In an era where AI and no-code tools let founders build products in a weekend, speed has become a double-edged sword. While it accelerates innovation, it can also mask weak fundamentals, allowing poorly defined problems and shaky business models to survive longer than they should.



Georg Chmiel, Co-Founder and Chair of Chmiel Global Advisory, joins us to unpack the "5Ps of Startup Reality": Problem, Passion, People, Perseverance, and Pivot. He explains why solving a real business problem is the ultimate priority, why "boring can be beautiful," and why founders should ignore the P&L in the early days and focus entirely on cash flow.



We discuss:


The 5Ps: Problem, Passion, People, Perseverance, and Pivot.


Why speed often masks weak fundamentals in early-stage startups.


The "second mouse gets the cheese": why being first isn't always best.


Why cash flow, not P&L, is the ultimate survival metric.


How to distinguish a strategic pivot from a "panic pivot."



For founders and business leaders, this is a back-to-basics deep dive on building a resilient, high-growth company.

In an era where AI and no-code tools let founders build products in a weekend, speed has become a double-edged sword. While it accelerates innovation, it can also mask weak fundamentals, allowing poorly defined problems and shaky business models to survive longer than they should.Georg Chmiel, Co-Founder and Chair of Chmiel Global Advisory, joins us to unpack the "5Ps of Startup Reality": Problem, Passion, People, Perseverance, and Pivot. He explains why solving a real business problem is the ultimate priority, why "boring can be beautiful," and why founders should ignore the P&amp;L in the early days and focus entirely on cash flow.We discuss:<ul><li>The 5Ps: Problem, Passion, People, Perseverance, and Pivot.</li><li>Why speed often masks weak fundamentals in early-stage startups.</li><li>The "second mouse gets the cheese": why being first isn't always best.</li><li>Why cash flow, not P&amp;L, is the ultimate survival metric.</li><li>How to distinguish a strategic pivot from a "panic pivot."For founders and business leaders, this is a back-to-basics deep dive on building a resilient, high-growth company.</li></ul>

From securing funding to optimising financial performance and cash flows, here on P&L we help decode the language of money and empower entrepreneurs, startup founders, and the c-suite with practical insights, expert advice, and powerful tools to help businesses navigate the  complexities of business finances.