Get connected – Be part of a success community

23/09/2015

In whatever arena you want to succeed you must identify and ultimately become part of the community where individuals with common interests share and connect with each other. In these communities you will meet like-minded people whose experiences, thoughts and attitudes could be of massive contribution to your own success. The entrepreneurial world has seen a dramatic increase in the number of business networking groups in recent year’s, these have acted as a source of personal and business development for ambitious people who want to progress their enterprise. These groups encourage networking and interaction – not only do they stimulate business activity, they also act as a portal of real life experiences, these can help in times when:

  • Difficult decisions have to be made
  • You really don’t know how to address a particular challenge
  • You are unsure as to which direction to take
  • You are exploring growth options
  • You have hit a ceiling in our growth staircase
  • You need to break out of our comfort zones

Being part of a community can teach us that ‘everything is possible’, they help to extend our comfort zones and believe that life holds far more than the status quo. The Quaker slogan ‘live adventurously’ is one we should all embrace.

How involved are you with the community relevant to your situation? How visible are you in it? Do you participate? Personal success for you will improve significantly when you get involved with your community of interest; it will give you the opportunity to:

  • Mix with individuals who have similar aspirations
  • Build personal relationships that can be vital to you in times of need
  • Share your wisdom with them
  • Exchange contacts that offer mutual benefit

Don’t be a passive observer in your community network, be an active part and ‘giver’ – this will come back to repay you many times over. Be vocal, let your thoughts be known and immerse yourself in what is going on. In today’s rapidly expanding wireless environment these communities can be virtual as well as physical. The exponential rise in online communities created through Facebook, YouTube and Twitter provide alternative routes to getting involved – don’t ignore the opportunities these tools give you to accessing the “Connectors”. These are the people who open doors in the quest for success; they will emerge from your community.

It is vital that you get hooked in as being an active contributor, and you will over time build a GCC – “Golden Circle of Connectors” – people whose opinions and inputs you both trust and respect, most of all they help you to make things happen.

Get connected and start to build links with those communities that will help you to move forward!

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Being part of a likeminded community helps you learn and move faster

10/04/2014

In whatever arena you want to succeed you must identify and ultimately become part of the community where individuals with common interests share and connect with each other. In these communities you will meet like-minded people whose experiences, thoughts and attitudes could be of massive contribution to your own success. The entrepreneurial world has seen a dramatic increase in the number of business networking groups in recent year’s, these have acted as a source of personal and business development for ambitious people who want to progress their enterprise. These groups encourage networking and interaction – not only do they stimulate business activity, they also act as a portal of real life experiences, these can help in times when:

  • Difficult decisions have to be made
  • We really don’t know how to address a particular challenge
  • We are unsure as to which direction to take

Looking from a broader perspective, regions of social and economic deprivation have seen a rise in the number of community groups – their primary cause being to stimulate activity where residents can come together to focus their attention on self-improvement and making a success out of their life. Such projects encourage individuals to channel their passion into sporting, music and other activities – encourage solidarity and bar raising personal performances! It teaches individuals to extend their comfort zones and believe that life holds far more than the status quo.

You must ask yourself – how connected are you to your community? How visible are you in it? Do you participate? From the successful people I have had the privilege of meeting their achievements have been enhanced as a result of them being immersed in their community – participating gives us the opportunity to:

  • Mix with individuals who have similar aspirations
  • Build personal relationships that can be vital to you in times of need
  • Share your wisdom with them
  • Exchange contacts that offer mutual benefit

Don’t be a passive observer in your community network, be an active part and giver – this will come back to repay you many times over – be vocal, let your thoughts be known and immerse yourself in what is going on. In today’s rapidly expanding wireless environment these communities can be virtual as well as physical. The exponential rise in online communities created through Facebook, You Tube and Twitter provide alternative routes to getting involved – don’t ignore the opportunities these tools give you to accessing the “Connectors”. These are the people who open doors in the quest for success, they will emerge from your community.

It is vital that you get hooked in as being an active contributor will over time build a GCC –  “Golden Circle of Connectors” – people whose opinions and inputs you both trust and respect, most of all they help you to make things happen.

Get connected and start to build links with those communities that will help you to move forward!


Small business owners ‘ready to give up’ (what?)

24/01/2012

This was the headline finding of a report compiled by Aviva and covered in today’s Daily Mail. It went on to read “a quarter of small business owners say the economic outlook is so bleak they would rather return to being an employee”. Given the job I do I am more than aware of the pressures and challenges entrepreneurs face, but why is the media constantly pushing out such bad news.

Negativity of this nature can condition ambitious people to hang up their boots up, we must balance all of this with celebrating the successes of many entrepreneurs who have decided not to participate in recession.

Headlines like this do nothing for the spirit or culture of enterprise. A brighter way of looking at the future is looking at the great successes of the past:

General Electric – formed by Edison when US economy faced collapse.

IBM – set up in the middle of a US economy slump

General Motors – went buying spree when the Federal Reserve was approaching melt down

Disney – took off smack bang in the middle of the Great Depression

Microsoft – founded in the middle of a phase of stagflation

CNN – started in a “double dip” recession

Apple– thrived just after the dot-com bubble burst!

These are the messages we should be putting out into the market. One of the key ingredients for business success is the mental toughness of the entrepreneurial team – please can we stop with the doom and gloom – we all know things are tough, stop pushing it in our face. To quote Jim Collins (again) great leaders face the brutal facts but they maintain absolute faith and belief in what they set out to achieve.

Well I am sure Aviva did the research with all best intentions, but this is  my advice to those thinking of packing in:

1. Remember the very reason why you set up on your own

2. Get involved with a network/group and speak to other business owners, ask them for their advice

3. Find a mentor – someone to lean on

4. STOP – take a day off and try to rise above your business situation

5. Surround yourself with positive people

6. Stop listening to enterprising assassins

7. Be aware of negative thinking and reframe with positive thoughts

Challenges are all part of the business growth journey, many of us would be lost without the pain. More success and good news stories PLEASE.


High Growth Foundation Wow Event – Insights from Google

02/12/2011

What an absolutely fantastic High Growth Foundation event the other night at the Imperial War Museum. Led by Michael Taylor with his usual charm, wit and insight, we had a great line up of speakers who had fantastic and inspirational stories to tell. Steve Oliver and his Music Magpie venture is a real one to watch in the Region, and success could not be more deserved, a really nice bloke. Steve speaks from the heart and his views on creating a loyal workforce with a culture of graft were well received. Deepak Jayaraman from Goldman Sachs articulated the benefits of mentoring and how the 10,000 small business programme can help in this regard.

Alexis Giles delivered a fantastic key-note and shared with over 200 delegates Google’s rules for building an innovative culture and gosh were they powerful, here they are:

  1. Ideas come from everywhere – everyone has a place at the table
  2. Share everything you can – create a culture of sharing new thoughts, no idea is a bad idea
  3. Hire smart people – they create a challenging culture
  4. Chase your dreams – create 20% thinking time
  5. Innovation is not instant perfection – have a go and refine
  6. Data is apolitical – provide the fact to evidence potential
  7. Creativity loves constraint – draws out new ideas quick
  8. Users not money – money follows the eyes
  9. Don’t kill projects, morph them – iterate till you get it right

Alexis was a real star performer and delivered some real value to businesses with a passion to grow. One of the nuggets I took away was the importance of embedding processes and systems as a company grows. Google are a shining example of how an innovative culture fused with discipline delivers excellence. The lack of processes and systems is what so often stunts growth, innovation on its own is not enough.

Alexis and the Google story was an inspiration for ambitious people – so chuffed she will be hosting our  study tour at Google’s Mountain View complex in March 2012 – what an experience that will be. Its not all doom and gloom.


Building a high growth business – The Essentials

15/11/2011

I was really honored to be asked to present the fast growing business award at last weeks North of England Excellence Dinner. The winner was 3P Logistics and at the end of the ceremonies I made a beeline for the winner, Ian Walker, I wanted to get his view on what it takes to build a high growth company. It was clear the moment Ian started talking he had a passion for his business that was off the scale – it created an instant engagement which meant you had to listen to what he had to say. The guts of his story provided a truly fascinating insight into the motivators for setting up and growing a business. As well as passion, courage and bravery feature high on the list of special qualities – leaving a highly paid job when you have dependants can be an extremely scary moment in life, this is what sorts out the true entrepreneurs from the dreamers. This takes an enourmous amount of guts – fear is what holds so many individuals back from taking the leap.

A few years down the line new dilemmas and challenges are presented to entrepreneurs like Ian.  They become most profound at the point when the company is providing a comfortable life style – the internal conversations usually goes something like this, do I take more risk and go for it again and build an even bigger business? However, so few are willing to subject themselves to the burdens and stresses that got them to the well deserved position of a regular salary and the associated benefits that come with being your own boss.

Well my advice for those who decide to continue going for growth is, find a mentor first, someone you trust, then together work out how you are going to do it – the following are what I refer to as “The Essentials” –

  • Become future focused and prepare a strategy and game plan which sets the course for the next three years
  • Understand the best ways of financing growth, one that balances personal risk, commercial gain and control (or loss of control)
  • Effective leadership is core to success. Building a team/organisational structure you can rely on to support the business transition is vital
  • Embed disciplined management systems to provide an effective barometer of commercial performance – the bigger you get the tighter the controls need to be
  • Ensure you have created a customer focused culture, one that delivers innovative product and service propositions carrying higher margins
  • Ensure you have a differentiated business model  – one that creates real competitive advantage to support domestic and possibly international growth
  • Condition your mindset to win and success.
  • Ensure you have the support of your partner and immediate family

Having trusted advisers and being part of a network of likeminded people becomes an important part of the journey it also helps to maintain your sanity.

 


High growth entrepreneurs need a mentor

08/11/2011

A mentor is one of the most important tools in the entrepreneurs kit bag. Growth companies constantly reach forks in the road – so, which way?  As your business gets bigger then hopefully the team you have created will help you to make the decision on which road to take.  However there are often BIG decisions that are outside the scope of the knowledge of the guys sat around the table.  Having a mentor – someone whos experience and judgement you trust can be a serious crutch on these occasions.  Asking those very simple questions like, what would you do?  How would you approach it?  Who should I go and speak to?  Who are the best advisers? – to someone who has experienced the scars of the pain you are feeling is all too often the answer.  Every successful entrepreneur we have worked with (and that’s thousands) lean on someone they respect, all too often that advice comes over a beer or coffee.  It’s not formal, it’s not shrouded in business plans and three-year P & L calculations – its good solid common sense.

The reality is that there are so many individuals out there who have succeeded in business and are more than happy to provide a helping hand – the fact is they have not been asked.  The wisdom, experience and insight to help us make better decisions often comes free, from willing souls who just want to help others overcome the hurdles and challenges they face. The High Growth Foundation we have set up is living proof that members who are much further on in their journey are only too willing to give someone their time, experience and thoughts, without any strings attached!

So the conclusion is, if you are trying to grow your business find someone who has been down your path – invite them for a brew and use the magic words – please can I ask your advice.  It could be the best couple of quid you have ever spent.

Most of the battles in business you have to win are in your mind first. Your mentor can help you work out your game plan and indeed make better informed decisions.


10,000 Small Businesses – Last Night

21/09/2011

I was delighted to part of last nights Goldman Sachs 10,000 Small Businesses celebration and first cohort graduation event. The results and growth achieved from the participating companies was very impressive to say the least. As usual I was observing what happens when a room full of ambitious entrepreneurs get together to network and share ideas and experiences – this is were real business advice takes place, in communities of like-minded individuals. The stimulus and input from other successful, been there done it, businessmen and women should not be underestimated either.

When ambitious people get together to share the pain and stories, remarkable things happen:

– The feeling of loneliness is less profound

– You get new ideas and different perspectives to take your business forward

– You get to hear about trusted advisers and networks relevant to your business

– You become introduced to new potential customers and collaborators

– Answers to challenges present themselves

– Your mind gets refreshed

– When you see others doing well you end up running faster!

These environments help to raise the bar of personal performance, training with the best is a very effective way to improve.

Congratulations to MMU on their facilitation of the activity and I am really chuffed to being part of this activity going forward. A great example of how public and private sector collaboration is the answer to growing new business talent.