Ask an Entrepreneur Series: Cash, crashes and cash flow Event Logo

Ask an Entrepreneur Series: Cash, crashes and cash flow

by Entrepreneurship Club

Speaker Event Entrepreneurship

Tue, Jun 15, 2021

7 PM – 8:30 PM (GMT+1)

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Ask an Entrepreneur Series
Cash, crashes and cash flow: What to do when your company runs out of cash and the wheels fall off

For any venture, cash is king. Run out of cash one day and the venture is dead the next day unless the founders are willing to max out credit cards, fire everyone or (not recommended) trade illegally. Yet many now-successful founders have at one time or another run out of cash and still live to tell the tale. It can happen fast (when a customer pulls the plug on you) or slowly (as cash dribbles away awaiting an injection) but it’s horrible when it happens and always traumatic.  

We invite Christine Nicholson to talk us through how she has managed under-funded start-ups, turned around bankrupt businesses and abseiled cash precipices. The stories she tells are sobering yet essential listening to founders everywhere  – to mitigate cash crunches if you can and survive them when they happen. 

We finish by applying these principles to LBS alumnus-founded businesses with Nasi Rwigema MBA2020, Founder of Umwuga, and Dave Smallwood MBA2017, Co-Founder of Roleshare.

Following the discussion with the two founders, the attendees will join breakout rooms for an opportunity to network.

The event will be facilitated by Rick Lowe, Immediate Past Master of the Company of Entrepreneurs, and a significant businessman in his own right.

To receive the zoom link to the event, please register.

This event is organised by the Institute of Innovation and Entrepreneurship at the London Business School together with The Company of Entrepreneurs.

About Christine Nicholson:
Christine has started a number of multi-million turnover businesses over the last 30 years. These include getting a start-up to nearly £5m in 15 months and turning around a bankrupt company for an eight figure exit in a similar amount of time. She has done all this in a number of different sectors including property development, a security equipment manufacturer and a specialist hosiery company. She has even, accidentally, ended up running a zoo! This has not been without quite some hardships along the way.

In addition to being awarded UK Mentor of the Year last year, she has a law degree, is a Chartered Management Accountant and various other professional qualifications. She has also published a number of books with the most recent, “SELL IT – how to sell your business for a richer happier future” is launched in July.

About Rick Lowe:
Rick is an accomplished entrepreneur and was Master of the Company of Entrepreneurs in 2020 and director of its Charitable Trust. Founder of several businesses within the licensed fashion and merchandising space, Rick’s companies work with global entertainment properties such as Disney and Warner Bros supplying into high street retail and online worldwide. The latest venture is a tech solution for licensed products to capture the exploding market for personalisation.   Rick is currently publishing his first book ‘The Maverick Entrepreneur' which tells his unique story on his way to business success, whilst sharing all the key learnings along the journey.

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