In short
Hayley Roberts, founder/CEO of Dystology (specialist IT cybersecurity distributor), discusses evolving a business, the “one degree of separation” effect in relationships, and how divorce reshaped her finances, emotions, and leadership. She also covers her career pivot into cybersecurity distribution, building Dystology from 2015, and raising PE investment in 2021.
Guest background
Roberts grew up wanting to act (Sir Laurence Olivier; Manchester Youth Theatre). Her father pushed academics; she later worked at Potter and Moore (toiletries for Next/M&S/Sainsbury’s). After redundancy around 2008, she entered cybersecurity distribution, then founded Dystology in 2015.
Key claims
Divorce can be gradual as goals/desires diverge; “you can’t have 100% of everything.” She lost everything financially in the divorce and struggled emotionally, masking bitterness at work. She believes resilience and “tiny wins” protect wellbeing.
Notable examples
“burnt chop” analogy for mothers taking scraps; PE process involved ~11 virtual coffees and 2–3 offers; she masked divorce stress with home/car purchases; she reviews her week every Friday with a glass of wine/whiskey.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOHayley's Journey to Entrepreneurship
0:45 to 2:00
Hayley shares her childhood ambitions and early career aspirations.
“the hardest bit is evolving it actually.”
The Impact of Divorce on Female Entrepreneurs
2:00 to 3:16
Discussion on the trend of successful female entrepreneurs getting divorced and its implications.
“Well, it probably is a trend, but in my head, I've changed a huge amounts through my 20s, 30s, 40s, that I think you start on a road of, rightly so, wanting to achieve something and be with somebody forever.”
Finding Balance as a Mother and Entrepreneur
3:16 to 5:48
Hayley reflects on the challenges of motherhood and balancing her career.
“and you talk to them and they think, actually, you've separated from your husband, you divorced from your husband.”
Redefining Success and Personal Fulfillment
5:48 to 7:41
Discussion on the complexities of achieving personal and professional goals.
“have the best, you know, kitchen, you know, have the dinner parties and the great garden and the gym in the garden and all those gorgeous things that you can have, which is stuff inside I wanted to achieve more for me.”
The Emotional Impact of Divorce on Business
7:41 to 11:00
Hayley discusses the financial and emotional fallout from her divorce.
“I think we're all so desperately wanting to get pigeonholed into groups of people who are this or who are that.”
Lessons from a Strict Father
11:00 to 12:28
Exploration of Hayley's relationship with her father and its influence on her.
“You touched upon your dad earlier in our conversation.”
Generational Differences in Parenting
12:28 to 14:00
Discussion about generational influences on parenting styles and expectations.
“because I don't know whether I'd be doing what I'm doing today without that voice in my head, but I've also learned to be nicer to myself about the mistakes that I've made.”
Reflecting on Family Dynamics
14:00 to 17:38
Exploring early family influences and their impact on personal and professional identity.
“My mum was the softer, nurturing side, but she would side with my dad because, you know, she knew.”
Early Career and Entrepreneurial Journey
17:39 to 23:07
The journey from various jobs to founding a business, highlighting challenges and motivations.
“It was, you know, how do we, we're in a supply chain for technology.”
Balancing Family Life and Business
23:08 to 28:02
Discussing the challenges of managing family responsibilities while running a business.
“Then it was very, there was no COVID, there was no working from home, right?”
Show all 16 chapters
Navigating Personal and Professional Turmoil
28:02 to 29:14
Learn how personal challenges can intersect with professional endeavors during investment phases.
“And the purpose of the raising the investment.”
Reflections on Change and Growth
29:14 to 30:46
Explore the importance of recognizing changes in relationships and personal growth.
“You take money out of the business to de-risk a bit.”
Building a Resilient Business Mindset
30:46 to 32:29
Understand the components of creating a robust business environment that can withstand challenges.
“I spent probably 10 years saying, we're only just getting started, but I really mean it this time.”
Lessons from the Founder Journey
32:29 to 33:58
Discover key lessons about optimism, success, and the importance of celebrating small wins.
“I think I, I don't set resolutions anymore.”
Mindset Shifts for Daily Success
33:58 to 36:31
Learn how to cultivate a positive mindset to overcome daily challenges and celebrate achievements.
“Getting here, literally bang on nine o 'clock, but then actually failure that I didn't park the road.”
Advice for Future Entrepreneurs
36:31 to 37:49
Gain insights into effective actions for founders and the futility of worry in business.
“I have a frustration when you wake up in the morning, right?”
Transcript
Automatic transcript. May contain errors.0:00Welcome everyone to the Naked Founder podcast, the business podcast where nothing is hidden. Our guest today is Hayley Roberts, founder and CEO of specialist IT cybersecurity distributor Dystology, headquartered in Stockport. She founded the business in 2015 and has grown it to 63 million pound turnover, 50 people and has offices in the UK, in the Netherlands and in Germany. This episode of The Naked Founder is sponsored by Financiale, the home of money for women. Welcome Hayley Roberts.
0:30Hayley Roberts:Thank you for having me. Delighted to have you Hayley. We always start every episode of The Naked Founder podcast with the same question, what didn't they tell you about founding a business which you wish they hadn't told you? Founding it's the easy bit. I think the hardest bit is evolving it actually. Did you, when you were a kid growing up, did you want to being an entrepreneur was that the plan well um i wouldn't have said that was my major plan because i probably didn't know what entrepreneur meant let alone spell it um you wanted to be an actress yes i did i wanted to be an actress um i was obsessed with that um i thought performing was brilliant um who in particular did you like oh i mean sir laurence olivier was my big fave um i went to see time in london uh back in the day and uh and i did part of the manchester youth theatre when I was growing up as well and that was phenomenal and I was desperate to you know get my equity card and go and perform but I remember having hard conversations with my dad who was incredibly black and white and would say you know but you'll get rejected there's no money in it you know you're just going to be one of many so go down the academic route and at least you've got something to fall back on.
1:45I'm going to talk to you about your dad shortly I'm going to talk to you about a trend that I've seen a lot with successful female entrepreneurs who get divorced. You got divorced. Okay. Just talk about that trend.
1:59Hayley Roberts:Obviously I set the trend. I wouldn't say it's a trend. Well, it probably is a trend, but in my head, I've changed a huge amounts through my 20s, 30s, 40s, that I think you start on a road of, rightly so, wanting to achieve something and be with somebody forever. But forever is actually a really long time nowadays. And I think that what happens is we change the path in which we take, we change the desires we have, we change the goals that we have, and no longer sometimes are they fitting or matching with the person who's with us. So I think you either evolve together or you evolve apart. And it's a bit like, somebody explained it to me once, it was like one degree of separation.
2:47Hayley Roberts:So you're on a railway track, you can't see one degree of a different turn. But as you go further down the track, that one degree gets wider and wider. And I think you suddenly just look and go, I don't know whether I want this anymore. And that's, it's a horrible thing to go through, actually. See, I know lots of entrepreneurs. And when I know lots of male entrepreneurs who've maybe had a marriage breakup, and they sort of talk about it. And it's sort of, I'm not to say it's a badge of honour because it's very painful, but they talk about it. And yet I know a lot of female entrepreneurs and you talk to them and they think, actually, you've separated from your husband, you divorced from your husband.
3:23And there's probably eight or nine really successful female entrepreneurs that I know, of which you're one, who separated from your husband. You had children together as well. At what point do you know it's not working? and how much of that is down to the fact that you're a founder and you're running a business
3:40Hayley Roberts:because if you'd been a stay-at-home mum yeah would it have been different do you know i'd love to know the stats on all of this between men and women female male entrepreneurs and the divorce race i can't talk about all women i'm going to talk about what i went through um and i don't think the realization just suddenly hit me one day i think it was a gradual creeping up of I didn't want to share my journey and my successes with the person I was married to. I wanted to do things for other people. I also think that as a woman and a mother, you always put yourself last. So as soon as you have children, and certainly this was for me, and I know lots of my friends are the same, you have, and I think there is a burnt chop, I think it is analogy, but it might be something else, but you always take the burnt food, right?
4:28Hayley Roberts:So you'll give the kids and your husband the nicest stuff you've prepared, and you'll take the scraps. You'll take the one that was a bit shit. You'll take the last omelette that was a bit crappy around the edges. Yeah. And I did that for years. And it wasn't like a major martyrdom or sacrifice. It's just being a mum. You want the best for your kids. You want to give the best. You want to do the best. I loved being a mum. I really did in the very early days of getting organized, getting the feeds right again. But as soon as it got complex where I had to get involved in the school playground, get involved in the homework, it's really, really hard.
5:02Hayley Roberts:And actually, I wanted to find myself again. And I was at conflict with myself a little bit of, well, I want to make something of me, but I can't make it being a mum. You know, I wanted to, maybe I was competitive with myself and I wanted to do well, but I knew I was never going to be mum of the year. I love my kids. I want to do the best for them. but I wanted to find something for me as well. And I think that was the burning thing that got bigger and bigger and bigger. So as I was working and doing well and I started to see success because I had my children early, I didn't have my career early.
5:31Hayley Roberts:So I started to see it. I became almost not addicted to it, but I became more obsessed with doing well and doing better for myself, not to the detriment of being a mum, but that's what I did. And I think that was the build and the burn and the desire to do well, not to just have the best house, have the best, you know, kitchen, you know, have the dinner parties and the great garden and the gym in the garden and all those gorgeous things that you can have, which is stuff inside I wanted to achieve more for me. And I don't think you can get that from just seeing your children flourish because it's still not you.
6:07Can you have everything? Can you have a successful marriage, a great relationship with your children, a great home life, a successful business and be happy yourself?
6:17Hayley Roberts:I want to say yes, but you've got to understand that everything's a gauge. It's not 100%. You can't have 100 % of everything. Something has to give. Like, you know, my marriage had to give to a certain extent. And even though he was supportive in a way, I think I wanted... I didn't want that. I didn't need that support. I didn't want it moving forward. But, you know, being a great mom is idiosyncratic, right? It's very, very personal because your children's needs are going to be very different. but actually also we need to teach our kids resilience too so having something for yourself I've realized it's actually really really positive for them too so yes you can have it all but what is all as well that's quite idiosyncratic and very personal too so having a great marriage is not just something that happens you have to work at relationships I appreciate that now and I just think I just didn't want to work at it I interviewed Sarah Davis famously on Dragon's Den and she spoke about the fact that she missed her kids.
7:13I think it was either Christmas ball. It was the sports day or the Christmas nativity or something. And she said she doesn't beat herself up about it. No. But when she is a mum, she gives 110%.
7:23Hayley Roberts:Yeah. But she can't be a stay-at-home mum. No. But she's not looking down at stay-at-home mums. It's just not her. No. Look, everyone's got their place and there's not just one thing or another. There's not a stay-at-home mum and a career person. There's blends of all different things, right? And whatever works for you, And I'm a massive believer in that. I think we're all so desperately wanting to get pigeonholed into groups of people who are this or who are that. And actually, we just need to accept that what we are is unique and perfectly fine, actually. And there's a whole opportunity for us to be a mum or a career person or a blend of both or, you know, or not be a great mum and be better at their career.
8:00Hayley Roberts:That's OK, too. I don't think I was a fantastic mum. You know, I wasn't always there at things. I wasn't, you know, the one at the end, at the finish line. I wasn't the one watching things going, this is great. I was often watching these going, I could be doing something better. I mean, that's terrible to admit. I don't think my kids would ever know that, but I love them more than anything. And so that's not taken away. I'd be there if they needed me. But there are times when I've not been. Not present. Not present. I think every parent, if they're honest with themselves, would admit that as well.
8:30We've not spoken about dystology. We will in a second. But you're building this cybersecurity distributing business, dystology, which is hugely successful. and then you split and divorced from your husband. What impact does that have on your business? Oh, massive. Because... Well, both financial and practical.
8:46Hayley Roberts:Financial came, yes, because personally, financially, I lost everything in my divorce. So that's another thing that I don't think men, men will naturally say, well, let's give it all away. And, and, and yeah, and women were going, we know what, we want equality, we want equality. And so then we get divorced and go, oh my God, everything got taken from it. Yeah, it does, because that's what happens If you're successful and your other half hasn't got as much as you have, you have to share that out or give it away. And that's exactly what happened. And so, and it was bitter. It was a bitter moment.
9:18Hayley Roberts:It was horrible because it's like your child. It was my child, dystology. Your fourth child. My fourth child that I was developing and growing and nurturing and seeing people love it. And, you know, I got so much from it. And it was a sense of a real achievement as much as it has been seeing my children thrive. and um and so for someone to then not take it away but take the the the fruits of that labor away yeah that hurt that hurt um there was bitterness there real bitterness and acrimony um from both sides actually i wouldn't just say it was one-sided um and it took me a long time to get over that so yes that came after the divorce but the impact emotionally was massive and then how does that manifest itself in running a business when you go in and you walk through the front door of the business are you leaving all your residual bitterness at the door yeah oh yes I am because I'm a robot um no I I don't think anybody can right if you are an emotional person which we all are um there is no switch off switch on right if some people can do it that's amazing I certainly couldn't do it I I I tried really hard to mask how I was feeling but I wasn't in the office as much as perhaps I would have been um I wasn't um as buoyant I mean bearing in mind you build a business, a lot of it is your personality.
10:33Hayley Roberts:Our business is all about culture. It's about good service. It's about being positive. You know, these are our values in the business. So if I couldn't exhibit that, and bearing in mind, you know, we were smaller than we are now a few years ago when I went through the divorce, I was very visible. I was very tangible that I was probably not as buoyant, as upbeat, as bubbly as I always have been. So that, it was shocking. It was harmful. It was really hurtful. Yeah, it's a difficult phase that you went through. You touched upon your dad earlier in our conversation. And you love your dad. Yeah. But your dad was particularly hard on you, wasn't he?
11:09Hayley Roberts:Yeah. And I can sort of, you know, I'm very lucky with my dad, but I can really relate to some of the stuff that you said. What did your dad, what was he like? Just explain what he was like to you. My dad was very black and white, very on and off, very judgmental. He still is, he's still alive, isn't he? Yeah. You know, he and and he was very hard on himself and therefore hard on myself and my sister. And I think that we were never we never felt we were good enough ever. So in my head, the voice in the back of my head was always nothing's good enough. Nothing's good enough. You've got to keep going.
11:48Hayley Roberts:You know, even when you're succeeding, you can't. It's not good enough to sit there. I would never sit down and go, oh, my God, amazing. I'm so great because you can't be a big head. Don't be a big head, Hayley. No one likes a big head. You're one of two sisters. Yes. Right. And no brothers. No, no brothers. We were 14 months apart. My sister's older than me and she's doing amazingly well. She's a head teacher actually at a school. She's amazing. But she was more of an introvert than me. So she got knocked a bit because I was the one that would go, yeah, yeah, I'm great. Everything's fine. I'm going to show you all what's brilliant.
12:19Hayley Roberts:and she would quietly ruminate on things and probably took it a lot more to heart sometimes than I did. But I don't think it's done as much harm. And I say that with a weird 50-50 of how I feel about saying it because I don't know whether I'd be doing what I'm doing today without that voice in my head, but I've also learned to be nicer to myself about the mistakes that I've made. You talk about resilience, though, and why we need to build resilience into young people. Yeah. But your dad built resilience into you indirectly, probably. Yeah, he did. And actually, I could have turned out worse, right?
12:56Hayley Roberts:I could have turned out to be a bitter, horrible person who just beat my children with it as well. And whilst I've had a... I've tempered that with my kids, I will still say, hey, you know, you need to keep going or get some strength around. Don't sit there and lick your wounds too long because, you know, you've got a life to live and there's lots to go for. I don't think I've been as harsh with them as he was on me, certainly. But I was constantly wanting his approval. Yeah, I wonder whether or not a lot of that's a generational thing because we're a similar age, I would imagine. I'm probably much more older than you, but my dad was old school.
13:32Hayley Roberts:Yeah. And I'm a twin. Yeah. So my brother, slightly different to me, wanted to be a musician. He was really, really good. Yeah. And my dad said, get a sensible job. And it was get a trade, you know, you'll never be without work, etc., etc. But he did it for the right reasons. And both me and my brother have been reasonably successful. Yeah. But he was black and white. Yeah. There was no grey in my dad's way of thinking. What relationship did he have with your mum? My mum was the softer, nurturing side, but she would side with my dad because, you know, she knew. And I think her father was pretty black and white again.
14:08Hayley Roberts:That was the generation back again. But mum was great. She was a stay-at-home mum. She had a part-time job. She did all the things that meant she fit around us. She was a good mum. But I think she also wanted to do something for herself and never had the confidence. She's very introverted, very, very private. She was the mum you weren't? Yeah. Okay, it's interesting. Pretty much, yeah. Your first job was interesting, one of your first jobs. Obviously, you drove to being an actress, wanted to go into law. Yeah, it's got some A-levels up. Messed up your A-levels, ended up working for a toiletry business.
14:41Yes. Okay, so tell us about that.
14:42Hayley Roberts:Oh, it was brilliant. So I did the IBM graduate scheme placement or assessment day rather, assessment few days actually. And it was really good because I love being around people and we had lots of different things to do. And I love those assessment centers. But I looked at everyone who worked there and I thought, oh, they look kind of sad and a bit gray and very corporate. How old were you then? I was 21. 21. So 21 is after I graduated in business. um and I thought oh and then I went for an interview with this toiletries company that was that was developing toiletries for next for Marks and Spencer's for Sainsbury's um I thought this looks I get this I understand this I use toiletries I'm you know very excited by you know bottles and the the shape of things the color of things all that kind of good stuff I could conceptualize what it was right as a business couldn't really do that with IBM um and um and so that's why I I joined Potter and Moore, it was at the time.
15:37Hayley Roberts:And they did a lot of the toiletries of hotels. But they had a lab there developing the products. So I learned that. They had a factory to do factory startups at the age of like 22. I'd be there on a Saturday helping to start things off, developing products like the Christmas gift boxes for next. And it was great. It was really, really exciting. And I learned a lot from it. But I also had a really dictatorial female boss, weirdly, which was quite bizarre, who would swear constantly. And I thought that was quite cool. So I'd swore anyway. I mean, it's like every other word. We've only sworn once so far today.
16:13Have I? Excellent.
16:14Hayley Roberts:Oh, gosh. It's a new 2026, New Year's resolution, et cetera. And I thought, yeah, she's great. She's like telling what it is and banging the phone down and really angry and aggressive and this happens, that happens. I was like, wow, she's so cool. And then realised that perhaps not many people actually liked her. but I kind of you know take on that persona yeah that's what she'd be a real hard bitch and yeah go out there and get it yeah there you go boom that's the resolution over okay you try you mentioned early about your relationship as a mum yeah okay you had your third child 2007 yeah and you sort of realized that actually it wasn't for you you mentioned it earlier yeah 2015 you set up dystology yeah okay yeah what was the reason behind dystology what was the idea and what was the problem you were trying to fix?
17:00Hayley Roberts:So I'd worked, so when I was made redundant, actually, from a headhunting job, it was a credit crunch. So not long after, it was like 2008, just after my daughter was born. I'd gone back to work, wasn't going well, so lost that job. And I went then into, went for a job and I got a job in a cybersecurity distributor, right? So it was a huge opening then for a new industry, new area for me, it was great. Very quickly went from part-time within a few weeks to full time because I was so addicted and wanted to do so well. And I spent some time with my daughter as a baby. She was one then. And basically, it was a lot to customer service.
17:42Hayley Roberts:It was new technologies. It was, you know, how do we, we're in a supply chain for technology. How do we do better? And that's where a distributor sits. So I worked for them. They got bought by a large company. I lasted about eight months in the large company running a business unit because I didn't like to be told what to do it's very corporate got approached by a software business to run their business grew their business really nicely and then I went okay there's still a real deficit of good customer service um good care and attention to detail and technical expertise in the distribution layer um and I was always talking with my um friend who had sold the business that I'd first worked for and uh and he was like you know he had some money and I had the time and we we basically got our heads together and I said I really want to do this on my own he said great I'll back you and that's basically how it started so when you launched business in 2015 I don't know how old you were at the time but first time founder yeah when you said to your dad hey dad I'm gonna launch a business what did he say yeah I think he was quite skeptical I don't know whether it's because he didn't necessarily he would always attribute my successes to other people isn't it great that he allowed you to do this isn't it great that he did this isn't it great that he did that even isn't it great that my one of my best friend's husbands um pointed me in the direction of the recruitment website that i got the job it like it was always he it was always he was always he um but then it was always he anyway so i guess that i can't attribute that to him being sexist or whatever but it was and i thought why can't you just say wasn't it fortuitous that I managed to spot this opportunity and go for it.
19:17Hayley Roberts:Now he does. Yeah. Now he does. Because he sees the success and the... Now, if it had failed, he'd probably gone, well, that's a stupid idea, wasn't it? But maybe he didn't... Maybe he was worried that he didn't want you to fail. Maybe it was a... Yeah, I think... A counterintuitive thing. Yeah, maybe. And, yeah, maybe the stuff in his past he could have... I don't know. I don't know the psychology behind it. But he wasn't... He was like, yeah, that'd be great. And I think also I was married. It wasn't... Don't forget, you know, this wasn't me with a single parent with kids and on the bread line going, you know, but we did have a standard of living.
19:52Hayley Roberts:I was earning a huge amount of money compared to what I'd previously earned. But my husband at the time was also earning and doing well. So there was a buffer there, even though it was a huge gamble and it was, you know, we had to cut back on a lot of things. I still managed to be able to do it because I had my bills paid. Right. So it wasn't like I put everything on hold I had to you know bootstrap my whole life so so you know the hardships I'd love to go yeah it's really really tough and I was on my it wasn't that hot that's why I said that the founding bit was the easy bit everything else that comes from that this the self-deprecation the the lack of confidence the you know the the you don't have the pride in yourself that you had when you're working for somebody and doing well and and earning the money suddenly you are you are literally at at the the mercy of how well you do for for praise and accolade you don't have a boss telling you you're doing a good job are you unemployable yes massively right okay so you set up you set up astrology okay and you set up astrology yes okay 2015 um just talk about the practicalities of it did you need to you said you right there's somebody that you knew.
21:04Yes.
21:04Hayley Roberts:So it was founded in 2014. And the name is very simply Distribution Technology. Which I like. I think it's really good. And do you remember the, do you remember the, it's an ology, it's a science. Yeah. Remember that? Yeah, yeah, yeah. Maureen Lippman. Maureen Lippman, yeah. And so it is, and you know what? It kind of is, of course, everything is a science if you boil it down to brass tacks. So that was it. And then the vendor that I was working with, I then took them in to represent them, to distribute them. So they were the biggest vendor that we had. We had another vendor that was really good run rate stuff.
21:43Hayley Roberts:So we took that and that was it. So those are the two things we started with. And then everything else, we would go out and work on bringing some technologies into the business. But the fundamental thing was you had to get people who wanted to buy from you. So the technology was one thing that they wanted to buy. but also it's the why would they why would they even entertain you put you on their books and this is where the resale network which is thousands of businesses so i was sort of touting around a lot of these resellers going no no come and buy from us this is great we're a new distributor and then i was going to the vendors the software manufacturers oh yeah no no we're in you we're agile we're going to do this because i all we could evidence at that point was good customer service all i could evidence was me running around going this is amazing yeah so i was selling it It was Emperor's New Clothes a lot.
22:27Did you have an office or were you working from home?
22:29Hayley Roberts:So we had a serviced office in... We worked at a hot desk. We rented some space and had a desk in Manchester. Hired a techie and then a salesperson. So then moved to Stockport, had a serviced office in Regent's House. Yeah. That was the first proper office. And then it sort of built from there. Then we kept going up in the serviced office in Regent House. So we got bigger and bigger and bigger. and then we went to a building that my shareholder that I'd gone into business with, he owned. So we had that for a little while. Then he exited the business when we got PE and then we moved to a bigger facility in Stockport.
23:08And the practicalities of having three young children and running a business, it's not like it is now. It's not. No. What was it like then?
Read the full transcript
23:16Hayley Roberts:Then it was very, there was no COVID, there was no working from home, right? So you had to be in an office. So it was very, again, it was very, you know, very straightforward. The kids went into childcare and I went to work. And I was always the one that would leave last and come home first. So I'd always do the breakfast. I was always doing the dinner until I was able to afford to get help. But again, because it was my business, I could cut the time short. but my ex-husband was in the office 12 hours a day every day. So there was no flexibility. There was no flexibility then anyway. And so, you know, it was very much on me to do all of that as well, which is a lot of pressure.
23:59Hayley Roberts:Actually, looking back now, it was a hell of a lot of pressure. But at the same time, the kids were starting to be a bit more self-sufficient. They could get themselves dressed. They could go to walk to school. We lived at the road from the school, so that was okay. But even so, there was other things that needed to be done. You gave up a six-figure salary to launch Distology as well. In those early days, were you able to take much money out of the business? No, not really. I mean, what covered the salary that I had from the business was the fact that I brought the vendor along that I'd been working for.
24:27Hayley Roberts:So that kind of paid for me. But, you know, and then it was like, God, I shouldn't be taking this because I would do this rudimentary spreadsheet of incomings, outgoings, and it was always red at the end of it, and I'd colour it red, like, oh, God, I'm losing money, losing money, losing money. But then, and I'd think, God, I need to cut this back. But I couldn't because I had childcare to pay for. There were certain things I had, the bills I had to pay for. I needed to contribute and I couldn't really cut back. So that was where it was. I should have maybe taken a cut, but I couldn't. But then within, I think it was about a year and a half, we started to turn the tide then.
25:062021, you raised investment from North Edge, private equity. What was your experience of raising investment? because by then, of course, you're six years old as a business. Yes, yes.
25:19Hayley Roberts:Yeah, it was brilliant. I'll always say these experiences are brilliant because you learn so much, right? I mean, I get asked a lot, oh, no, it's private equity. It could be this, it could be that. And I was the same. I thought, I'm not having someone telling me what to do. I've never had it. I'm not having someone coming in. You don't like people telling you what to do. No, and thinking they know better than me. And maybe that's because I'm being belligerently rebellious against my upbringing. I don't know. Right. I'm sure there's a psychologist out there that will drill into it and go, ah, here's the reasons why.
25:47Hayley Roberts:But I hated somebody coming in thinking they knew better than me when I crafted this, developed this. And it was very much all about, you know, what I was putting into it. And that was my ignorant viewpoint. The reality is no private equity company coming in to actually run it. Unless, of course, you lose your mind or, you know, you start taking money out of the business you shouldn't do. um and so so I loved the process I had a great advisor um and trusted them as well implicitly and it was great I met some brilliant people along the way and a lot of it even though it is about finance and it is about technology that we're working with it actually is about the people you meet and that's the choices I always make choices based on a massive amount of trust to begin with an actual fact i'm probably too trusting but that's just the way i am and um and and gut feel and it's about people this is the naked founder podcast yeah you know the podcast where nothing is hidden i have asked somebody to appear on a show and the first thing they said was do i have to keep my clothes on i said most definitely most definitely but in terms of in terms of you running a business yeah in terms of you mentioned the fact that you're very trusting of people yeah you go on gut feel yeah when you went through that investment round and you do the beauty parade and mixing with all these investment companies.
27:02How many people did you speak to? And also a lot of people talk about when they found a business that the investment process takes them out of the game for the business and the business suffers. What was your experience?
27:12Hayley Roberts:I didn't actually with me, to be honest. A, because I wouldn't let it. I was pretty hard-nosed about that. And also I think it really quite, in a weird way, I was enjoying selling like this is what we do, right? Talking about the business is like I would do a day in, day out. I love it. and most I would say every entrepreneur would do that every founder would do that talk about how brilliant the business is because you believe in it right so I was just getting a brilliant audience so I would fine-tune that and then I'd go into the office and I'd be so invigorated and energized from it it actually didn't hold me back at all um and the time was nothing it was coffees here and it was COVID so we did all of this online none of it I never met anyone in person yeah how many people did you have virtual coffees with I had virtual coffees I think around 11.
27:57How many
27:57Hayley Roberts:offers did you get? Um, we had, I think two or three. And the purpose of the raising the investment. Yeah. Because that was about the time that you got divorced as well, wasn't it? Yeah. So, so raising the investment, so I was just about, so, so just before I started to look at the investment, I, I, I, I separated for a short period of time. And then as I was doing the investment, it, it was such a huge thing to go through. I couldn't do two things. It was like having almost two divorces because one of my shares my shareholder was going as well that I'd shared some of the journey with so he was going and then I was thinking oh god I'm actually you know I'm separating as well emotionally it was a massive impact and I just did I just couldn't do both and I know I needed to go on this journey with the business and it was critical for the business at that point so I put a hold on and thought you know what probably overthinking this probably everything this I just need to go back I just need to go back and make a go of it to what you know To what I know, make good of it.
28:57Hayley Roberts:It's probably me. Silly old me again. I'll go back to it. And that's what happened. So we went through the process, which was, you know, let's say a good year. So it's, you know, good nine to ten months of hard work. And then you, and I took some money out, as a lot of people do. You take money out of the business to de-risk a bit. And it was nice because you get your asset disposable relief. Part of the time this goes out, you never know, that might be gone. but take it out now, any entrepreneur that's going through. And so did stuff to the house, great distraction, you know, got my car that I'd wanted since I was eight years old.
29:34Hayley Roberts:All those good things mask everything that you're feeling because suddenly you're seeing, because it's stuff and stuff is noisy, it's nice. And that's what happened. So it masked it. And then pretty much after that, I, yeah, I just suddenly realized when that noise died down, I went, oh. You know, though, don't you? Yeah. You know, and it's like people talk about the fact that hire slowly, fire quickly. And I think in terms of, you know, touch wood, fingers crossed, Mrs. M doesn't change your mind. But I think, you know, if something's not working, whether it's a work relationship, a relationship anyway.
30:09Hayley Roberts:I think if you have to wake up in the morning, the first thing you think is, how do I feel about them today? It's not good. It's not good. And it's demotivating. when you're passionate about what you're doing, you know, the kids are on their journey and you're supporting them. You can't be happy because fundamentally that should be a no-brainer. I'm not saying that you take it for granted and don't work at it. I just think it should be a no-brainer. And I just think fundamentally we became very different people through that process. I know. And he's pursued his path. You've pursued your path. Three great children.
30:40You've got a great business. In terms of dystology today, where is dystology today? Where are you on your journey on that journey?
30:47Hayley Roberts:Oh, do you know what? I spent probably 10 years saying, we're only just getting started, but I really mean it this time. I think because we are at this great point in our business where not only are we a really good solid ship. So we were a good ship with Calm Seas. We're an amazing, I want to say it's like a destroyer because we can cope with the choppiest of seas now. We've got a great team, great leadership, great vendor spread, great customer base, really brilliant culture that's constantly improving and developing and we are on that nice trajectory upwards now. There's nothing that I'm fearful of that would really blow a hole in the hole.
31:27Hayley Roberts:So I'm not worried about anything. On that score, I just want to make sure we now capitalise on that. So that's where we're at as a business and I can see where I want to be in the next five years. How far ahead do you look? Oh, I never used to look further than like literally six months to a year. and I'm not very good at future thinking. I go, yeah, yeah, yeah, visionary, amazing. Like, I want to have a picture of that. But putting a timeline on it, absolutely terrible. Now I'm starting to think about that. As I get older and want to do more things that are me, play more paddle, do more you.
31:58Hayley Roberts:Or somebody else who's playing paddle. Yeah, I know. I think I could be amazing to give it time. That's my excuse. But I love it. Are you one of these people who is one of life's eternal optimist? Yes. You start playing paddle, and even if you can't get the ball over the net, you think eventually you'll be the best in the world. Oh, trust me, Chris, I can get the ball over there. Don't you worry about that. I think that's a challenge. It's a challenge. Oh, my God. No, but I want to be, everything I do, I want to be the best. Yeah. But I know I'm not going to be the best. So I'm like, at least I know, rationally, I'll be above average.
32:31Yeah. I think I, I don't set resolutions anymore. Because what's the point? What I do is I set goals in my mind.
32:38Hayley Roberts:Yeah, yeah. And I achieve them. Yeah. You know, and I thought to myself, I go on the exercise bike at the gym for 15 minutes. Let's do an hour. Okay, and the best way for me to do an hour is to bring my iPad in and watch a film so I'm not thinking about exercise because I don't really enjoy it. And I do this hour, I work up a swear, and the following day I get out of bed and it's like a five-stage manoeuvre. Everything hurts. So I have this idea and then I have to pick up the pieces of it. What lessons, last three questions actually, What lessons have you taken from being a founder that you would share with the audience of the Naked Founder podcast?
33:19Hayley Roberts:There's no stereotypical journey. I think there's a lot of decisions to be made along the way that you'll never know until you get to the point to make the decision. So I think that's the lesson. I think remaining optimistic and finding the success in tiny things is critically important to the support of your emotional well-being and positivity moving forward. Celebrate the little wins. Tiny wins. It's a bit like making sure the tiny muscles around your big muscle groups are really well supported and you're stretching and you're doing all the right stuff. Because it's those that will be the ones that will support you when you get older and everything starts to fail.
33:56What was your last big win? Your last small win?
33:58Hayley Roberts:Small win. Getting here, literally bang on nine o 'clock, but then actually failure that I didn't park the road. No, because you came to the wrong side of the building. Okay, but don't worry. We're not going to... But I, that really sort of, really sort of, you know, ticks my box as well. Because I think so many people go on LinkedIn and they say, here's an image of Strava today because I've done 20 miles. But it's so idiosyncratic. So every Friday, I go through this thing I have done since I started the bit. In fact, I have done since I've worked. Every Friday, I get to Friday and often I don't drink in the week, although sometimes I do different things.
34:36Hayley Roberts:But I'll get to the Friday and I go off a glass of wine and I'll go, right, what's happened today? Has everything that I want to achieve been achieved? Is everyone OK? You know, have I done the things I needed to do? Am I set up for next week? Have I got ahead of the curve on a few things? Is the house tidy? Is my bed made? Yeah. You know, have a wash of my hair. Yeah. Those things, right? And I go, boom, boom, boom. And if the majority of that is good and I feel like I've succeeded, that is worthy of that glass of wine slash turns into half a bowl. I always post a picture on Facebook because I'm really interesting of a glass of whiskey and Coke on Friday night.
35:14Even if I do drink in the week, which I don't try to. I might have...
35:17Hayley Roberts:Yeah, I know it's hard to avoid it sometimes. No, so me and Mrs. M sit down with a whiskey and Coke currently in carrots and hummus instead of crisps. Yeah. That's my win. That's good. But I always, I always review my week. Yeah. On a Friday, I always review it and I think to myself, I think if more of it's shaded in than it's not, I've achieved something. Yeah. That's your good news blog as well because I think focusing on the positive, not the negative. Yeah. And most people will, and it's, I don't know the technicality, it's called the RAS. If your brain focuses, if you ever focus on the negatives, it's like a magnet, it'll attract all the negatives.
35:52Hayley Roberts:but if you think about the wins like like if i was late to like i could have said oh got to run car park that's awful you know stuck in traffic that's awful said the wrong thing and swore on the podcast that's awful might be late back to the office that's awful um then everything's going to be awful today well that's bullshit yeah because everything isn't awful in fact the reality is we have awful stuff going on all the time some are massive and some are not massive but don't over focus on them somebody said once you know focus on your or or lick your wounds for 24 hours but by the same token, celebrate for 24 hours, right?
36:25Hayley Roberts:So you're not over-focusing on either, but you're just keeping moving forward. But I would over-focus on the tiny little bits. I have a frustration when you wake up in the morning, right? Okay, you reach out, turn the alarm clock off. You accidentally knock your bottle of water over, okay? And you say, it's going to be one of them days. It's going to be one of them days. It's not going to be one of them days. It's not. You've knocked a bottle of water over. No. But you drive here and you hit three green lights. Yeah. Wow, fantastic. Brilliant. Absolutely. The world's on my side. That's a mindset issue.
36:53That's a mindset issue.
36:54Hayley Roberts:It's totally a mindset issue. Okay. We always end with this question on the Naked Founder podcast. There's a tradition in the US, and maybe it's changing at the moment, because I'm not sure the current incumbent would write a letter to his successor, but where the current president will write a letter to the incoming president with advice. If you could write a letter to the younger Hayley Roberts on your first day of founding a business, but also to anybody else thinking about founding a business, what would you write? Worry is just not productive. Don't worry. Just don't worry. Just make sure that the things that you can control, you action.
37:33Hayley Roberts:And if you can't action them, then you just try and action other things. But worry is just not productive. What's that song? You know, that song, Don't Worry, Be Happy. Be Happy. Well, listen, that's the sort of song I would play right now. On the way out. Okay, fantastic. Listen, thanks very much to our guest today, Hayley Roberts. This has been the Naked Founder Podcast. If you like it, please tell your friends and family and subscribe. Thanks very much. My name, as always, is Chris McGuire.
From the publisher
Hayley Roberts had it all. And then she didn’t.
She founded cybersecurity business Distology in 2015 and has grown it to £63m turnover, 50 staff and offices in the UK, Netherlands and Germany.
Roberts is one of a growing number of female founders who get divorced and has opened up on the price she paid for going it alone.
In this episode of the Naked Founder podcast, she discusses: • Why female founders can’t have it all • Why women and mothers always put themselves last • The shock realisation that having three amazing kids wasn’t enough to fulfil her • The cost of divorce, both financial and on the business • Launching Distology and why the business has never been in a better place • Why she’d tell her younger self not to worry and celebrate the little wins Chapters 00:00 Introduction: Hayley Roberts & Distology 00:28 What They Don't Tell You About Founding a Business 00:57 Childhood Dreams: Wanting to Be an Actress 01:28 Dad's Influence & the Academic Route 01:53 Divorce, Growth & Evolving Apart 03:43 Being a Mum vs. Being a Founder 05:56 Can You Have It All? 08:24 How Divorce Impacted the Business 09:57 Masking Your Emotions as a Leader 11:00 A Hard Father & Never Feeling Good Enough 12:35 Resilience: The Gift of a Tough Upbringing 14:09 Mum: The Stay-at-Home Opposite 14:36 First Jobs: From IBM to Toiletries 16:50 The Road to Founding Distology (2015) 18:29 Telling Dad She Was Starting a Business 20:11 The Founding Years: Easy Bit, Hard Reality 21:10 Building the Business from Scratch 23:04 Juggling Three Kids & Running a Company 24:11 Giving Up a Six-Figure Salary 25:00 Raising Private Equity Investment (NorthEdge, 2021) 27:03 The Investment Process: Did It Hurt the Business? 28:17 Navigating Divorce & a PE Round at the Same Time 30:34 Where Is Distology Today? 31:33 How Far Ahead Does Hayley Plan? 32:46 Setting Goals, Not Resolutions 33:18 Key Lessons for Founders 34:36 The Friday Night Review Ritual 35:47 Mindset: Stop Attracting the Negative 37:14 Letter to Her Younger Self: Don't Worry
