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!


Scale up companies – The cost of growth

03/12/2014

The scaling of companies is a topic I have been interested in for some years. More specifically why don’t more entrepreneurs go for more ambitious growth? A scale up company is defined as one that grows its employee or turnover at a rate of 20 per cent per annum over a three-year period. Taking entrepreneurs to Silicon Valley the home of scale ups, motivating founders to raise the bar through coaching and creating communities of like-minded business people have all featured in my quest to create more of them. My experience tells me that those who decide to have a go recognise there are two principle costs to growth. These costs are presented in two forms. Firstly, the emotional cost to the individuals involved, this usually manifests in self imposed pressure and the uncertainty that demands resilience and mental toughness to keep going when the inevitable road blocks are presented.

Growth Staircase

The second cost is money hemorrhaging from the till – this is the investment. Pivotal to building infrastructure and embedding the platforms companies of scale require. Within a scale up business costs can rack up very quickly – recruiting new talent, cost of raising finance, professional fees, new premises, IT infrastructure and administrative costs can shoot through the roof. Costs must be controlled and the execution of a growth plan needs to be effectively choreographed – clear roles need to be defined, people need to be accountable for delivering on their tasks. Very rarely can growth be achieved without impacting on profitability, sounds like a statement of the obvious, however as Sherlock Holmes said – There is nothing more deceptive than an obvious fact.’

Coming to terms with the two principle costs of growth is the very reason why the majority of the 500,000 of last year’s new start up’s will never go on to employ one person never mind 10. It’s also why over 99% of UK firms employ less than 50 people. Busting through the natural ceilings of growth requires entrepreneurs to pass the alignment test – once head, heart and wallet are in sync then growth can at least have the chance to happen. Without it, business as usual prevails. So often it’s the financial cost of growth that holds individuals back – once you can get over it in your mind and accept the facts, only then can you move on. This is a hiatus that many entrepreneurs reach – very few get through it.

The UK needs more companies of scale; it’s these businesses that bring about the added value to the economy – innovation, graduate jobs, links to HE and hopefully international trade. Lets give ambitious individuals the trusted advice they deserve. It’s only with a good team around you that you can move forward in an aligned fashion.