Secret Leaders with Dan Murray-Serter & Chris Donnelly

My Favourite Failure: I should’ve listened to my gut! Lucy Cohen

Aug 17, 2023

Lucy Cohen, Co-Founder of Mazuma, discusses the challenges and growth of their tax advisory firm, finding someone with a strong network who could help expand their business, trusting the wrong person who unexpectedly disappeared, taking a big commitment without enough clients and learning to trust her gut in business partnerships.

16:02

Episode guests

Lucy Cohen

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Trusting your instincts is crucial in business and can help avoid potential disasters.

Recognizing red flags early on and not ignoring them is vital for success in entrepreneurship.

Deep dives

Passonio: Streamlining HR Processes for Small and Medium-Sized Companies

Passonio is a solution that helps small and medium-sized businesses simplify their HR processes. By providing tools like an applicant tracking system and features for managing employee holidays, reviews, payroll, and offboarding, Passonio aims to minimize administrative tasks. With Passonio, companies can save time by utilizing an end-to-end HR system. Notable companies like Lush, Spend Desk, and Mindful Chef have already benefited from Passonio's services.

Introduction

3min

Meeting someone who understood their business

2min

Trusting the Wrong Person

5min

Trusting an Advisor and Taking Calculated Risks

2min

Learning to Listen to Your Gut: A Story of a Bad Partnership

5min

Lucy Cohen is the Co-Founder of Mazuma, the UK's first subscription tax advisory firm and one of the country’s leading online accountants for small and micro businesses. They have over a thousand clients across the UK and have moved into the US market.

But, in their early days, it all came so close to falling apart.

What happened?

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