Steve Preda Entrep Coaching (SPEC) provides intensive executive coaching infused with entrepreneurial spirit.
SPEC was born when I finally decided to follow my heart, after 20 years spent first as a CPA, then a banker and the owner of a mergers and acquisitions (M&A) business.
I first worked for others, then for myself, starting an investment bank in Hungary, called MB Partners. My plan was to build a market leader and change the game in the M&A Advisory Business. We launched a newsletter and started talking to entrepreneurs in a plain language about selling, buying and recapitalizing companies and preparing businesses for growth and eventually exit. In 5 years, my company exploded and, by 2007, led the lower middle market in Hungary.
I enjoyed this work, especially coaching business owners on growing the value of their companies and holding their hand during the M&A process. I loved deals and savoured negotiating with buyers to obtain the best possible price and terms for my clients. However, in most instances, I felt that the potential of the businesses we sold had not been fully developed. There were many entrepreneurs that I would have loved to coach to grow their companies before they exited them. But, this was not our business and not what they wanted us to help them with at this point.
By 2011, medium term growth prospects diminished in Hungary and Romania where we played. My wife and I decided to move to the US in 2012 and picked Richmond, Virginia as the ideal location to start swimming in a bigger pond. After selling the business in 2013, I formed a CEO Peer Group with Vistage International in the Richmond metro area. Working with this group turned out to be the most rewarding and inspiring experience of my life.
I have launched Steve Preda Entrep Coaching to help a wider circle of business leaders reach for the Moon.
Steve Preda, Founder