QFF 25+ years of giving financial advice. Now helping small-medium business owners raise capital by taking advantage of debt; leveraging it and generating a return for businesses to grow. (Episode 271 - Tom McMeekin)

For this week’s episode, Michael interviews Tom McMeekin. He’s a financier, debt adviser, coach & strategist, and Tom is based in Hobart, Tasmania, Australia. Tom gets what it takes to be a banker, his experience and certifications will vouch for his reputation.

In the past 25 years, Tom specialized in assisting small-medium business owners, specifically in working capital and debt funding. Tom focuses on the mastery of cash flow, that before business owners will embark on a change, they have to make sure that the cash flow is sufficient.

The reason things don’t usually go as planned and that there hasn’t been a project that didn’t have complications. However, with a cash flow plan paired with clever leverage of debt you can “plan for the worst but expect the best.”

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Quotes:

“Quite often people will come up with a good idea or have some ideas that they're trying to execute, but not understand the cash requirements for each one.” — Tom McMeekin.

“If you don't have the skill, it's not a particular problem, you need to outsource it.” — Tom McMeekin.

“Spending time building out those forecasts with the right people on your team, I think is critical.” — Tom McMeekin.

“You can plan for the worst but expect the best.” — Tom McMeekin.

“If you're leveraging to generate income, who cares how much debt you've got.” — Tom McMeekin.

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