Since my last update we’ve seen some summer weather. Guernsey is a great place when the weather is good, it provides an ideal mix of relaxed atmosphere along with a business-like mentality.
My summer has been taken up with several work aspects. Notably a lot of activity on banxlocal.uk – a huge amount of market validation work, partnership negotiations and revisions to the financial model based around the increasing number of partners confirming terms. We’re well positioned now to get the first branches operational, and all the hard work is showing signs of paying off.
Alongside this, and as something of a distraction from the world of FinTech, I’m now headlong into the renovation/refurbishment project of the offices in St Peter Port. Navigating the worlds of planning, building control, engaging contractors, making decisions on styles and designs is very time consuming but really rewarding.
I have a steady deal flow of businesses seeking funding but given the state of the markets and the general difficult financial landscape, finding funding is very hard work. The UK elections didn’t help this, and the US elections will continue to ‘stress’ the markets for some weeks to come. These events alongside the unrest and difficult times elsewhere in the world all conspire to make this a difficult task.
I’m happy to be seeing the light at the end of the tunnel on a couple of things now which will ease my situation for the coming period. Could do with a couple of ‘wins’ in the next months though.
Looking forward to a few more weeks of summer hopefully, before the run into autumn is upon us…