Why Companies Fail (And How to Begin Fixing)
March 2, 2015
Hosted by Brendan Anderson and Jeffrey Kadlic
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Guest Information
Episode Description
As a founder or CEO, have you made the decision to borrow money to get your business through tough times, bridging the capital gap? Now business has bounced back and executing a plan to again become debt free seems impossible. You are not alone. Hindsight being 20 20, perhaps a simple plan to cut back expenses would have made better business sense. But it is hard to recognize this as expenses and debt accumulate and scaling back seems counter intuitive. While not easy to change one’s mindset, it is possible. Regardless of how your company’s finances got to where they are today, as the head of the organization, it is crucial that you take a step back, evaluate the situation, and note what makes the most sense for the health of the company. A restart can be achieved with dedication and commitment to a plan. To address why companies fail and how they can potentially start over, we have invited turnaround expert, Patrick Rettig, to join today’s discussion on The Second Stage.
The Second Stage
Archives Available on VoiceAmerica Business Channel
The Second Stage serves as an entrepreneurial forum to exchange ideas and best practices amongst peers. While each business is unique, most companies face the same obstacles on their path to success. The topics and trends addressed within this community of like-minded individuals will include financials and reporting, valuation and value creation, succession planning, human resources, technology, insurance and benefits, as well as many others. The show will be delivered from the perspective of the hosts who view opportunities from both an entrepreneurial and institutional private investor perspective.
The Second Stage also shines a light on the significant impact that entrepreneurs and their growing companies have on creating a vibrant economic base.
Brendan Anderson and Jeffrey Kadlic
Brendan Anderson has spent the past 20 years as an investor and manager of businesses ranging from manufacturing to financial services. Fascinated by the capital gap within the small business growth sector, he rapidly came to the conclusion that providing best practices in addition to growth capital could consistently produce great results for the management, employees, communities, and investors. He is an active member and mentor within Entrepreneurs’ Organization, and is continuously entrenched in its culture of best practices.
Jeffrey Kadlic spent the first 10 years of his career making private investments in an institutional setting. Early success was achieved in large part to an entrepreneurial mindset within a corporate culture. While practicing as an institutional investor, working in and around dynamic small businesses, he recognized that growing small businesses needed more than just an influx of cash to scale operations. Leveraging corporate practices within an entrepreneurial setting, in addition to the capital, was the best way to achieve great performance.
Brendan and Jeffrey are both alumni of Crain’s Forty under 40 and E and Y Entrepreneur of the Year finalists.
Connected by their passion for growing small companies, in 2005, Anderson and Kadlic partnered to co-found Evolution Capital Partners, focused exclusively on advising and investing growth capital in Second Stage Companies. Evolution and its companies recognized on the Inc.500 5000.
