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Penny chats to Tim Meadows-Smith, an Enterprisation Architect, with Multiple Non-Executive Director and Chairman roles. Tim is a Champion of StartUp Suffolk and Investment Partner at K2 Business Partners and saves businesses by making them work productively.
As Tim says, "Exceptional, positive, tenacious, problem-solving people should be joyous, not trapped, and not failing. We don’t have a distressed business turnaround industry, we have a liquidation industry, and it’s wrong."
During this chat, Tim and Penny discuss:
- the startup culture that leaves great people stranded for want of honest conversations and some support in spreading the relatively simple processes which sustain enterprise.
- how people hope, intend, to found a business to do things better, but usually create a job with a terrible boss, and it really doesn’t have to be that way.
- why the most common sign of a business that is on the road to going bust is agreeing to invoice finance, of factoring. Giving up most of your margin to get money in a bit sooner.
Tim explains how if he can get to businesses first he can help them get out of the arrangement and on a sustainable footing. They think they want money, which is
like a drug, they actually need process and strategy to build enterprise. Instead of liquidation, keeping unsecured creditors tied to assets gives a strong chance of recovery, rather than a domino-effect of misery.
You can connect with our expert here: www.linkedin.com/in/timmeadowssmithbusinessdoctor
To find out more about connecting with the BIP100 community of experts, please visit our website: https://bip100.club/members-directory/
As Tim says, "Exceptional, positive, tenacious, problem-solving people should be joyous, not trapped, and not failing. We don’t have a distressed business turnaround industry, we have a liquidation industry, and it’s wrong."
During this chat, Tim and Penny discuss:
- the startup culture that leaves great people stranded for want of honest conversations and some support in spreading the relatively simple processes which sustain enterprise.
- how people hope, intend, to found a business to do things better, but usually create a job with a terrible boss, and it really doesn’t have to be that way.
- why the most common sign of a business that is on the road to going bust is agreeing to invoice finance, of factoring. Giving up most of your margin to get money in a bit sooner.
Tim explains how if he can get to businesses first he can help them get out of the arrangement and on a sustainable footing. They think they want money, which is
like a drug, they actually need process and strategy to build enterprise. Instead of liquidation, keeping unsecured creditors tied to assets gives a strong chance of recovery, rather than a domino-effect of misery.
You can connect with our expert here: www.linkedin.com/in/timmeadowssmithbusinessdoctor
To find out more about connecting with the BIP100 community of experts, please visit our website: https://bip100.club/members-directory/
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حلقات أخرى في هذا البودكاست
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Penny chats to Jo Parker. Jo is co-host (with psychotherapist Gaylin Tudhope) of 'When The F**k Did I Become Old?' podcast, and an estate agent for Fine and Country in The Surrey Hills."When the F**k Did I Become Old" is a no-holds-barred podcast for those who've suddenly found themselves on the ot…
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Penny chats to Commercial and IP/IT Lawyer and Fractional GC, Alexis Goldfinch. In this chat, Alexis takes us through the 5 most common mistakes business owners make with their terms of business and the consequences that come with those mistakes. From incomplete terms to non-compliance with le…
Penny chats to Sally Rule, The Home~ologist – the expert with your home. Moving home is an emotional and financial commitment. Homeowners often feel overwhelmed, uncertain, or even stuck, wondering why their property isn’t attracting the right buyers. The frustration of endless viewings,…
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