Brightstar Group CEO Rob Jupp shared how his first business collapse made him worry that he would not be able to pay mortgage or son’s tuition in a new interview.
In the latest episode of the two Russell Podcasts, JUPP frankly described the turbulence of establishing his first adventure, but frankly saw its value evaporated in the 2008 credit crisis.
JUPP describes how he will bring the secondary players and professional Packager OFM Group from the bands to 150 employees before the financial collapse.
JUPP said: “As early as the summer of 2007, an American investment bank that had already closed down provided us with less than 40 million pounds to acquire the entire group. We just thought that it was not enough-we thought we were more valuable.”
But he said: “After 14 months, we sold it to Savills PLC for less than 100,000 pounds, just to pay for bankruptcy costs.”
JUPP said the company’s failure was to lose 92 % of the business loss within a month because the secondary lenders withdrew from the market or went bankrupt.
He said that the responsibility of his family and the responsibility of his employees was very stressed to him.
“Everything returns to me the reality-150 employees and their families rely on me-really difficult.”
Zhu Pu said that he bottled his own troubles and did not share with his wife Claire, and now he regrets it-all these have caused huge losses to his mental health.
He said he was worried that he could not “pay” mortgage and his son’s tuition for 100 times a day.
But Jupp also told how his fear faced his fear, used equality in his home, and established his second business Brightstar to today with the co -founder.
Watch a complete interview to understand how JUPP deletes his social media account, and how he completely leaves the industry when he has time to sell Brightstar.
