An Epiphany Moment


Peter Savage 2 TV-Bay Magazine
Read ezine online
Download PDF
Download PDF

I had been negotiating the sale of my company and had reached the really hard end of the bargain. We were close to agreeing the final sum after a lot of too-much-give-and-not-enough-take negotiation. The solicitors were calling me, keen for a deal. It had come down to one sticking point and, in my hard ball “I am the Wolf of Wall Street” guise, I wasn’t going to let it go. It would make a value difference of 1.5% on the total outcome. Not much, you might think, but I had already nearly fallen out with the solicitors over their fees and I was giving my advisors an extremely hard time because the corporate adviser couldn’t see how I had already given more than an inch and the buyers were taking more than a mile. I was not going to let them win.

It was the day before exchange. I had promised my mother I would take her in for a small cancer operation and, as a dutiful son, I duly obliged and drove down to Poole. I sat with her until she went under then decided that, while she was not contactable, I would go for a long walk. Long in the 20k sense but nothing like as long as the walk I had planned for the next week – doing a stretch of the Camino with my girlfriend. Why? Because part of the selling-my-company deal was to find more personal space to enjoy time with her.

So off I set on this 20k walk and within the first 15 mins I had argued again with the corporate advisor, ending the row by saying I would not be available for the next three hours, sort it out. (That’s the polite version of my robust response.)

I carried on walking. And hour went by and the phone didn’t ring. An email came in with a “can you read this” appeal and, having regained some headspace (or was it a sense of release?), I heard my head say, “this can wait”. I went back into the rhythm of walking, just as it had been during my last Camino. My watch interrupted, annoyingly, by giving me my stats every km when all I wanted to do was sink into the euphoria of my uncontactless-ness.

I got to the 10k point and phoned the girlfriend and said, “Next week, on Camino, it’s no watches. They spoil the ambience”. After 15ks I ignored two calls from the advisors then took a call from my business partner. He asked how my mum was and I said, “Sleeping as the op was still running”. He said, “We are nearly there on the contract”. But I was still pissed off as the latest deal on the table would mean losing 1.25%. Yes, that’s how uptight I had become. I said, “Leave it to me. I’ll sort it,” without being sure whether I would pull out or try to keep banging against the brick wall, determined not to lose this one large (actually small) aspect of the deal.

The phone rang again and I was told that my mother could be picked up in an hour but that they would ring again to confirm. I had to get home, shower and get ready to set off. There was no time to lose. I got home, undressed and headed for the shower. I was about to step under the spray when the office texted to say the phone lines were down and the IT had failed. It was 5.15pm and I was naked but, and this is typical me, I called the office manager and arranged for all calls to be put through to my mobile as everyone would be going home soon. At 5.25pm I got in the shower and, yes, the phone rang again. And again. I was, in effect, my own receptionist taking call after call, stepping in and out of the shower stream, not showering, just getting wet, while telling everyone we would call them back tomorrow. I couldn’t wash, the hospital couldn’t call and, most annoying of all, I couldn’t shout at my advisors to carry on trying to win 1.5% of a deal.

At that moment I thought, “I am 56. I am standing naked in a shower answering calls for my staff and unable to contact my sick mother. What the f**k am I doing?” Fifteen minutes later I had agreed the deal and was sitting beside my mother with my life regained.

So what is the result and indeed the moral of this story ??

The Result

On the 8th October it was announced to the Stock Exchange of the forthcoming sale of Azule to PCF Bank. Good news for the shareholders and for our existing and future customers as this sale will allow us to both, increase our range of services to the market, and also offer funds from a lower cost of funds. So effectively enabling our customers to borrow at better rates than we were offering prior to the sale, without hindering our flexibility that we have or had as brokers. Good news for all.

The Moral

I suppose I am trying to say that many of us end up in positions where we can’t see the wood for the trees, everything becomes so microscopically focused that all the small problems become big problems. It is at this stage you have to take stock and ask, what really matters to you in life. Today as finishing this article I had a member of my staff talking to me about her mother’s illness, worse than my mothers. Then you think that REALLY matters, these things outside of business are more important than whether you make another few thousand on a deal. So heading back to the top I have just finished by second Camino, no phone or internet let alone watch and am hopefully a 56 year with a much more balanced perspective on life.

If you want to talk through work life balance or any of the topics above contact me on 07834 864958 peter.savage@azule.co.uk and remember DON’T sweat on the small Stuff !!!!!!!!!!


Tags: iss134 | azule | finance | Peter Savage 2
Contributing Author Peter Savage 2

Read this article in the tv-bay digital magazine
Download PDF
Article Copyright tv-bay limited. All trademarks recognised.
Reproduction of the content strictly prohibited without written consent.

Related Interviews
  • Azule Finance at BVE 2016

    Azule Finance at BVE 2016

  • Azule Finance at BVE 2013

    Azule Finance at BVE 2013

  • Five Arrows Media Finance at IBC 2015

    Five Arrows Media Finance at IBC 2015

  • Kit Financing with Medialease at NAB 2017

    Kit Financing with Medialease at NAB 2017


Related Shows
  • How is the recent budget going to help or hinder the TV, film & media production industry in the UK

    How is the recent budget going to help or hinder the TV, film & media production industry in the UK


Articles
The Future of Broadcast Technology
Sebastian Richter

Spotlight on Sebastian Richter, Vice President Media Systems at Rohde & Schwarz.

We are currently in the middle of a transition phase with migration to several new technologies, from the move to IP-based infrastructure and the shift from linear to video-on-demand (VOD).
The question for all of us is how long that transition phase will last; it is going to be faster for some customers then for others – national broadcasters, for example – it will be a slower process.

Tags: broadcast | 5g | 5g broadcast | rohde and schwarz | Sebastian Richter
Contributing Author Sebastian Richter Click to read
Spotlight on James Gilbert, Director of Product and Solution Management
James Gilbert

Over the next eight years we are going to be in transition, and within that there will be vastly different rates of change among content owners and media organisations. As a technology provider the onus is on us to be flexible and adaptable to meet this wide range of requirements from our customers.

Tags: | James Gilbert
Contributing Author James Gilbert Click to read
Spotlight on Karl Mehring, Director of Professional Services, Broadcast, Amplifier and Media
Karl Mehring

How has the role of Professional Services evolved in recent years and what vision do you have of the broadcast technology business? Covering new opportunities that the move to remote brings, new technologies such as 5G broadcast & the impact on the broadcast industry, and the challenges for broadcasters and how can they overcome them.

Tags: COTS | cloud | remote production | distribution | 5g broadcast | Karl Mehring
Contributing Author Karl Mehring Click to read
The Future of Broadcast Technology
Manfred Reitmeier

Now that OTT and VOD have become more mainstream, many commentators talk about traditional broadcast methods, like terrestrial transmission, being a thing of the past. With so many new platforms and non-traditional content services carving out a growing slice of the market, you can be forgiven for thinking that linear over-the-air television is on its way out. The reality is that the industry must strike a balance between meeting consumers’ shifting habits and the business and operational needs of content providers.

Tags: Rohde Schwarz | 5g broadcast | Manfred Reitmeier
Contributing Author Manfred Reitmeier Click to read
A switch in time: how KVM can unlock the future of broadcasting
Chris Smeeton

One of the major changes for broadcasters during the pandemic has been the shift towards remote production; by no means a new phenomenon in an IP environment, yet accelerated under lockdown to accommodate travel and gathering restrictions. A 2021 report found that almost 40% of broadcast professionals now employ remote production, up 9% on the previous year.

Tags: KVM | ARGOSY | GDSYS | KVM Tech | Chris Smeeton
Contributing Author Chris Smeeton Click to read