Growth wish entrepreneurs should train with the best

08/09/2015

If you want to excel in your professional life and get the most out of your business, work with those people who will take you to new limits. Training with these individuals will extend your comfort zone, teach you new skills and more importantly, allow you to gain insight into how they think. Many businesses fail to grow because their founders get stuck in a rut of the same old, day after day. Only when they immerse themselves with a group of high performers do they appreciate what is possible. High performers think in a different way, they have a mind-set that is conducive to grasping opportunities and ruthless execution to make things happen.

Defining who you believe to be the best in your field of work provides a benchmark for raising your own performance. Do away with any feeing of personal pride or sense of undermining your own capability and explore how you can spend time with those you identify as best in class.

High performing organisations consciously create conditions that get the best to push each other to new levels of performance. If you want to achieve greater success then align yourself to those who consistently out perform the rest. Be open in your approach to these people and ask them – Please can you help? Or please can I ask your advice? By asking in this way you are delivering a compliment and acknowledging their expertise and achievement mind-set. More often than not people will help. Your aim should be to:

  • Shadow them on meetings and in their day to day activities
  • Ask for some time to share their thoughts on why they constantly outperform
  • Seek insight on how they think and what drives them
  • Enquire what motivates them and what they read
  • Try to find win-win ways of working
  • Work out how your expertise can be of value to a high performer
  • Seek out strategic partnerships

By training with the best you set intentions and expectations that lift your mind-set to new levels of attainment. Individuals you train with are different to mentors – they are the sparring partners that you work with to develop and grow your skills on a real time basis – they are pivotal to moving your business to a higher level. If the person you want to work with views you as a potential threat, the relationship will not work. Be honourable about your intentions and by no means use it to gain insights that would be of disservice to them – be clear, be up front – if a conflict of interest presents itself then walk away.

John Leach, CEO Winning Pitch

For more leadership and entrepreneurial advice, visit: winning-pitch.co.uk/for-business-leaders/


Reinvention – a crucial mindset for getting out of a rut

10/08/2015

You must accept that you have far greater control over your life than you realise – who you are, what you want and what think. Your mental outlook on life, the dreams for your business, as well as your character, and personality remain under your own leadership and guidance.

When things don’t go to plan or you feel that you are stalling in your business, career or personal life, then its time for doing some different. Successful people recognise the need for constant change. When the results don’t come through a period of reinvention is invariably needed because what you are doing is not working. We can’t excel if we are not aligned to what we want out of life. If you are fed up with your career, your business is not growing or not getting the new job or promotion after constantly trying then you must change. Successful people that go the extra mile understand the need to adapt.

The process of reinvention means that you need to critically appraise the status quo – look at your business, life or career from different angles.

Where is the stale you? Why are things not working or going to plan? Are you feeling fulfilled and happy with what you have and what you are achieving? Ask others for feedback on you and your performance. Open up your surroundings. Has the passion gone for what you do?

Where do you want the new you to be? – Get back to reviewing your goals, are they clear and precise or are they lacking definition and clarity. Everything flows from ‘intention’ it’s what all visions are built upon. Without intent you will just bounce about feeling frustrated and fed up with your lot.

List the key transition points? Define what specific things need to change. Draw up an action list. Detail the new partnerships and relationships that are needed to move things. Draw up the new tactics and work out the vital things that will deliver a different result.

Have you tried experiments? – try to experiment with different ideas and projects, kick the ones into touch that don’t feel right. Experimenting is a very powerful personal development tool. No great discovery was ever made without work in the laboratory – trial and error.

Act out the changes – make a conscious effort to implement the changes that you need to make the transition to what you want to become. Without action nothing will happen.

Albert Einstein’s famous quote on insanity is one we should keep close to our heart when looking to reinvent and do something different –

“insanity is doing the same thing over and over again and expecting different results.”


Ultimate competitive advantage – Self Improvement for entrepreneurs

23/06/2015

Personal development is the ultimate source of competitive advantage. When you stop learning you run the risk of your business becoming stagnant. Growing a business is one continuous learning journey and every new experience presents itself as an opportunity to acquire more knowledge. Entrepreneurial high achievers I have worked with are lifetime learners combining both formal and informal means of absorbing new information. What is your strategy for learning? Do you have a personal development plan? Are you open to the advice and guidance of the wisdom of others?

The growth of a business takes many twists and turns and growth comes in chapters, each one presenting its own challenges – you need to be prepared. 

Openly speak to mentors, your peer group and trusted colleagues and ask them how they think you can improve. What could you do better? Rate yourself out of 10 in each of these areas:

  1. I have clear business and personal goals, they are pursued with a passion

  2. I am resilient and deal effectively with setbacks when they arise

  3. I take ownership for the decisions I make but I listen carefully to the views of people I trust

  4. I am motivated and just get on with it – success is down to me

  5. I am a strong and effective leader (myself and others)

  6. I work well with others and take a collaborative approach to business

  7.  I am innovative and take a creative approach to business

  8. I am a respected individual within my market

  9. I am an effective connector and communicator

  10. I always aim to excel at what I do

By answering these questions honestly you start to build a picture of where your self-development needs to focus. Drill down into the specifics of each of your answer and define very clearly what things you are going to change. Identify the resources that you will need to move you on. Explore courses, new reading material, self-study or one to one coaching to address the shortfalls. Everyone has a preferred learning style, find one that suits you. However there is lots of wisdom in the Confucius philosophy of:

  • I hear and I forget
  • I see and I remember
  • I do and I understand

The minute you think you know it all – complacency sets in and you could quite well be entering into dangerous territory.

You will not advance or achieve your business goals if you don’t commit to constantly learning.


Business growth needs great leadership

09/04/2015

Growth is what everyone is talking about at the moment. Whether its public sector policy makers or entrepreneurs, we all need growth. Easy to say but do we truly understand the implications of going for for it! Growth requires a vision; a sense of purpose, a plan, resilience, mental toughness, teamwork and a whole lot more. Whether you are trying to grow a business or turn around a failing school someone has to build a picture of what the future success looks like then execute a plan that gets everyone on board for the journey.

My own particular passion is around driving the entrepreneurial growth of UK plc. More specifically, encouraging individuals who have got what it takes to pursue their ambition of being their own boss. This extends to supporting existing entrepreneurs to think bigger and truly maximize the potential of their business. As Adam Smith the Scottish philosopher and economist quoted in his book The Wealth of Nations back in 1776 –

“we are a nation of shop keepers”.

Well not much has changed, the economy relies so heavily on the very small business, it amazes me that well over 90% of companies in the UK employ less than 50 people, very few ever get past employing more than 25 people – so why is this? The reasons are wide ranging but all too often the stresses and strains that come with growth are just one step too far for most people. Taking financial risks and the associated personal, professional and commercial challenges, which the journey inevitably brings, results in the pursuit of a more pedestrian voyage.

There is much debate at the moment about a special group of businesses commonly referred to as gazelles. These are fast moving businesses that exhibit sustained levels of growth over a three-year period – they achieve growth rates above 20% per annum and their contribution to the economy is phenomenal. Independent research conducted by Nesta shows that 6% of ambitious innovative businesses over the coming years will deliver 50% of new jobs. So the answer is, we need more of them. Game changing leadership lies at the heart of driving more gazelles and therefore improved growth, individuals who can create a culture that enthuses and motivates others to perform and deliver.

There are many schools of thought on what great leadership look like, however my own insights, (derived from the great fortune of being immersed in a world of successful entrepreneurs) would lead me to conclude that there are ten essential ingredients, most notably, leaders who drive growth:

  1. Have an ability to embrace and drive change to the benefit of all stakeholders
  2. Personally very driven with aligned personal and professional intentions
  3. Are future focused and have clarity of what needs to be achieved
  4. Operate by the philosophy of success is down to 20% thinking and 80% doing – progression involves iteration and this builds momentum
  5. Communicate their purpose and values with passion both internally and externally
  6. Build a team ethos with roles and responsibilities of all clearly mapped out and monitored
  7. Ruthlessly guard their reputation and have a moral compass which ensures all decisions are made with best intentions
  8. Performance management and key performance indicators (KPI’s) are embedded throughout their organisation – they know if they are on track
  9. Have a mindset aligned to success, this is supported by an innovative positive mental attitude that delivers the edge
  10. Leaders are readers, they commit to personal development and usually have a mentor who helps locate personal blind spots…very self aware, knowing very clearly their strengths and weaknesses!

Leadership and growth are inextricably linked; lets hope the business stars of tomorrow will emerge over the coming months. A new generation of go getting individuals who will drive innovation, wealth creation, exports and jobs. They are the hero’s of the economy.


10 Ways to prepare your mind for high performance

18/12/2014

“So how do leaders shift from lower states of mind to higher states of mind and improve their effectiveness and performance?” This was a question posed on Harvard Business Review forum I contribute to; here were my thoughts and contributions to the debate

Its simple. It all starts with what you think about. We must listen very carefully to the internal conversations we have with ourselves. The key to moving from ‘downbeat’ to ‘upbeat’ is:

1. Be aware of the internal negative conversation – address it

2. Create space to think ‘fresh positive thoughts’

3. Speak to positive people who lift your spirits

4. Tune in to the things that lift your soul – sport, music, hobbies, personal passions

5. Write down your thoughts and combat negativity with a ‘+ve to do list’

6. Keep away from negative people at all costs

7. Connect with nature – walk the dog, go for a run

8. Remember most of the things we worry about don’t actually happen

9. Think in the present and get on with it, keep experimenting!

10. Die a happy death. Morbid thought, but a powerful motivator to take action now!

The way you think governs the way you behave and act. Beware of what you are thinking about.

The ability to master the mind is what differentiates ‘winners’ from ‘runners up’. The real entrepreneurial stars are the ones who manage to consistently switch into their higher state when needed – I would describe this state as being one were individuals view both opportunity and challenge within a positive and courageous mental framework.


Growth Businesses – locate the interference

27/12/2012

I have read some great books over the past few days – high performance entrepreneurship being the main theme. Why ? Because this is what me and our business is in service of – Building high performing individuals and organisations, Helping SMEs grow lies at the soul of what we are about –  Living and breathing it, researching it and coaching it provides a great platform to have sensible and grown up conversations with ambitious individuals embarked on a mission to do remarkable things. The ability to empathise is so important!

Our belief is you can only teach high performance and growth if you have done it or are doing it – this provides us with confidence when in front of the people we serve. First hand experience of our own growth journey roller coaster and that of others translates into an authentic sense of understanding just how lonely the voyage can be. The wisdom of getting it wrong and observing how other got it wrong helps to provide a strong steer for the next time.

This leads me onto the point I want to make. Rasmus Ankersen’s new book – The Gold Mine Effect, has some really good insight on high performance – his thoughts and thinking resonate loud and clear. One of his theories albeit derived from other works relates to the notion of interference and how this stops many individuals and businesses delivering high performance on a consistent basis. He uses an equation which I have adapted because it makes more sense to me personally helps to demonstrate the point:

High Performance = True Potential – Interference (HP = TP – I)

When we experience no interference we deliver a high performing result equating to our true potential. However, sustaining this is extremely difficult as more often than not interference kicks in. With high growth companies my experience is this interference could be one or a collection of issues :

1. Ineffective leadership

2. Misaligned shareholder priorities (I am seeing more of this, why?)

3. Missing bits of a high performing team jigsaw (fire fighting people issues)

4. Ineffective sales and customer connectivity

5. Lack of vision and strategy

6. Poor performance management and financial control/forecasting

7. Lack of focus and effective execution of plans (too much talking not enough doing, just get on with it!)

8. Poor time management (closely related to 7)

9. Failure to display a strong point of differentiation

10. lack of passion in the business

The list goes on. Maybe one thing you should consider between now and the start of 2013 is “What is the interference holding you and your business back?” Ambitious people get mad with themselves when they fail to deliver a high performing result. When you think you have done everything possible and the outcome falls short of the desired intention, don’t kid yourself that it was out of your control – interference truly played its part. Very often you can control more of the performance variables than you think you can.  Make time to think about the interference potentially holding you back – self-awareness is a vital ingredient to the “high performance and growth recipe”.

Appointing a non executive director, strategic adviser or coach could help you to predict and ultimately eliminate the interference going forward.


Big Goals – Small Nudges Will Get You There

16/08/2012

Many individuals have big goals but only few put in the energy and effort to attain them. Why is this? Actions speak louder than words and to be grounded for a second, big goals can sometimes feel like an awesome undertaking. That’s when the goal just remains a dream.

Breaking the £1m revenue target, implementing a new quality system, opening up that new export market or whatever it means to you needs careful planning and iteration.

Patience, routine, trial and error and action are important contributors to passing across the finishing line – you just can’t leap to the end point, that’s why so many just give up.

So what tools can we use to assist us get what we want? I was inspired by the story of what made GB Cycling world class and the envy of other nations . Their coach referred to the “aggregation of marginal gains” as being central to their success. In other words small improvements that all add up to a magnificent performance.

My interpretation of this is:

1. Be clear about what it is you are looking to achieve and and nail a measure and timescale to it

2. Put in place the plan of the milestones and improvements that need to be reached and by when

3. Train like crazy and put in the activity needed to get there – KpI’s (that awful term –  but paramount to monitoring where you are – be clear on what they are as well)

The GB Cycling philosophy of marginal gains can be of massive use to us in business. The key lesson is that small nudges in the right direction delivers a winning result. Get on your bike and pedal  – if you fall off, get back on and pedal faster!