussed common misconceptions about cash flow and how it profoundly affects a business's sales, marketing, and operations. Why don't we have robust systems to manage cash flow effectively? Why is cash flow management only a function in larger companies? 𝘐 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦 𝘵𝘩𝘦 𝘵𝘺𝘱𝘪𝘤𝘢𝘭 𝘦𝘮𝘱𝘩𝘢𝘴𝘪𝘴 𝘰𝘯 𝘮𝘦𝘢𝘴𝘶𝘳𝘪��𝘨 𝘴𝘶𝘤𝘤𝘦𝘴𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘱𝘳𝘰𝘧𝘪𝘵 𝘢𝘯𝘥 𝘴𝘢𝘭𝘦𝘴. I also discussed the importance of a forward-thinking approach to financial decision-making. 𝗪𝗵𝘆 𝗶𝘀 𝗶𝘁 "𝗴𝗼𝗼𝗱 𝗲𝗻𝗼𝘂𝗴𝗵" 𝘁𝗼 𝗯𝗲 𝘀𝗼 𝗰𝗼𝗻𝗰𝗲𝗿𝗻𝗲𝗱 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗽𝗮𝘀𝘁 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗿𝗲𝗴𝗮𝗿𝗱 𝘁𝗼 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗮𝗻𝘆'𝘀 𝗳𝘂𝘁𝘂𝗿𝗲? 👇 Check out the conversation below or wherever you stream 👇 🔸 𝗦𝗽𝗼𝘁𝗶𝗳𝘆: https://spoti.fi/3TSvHLJ 🔸 𝗔𝗽𝗽𝗹𝗲: https://buff.ly/2PmoWVr 🔸 𝗚𝗼𝗼𝗴𝗹𝗲 𝗣𝗼𝗱𝗰𝗮𝘀𝘁𝘀: https://buff.ly/30XXVvo 🔸 𝗶𝗛𝗲𝗮𝗿𝘁 𝗥𝗮𝗱𝗶𝗼: https://ihr.fm/2ZTLm2cjack 🔸 𝗬𝗼𝘂𝗧𝘂𝗯𝗲: https://bit.ly/3p8NgN7 🔸 𝗥𝗩𝗡 𝗧𝗩: https://bit.ly/2XJGbVi Should we place less emphasis on the past and more emphasis on the future of the company? Should we put effort into forward-looking cash flow? Let me know your opinions in the comments! #cashflow #cashflowguru #podcast

📢 Exciting news! The latest episode of the Search Party Video-Podcast features a deep dive into the importance of Quality of Earnings (QofE) in lower middle-market acquisitions. 🎥🎙️ A huge thank you to David Snow and the Search Party team for creating such a fantastic platform to discuss these critical topics! From bridging gaps between buyers and sellers to driving value creation, QofE plays a pivotal role in due diligence—offering clarity and shaping strategies, even during challenging conversations. 💡💼 Catch the full episode on YouTube for insights that could make a difference in your next deal: https://lnkd.in/gfprrKKw Insightful acquisition advice from our Search Fund team - Ryan Turbes, CPA and Clay Brownlee, CPA. Don’t forget to connect with Boulay’s #SearchFund team: https://lnkd.in/gCdBkiiw #PrivateEquity #QualityOfEarnings #MergersAndAcquisitions #SearchFunds

Miles Valentine’s $40M exit was a huge success—so why does he feel like he left money on the table? His story is a powerful reminder for founders to get their pricing, scaling, and deal strategy right—before it’s too late. In this week’s Two Commas episode, we talk about: 📈 The hard-earned lesson behind the pricing strategy 🤝 Managing investor relationships through challenging times 🌍 The sacrifices needed to scale a business to global success This episode is full of raw, honest advice for anyone aiming to build and exit a multimillion dollar business. Episode live now—link in comments! #Exits #2Commas #LessonsLearned #ScalingGlobally

Navigating the complexities of quality of earnings (QofE) is a crucial step in any transaction—and it’s often where the real work begins. In the latest episode of the Search Party Video-Podcast, Boulay Partners Clay Brownlee, CPA and Ryan Turbes, CPA join industry experts to share insights on navigating challenging conversations, setting expectations, and how QofE impacts deal structure and post-acquisition plans.   Here, search fund entrepreneur Bob Boniface describes the critical role QofE played in his pre-acquisition evaluations and how it ultimately led to a successful acquisition of his company TransTech, even though it revealed some cold, hard truths.   Watch the full episode on YouTube: https://lnkd.in/gfprrKKw   Learn more about Boulay’s search fund team: https://lnkd.in/gP-tYgp7 #qualityofearnings #eta #searchfunds #privateequity

I recently had the pleasure of joining the Unstuck Your Business Podcast to discuss SMB exit planning and what business owners should be doing to prepare their companies for the enviable future sale of their companies. You can find the episode on Spotify using the link below. #mergersandacquistions #MandA #businesssale #SMB #Podcast https://lnkd.in/e9PYEb43

Recently, Dominic Roselli, Lucas Jinglov, and I began a finance podcast called Dawgs Talking Deals. Our objective is to educate our peers about the current financial news and data. Finding the right stories is so difficult nowadays because there's so much news, and if someone is just starting out, they're not going to know which stories are important and which aren't. That's where we come in. We talk about the most relevant M&A deals, market news, and what to look out for in the macroeconomic landscape. We felt that this would be helpful for those just beginning to involve themselves in the world of finance, whether they're studying business or pre-med. After a few episodes, I realized that we have also been educating each other during preparations and when we open a segment up for discussion. It's interesting because one of my co-hosts will analyze a company in a way I hadn't thought about before. We all come from different backgrounds, so we each have our own way of looking at the world, and there's so much chemistry between the three of us when we talk about finance and business. I strongly encourage you all to listen, and we appreciate any and all feedback! https://lnkd.in/eenN_J23

𝗧𝘂𝗿𝗻𝗲𝗱 𝗔𝗿𝗼𝘂𝗻𝗱! 𝗧𝗵𝗲 𝗣𝗼𝗱𝗰𝗮𝘀𝘁 Episode 28 When asked about the least favorite financial instrument to find on the liabilities side of the balance sheet during a restructuring, many of us would say: the promissory note. Historically, extending and restructuring promissory notes in a crisis has been incredibly challenging due to the unanimity required. However, the introduction of the StaRUG (Stabilization and Restructuring Framework) has shifted the landscape. Recently, following Leoni, a second company succeeded in restructuring a promissory note with the aid of StaRUG, the real estate firm Branicks Group AG. In the latest episode of our “Turned Around! The Podcast”, my co-host Michael Hedtstück and I delve deep into this topic. We're honored to have Andreas Ziegenhagen, Germany's leading expert in promissory note restructuring from the law firm Dentons, as our guest. Andreas shares fascinating insights into current cases and what's happening behind the scenes in promissory note restructuring, especially regarding Amend & Extend. For any restrucuturer wanting to stay up-to-date with financial restructuring, this episode of "Turned Around" is indispensable. You can find it on #Spotify, #Apple, and on the homepage of Excelliance Management Partners. Dive into the world of promissory note restructuring with us and stay informed about the latest developments and strategies.   The latest podcast and all episodes of #turnedaround are available on Spotify: https://lnkd.in/eh8fKcm3 Apple: https://lnkd.in/eYYyfrDc Excelliance: https://lnkd.in/eJUWTxsR   #transformation #turnaround #restructuring #workout #intensivecare #chiefrestructuringofficer #chieftransformationofficer #businesstransformation #turnaroundmanagement #podcast #turnedaround #CRO #CTO #restructuring #performance #strategy #finanzwirtschaftlichesanierung #restrukturierungsmaßnahmen #ta #distressed #privateequity #privatedebt #banking #m&a #Excelliance Rüdiger (Rudy) TIBBE #Restrukturierungsexperten #Sanierung #Performance #Liquiditätssicherung #Ergebnisverbesserung

Thinking Big: The Journey of Elevate’s Success What started as a side hustle turned into a thriving business! In this episode, we explore how Elevate’s founder reflects on dreaming bigger, nurturing ideas, and being bold enough to chase those dreams. Tune in for an inspiring conversation on creativity, growth, and the courage to aim high here https://lnkd.in/grSp3Srs ✨

What does the financial operations managing billions in AUM look like? Our CFO, Mark Allen, joins host Sasha Orloff on the Turpentine Finance podcast to delve into this, advice for CFOs pitching to VCs, building trust with founders, and more. Tune in 🎧 ↓