How I Reached £3M Turnover and Still Lost My Business | Kevin Hayler episode artwork

EPISODE · Feb 12, 2020 · 22 MIN

How I Reached £3M Turnover and Still Lost My Business | Kevin Hayler

from Business Owners & Entrepreneurs Podcast with Peter Boolkah | Business Coach | The Transition Guy® · host Peter Boolkah

Send us Fan MailKevin Hayler built a company that reached £3 million in turnover, recruited 120 self-employed salespeople and acquired hundreds of new customers every month.From the outside, it looked like an extraordinary entrepreneurial success story.Inside the business, Kevin was exhausted. Every important decision came through him; the company lacked strong foundations, and rapid growth was consuming cash.Then a strategic banking partner withdrew from the market. The company lost approximately £500,000 in cash flow, accumulated substantial debt and needed emergency investment to survive.In this candid conversation with Peter Boolkah, Kevin explains how he built the company, where he went wrong, why the wrong senior appointments made matters worse and how accepting rescue investment eventually cost him control of the business.You’ll discover:Why corporate success does not automatically prepare you for business ownershipHow blind confidence can help an entrepreneur start, but create problems laterHow Kevin recruited 120 salespeople within six monthsWhy rapid growth can hide weak foundationsWhat happens when every decision depends on the founderWhy an impressive CV and salary do not guarantee executive capabilityHow Kevin lost approximately £500,000 after a strategic partner changed directionWhy emergency investment must be examined as carefully as any other dealHow debt forced Kevin to choose between selling and administrationWhy did he continue treating the company as his own after selling itHow losing the business affected his confidence and identityWhy entrepreneurial isolation makes recovery harderThe difference between making mistakes and being a failureHow Kevin rebuilt his career around his strongest ability: sales leadershipKevin’s story demonstrates that revenue and activity do not necessarily create a strong business.A company can grow rapidly while remaining structurally weak, dependent on its founder and dangerously exposed to a single commercial partner.Growth without management, delegation, cash control and robust agreements can simply create a bigger Hamster Wheel Trap®.CONNECT WITH KEVIN HAYLERWebsite: https://salesmadeeasy.saleLinkedIn: https://uk.linkedin.com/in/kevin-haylerCONNECT WITH PETER BOOLKAHWebsite: https://www.boolkah.comLinkedIn: https://www.linkedin.com/in/boolkahInstagram: https://www.instagram.com/pboolkah/Facebook: https://www.facebook.com/BoolkahX: https://twitter.com/boolkahABOUT PETER BOOLKAHPeter Boolkah is a business coach, author and speaker who has spent more than 20 years helping business owners build stronger, more valuable businesses that do not depend on them for everything.He is the creator of The Hamster Wheel Trap® and author of Your Business Sucks: Build a Business That Works Without Destroying Your Life.Peter works with founders and leadership teams on the issues that ultimately determine whether a business creates freedom or becomes another job: leadership, founder dependency, people, profit, execution, scaling, exit readiness and enterprise value.His approach is direct, practical and built around one simple question:Do you own the business, or does the business own you?Learn more at https://www.boolkah.com

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Send us Fan Mail Kevin Hayler built a company that reached £3 million in turnover, recruited 120 self-employed salespeople and acquired hundreds of new customers every month. From the outside, it looked like an extraordinary entrepreneurial success story. Inside the business, Kevin was exhausted. Every important decision came through him; the company lacked strong foundations, and rapid growth was consuming cash. Then a strategic banking partner withdrew from the market. The company lost appr...

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How I Reached £3M Turnover and Still Lost My Business | Kevin Hayler

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