I'm joined by Nicolai Thomson, Co-Founder & CEO of Jenesys, a company that's pioneering the use of AI in bookkeeping and cash flow management. With an impressive track record of selling B2B solutions across three continents and scaling companies from startup to multi-million pound revenue, Nicolai brings two decades of business wisdom to our conversation.
Key Discussion Points:
🔥 Cash flow works in a similar way to traffic flow - if you wait until the moment where all the cash is going out, you might actually find that you don't have enough, despite the fact that you've got a profitable business.
📊 Effective cash flow management requires you to proactively manage and slow down the cash flow, rather than waiting until the last minute.
🚨 I'm too scared to grow, that's a major, major problem in the industry - entrepreneurs need to overcome their fear of growth to achieve success.
💡 The only identifier on your phone that doesn't change is your wifi and mac address - what does this mean for entrepreneurs and business owners?
👥 Giving people an opportunity to create their best work is crucial for business success - how can entrepreneurs create this environment?
📈 The importance of involving the whole team in strategy changes and enabling team members to handle tactics is essential for scaling a company.
🤖 The risks of relying too heavily on AI for creativity and the importance of human foundation in engineering are crucial for entrepreneurs to consider.
Important links:
Jenesys: https://www.jenesys.co/
Inbound-led=outbound done right - Jerry: https://tryjerry.com
Quirky startup merch: Shop71 at https://shop.7tea1.com
