The Business Behind Your Business - Real Advice to Help Small Business Owners Build, Lead and Thrive

Thinking About a Private Equity Exit? Avoid These Costly Founder Mistakes

Alexis Sikorsky · February 17, 2026

Entrepreneur · Author · Executive Coach · Leadership · Financein

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Thinking About a Private Equity Exit? Avoid These Costly Founder Mistakes — Alexis Sikorsky

Podcast: The Business Behind Your Business - Real Advice to Help Small Business Owners Build, Lead and Thrive

February 17, 2026 · 35 min

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Thinking About a Private Equity Exit? Avoid These Costly Founder Mistakes
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The Business Behind Your Business - Real Advice to Help Small Business Owners Build, Lead and Thrive

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Key topicsThe real test of a scale-ready business is whether the founder can disappearA lot of founders say they have a strong team until they imagine leaving for ten days with no phone, no laptop and no internet. That simple test exposes whether the company has real systems or is still running on memory, loyalty and constant founder intervention. Alexis uses this pressure point to show why informal ways of working are normal in the early years, but dangerous once a founder-led business is trying to move through the £5M–£20M stage. Listeners will hear how to spot the gaps in process, decision-making and accountability before those gaps become the reason growth stalls. The best private equity exits are engineered long before a buyer appears Founders often wait until they are ready to sell before asking whether the business is actually sellable, which usually means the weakest parts of the company are exposed when leverage matters most. Alexis learned this firsthand while building and selling New Access through a staged nine-figure private equity exit, where boardroom reality looked very different from the simple exit advice founders often hear online. Through his Cashing Out work and APeX methodology, he shows founders how to Assess the business, Plan the value-improvement work, Execute the operational fixes and prepare for eXit before a buyer is in the room. For £5M–£20M founders, this conversation turns exit planning from a distant ambition into a practical operating discipline. Why £10M companies need C-suite thinking before they can afford C-suite hiresFounders around the £5M–£20M mark often reach a point where the business needs senior finance, operations and commercial discipline, but cannot yet justify a full-time C-suite team. The default is usually to keep too many decisions with the founder, which adds pressure, slows execution and leaves the business exposed when growth becomes more complex. Through Knightscale Partners, Alexis brings experienced senior operators into founder-led companies for focused three-to-six-month interventions, helping them fix gaps, build systems and develop the right internal capability. For founders stuck between hustle and professional management, this conversation shows how to add C-suite thinking before making expensive senior hires. View all topics →

About Alexis Sikorsky

Alexis Sikorsky, podcast guest

#1 International Bestselling Author and Special Advisor to Founders of £5M–£20M Businesses, Founder Bottleneck and Private Equity Exit Strategist

$100M+ Private equity exit500+ Employees scaled at New Access#1 International bestselling author£5M–£20M Founder businesses advised by revenue

Alexis Sikorsky is a #1 international bestselling author and Special Advisor to founders of privately held £5M–£20M businesses. Through Knightscale Partners, he helps founder-led companies break through the Five Million Plateau, remove founder dependency, build the senior operating layer they are missing, and prepare for scale, recapitalisation or private equity exit.

He moved into this work after founding, scaling and selling New Access, a Switzerland-based private banking software company, through a staged nine-figure private equity exit. That experience showed him the gap between generic online advice and what actually happens in boardrooms when founders are preparing for liquidity, negotiating with investors, or realising the business cannot keep scaling while every major decision still runs through them.

Today, Alexis works with founders at the point where the habits that built the company start to limit the company. A founder can be the biggest asset in the early years, but around the £5M–£20M stage, they can become the bottleneck if the business still relies on their memory, energy, relationships and constant intervention. At Knightscale Partners, Alexis works alongside co-founder Topher Morrison and a roster of experienced senior operators to give founder-led businesses access to the C-suite thinking they need before they are ready to hire a full-time executive team.

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About this episode

If you’re a business owner thinking about private equity, growth, or an eventual exit, this episode could save you years of stress — and potentially millions of dollars. Most founders only learn how private equity really works after they’ve signed a term sheet, when it’s often too late to negotiate from a position of strength.

Paul Sweeney is joined byAlexis Sikorsky, founder of KnightScale Partners and a former CEO who successfully scaled and sold his own software company in a $100M+ private equity exit.

You'll learn:

What private equity buyers are actually looking forHow deals are structured, and what you should have in place before you ever start the conversationA deeper understanding of private equity - it's not 'funding' in the traditional sense, how it differs from venture capital, and why so many founders misunderstand the processWhat private equity firms really buy (profitability, growth, and operational discipline)The importance of understanding your numbersWhy time horizons, autonomy, and alignment matter more than headline valuationsHard-earned lessons on due diligence, common red flags, and tactics founders must watch out for — including how deals can quietly change during the processThis conversation is an essential listen for founders approaching the $5–15 million revenue mark, feeling stuck at a growth plateau, or wondering whether private equity is the right exit path for them. It’s a practical, honest look at how to prepare your business, protect your interests, and make informed decisions about your next chapter.

Alexis Sikorsky is a strategic advisor to founders who are serious about scaling fast and exiting strong. With a nine-figure private equity exit under his belt, Alexis isn’t speaking from theory—he’s lived the entrepreneurial highs and lows across decades of company building, boardroom negotiation, and international leadership. His flagship book Cashing Out lays out the APEX methodology, a four-part framework (Assess, Plan, Execute, Exit) that demystifies the journey to private equity for founders feeling stuck or overwhelmed by growth and decision fatigue.

Alexis founded, scaled, and sold New Access, a Switzerland-based software company, ultimately closing a $100M+ exit and transitioning into a new chapter as a Special Advisor to ambitious CEOs. Today, through Sikorsky Consulting and KnightScale Partners, he works with growth-stage businesses, typically doing $5M+ in annual revenue, who want to engineer their next chapter or PE exit.

A straight-talking alternative to cookie-cutter coaches, Alexis is often referred to as "The CEO Whisperer" for his candid insight and ability to diagnose issues in minutes. He supports leaders who are weighed down by their own business, helping them build vision, unlock cash flow, and scale toward freedom. He's also on a mission to serve founders priced out of one-to-one consulting through his mastermind programs, offering a rare blend of lived experience and practical strategy.

LinkedIn

www.asikorsky.com

www.knightscalepartners.com

This episode is supported by the Business Planning Operating System. My 9-module course is built from 30 years of experience as an accountant, giving business owners a simple, one-page 90-day plan they'll actually use. Learn more at thebusinessbehindyourbusiness.com/focus

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