The Business Secret Podcast is based on our second book The Business Secret which you can download for FREE here. The book is aimed at business owners starting their journey or looking to shake up their business, putting the right planning in place, creating more time, and managing their team properly. The Podcast aims to shine a spotlight on some of the best established and up-and-coming business owners South Wales has to offer. Members of our team get the chance to speak openly and frankly to people that have taken the big step to go it on their own.
As a firm we wanted to give budding business owners, and those already well on their journey, the opportunity to take a candid look at the highs and lows faced by other business owners of South Wales in 2019. We discover how they found success, their future plans, and what makes them tick.
Penguin Wealth’s Tom Davies spoke with 3-time DealMaker of the Year award winner Frank Holmes. Frank is the founding partner of Gambit Corporate Finance and in his spare time is also chairman of the regional economic growth partnership board, governer at Cardiff Met University, and Chair of the board at Bobath. Tom chatted with Frank as he openly discusses his struggles, his attitude to business, how he found success, and what the future holds.
Tom: Welcome everyone to the very first Business Secret Podcast. I’m delighted to Welcome Frank Holmes as our inaugural guest. For those of you who don’t know who Frank is, he’s the founding partner of Gambit, one of Wales’ leading Corporate Finance specialists. Frank’s a dealmaker and has been voted Dealmaker of the Year on three separate occasions. He’s chairman of the regional economic growth partnership board, governor of Cardiff Met University, Chair of the board at Bobath, and is recognised as a leader of one if not THE most active corporate finance practices in Wales over the past decade. He’s coached and mentored many business owners over the years and helped many improve their businesses and prepare for an exit. Most importantly he wrote the foreword for our book The Business Secret. Welcome, Frank.
Frank: Good Afternoon
Tom: Okay Frank, so tell us a little bit more about you and Gambit.
Frank: Well Gambit is a 29-year-old firm, it was founded in Cardiff Bay, where it still resides having gone around the city over a couple of iterations. It’s had a fantastic journey, we’ve managed to undertake some of the leading transactions in the principality and beyond, done a lot of work internationally as well. It’s a people business, and therefore, it relies very heavily on the quality and calibre of the individuals in the team. The business is probably one of the worst business models I know, it relies purely on tenacity and success because of the way in which we generate our income, most of which is success-fee led. On the other hand, its stood the test of time, not saying that I’s immortal by any stretch of the imagination, no business is, but it’s still here and it’s still going very well.