5 • 6 Ratings
🗓️ 28 February 2022
⏱️ 42 minutes
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| 0:00.0 | Trump decided to close his borders and revenue dropped 95% overnight. |
| 0:10.3 | Our entire net worth as a family was tied up in the business on the edge of bankruptcy. |
| 0:16.8 | We had thousands of customers emailing us, calling us, asking for refunds. |
| 0:22.1 | There's always a way to save your business. You've just got to find it. |
| 0:27.0 | Welcome to the very first UKTM podcast. I'm your host, Mark McDonough. For anyone who doesn't know me, |
| 0:32.5 | I co-founded a company called The Startup Plant where I've interviewed over 3,000 founders, |
| 0:37.0 | which has gone on to |
| 0:37.9 | receive over 60 million views online. My first guest on the show is an entrepreneur by the name of |
| 0:43.3 | Radha Villas. She is the co-founder and CEO of Adventure Holiday Company Flashpack. I invited |
| 0:50.0 | Radha on the show because I wanted to talk about something that most entrepreneurs can relate to, which is failure and closing down a company. I know I can relate to it because I had to close down the startup bomb back in 2020. On the show Rada tells me how she was able to grow her business in just three years to over 20 million turnover. She had four offers on the table with a 10 million Series A round going into lockdown. |
| 1:11.6 | COVID hit and the offers were pulled. |
| 1:13.6 | She lost 95% of her business overnight. |
| 1:16.6 | Five months later the company went into administration. |
| 1:19.6 | She was then able to remortgage her house, buy back the assets, to relaunch the business. |
| 1:25.6 | She's recently closed a multi-million pound round and is on |
| 1:28.6 | target to hit 20 million turnover again in year one. This is the UKTN podcast. Our sponsors of the show |
| 1:36.8 | Uncapped believe it's crazy that for e-commerce businesses to fund growth through marketing, infantry or |
| 1:42.3 | hiring, they have to sell equity to VCs, |
| 1:45.0 | especially when they know they make that money back right away. Uncap solved that problem. |
| 1:49.0 | Already helping over 500 businesses worldwide, they offer up to 5 million of capital for a flat fee. |
| 1:56.0 | You pay back only as you generate sales, no dilution or loss of control. |
| 2:00.0 | Founders simply apply online, |
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