The Founders Fire

← The Founders Fire15 Jul · 58 min

His account was drained to $0. Now he's building to $100 Mil

His account was drained to $0. Now he's building to $100 Mil15 Jul58 min

<p>They woke up one morning to a bank balance of zero and a transaction they didn&#39;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&#39;t know what a profit and loss was. They didn&#39;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&#39;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&#39;re building something and pretending you know what you&#39;re doing, this is the one.</p><p>Follow so you don&#39;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&amp;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: &quot;why didn&#39;t you tell me?&quot;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&#39;re listening so you don&#39;t miss a single episode.</p>