James Sinclair's Business Broadcast £165k/month in Financial Compliance, But Profits Are Falling Short (4k)
Jun 5, 2025
Dive into the world of a financial compliance business making £165k a month but struggling with profits. Discover the challenges of service adoption and staffing in a tough market. Learn about the UK's thriving SMEs and the fintech boom, including BrewDog's impressive growth story. Explore why businesses often neglect compliance despite its necessity and the vital role of employee motivation in success. Also, enjoy some light-hearted trivia about FCA regulations and tech gadgets, balancing serious insights with fun engagement.
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Founders' Growth Story
- John and Nick started legally helping motor dealers with compliance during lockdown, quickly growing with staff.
- Their niche is FCA compliance for the independent motor trade but with limited profit margins.
Scaling Staff vs. Revenue
- Their business hovers between a big small and a small big business, needing functions and staff growth.
- Adding highly paid roles like head of sales risks cash flow issues before revenue catches up.
Define Partner Roles Clearly
- Clearly define roles so partners don’t duplicate efforts and hold each other accountable.
- One should handle compliance operations, the other sales and marketing for effective growth focus.