Billionaire Business Podcast

Chris Godsmark & Ian Fishwick

Welcome to Billionaire Business. In this series we will be popping the myth that you cannot create a billion pound business in the UK - that’s simply not true • Inspirational interviews • Advice on how to raise equity and debt • Mistakes to avoid • How to scale rapidly • Create the next billionaire business

  1. MAXIMISING VALUE: £20Bn+ of M&A deals told us how to do it

    Apr 21

    MAXIMISING VALUE: £20Bn+ of M&A deals told us how to do it

    MAXIMISING VALUE: £20Bn+ of M&A deals told us how to do it In this special episode of Billionaire Business, Chris Godsmark and Ian Fishwick take a deep dive into the factors that drive business valuation, offering a practical guide for entrepreneurs, executives, and investors. Drawing on the experience of overseeing 43 mergers and acquisitions across multiple industries, the conversation is packed with actionable insights, real-world examples, and strategic advice for building companies that attract buyers and investors.   The episode also explores: Financial fundamentals for strong valuations: recurring revenue, profit margins, and organic growth. Avoiding pitfalls by tracking customer lifetime value/payback periods. Market dynamics, industry trends, and competitive landscapes. The importance of commercial differentiation. The risks of price competition on profitability and valuation. M&A best practices: integration, cultural alignment, and team cohesion. How leadership, culture, and sustainable growth drive valuation. Throughout the discussion, Chris and Ian emphasise that while numbers matter, it is the combination of strategy, culture, and leadership that truly makes a business attractive to buyers. Listeners come away with a clear framework for increasing their company’s value, improving operational performance, and preparing for successful growth, acquisition, or exit. So, after reflecting on this episode: how can you strengthen your business fundamentals, retain customers, and build an organisation that stands out in the market?   Follow & Catch Up With Us Want more from Billionaire Business Podcast? Tap in for exclusive content, behind-the-scenes moments, and everything that doesn’t make it into the mic.   Follow Ian Fishwick: LinkedIn: linkenin.com/in/ianfishwick Email: ian.fishwick@billionairebusiness.net   Follow Chris Godsmark: LinkedIn: linkedin.com/in/chrisgodsmark Email: chris.godsmark@billionairebusiness.net   Follow Billionaire Business: Website: ⁠www.billionairebusiness.net/⁠ Follow us on LinkedIn: ⁠www.linkedin.com/company/billionaire-business-podcast

    27 min
  2. Jamie Roberts: PRIVATE EQUITY, How Big Do I Need To Be To Get Attention?

    Apr 7

    Jamie Roberts: PRIVATE EQUITY, How Big Do I Need To Be To Get Attention?

    Private Equity Explained: What Investors Really Look For In this episode of Billionaire Business, Chris Godsmark and Ian Fishwick sit down with Jamie Roberts, managing partner at YFM Equity Partners. The three help dissect private equity, breaking down the core strategies, motivations, and metrics for successful deals. Jamie breaks down YFM’s distinctive approach to private equity, explaining how the firm partners with ambitious UK-based businesses that have strong management teams and clear growth potential. Rather than relying on aggressive cost-cutting or financial engineering, YFM focuses on long-term value creation by supporting founders and leadership teams who are committed to scaling their businesses sustainably. The episode also explores: How YFM sources and evaluates private equity investment opportunities What investors really look for during due diligence Why leadership quality and vision matter more than numbers alone How private equity firms add value beyond capital The role of emotional intelligence, trust, and communication in successful partnerships Jamie also shares practical advice for entrepreneurs considering private equity, including how to pitch effectively, prepare for due diligence, and align expectations with potential investors. He explains the importance of transparency, openness to challenge, and choosing the right partner for the long term. Tune in to hear a clear, insider’s perspective on private equity and discover how the right investment partner can accelerate growth, professionalise a business, and act as a true catalyst for long-term success.   Follow & Catch Up With Us   Want more from Billionaire Business Podcast? Tap in for exclusive content, behind-the-scenes moments, and everything that doesn’t make it into the mic.   Follow Ian Fishwick: LinkedIn: linkenin.com/in/ianfishwick Email: ian.fishwick@billionairebusiness.net   Follow Chris Godsmark: LinkedIn: linkedin.com/in/chrisgodsmark Email: chris.godsmark@billionairebusiness.net   Follow Billionaire Business: Website: www.billionairebusiness.net/ Follow us on LinkedIn: www.linkedin.com/company/billionaire-business-podcast   Jamie Roberts https://www.linkedin.com/in/jamie-roberts Managing Partner at YFM, passionate about social mobility, volunteering with a charity that helps young people explore career options beyond their existing networks.

    40 min
  3. Andy Gregory: HOW TO GET A MINORITY INVESTMENT WITHOUT LOSING CONTROL?

    Mar 24

    Andy Gregory: HOW TO GET A MINORITY INVESTMENT WITHOUT LOSING CONTROL?

    BGF has invested nearly £5 billion in minority stakes in small businesses. In this episode of Billionaire Business, Chris Godsmark and Ian Fishwick sit down with Andy Gregory, Chief Executive of BGF, alongside corporate finance expert Chris Godsmark, to explore the evolving landscape of growth funding in the UK. Andy explains BGF’s distinctive model of providing minority, patient capital - allowing founders to retain control while accelerating expansion. Unlike traditional private equity, BGF focuses on long-term partnerships rather than quick exits, backing ambitious SMEs with capital designed to support sustainable growth. The episode also explores: How BGF’s minority investment model empowers founders The difference between patient capital and traditional private equity Deploying over £5bn into 500+ UK businesses Supporting female-led companies and driving diversity The wider economic impact of growth funding across UK regions The conversation also examines the realities of raising capital in uncertain markets, with practical insights on choosing the right funding partner and building resilience for long-term success. Tune in to discover how BGF has become one of the UK’s most influential growth investors and what founders should consider when seeking capital to scale.   Follow & Catch Up With Us Want more from Billionaire Business Podcast? Tap in for exclusive content, behind-the-scenes moments, and everything that doesn’t make it into the mic.   Follow Ian Fishwick: LinkedIn: linkenin.com/in/ianfishwick Email: ian.fishwick@billionairebusiness.net   Follow Chris Godsmark: LinkedIn: linkedin.com/in/chrisgodsmark Email: chris.godsmark@billionairebusiness.net   Follow Billionaire Business: Website: ⁠⁠www.billionairebusiness.net/⁠⁠ Follow us on LinkedIn: ⁠⁠www.linkedin.com/company/billionaire-business-podcast⁠⁠   Andy Gregory: ⁠https://www.linkedin.com/in/andy-gregory-1662431/⁠ Chief Executive of BGF, Chair of BGF Foundation

    41 min
  4. Sam Smith: SHE DID IT! HISTORY MADE! The City of London’s 1st Female CEO of a Stockbroking Firm

    Mar 10

    Sam Smith: SHE DID IT! HISTORY MADE! The City of London’s 1st Female CEO of a Stockbroking Firm

    This is a true trailblazer - she didn’t just smash the glass-ceiling in the City for women, she dismantled it forever In this episode of Billionaire Business, Chris Godsmark and Ian Fishwick sit down with Sam Smith, former CEO of FinnCap, to learn how she became the first female founder and CEO of a London Stockbrokers.  Sam shares how she acquired FinnCap when few saw its potential and strategically repositioned it to become the UK’s leading small and mid-cap advisor. By focusing on underserved SMEs often overlooked by larger institutions, she carved out a powerful niche and built long-term market influence. Ian and Chris explore: Turning around and scaling a financial services firm Building a people-first culture during growth and change Leading through the 2008 financial crisis and Brexit uncertainty Managing acquisitions and making tough redundancy decisions Balancing empathy with commercial reality After she stood down from FinnCAP Cavendish, Sam realised that she was one of only 80 women in the UK to have created a business with over £50 million revenue - what she calls a ‘super scaler’ - a number that is way too low. She discusses her new venture, The Super Scalers, which supports underrepresented founders in accessing capital, mentorship, and growth opportunities. Sam also reflects on the personal side of leadership; confronting fear, overcoming self-doubt, and developing resilience under pressure.  Tune in to hear practical lessons on clarity of mission, inclusive leadership, and scaling with conviction — even when the odds are against you.   Follow & Catch Up With Us Want more from Billionaire Business Podcast? Tap in for exclusive content, behind-the-scenes moments, and everything that doesn’t make it into the mic.   Follow Ian Fishwick: LinkedIn: linkenin.com/in/ianfishwick Email: ian.fishwick@billionairebusiness.net   Follow Chris Godsmark: LinkedIn: linkedin.com/in/chrisgodsmark Email: chris.godsmark@billionairebusiness.net   Follow Billionaire Business: Website: ⁠www.billionairebusiness.net/⁠ Follow us on LinkedIn: ⁠www.linkedin.com/company/billionaire-business-podcast⁠   Sam Smith ⁠https://www.linkedin.com/in/sam-smith-01974918/⁠ Serial Entrepreneur, Superscaler & Former CEO of FinCap,

    47 min
  5. Gavin Patterson: WHAT IT TAKES TO LEAD, GROW, & TRANSFORM BILLION-POUND BUSINESSES

    Feb 24

    Gavin Patterson: WHAT IT TAKES TO LEAD, GROW, & TRANSFORM BILLION-POUND BUSINESSES

    How to Lead, Grow & Transform At Scale: Lessons From BT & Salesforce In this episode of Billionaire Business, Chris and Ian sit down with Gavin Patterson, former CEO of BT and President of Salesforce as they discuss what it really means to lead billion-pound businesses. Gavin draws on his experience running global organisations on both sides of the Atlantic, sharing practical leadership lessons from the top. He explores strategic decision-making at scale, the realities of driving cultural transformation, and the importance of building, developing, and motivating high-performing sales teams in complex organisations. The episode also explores: The key differences between US and UK business cultures Leadership styles, communication, and attitudes to risk and innovation Navigating regulation and governance in large UK organisations Building customer-centric cultures and agile teams Leading through change, crisis, and succession Gavin also reflects on the importance of leading by example, building trust with boards and frontline teams, and maintaining a relentless focus on execution, not just strategy. He shares real-world stories from his time at BT and Salesforce, offering insights into how transparency, data-driven decision-making, and consistent leadership behaviours sustain momentum at scale. Tune in to hear hard-earned lessons from the very top of global business and discover what it takes to lead, grow, and transform organisations operating at billion-pound scale.   Follow & Catch Up With Us   Want more from Billionaire Business Podcast? Tap in for exclusive content, behind-the-scenes moments, and everything that doesn’t make it into the mic.   Follow Ian Fishwick: LinkedIn: linkenin.com/in/ianfishwick Email: ian.fishwick@billionairebusiness.net   Follow Chris Godsmark: LinkedIn: linkedin.com/in/chrisgodsmark Email: chris.godsmark@billionairebusiness.net   Follow Billionaire Business: Website: www.billionairebusiness.net/ Follow us on LinkedIn: www.linkedin.com/company/billionaire-business-podcast

    41 min
  6. Matthew Riley: HOW TO BUILD A BILLION-POUND BUSINESS FROM SCRATCH

    Feb 10

    Matthew Riley: HOW TO BUILD A BILLION-POUND BUSINESS FROM SCRATCH

    How to Build a Billion-Pound Business from Scratch In this episode of Billionaire Business, Chris Godsmark and Ian Fishwick sit down with Matthew Riley, the founder of Daisy Group, one of the UK’s leading telecoms companies. They discuss "How To Build A Billion-Pound Business From Scratch." Matthew has built not one, but two, businesses valued at over a billion pounds - O2 Daisy and GIACOM. Matthew shares his incredible journey, starting with leaving school at 16 due to dyslexia and a traditional education system that didn’t recognise his potential. He talks candidly about overcoming early challenges, using setbacks as motivation, and finding his path in the business world. The episode also explores: How Matthew’s first sales jobs shaped his entrepreneurial mindset The risks he took, including mortgaging his house to start his first venture The strategy behind acquiring over 50 companies to grow Daisy Group Managing rapid expansion, integrating businesses, and maintaining culture Lessons from taking a company public and then private again Matthew also shares practical advice on leadership, building a strong team, and leveraging personal strengths while compensating for weaknesses. He challenges the notion that academic success is a prerequisite for business achievement, emphasising resilience, adaptability, and learning from failure. Tune in to hear how Matthew turned vision, grit, and determination into one of the UK’s most successful telecoms companies and discover actionable insights for aspiring entrepreneurs looking to make their mark.   Follow & Catch Up With Us   Want more from Billionaire Business Podcast? Tap in for exclusive content, behind-the-scenes moments, and everything that doesn’t make it into the mic.   Follow Ian Fishwick: LinkedIn: linkenin.com/in/ianfishwick Email: ian.fishwick@billionairebusiness.net   Follow Chris Godsmark: LinkedIn: linkedin.com/in/chrisgodsmark Email: chris.godsmark@billionairebusiness.net   Follow Billionaire Business: Website: www.billionairebusiness.net/ Follow us on LinkedIn: www.linkedin.com/company/billionaire-business-podcast

    44 min
  7. Nadhim Zahawi: HOW RESILIENCE, FAILURE, AND REINVENTION SHAPE EXTRAORDINARY SUCCESS

    Feb 3

    Nadhim Zahawi: HOW RESILIENCE, FAILURE, AND REINVENTION SHAPE EXTRAORDINARY SUCCESS

    From Football Hooligan to Chancellor: Resilience, Failure, & Reinvention In this episode of Billionaire Business, Chris Godsmark and Ian Fishwick sit down with Nadhim Zahawi for a powerful and deeply personal conversation. They discuss the keys to extraordinary success lie in the interplay of failure, resilience, and reinvention. Nadhim traces his remarkable journey from fleeing Saddam Hussein’s Iraq as a non-English-speaking child to co-founding YouGov and later becoming UK Chancellor of the Exchequer. He speaks openly about arriving in Britain as a refugee, struggling to integrate, and navigating a turbulent adolescence that included brushes with trouble as a football hooligan, experiences that helped forge his resilience and determination. The episode also explores: Growing up as a refugee and adapting to a new culture The early failures and risks behind founding YouGov The emotional and financial toll of repeated setbacks How family support played a critical role during hard times Transitioning from entrepreneur to public service and politics Nadhim shares the lessons he learned from failure, including the importance of adaptability, learning quickly from mistakes, and maintaining a growth mindset. He reflects on navigating intense public scrutiny, overcoming regulatory and political challenges, and reinventing himself at multiple stages of his life and career. Throughout the episode, Nadhim offers practical advice for young people and aspiring leaders facing adversity, tune in to hear his extraordinary story of perseverance, reinvention, and belief and discover how resilience can turn even the toughest beginnings into lasting success. Follow & Catch Up With Us   Want more from Billionaire Business Podcast? Tap in for exclusive content, behind-the-scenes moments, and everything that doesn’t make it into the mic.   Follow Ian Fishwick: LinkedIn: linkenin.com/in/ianfishwick Email: ian.fishwick@billionairebusiness.net   Follow Chris Godsmark: LinkedIn: linkedin.com/in/chrisgodsmark Email: chris.godsmark@billionairebusiness.net   Nadhim Zahawi linkedin.com/in/nadhim-zahawi-a49a75224/ Founder of YouGov, one of the great pioneering internet businesses.   Follow Billionaire Business: Website: www.billionairebusiness.net/ Follow us on LinkedIn: www.linkedin.com/company/billionaire-business-podcast

    43 min
  8. HOW TO SELL YOUR BUSINESS FOR THE BEST PRICE

    10/31/2025 ·  Video

    HOW TO SELL YOUR BUSINESS FOR THE BEST PRICE

    How to Sell Your Business for the Best Price     In this special Bonus episode for Series 1- Episode 7, Chris and Ian discuss 'A Life In Deals'. They talk about "HOW TO SELL YOUR BUSINESS FOR THE BEST PRICE." Over the last 20 years, Chris and Ian have acted as advisors, buyers and sellers on hundreds of mergers and acquisitions - they are possibly worth listening to.   Ian and Chris explain:   ▪️ The importance of data ▪️ When you should start getting ready to sell ▪️ How soon should you meet potential buyers? ▪️ When is the best time to sell? ▪️ What factors will impact the price you get?     Follow Ian Fishwick:   LinkedIn com/in/ianfishwick Email –fishwick@billionairebusiness.net Website – billionairebusiness.net   Follow Chris Godsmark:   LinkedIn linkedin.com/in/chrisgodsmark Email –fishwick@billionairebusiness.net Website – billionairebusiness.net     Billionaire Business:   Website: billionairebusiness.net Follow us on LinkedIn https://www.linkedin.com/company/billionaire-business-podcast/?viewAsMember=true   Buy the book “The Street-Smart MBA – Mastering Business Acumen Without Going to School” by Ian Fishwick     HARDBACK https://www.amazon.co.uk/Street-Smart-MBA-Mastering-Business-Without/dp/B0FLD5Q8Z5/ref=monarch_sidesheet_title   PAPERBACK https://www.amazon.co.uk/Street-Smart-MBA-Mastering-Business-Without/dp/B08735HP2W/ref=monarch_sidesheet_title   KINDLE https://www.amazon.co.uk/Street-Smart-MBA-Mastering-Business-Without-ebook/dp/B08738NVS8/ref=sr_1_2?crid=2VOX3UKOWGT6R&dib=eyJ2IjoiMSJ9.jGqkZxFG3WEufxz7M-1iVgGElqr83rgD-VAM-9WLfXz4fii5xR10ZsWDNVlnOGAfLdZG4lksR0cCtaRyzjKlwxD8Gh4WKr2ZP8TuayLmYBiPqNWQi66IAM3QDfoxZeEa.ZUymM2LEtrzNGeYhyP9yoJQknWJe8w7LOx6GDaS6ano&dib_tag=se&keywords=the+street-smart+mba&qid=1755704706&sprefix=the+street-smart+mba%2Caps%2C96&sr=8-2   Sponsors for Series 1:   NETS International - https://nets-international.com

    31 min

About

Welcome to Billionaire Business. In this series we will be popping the myth that you cannot create a billion pound business in the UK - that’s simply not true • Inspirational interviews • Advice on how to raise equity and debt • Mistakes to avoid • How to scale rapidly • Create the next billionaire business

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