When the Books Are Lying — What Really Kills a Business (with Robert Stevens)

What does a court-appointed receiver see when he walks into a company that's about to go under?Robert Stevens has done it over 30 times. As president of Somerset Capital, Rob steps in when companies are in crisis — replacing management, doing forensic housekeeping, and figuring out what can be saved. What he almost never finds is fraud. What he almost always finds is denial, ego, and financial mismanagement.In this conversation with Donna Harris, Rob breaks down what actually kills businesses — undercapitalization, ignoring cash flow cycles, not having the right professionals in place, and making big bets when you should be making small ones. He also talks about what separates the businesses that survive from the ones that don't — and what you can do right now to make sure you're in the right category.The conversation goes places you might not expect — including AI, genealogy, Mayflower descendants, the British royal family, and why asking a securities lawyer about a Swiss bankruptcy subpoena is exactly as complicated as it sounds.Practical, candid, and genuinely entertaining. This one's worth the full listen.Robert StevensPresident, Somerset Capitalsomersetvc.com | LinkedIn: Somerset StevensDonna Harris, MBA, MAccCEO, Bookkeeping Made Simple LLCmysimplebookkeeping.com | 801-692-0032