NEW OWNER: Buying a business days away from RUIN - “a baptism of fire” with Rachel Wellbelove

We are joined by Rachel Wellbelove who has 30 years experience in business, with 17 of those in running her own businesses. She talks in this episode about buying a business which she quickly found out had run out of cash and was riddled with problems including email fraud and debts. She reveals the stress and pressure this caused her for many years, and how  despite the huge barriers she managed to turn this business around to a £4 Million turnover and eventually exited after a sale.  Rachel's story, which also includes overcoming cancer at 21, is a testament to resilience, adaptability, and the unwavering determination to turn adversity into triumph. Listen in as she shares the highs, lows, and invaluable lessons from her rollercoaster journey in the business world.   About Rachel Wellbelove With 30 years of business expertise in startups and multinationals like British Airways and Deutsche Bank, Rachel Wellbelove, a property investor based in Bahrain, boasts 17 years of running successful businesses, including construction and logistics. In 2020, she sold her logistics business following a remarkable turnaround from near insolvency. She also spent 10 years serving as a magistrate.    Key Topics Buying a business and avoiding near disaster Limited due diligence on the business purchase A baptism of fire ....Bad debts, email fraud, non payments Benefits of corporate career and lessons Challenges of leading construction business as a female The influence of herr father as first mentor Managing the transition of changing the leadership team and getting the right fit when buying a business Steep learning curves around cash flow and lack of profitability Pitfalls of buying a business with no industry knowledge Seeing extreme challenges as vital lessons and an education Constant stress, pressure and fire fighting for 3 years How she turned business around to be profitable and £4m in revenue Still being scared of failure Overcoming major health issues Book reference : Man’s Search for Meaning Connect with Rachel  Linkedin Email Website Stay connected with Beyond the Fail:Join our mailing list here InstagramTik-tok Linktree See omnystudio.com/listener for privacy information.