As the “ Friendly voice of CMC “ I speak to business owners daily on a variety of topics , and the subject of this blog is the thorny one of disagreement with fellow Directors as to whether the company needs help!
Today, I spoke to a lady whom I have called periodically over the last couple of years. She is in her early sixties, as are most of the Directors, and is anxiously looking towards her retirement. Their company has not been doing too well of late, and last year she spoke to the Directors about setting up a non- chargeable meeting to establish whether we could help the business and add value to their company. One member of the Board of Directors was adamantly against the idea, so I said I would call again in a year.
I rang in a year and unfortunately, she told me today that the company are going into administration. She was obviously devastated as it has been trading for over thirty years.