Invest Like The Best
Episode 164 Update on Small Business and Private Equity
Invest Like The Best

Episode 164: Update on Small Business and Private Equity

Invest Like The Best

Episode 164

Update on Small Business and Private Equity

Brent is the founder & CEO of Permanent Equity. We cover the impact of COVID on small businesses, the policies that can help businesses endure, and the outlook of the private equity complex.

[00:01:13] – (First question) – What Brent sees as the current landscape for small businesses

[00:03:25] – The real problem for small businesses right now

[00:06:02] – How long can small businesses survive these freezes

[00:09:14] – Ideas to help businesses stay afloat during a global shutdown

[00:11:01] – The cost of restarting businesses on the other side of this  

[00:13:41] – Policies that could help

[00:14:30] – Government co-paying some business expenses

[00:16:05] – Suspending payroll taxes

[00:16:17] – The small business bond

[00:18:00] – Wider latitude for banks

[00:20:03] – How effective would Brent’s ideas actually be at lessening the pain

[00:22:41] – A look at how things look in the private equity complex

[00:25:39] – What are the potential opportunities out there

[00:29:24] – What is a balance sheet product

[00:32:00] – How this is personally impacting Brent

[00:34:20] – How this is personally impacting Patrick

[00:35:45] – Importance of relationships for personal health

Update on Small Business and Private Equity

Introduction

Patrick
My conversation today is with my close friend, Brent Beshore. Brent is a private equity investor who owns and interacts with many small businesses, which have been hit especially hard by COVID. We discussed the various impacts that COVID has had and may have on small businesses and on the private equity investment community. Brent also proposes some policy actions, which he thinks may help those most in need. Please enjoy this conversation.

Impact of Covid on Small Businesses

Brent, thank you so much, my friend for doing this with me, I thought you would be a perfect person to check in with this week on, today is March 19th, because of your proximity to what I would call real American business, small business, not only as an investor, but just the number of relationships you have with business owners who obviously are facing a dire situation. So I appreciate your time. And I figured a fun place to start with would just be to get sort of a subjective lay of the land from you. How are you feeling? What are you seeing out there? How has this evolved so far for you?

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