Fiona Hudson-Kelly - Tripling the value of her business by understanding financial information

Achieving financial freedom is the ambition of many that are building to sell their business. But knowing how to get there is a whole different ball game. Understanding the financial side of how to build and exit a business is key to making this dream a reality.   My guest in this episode is Fiona Hudson-Kelly, who has sold businesses for multi-million pound deals. She has experienced selling through venture capitalists and independently.   Fiona discusses the light bulb moment that happened after she finally understood how the financial side of her business worked. She compares the differences between her venture capital and independent deals as well as the importance of resilience in those looking to build and exit their business.   “I sold my business and never had to worry about money again” – Fiona Hudson-Kelly   Timestamps   02:04 - An introduction to Fiona 05:42 - Venture Capital vs Independent 08:15 - The importance of resilience in exiting 10:26 - The difference between profit and cash 16:15 - The problem with financial information 23:20 - Why people need to invest in financial knowledge 27:58 - Julie's experience with management accounts 32:18 - Fiona's investment tips   Connect With Fiona Hudson-Kelly   LinkedIn - https://www.linkedin.com/in/fionahudsonkelly/ Website - https://www.fionahudsonkelly.co.uk/ X - http://twitter.com/fhudsonkelly Facebook - https://www.facebook.com/profile.php?id=100070806951159   Connect With Julie Wilkinson   LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/@wilkinsonaccountingsolutions Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/   Before you go, don’t forget to leave a comment and review if you got something out of this episode!