In 2003 I became a founding investor of Powwownow with CTO Paul Lees. As soon as I was released from my golden handcuff deal with Domestic & General in 2004, I joined the company as joint CEO and Marketing Director. At that time the company had a turnover of £30,000 and three employees, including me.
We had a great business model, the first of its kind in the UK. But our first challenge was how we went about changing SME's perception of conference calling, and teaching them how changing there working practices could make for a better working life.
Our Strategic decision back then was to Educate SME's about conference calling and build our brand so that Powwownow were the go to conference calling company for SMEs. Since then we've also become the go to company for many FTSE 500 companies as well.
Over the next 9 years we built the business to 60 staff with a £14m T/O with £5m+ Profits.
After 9 years Paul and Myself decided we needed a change and sold Powwownow in December 2013 to US listed company PGI for £37,500,000.