Author: Armen Grigorian, Managing Partner, Redmount Capital Partners LLC
How important is a strategy-driven and big-picture-focused financial mindset for the growth of ean nterprise and the accumulation and preservation of capital?
It seems most successful entrepreneurs have the "big-picture focus". Successful entrepreneurs have a habit of building one business, selling it, and then moving on to the next—building wealth through a series of "equity events“, Roughly 80% of typical entrepreneurs’ net worth is tied up in their companies. This changes over time as successful entrepreneurs grow business interests outside of the core business.
Here it is in the words of a great entrepreneur, Baron Albert Frère, founder and chairman of Groupe Bruxelles Lambert, one of the largest family enterprises,
The difference between a business family and a business dynasty is the strategy. Everything must be in line with strategy. Selling assets, exiting ventures… followed by reinvestment of capital – in everything strategy sets the rules.
Source: Independent Insights by Redmount Capital Partners and Financial Strategist Board.