006: The Secret Sauce for Happiness After Exit with Larry Siedlick

By Aline Wealth Management on November 15, 2019

Larry Siedlick is a serial entrepreneur who founded, led, and continues to lead a number of successful companies in his 40+ year business career. His first company was Sunrise Medical Laboratories, which sold in 2007 for one of the highest multiples ever paid for a laboratory company. He was also founder and CEO of The ARX Group, which provided financial and revenue cycle management services to healthcare systems throughout the United States until its successful sale in 2015 to a private equity group. 

Currently, Larry is the Chief Experience Officer at The Montauk Beach House, which he and his team developed into a trendy boutique resort property, as well as the co-founder of Left Hand Artisan Coffee Breweries, a startup third-wave coffee company. He is a recognized expert who has delivered keynote addresses at numerous conferences, business groups, and corporations in the United States and abroad on subjects of executive leadership and how corporate culture drives growth, profits, and company value. 

Today, Larry joins the podcast to share how the entrepreneurial spirit you cultivate in youth develops and shifts as you get older, the four competencies of high-performance leadership, and the major mistakes CEOs and founders make as they build companies or prepare to exit.

KEY TAKEAWAYS

• What Larry considers to be the key business skill that has helped him succeed across multiple companies. 
• Why you don’t necessarily need an investment banker to help sell your company, but you do need a team to help navigate a successful exit – and who you should surround yourself with. 
• Larry’s favorite business books – and the importance of having a truly great “why” to differentiate yourself from your competition.
• Why Larry is happy and having fun after building and exiting companies – and the enjoyment he’s getting out of his current ventures in hospitality and coffee.

INSPIRING QUOTE

“I think that one of the major mistakes that a lot of entrepreneurs seem to make, is their business is growing at a nice satisfactory clip for them, but they don’t actually know what drives new sales.” –  Larry Siedlick

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