Part 7/9:
- The Exit: Ideally, private equity firms aim to sell their investment for profit, but should a company fail, they benefit from the fees and asset sales, leaving the burden of the debt on the company and its employees. Even in the event of bankruptcy, they often emerge financially unscathed.
Moving Forward: A Call to Action
Given the troubling implications of private equity dominance, the emphasis needs to shift towards nurturing local economies and supporting small businesses. Tiffany Canani, a small business advocate, highlights several actionable steps for consumers:
- Support Local Businesses: Look beyond polished advertising and seek out small businesses within your community. Encourage your neighbors and connect through social media to discover these gems.