
← The Founders Fire15 Jul · 58 min
His account was drained to $0. Now he's building to $100 Mil
<p>They woke up one morning to a bank balance of zero and a transaction they didn't understand. </p><p>The tax man had emptied the account.They still had to make payroll that week.</p><p>Adam Hall started AH Fencing eight years ago with his best mate Matt, no business knowledge, and a plan that lasted about a month. </p><p>They didn't know what a profit and loss was. They didn't know the tax office could take your money. They nearly went under more than once, paid their staff on personal credit cards, and cut their own salaries to $50k while everyone they employed earned more. </p><p>Today the business turns over $30 million and Adam teaches other trades businesses the things that nearly killed his own. </p><p>In this episode he's open about the shame, the loneliness, the phone call from his mum, and the year they gave their team more than ever and made everyone miserable.</p><p>If you're building something and pretending you know what you're doing, this is the one.</p><p>Follow so you don't miss the next.</p><p>CHAPTERS</p><p>0:00 The $0 bank balance behind a $30 million business4:11 Two mates, no business knowledge, and no idea what a P&L was6:44 Waking up to an empty account and one word: garnish8:00 They were losing work because they were too cheap10:25 Paying the team on personal credit cards, and telling them the truth13:55 Too proud to quit, so they went down with the ship19:12 Back on their feet, then two builders went under owing them $100,00022:22 $50k salaries, no super, and the lowest paid people in their own company25:18 His mum rang in tears: "why didn't you tell me?"35:15 The year they gave more than ever. The team had never been unhappier49:04 What people get wrong about him56:14 The one number most founders refuse to look at</p><p><em>This episode touches on isolation and the mental toll of building. If it resonates, support is available in Australia through Lifeline on 13 11 14 or Beyond Blue at beyondblue.org.au.</em></p><p><br></p><p>Connect with Adam - https://www.instagram.com/the_adamhall/</p><p>---------</p><p>See behind the scenes over at https://www.instagram.com/danmoussa_thirdwayadvisory/</p><p>Or Linked In - https://www.linkedin.com/in/daniel-moussa-thirdway/</p><p>And if you need help to find the hire that will completely change your business reach out over at https://www.thirdwayadvisory.com.au/</p><p>Hit follow wherever you're listening so you don't miss a single episode.</p>