Paul Hutchinson: continuing the work on older assets after a pivot

Richard asked whether Hutchinson's business had left its earlier lending activities behind. Hutchinson said some assets still required attention after the change.

A pivot left unfinished work

He described moving most of the business away from its prior assets while retaining responsibility for a few remaining positions. A change in strategy had therefore left an older set of obligations to manage.

He described a continuing GP role

Hutchinson said he and his partner kept working through those assets without taking management fees. The change in strategy left a distinct set of positions to work through.

In Paul Hutchinson's words

"we weren't taking any management fees" (Paul Hutchinson, recorded interview with Richard C. Wilson)

How to use this

Keep a separate list of obligations left by a strategic change.
Assign responsibility for the remaining assets until the work ends.

Questions and answers

Did the pivot eliminate all earlier work?

Hutchinson said a few lingering assets still needed to be managed.