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!