Berko & Beyond
Running a business comes with unpredictable risks, and few industries felt that more intensely than live events over the last few years. Steve Butcher, founder of Universal Event Production and Chilfest, shares his realistic experience of navigating catastrophic financial losses, selling his home to fund business debts, and the heavy physical toll of prolonged stress. He details the practical steps of keeping staff employed during industry shutdowns, the reality of taking on investors, and why he eventually chose to buy his festival back to regain creative and operational control. Episode Chapters [00:00:50] Background in AV production and launching Chilfest [00:05:26] Taking responsibility for supplier failures in year one [00:09:38] Losing money in year two and selling the family home [00:15:18] Navigating the COVID shutdown and saving staff jobs [00:20:44] The financial impact of last-minute event cancellations [00:25:04] Experiencing a stress-induced heart attack [00:29:00] Changing perspectives on leadership and mental health [00:32:34] Liquidating a business and taking on external investors [00:40:09] Buying the festival back to regain operational control Key Takeaways * Take ownership of supplier mistakes: When a partner fails to deliver, accept the responsibility to your customer instead of passing the blame. This builds long-term trust, even if it requires running an event at a loss to fix the reputational damage. * Prioritize professional mental health support: Chronic business stress can lead to severe physical consequences. Seek professional counseling to process business failures rather than relying solely on family, and create an open environment where your team can discuss their mental health without judgment. * Evaluate the true cost of external investment: Bringing in investors might save a business financially, but it often means sacrificing creative control and dealing with rigid corporate structures. Weigh the financial relief against the personal cost of losing autonomy over your product. Guest Links: Steve Butcher on Linkedin [https://www.linkedin.com/in/steveofbutcher/] https://www.linkedin.com/in/steveofbutcher/ [https://www.linkedin.com/in/steveofbutcher/] Chilfest Website [https://chilfest.co.uk/] https://chilfest.co.uk [https://chilfest.co.uk/] Chilfest in Facebook [https://www.facebook.com/Chilfest] https://www.facebook.com/Chilfest [https://www.facebook.com/Chilfest] Chilfest on Instagram [https://www.instagram.com/chilfest/] https://www.instagram.com/chilfest/ [https://www.instagram.com/chilfest/] Resources: Florence Nightingale Charity [https://fnhospice.org.uk/] https://fnhospice.org.uk [https://fnhospice.org.uk/] Ideas Fest Website [https://ideasfest.co.uk/] https://ideasfest.co.uk [https://ideasfest.co.uk/] Host Links: Ben Baldwin LinkedIn [https://www.linkedin.com/in/benbaldwinchuffed/] https://www.linkedin.com/in/benbaldwinchuffed/ [https://www.linkedin.com/in/benbaldwinchuffed/] Chuffed Productions LinkedIn [https://www.linkedin.com/company/chuffedproductions/] | https://chuffed.video/ [https://chuffed.video/] Berko and Beyond Website [http://berkoandbeyond.com/] http://berkoandbeyond.com [http://berkoandbeyond.com/] Support Local! Don't forget to like, follow, and share Berko and Beyond wherever you get your podcasts, and hit subscribe if you're watching on www.youtube.com/@BerkoAndBeyond [http://www.youtube.com/@BerkoAndBeyond]. If you'd like to be a guest on the show, drop us an email at: podcast@berkoandbeyond.com.
13 episodios
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