The Cashflow Position

00:00:00: I like investment.

00:00:01: I like to invest in different categories.

00:00:05: Every number has a story behind?

00:00:08: Yes,

00:00:08: what is the number and history of it?

00:00:11: anything stable It's not interesting

00:00:14: really shapes the role of some ZFO totally new.

00:00:19: In my thinking, a ZFO always is purely the number guy.

00:00:24: Some mistakes on surviving with the company and it's good opportunity to grow.

00:00:30: Exactly!

00:00:33: Yes.

00:00:33: So I am so happy that you said that.

00:00:45: Welcome to Skillionaire The podcast where Starry Stick and Stratikis scale.

00:00:50: today We are going beyond any financial report on balance sheets.

00:00:56: or profitability.

00:00:58: My guest today is Dr.

00:01:00: Mohamed Adel Badaway, a Group CFO of Financial Reconstruction Advisor and University Lecter, a board member for an important company that's very famous within the financial industry with more than twenty years of experience across the GCC and Egypt region.

00:01:28: In the Arab world, his experiences includes corporate finances, financial reconstruction and strategic decision-making.

00:01:37: Dr.

00:01:38: Mohamed welcome to Skillionaire where a story stick and strategy scale.

00:01:44: the pleasure is totally mine to have you here today And I am very curious to pick your brain because when you guys Have listened to my podcast You know that numbers datas in facts are something That it's very important but not really my strange.

00:02:02: So I'm very happy to have somebody with full of his potential here, Thank

00:02:11: you, thank you Dr.

00:02:12: Njila and thank you for inviting me.

00:02:14: And thank you uh...for this invitation and thank-you For being here with you in Dubai.

00:02:20: I saw your interviews.

00:02:23: It was amazing.

00:02:24: as i told You many times it's very nice!

00:02:27: And thank-You for inviting Me!

00:02:28: Thank-you so much!

00:02:29: Thank

00:02:29: you for Being Here and you came exactly for.. You had actually a tour?

00:02:33: You Came from Saudi went to Egypt and hopped on To our podcast here In Dubai.

00:02:40: I can only await our little workshop that you are giving to my own team the next couple of days and, uh...to instruct us.

00:02:49: And make a stronger.

00:02:51: but before we dive into numbers data and facts in all the KBI's that you can probably tell story about what the number is actually behind let me find out who it was actually Dr.

00:03:06: Mohammed.

00:03:08: any financial decrease before any career pad out all of the financial medals that you own?

00:03:17: It's good questions.

00:03:20: I like analysis, I started was eighteen years.

00:03:26: usually i like investment.

00:03:28: yeah...I like investment and I like to invest in different different categories.

00:03:36: So I like in this and i want to see a return, and you want to figure out what is putting investment?

00:03:44: And it seems that maybe its getting older or benefits from it!

00:03:53: This passion was the one before me.. When did my career start?

00:03:59: I found it's interesting, i started with analysis financial analysis.

00:04:04: I was working in bank at first as a financial analyst.

00:04:09: then I liked.

00:04:11: when we

00:04:12: met one time before you were also saying yeah and Dubai.

00:04:17: We had some kind of very good talk And I like the quote that she said every number has a story behind.

00:04:26: And I never seen it that way, was like kind of the opposite?

00:04:33: That I had to give every number is sorry.

00:04:36: so my tax advisor or might people who are in all of the accountants back in Germany they would understand because you know also Germany has big background on taxes and I felt like constantly have to justify every number that I created.

00:04:54: And you just put it the other way around, do see already a number?

00:04:57: That tells us story.

00:04:58: I find this very impressive

00:05:00: yeah.

00:05:00: Yes usually as an university lecturer when doing any workshop and focusing on storytelling okay.

00:05:09: Storytelling if one of the audience, see what is a number?

00:05:15: What's that story effect.

00:05:18: What are stories about this company and how we get these results?

00:05:24: What are points in numbers or mindsets... This is most important!

00:05:30: The audiences want to know from beginning to end on how they can visualize it.

00:05:38: But if you just mention numbers or it will be not interesting for anyone.

00:05:45: So now nowadays all people focusing and all lecturers, focusing on storytelling Even, you know in the work for CEO or top management when explaining something to them.

00:06:03: You have to show it's a good and proper way not just telling we have liquidity ratio there.

00:06:12: No!

00:06:13: This is not by this way.

00:06:15: We want to say something For someone who isn't finance out by a way to understand.

00:06:27: For example, if we want to explain for top management or CEO in the board and say that they have a problem with liquidity this way it's not good to mention what is beyond the number?

00:06:46: What does the meaning mean?

00:06:48: And what is the proposed solution?

00:06:51: what we are facing by an easy way.

00:06:55: It's not just a number and mentioning numbers, making presentations.

00:07:00: You have to find the way, finds storytelling.

00:07:04: it will be easy for audience to understand.

00:07:06: Yes!

00:07:07: And that makes the numbers really interesting right?

00:07:11: Because you're switching so much off depends on what kind of person are.

00:07:16: if you are drawn into analysis then your very interested by nature.

00:07:22: but people who really are not very interested in numbers.

00:07:28: And if they don't get it attached to a story, then its hard for them follow right?

00:07:34: So Mohammed you said your initially motivation go into this field of industry or finances.

00:07:44: there was passion of investment and you wanted to see the balance sheets.

00:07:50: Where is the profit coming from?

00:07:51: What's it creating if you put something in or does they outcome of it, then all these things where do you remember?

00:07:58: maybe there was an initially moment when he said okay that's a right job for me That Is Something I Wanted To Do.

00:08:08: career way, tell me a little bit more about it because we always hear in skilliness go on to the very root course of a career and understand what made you actually going deeper into that.

00:08:23: And gives you also the drive maybe when your whole also have some hardships uh-in business?

00:08:30: I'll tell me A Little Bit What was Your Motivation?

00:08:32: Because To Have The Right Kind Of Course The reason for your motivation is actually what moves the needle later on.

00:08:42: Motivation always coming to me when seeing a company going up.

00:08:48: If you start with the company, for example as finance manager or CFO when you start in a company as a Finance Manager and You find many issues at the starting point.

00:09:00: At this time you have challenges here.

00:09:03: This coming is motivation if you see many challenge there And do overcome it?

00:09:09: And you can solve it out.

00:09:11: It's very interesting to me.

00:09:15: If anything stable interesting.

00:09:18: No value created, no value.

00:09:21: That's so interesting because that really shapes the role of some ZFO totally new Because in my thinking a zfo always is purely the number guy.

00:09:37: That is not really people orientated, but if you shape it like that and this your motivation to have a value creation then wow!

00:09:46: This something so beautiful close my mind.

00:09:49: CFO rule is not accounting wise.

00:09:52: or CFO rules seem like captain in the ship Captain who direct the company and direct the CEO or top management, where they are going.

00:10:06: They give them what is numbers?

00:10:09: What is mindset?

00:10:11: What alternatives we have to do if any risk there he must figure it out.

00:10:20: Anything he must show them and transfer to top management by a way with the solutions, not just make is a problem.

00:10:29: CFO rule as very important for big companies because if the CFO is weak its will affect all of the company.

00:10:43: It's an easy way.

00:10:46: finance manager or CFO, but he seemed like a captain as I told you in the ship.

00:10:52: He directs Zaway, even if any expansion for example.

00:10:57: he must study it very well.

00:11:00: He must get into consideration all aspects not only finance and not only.

00:11:07: he must consider operation or liquidity or legal.

00:11:13: Many aspects should be considered for CFO CFO, he must guarantee the company is going in a good path.

00:11:24: without that.

00:11:25: The company will face many problems even if they are achieving profit because some companies which I saw so many times can achieve profits on balance sheet and income statement and financial statements And at the same time, facing a problem for liquidity.

00:11:47: For example of... The company is achieving profit and sometimes they have liquidity.

00:11:53: At this time CFO must focus on which one to liquidity or profits.

00:12:02: But by any way, CFO is generally focusing on liquidity and profit but most important liquidity in the company taking into consideration any risk happened.

00:12:17: And the most important also for any CFO to make forecasting and scenario, what may be happen to their business?

00:12:29: Sinistivity analysis.

00:12:32: many scenarios must be pessimistic scenario optimistic scenario.

00:12:35: What is a scenario?

00:12:36: whatever He will do, but he must consider many issues.

00:12:41: I wanted to know a little bit about your own path.

00:12:44: so you have found your passion in analyzing.

00:12:48: You went to study this field?

00:12:51: Do make it career.

00:12:52: now you have reached level where you are the CFO of big group all over GCC.

00:13:00: So tell us a little that because i want to guide our audience how Some people can stick to a similar career path like you have, so they can learn from this podcast and bring the value through their audience.

00:13:17: somebody is in this field and wants to make a career or doesn't know how, maybe you can share your own path.

00:13:24: so get some inspiration.

00:13:27: This also very good question!

00:13:32: In my opinion there are two factors.

00:13:35: first factor is trust in Allah let's say in Arabic.

00:13:42: second one don't give up many, many circumstances around us.

00:13:49: Maybe you will fail in some time.

00:13:53: This is usually normal.

00:13:56: Some mistakes You can do this is normal also.

00:14:01: But what's the most important?

00:14:03: Don't give up.

00:14:04: Don't give up and always learn from your mistakes.

00:14:08: Learn from opinions, opinion of people who advises you.

00:14:14: Learn if you're from your team.

00:14:16: sometimes the team tell something it's correct.

00:14:23: don't be.

00:14:23: I am a manager.

00:14:24: no Be leader who must build good teams.

00:14:29: without them will not be able to work alone.

00:14:34: This is the most important, so in my opinion trust and Allah is first and the second one.

00:14:43: don't give up

00:14:45: never give up.

00:14:46: this.

00:14:46: it's an option right?

00:14:47: It only obstacles are coming.

00:14:50: only you wait to shape your To Be Better or to grow.

00:14:54: even

00:14:55: just fight whatever.

00:14:58: So now You Are Over The GCC.

00:15:01: Do you want to talk about your journey?

00:15:03: How did you learn a position like that, how somebody is becoming a lecturer in the university.

00:15:11: And do even be a board member and let us know if we can scale our own career as this podcast is about scaling right?

00:15:23: Since I graduated from Faculty of Commerce in Alexandria.

00:15:28: This is my I loved city.

00:15:31: Yes starting from this point, I started to study.

00:15:35: until now i am studying

00:15:36: lifelong learning.

00:15:37: yes

00:15:38: yes and I didn't stop from starting Tenna.

00:15:43: I started with CME, it's one of the wide certificates.

00:15:49: good in management accounting then MBAs and DBAs and IFRS.

00:15:58: many certificates and many studying qualifications.

00:16:03: Qualifications is most important.

00:16:05: besides experience, qualifications alone is not enough and the experience alone isn't enough.

00:16:13: Certificates and qualifications and studying with your experience give you access too many issues and you will learn more.

00:16:30: Your mindset would be changed, your mind sits in experience... You'll gain more about the experiences from qualifications as well so both of them are most important.

00:16:44: You have actually entered this big company where you'd be the CFO in Saudi, tell us a little bit more.

00:17:00: I'm now Sifo for a big company.

00:17:04: yes i work is in Saudi Arabia Emirates...I am responsible for Saudi Arabia, Emirate Homan and the Egypt as well.

00:17:13: Yes,

00:17:13: I am responsible for four candles.

00:17:16: Also now i'm a university lecturer at BNDB.

00:17:20: Let me stop this here for second because to be in four countries as ZFO is nothing that you just can override with coming around the corner but also being a lecture... I wanted to line it up so our listeners hear.. CC region, you are responsible for the financial well-being of a company.

00:17:48: I only can say, yeah.

00:17:50: That's a massive achievement!

00:17:52: i just wanted to line this out because a lot of people and also we tend if you talk about our own achievements... We tend too over.

00:18:01: go this.

00:18:01: so..I just want it give here the skillionary medal to basically achieve something really good very good.

00:18:10: So proud have your hear in the podcast.

00:18:12: then In this role Mohammed, explain me please.

00:18:18: How was it responsible for getting them in a position where you share your knowledge as a lecturer at the university?

00:18:35: university lecturer, and you have a great experience in the field of finance.

00:18:42: You will close the gap between theoretical and practical.

00:18:47: for this reason I like teaching.

00:18:51: I have only one lecture weekly, but i like to transfer knowledge and what i learned from it in practical terms how the theory is going on.

00:19:12: so Zagab, if we are talking about for example valuation.

00:19:19: In finance, in finance we have many ways for valuations.

00:19:24: What is going on?

00:19:25: In practice what it's going on?

00:19:26: theoretical how to close the gap How to find actually in for example merger and acquisition to close this gap.

00:19:39: You will find, you'll find theoretical.

00:19:41: we studied many issues but in practical in Merjan in the possession he will find many other issues happened not seem like what we started.

00:19:55: so in practically well found many many issues different totally different.

00:20:01: So how to close these gaps?

00:20:03: How to transfer your knowledge, how to transfer you experience.

00:20:07: This is the most important because audience want to learn not as they don't want some theoretical.

00:20:16: with practical They won't be able to go through The market in getting good position and doing a good job to be able to understand it very well and to greet some competency.

00:20:37: Yeah, I wanted to share something.

00:20:39: Maybe i'm putting myself in a weak point now but i am taking the risk all by my self.

00:20:45: Lately as my company here at UAE is growing... ...I also want somebody on my team who's taken care of financial accounting, profit and loss, budget planning etc.

00:21:01: so that was doing my thing with recruitment way I did, I had actually eighty six inquiries.

00:21:12: Only twelve showed up or twelve was actually showing up after we invited most of them and that's a strategy that always go.

00:21:23: in the end i chose somebody who came fresh from university.

00:21:27: my thinking wars.

00:21:28: this person must be at most motivated.

00:21:32: This person must see the potential that we have, not having really a big structure behind it so they are able to build up this structure themselves and grow with.

00:21:46: But in the end, this person was so overwhelmed after three days I wasn't even issuing her visa yet.

00:21:53: This person says well i cannot do this Miss Thomas!

00:21:56: I'm not qualified for this job and so she quit it again.

00:21:59: And that kind of very disappointed In somebody who chose this job Not knowing what beauty could lay in It to create their own infrastructure and then not taking a chance like that.

00:22:17: For me, in my eyes it was big change this young person has been given to.

00:22:23: she didn't take.

00:22:25: so I think being a lecturer makes the people ready find out chances of digesting all knowledge from theoretically into practical.

00:22:39: That is something so beautiful that you do.

00:22:41: So again, a big value that you'd do on the whole financial industry?

00:22:46: Thank you for that as well!

00:22:48: Do you have sometimes in the lectures that you have amongst students who are dating... ...do you have persons to think they just because it's a job or

00:22:59: J.O.B.?

00:23:01: Or can you evaluate really fast if those people you know, having a passion similar like yours or if they are just doing a job to do the job.

00:23:14: You want say something regarding what you mentioned about searching for someone Yes!

00:23:21: For joining with him.

00:23:22: The most important when choosing Kinsajub His mindset To know technically But If we make it as a way thirty percent or forty percent of his mindset, how he will deal with problems.

00:23:40: Exactly!

00:23:42: Because you know if we don't have the good mindsets as a good attitude in an interview to be problem solver.

00:23:50: this is most important and what I am always searching about not only technical.

00:23:56: In any interview for managers usually i'm searching someone To Be A Leader.

00:24:04: Exactly, but you know what happened?

00:24:06: I was just driving a little bit off.

00:24:08: But i think this is going to be so...I wanted to have your opinion on that!

00:24:11: You know..i had group interview.

00:24:14: basically they had to make a group task and i brought all kind of papers.

00:24:20: i fake those papers made fictive invoices some mistakes in it.

00:24:27: So They Had To Find This Out.

00:24:29: I Wanted To See Who Is Taking Leadership In This Group And All Of These Things.

00:24:33: the potential, well best educated person.

00:24:36: But the person who had very good qualities of a person who fits to my team.

00:24:43: secondly and thirdly also has a lot of potential to grow you know?

00:24:47: Who's looking for solutions.

00:24:50: Looking for here is a carry.

00:24:51: but

00:24:52: yes I wanted to strongly have.

00:24:55: people will choose career not as salary You know.

00:24:58: so what are found out?

00:25:01: actually that Unfortunately, those people who fitted totally one hundred percent into my ideal candidate.

00:25:10: They all was self somehow employed under their own visa.

00:25:16: they didn't want it to have committed to a company that had their side hustles here and there .

00:25:22: And I cannot support the position where we are in terms of growing.

00:25:28: so But let's move on and then take somebody else.

00:25:35: And that didn't turn out good because she was totally overwhelmed with the creativity, that I proved in.

00:25:43: when it comes to numbers you know?

00:25:45: It...I think as you said every number has a story but also You have to have your mind open and that's only the reason why I make.

00:25:59: The subject of numbers, the subject of finances for me so interesting as a founder too wanted to see it because this is also um the grow potential that the company has in the books?

00:26:11: Is that so or what does you opinion about?

00:26:14: Yes, you are totally right.

00:26:19: You're a finance department.

00:26:21: if the finance department has qualified people in this department, you will find your company is going the correct path.

00:26:32: Otherwise we'll find many issues and many troubles.

00:26:35: that happened so In many companies I saw.

00:26:40: The problem is coming not only from operation From finance as well.

00:26:45: If Finance Is Good You Will Find Everything Going Yes In A Good Way.

00:26:52: So For Any Company They want to make expansions.

00:26:55: You want to Make corrective actions, they went to fix.

00:27:00: what is the problem?

00:27:01: They have.

00:27:02: okay This is good too.

00:27:03: fix operation.

00:27:05: if you Have a problem fix HR fix.

00:27:08: but To choose talented people in finance this Is most important thing.

00:27:15: it's a company.

00:27:17: If you have if you have Talented People In Old Bartmint Yes But you don't have in Finance You will fail.

00:27:25: Finance is a backbone of the company?

00:27:30: Yes, you said that it's all right as a backbone for the company and in other people they take it kind like step-childs but there are such... It's a backbone!

00:27:42: And especially here at the MENA region where everything is so fast also with your finances create this liquidity and you have to be as a CFO.

00:27:58: switched on at this moment.

00:28:00: Is that correct?

00:28:01: In the subject of being a financial advisor, you have to be switched on because I can only imagine out my point-of-view as a founder and creator an opportunity taker right!

00:28:13: I'm going and hunting and harvesting all these things in but then i see my CFO like we don't have capacities for it.

00:28:23: I know, i'm not gonna accept.

00:28:26: let me create the capacity then and that could be such a good additional work together.

00:28:34: Is there something you experience in your career path somewhere?

00:28:38: Yes!

00:28:39: You are one of amazing mindsets which I see actually.

00:28:51: Really, from last time when we discussed before in Dubai... Before you said seven or eight months ago?

00:28:59: It

00:29:00: was an October list!

00:29:03: At this time we discussed about many topics and issues.

00:29:09: You have a good mindset And it will be in a good position one day, and also in Dubai.

00:29:20: here the government is supporting companies.

00:29:29: You asked me before we started about countries and different.

00:29:37: Each country has specific characteristics, and factors are different between one country to another.

00:29:45: in Dubai you will find flexibility even your business.

00:29:49: it's easy to open a business.

00:29:52: taxes also free zones infrastructure for Presidents usually think about Dubai's investor friendly by design is what I like to explain.

00:30:04: Usually it's easy for anything, but in the same time no one can copy his business to Dubai No one.

00:30:11: if you

00:30:12: succeed.

00:30:13: It totally not possible.

00:30:14: yes i tried this with my chairman I'll be the greatest, pass and copy but it just did not work out.

00:30:20: It's just not possible right?

00:30:22: Different aspects

00:30:23: are there.

00:30:24: The competition is very high in Dubai But at the same time its matured market.

00:30:32: If you don't have a value You will fail.

00:30:35: So the markets enforce to create a value as a company or an investor to create value.

00:30:43: So the market is matured enough in my opinion, Dubai.

00:30:48: Dubai it's easy to open any investment here To make your own company and invest.

00:30:57: It's easy.

00:30:58: It's

00:30:58: easier to open but hard-to-hold.

00:31:01: Correct!

00:31:02: And

00:31:02: this is second part You can't have value Or you didn't created a value for your company, this is the homework.

00:31:12: For any entrepreneur to open a Dubai or an Emirates have to create value and you can't copy the market.

00:31:23: if succeed in one country it's not easy.

00:31:30: each country has a specific characteristics, as I told you.

00:31:34: Also if we remember the case of Uber... Uber was very successful company in Europe until now In Europe and America, Medellistasino.

00:31:46: But Uber who went to China she failed And she achieved one million dollars loss in her first year.

00:31:55: She exited already and exited from the market.

00:31:58: Why?

00:31:59: Because Uber didn't study the market and this is a big lesson.

00:32:04: Did you adjust

00:32:05: to the needs of the person, how people are actually reacting?

00:32:09: The customer journey.

00:32:10: This is something that we always have to take in our evaluation.

00:32:14: which brings me to the next question Mohammed We were talking about a little bit being CEO and CFO.

00:32:21: now Me.

00:32:23: as a CEO for company I've always had creative ideas.

00:32:26: i wanted this done executed or even sell it, design it whatsoever.

00:32:34: All of these things now as out off a CFO point of view what you think the number that's most important to the CEO they always should have in their focus and the other way around?

00:32:49: What is he or must deliver to this CFO for having good harmonic an aligned kind of grow?

00:32:59: This is an amazing question.

00:33:01: Okay, as a CFO he must always when discussing with the CEO wear the lenses of CEO what it means?

00:33:13: Don't explain to the CEO accounting don't explain ratios.

00:33:20: no visualize it.

00:33:23: support him get decisions.

00:33:26: What does the CEO want?

00:33:28: He wants numbers from you, he wants reports.

00:33:32: Why do they want this report to get some decisions?

00:33:36: Exactly!

00:33:37: He wants a report that makes decision.

00:33:39: That's always what I wanted.

00:33:42: If you explain... If you explain moon numbers, if you explain just the problems.

00:33:49: Even if we have a problem to find what is the proposed solution for it?

00:33:56: This is my recommendation and this is most important also for CFO.

00:34:03: A must guarantee liquidity of the company in order to manage and get decisions in good way.

00:34:14: liquidity, if you guarantee for him profitability.

00:34:16: He will be able to decide and get some benefits from your reports.

00:34:23: otherwise it would not benefit them.

00:34:26: It wouldn't create value.

00:34:29: Okay Tell me one more time again The CEO has then given what numbers to the CFO?

00:34:39: To have them both aligned What lenses they have?

00:34:42: The CEO has to

00:34:45: tell us.

00:34:50: But

00:34:50: the other way around,

00:34:52: yes but why is this... Why I mentioned that?

00:34:55: okay because if he didn't wear it He will not be able to be in the same beach.

00:35:02: Uh, he would understand if you mentioned for him we have this on the trail balance well?

00:35:08: You wouldn't understand that.

00:35:09: yes, I do not understand some ratios.

00:35:11: know who want two?

00:35:12: no uh Who wants to get recommendation from your side here?

00:35:16: won't you to guarantee risk To mitigate what is a risk?

00:35:21: they want you too.

00:35:23: Make sure everything is very Well-to Understand What Is Going On.

00:35:28: Okay, from the CEO you have to know.

00:35:33: I can say it to you You have to.

00:35:35: what is audience?

00:35:37: Audience CEO.

00:35:38: he's not finance guy.

00:35:40: if someone in your team financial analyst for example This is finance guy.

00:35:46: You have to talk by the same language.

00:35:49: Accounting manager, you have to do it with a similar language?

00:35:52: Yes this audience.

00:35:53: but if that audience is CEO okay... ...you'll be talking about his language.

00:35:59: Storytelling!

00:36:00: That's what we said earlier right?

00:36:05: That's so beautiful.

00:36:06: It's

00:36:06: linked to each other.

00:36:07: Yes, yes.

00:36:08: So it is very important To get this line.

00:36:13: Now.

00:36:13: you are also a board member.

00:36:15: How do we become a Board Member of big company?

00:36:18: Explain us little bit about that.

00:36:20: You're not only a lecturer Not only as EFO But your also a Board member As the means Your making decisions on a big scale.

00:36:29: This is a big scaling moment.

00:36:32: Let me pick your brain how it came to this position, and what impact you have in a board?

00:36:42: Okay, a board member is totally different from working as a CFO or working as financial analyst or financial advisor and so on.

00:36:56: It's totally different because you are voting for some decisions.

00:37:01: You're thinking about some perspectives.

00:37:08: You want to make sure the company is going on in same like a CEO here.

00:37:14: Same as the CEO for example, you are getting some reports or information from managers and so one of them has to vote for expansion somehow.

00:37:29: You have to vote many aspects.

00:37:35: So being a support member is totally different.

00:37:38: Support members seem like guiding top management for specific way so measuring the risk and focusing on this point, not... We can

00:37:51: see the growth parameters of your own career in financial industry.

00:37:57: What's next episode?

00:37:59: what you're planning or will share with us?

00:38:03: pick preview with us.

00:38:06: I want to open my own company, sure but not now currently because you know i have to be ready for this.

00:38:19: that's my beloved really readiness?

00:38:22: check that out make with my clients.

00:38:24: are you?

00:38:25: even everybody is wishing themselves or a wishing you know, scaling moment success.

00:38:35: But are they really ready?

00:38:37: This is so often that founders are not even ready to digest the ghosts that they're calling there and I'm already too digested on this as such a smart statement.

00:38:48: if you say I have this vision, i have this goal but not yet am NOT YET READY AND TO BUILD YOUR REPETITION IN A MARKET TO BUild your big standing.

00:38:58: You are already on a very good path and you're an outstanding financial person, as I can see what do over cross country or borders.

00:39:11: that is something very remarkable.

00:39:13: now marmot i wanted to know one last question That could be helpful for our audience or even to me, I'm really a small person who likes to learn from you and pick your brain.

00:39:29: If you evaluate all of the clients that you have... All of the companies that you work with, the lectures that you've given what number a lot of founders business owners are underestimating?

00:39:45: That they don't in the focus, what number would you advise everybody should have under each and every circumstances?

00:39:55: In focus which a lot of founders and business owners are learning too late.

00:40:01: They should not known this earlier.

00:40:03: What Would You Just Say To Somebody?

00:40:05: Which Aspect Of Financial Credentials Is So Important to Not Leave It Out?

00:40:13: That's Great Business Owner okay, or if top management we can say business owner whatever he must focus on liquidity of the company.

00:40:28: He make sure that the company has enough cash to survive If the company achieved profit for example but in same time it's out of cash.

00:40:42: she can be out of market if the company is achieving loss but at same time she has a company liquidity enough to pay salaries, to pay vendors.

00:40:55: She can make corrective actions and continue.

00:40:58: it's most important for business owners to guarantee their cash.

00:41:05: this is the most important to avoid the company being out of cash.

00:41:10: Getting stuck, really?

00:41:12: Yes

00:41:13: this is most important not focusing only on credit making increase a credit term and they must focus on cash beside what are going do in their business.

00:41:32: They must consider at same time that liquidity situation liquidity.

00:41:39: Very good, thank you that you share this with us.

00:41:42: I said despite.

00:41:43: I said it is already the last question.

00:41:45: i have one more question...I really wanted to know under these circumstances that the Middle East's at this moment if you have a company and your wings that undergoes very precious a very pressure, full environment times and what decisions would you advise them to do?

00:42:11: You know like kind of also geopolitical pressure that we have now.

00:42:17: To make decisions...you see as we had also the Covid crisis And many other energy crises in Europe I was one time awarded to be a crisis mentor and told companies how to handle under pressure.

00:42:41: their company decisions and so on.

00:42:43: And I know, liquidity was one of the biggest points that are always said they look out.

00:42:50: but i would like to know how do you point a few having a company under pressure?

00:42:55: Out of any reason!

00:42:56: That could be financial some kind doesn't pay.

00:43:01: Some incident happened?

00:43:02: XYZ we don't know.

00:43:04: But what is your biggest advice or you know, emergency scenario that you have for a company.

00:43:13: That is currently under pressure.

00:43:15: crisis management it's totally different.

00:43:18: uh You will find in normal situation the company Is making some decisions It's totally difference and crisis Why?

00:43:28: In crisis management we focusing on surviving of the company.

00:43:34: And because you will find some geopolitical, some from global is not coming from inside the company but You have at this time to make as a company surviving it's more fabrics or its called capital expenditure and expansions in somewhere.

00:43:56: But normal situation Each company wants to grow, it's not an equation.

00:44:03: Why?

00:44:04: Because in some crisis that happened is a good opportunity for growth.

00:44:10: Exactly!

00:44:14: I am so happy you said this.

00:44:17: It isn't

00:44:18: straightforward but usually and normally if the company works at some point the times, a good time to expand and so on.

00:44:30: And make expansions is not good.

00:44:33: but sometimes no you have to hunt like stocks usually choosing some stocks in In the time of crisis, you have to gain benefits.

00:44:53: Sure in some industries and some... For example now we have a war and we find many ports.

00:45:04: at this point I need to think how do they benefit from it?

00:45:09: What is that?

00:45:11: what does the company will do To avoid this.

00:45:14: So what is the alternatives?

00:45:16: What's a company you have to invest, for example if we are talk about stocks or we have talked about seem like in some you will find You heard Some people.

00:45:27: okay We have to investing gold sometimes it going Good, and sometimes it will be the situation.

00:45:35: So you have to use... It's not always a crisis that is bad.

00:45:44: A very crisis?

00:45:45: Is there chance right?

00:45:46: Correct!

00:45:47: And sometimes its good for benefits from it.

00:45:52: I'm so happy for this interview today.

00:45:54: Thank you, Dr Mohamed... ...for sharing actually your knowledge and experience with us today.

00:46:02: And what i particularly appreciate is about the conversation that we have a totally other input on financial aspects and controlling of all these financial aspects.

00:46:17: It's about creating clarity protecting the organization and building a future that employees, leaders and investors can trust in.

00:46:27: To everyone who's listened, connect with Dr.

00:46:30: Mohammed.

00:46:31: Who is listening to this podcast?

00:46:34: Please connect with dr.

00:46:35: Mohamed Adel Badawai on LinkedIn.

00:46:38: You will find all of the links that are necessary to get in connection With him in the show notes In The info box Of the podcast here And you may also check and reconstruct with Him.

00:46:52: Your financial readiness today produce some kind of benefits and you feel, You still have a lack of consistent implementation.

00:47:05: The Scallionaire channel here connects your most likely with Dr.

00:47:10: Mohamed And he can bring his hands on onto Your career & your business.

00:47:21: Until then don't forget to activate the bell and to subscribe our channel because we always listen, Because We Always See So Many Listeners But None Of You Have... but not all of you have actually subscribed the Channel.

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