In the following brief informational post, Douglas Battista, a California-based businessman and finance professional, answers a few common questions about private equity.
Q: What is private equity?
Douglas Battista: Private equity leverages the cash of high net-worth companies and individuals for investment purposes. Private equity partners invest their money and monies raised to acquire equity ownership in public and private companies. Most private equity partnerships require a minimum investment, usually greater than $250,000.
Running a business is no easy task and one made even more difficult in a competitive market. Many entrepreneurs lack business acumen and do not know how to properly manage their organization, even if they have a great product. Here, operations expert Douglas Battista explains the importance of private equity firms, a type of investment entity often discussed in the media.
Q: How does private equity work?
Douglas Battista: Essentially, a private equity firm is a group of investors that pool their money together to provide working capital for new or underperforming companies. The investors gain equity in the company and earn a profit only when the business’ performance improves.
Douglas Battista has traveled for work since he was in college. Over the years, the Jenny Craig executive has picked up a few ideas to make travel a little less like a chore. In this brief narrative, Battista outlines a few of his most trusted travel tricks.
Reduce germ exposure
Douglas Battista is keenly aware that air travel means coming into contact with all types of germs. He says one trick he uses to kill airborne germs before they enter his system is a simple swipe of bacitracin in the nostrils. Travel-sized hand sanitizer and antibacterial wipes are also a staple in Battista’s anti-germ arsenal.
Modern conveniences like text messaging and email make it easier and faster to connect with co-workers, consultants, and remote employees. The unfortunate downside is that it is often more difficult to actually communicate what’s being said. Here, Douglas Battista answers questions about problem resolution in the workplace and explains when an email works and when it doesn’t.
Q: How can I communicate clearly to my co-workers when we’re trying to work through a problem?
Douglas Battista: In order to solve problems with another department, for example, you must first understand why a resolution is important in the first place. Take the time to sit down (in person) with the involved parties and get to know their perspectives on the issue. Ask them what their concerns are and really listen. A place of common ground is a considerably better place to begin, rather than facing off on opposing sides of an issue.