Main Street Mavericks Radio

In this episode, Paul Fioravanti, Managing Director and Partner with QORVAL, discusses how one of the issues facing business owners today is acknowledging their limitations and the fact that they don't have all the answers. This forces them to seek outside professional advice on a particular subject matter, especially when a company is experiencing a challenging time.Paul goes on to explain that one of the colossal mistakes made by private equity firms is that they have more money than experience, and when they acquire companies, they often don't retain key employees. This causes the business to go into a tailspin, since the key employees typically carry the most useful knowledge of the workings of the company. Retaining and nurturing these employees is vital to the success of the new venture.In this interview, Paul notes that one of his company's key principles in helping other companies flourish is the principle of objective perspective. This involves leveraging the background that you have while taking a d