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#ADDAZERO Business Challenge

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This podcast has
54 episodes
Language
English
Publisher
Jay Allen
Explicit
No
Date created
2021/05/15
Latest episode
2023/08/29
Average duration
33 min.
Release period
31 days

Description

Are you a business owner who dreams of buying your forever dream home, regularly taking extensive exotic holidays whilst your business continues to reward you with the level of income you and your family deserve? Then your in the right place! We've made it our MISSION to help and support 1,000,000 Business owners/entrepreneurs to Significantly and Sustainably SCALE them and their business with the ultimate aim to #ADDAZERO to YOUR Personal Disposable Income. Welcome to the #ADDAZERO Business Podcast, YOUR guide to SCALE YOUR business.

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Check latest episodes from #ADDAZERO Business Challenge podcast


050 Scaling Up: The ADDAZERO Scorecard
2023/08/29
Welcome back to another episode of #ADDAZERO, the podcast where we dive deep into the world of scaling up businesses for tremendous success. Today we have a fascinating episode lined up for you as we unpack the Scaleup Scorecard and explore the key factors that can make or break your business. In this episode, we'll be delving into the importance of building a world-class business with significant scale opportunities, and how to identify hidden opportunities and vulnerabilities within your own organization using the ADDAZERO scorecard. We'll also be sharing a personal story that highlights the impact of unexpected closures and the need to understand the reasons behind them. But that's not all! We'll be unveiling an exciting research plan where we analyze data from 150 national businesses that experienced significant growth, only to eventually fail. Discover the secrets to sustainable success and learn from the mistakes of others. Throughout this episode, we'll be exploring the three floors of business success. We'll discuss the importance of a consistent business plan, finding the right balance between people, systems, and processes, and remaining people-centric in decision-making and customer experience. Key Topics Covered Importance of creating a world-class business with significant and sustainable scale opportunities Understanding the potential for growth and expansion Maximizing opportunities for scalability in business operations Introduction of the ADDAZERO scorecard tool Identifying hidden opportunities and vulnerabilities within a business Assessing the overall health and growth potential of a business A personal story about the impact of Woolworths' closure Demonstrating the need to understand the reasons behind business decisions Highlighting the importance of adaptability and resilience in the face of challenges Development of a research plan to analyze data from failed businesses Analyzing the factors that led to the failure of 150 national businesses Identifying common pitfalls and challenges in scaling up businesses The three flaws within business growth Consistent business planning and strategy development Finding the right balance between people, systems, and processes Prioritizing people-centric decision-making and customer experience As we near the end of the episode, we want to take a moment to thank all of our amazing listeners for their continuous support. Your feedback, comments, thoughts, and suggestions are invaluable to us. Don't hesitate to reach out to us via email, as we'd love to hear from you. If you haven't already, be sure to subscribe to the ADDAZERO podcast on your favourite platform so you never miss an episode. And remember, sharing is caring! Share this podcast with your colleagues and business network to help spread the word. Sit back, relax, and get ready for an insightful episode as we dive deep into the Scaleup Scorecard. Let's ADDAZERO to your business success, grab your Scorecard report HERE Brought to you by My TrueNORTH - The UK's leading Ethical Coaching Company. As part of our mission to eradicate unemployment in the UK, by enabling business owners to significantly and sustainably scale up their businesses. That collectively, we can create more new roles, than there are those ACTIVELY seeking employment. Are YOU ready to #ADDAZERO? --- Send in a voice message: https://podcasters.spotify.com/pod/show/mytruenorth/message
049 Small Business Success decoded
2023/08/23
Cracking the Code of the Numbers Game In today's episode, titled "The Game of Business," we delve deep into the world of numbers and how understanding them can make or break your success. It's time to level up your game as we explore the crucial metrics for sustainable small business growth. We'll uncover the power of revenue and profit margins, discover the importance of customer acquisition cost (CAC) and customer lifetime value (CLTV), and learn how to navigate the waters of cash flow, inventory turnover, customer churn, and retention rates. But it doesn't stop there. We'll also dive into the finer details, exploring gross and net profit margins by product and service, as well as understanding return on investment and breakeven points. These key metrics are the foundation for informed decision-making, resource optimization, and strategic planning. If you've ever felt overwhelmed by the numbers behind your business or wondered if you're making the right financial choices, this episode is for you. Don't let a lack of understanding hold you back from achieving your full potential. Key topics covered Introduction to the importance of numbers in the game of business Exploring key metrics for sustainable small business growth Revenue and profit margins Customer acquisition cost (CAC) and customer lifetime value (CLTV) Cash flow Inventory turnover Customer churn and retention rates Gross and net profit margins by product and service Return on investment and breakeven points The consequences of failing to measure and understand critical numbers Misguided decisions Financial instability Stagnation Inefficient resource allocation Lack of focus The benefits of strategic focus on critical metrics Informed decision-making Resource optimization Agile adaptation Financial resilience Strategic planning As this enlightening episode comes to a close, we invite you to share your thoughts, comments, and suggestions with us. Send an email to [email protected] don't forget to subscribe to our podcast on your chosen platform. By subscribing, you'll never miss an episode packed with valuable insights and strategies that will help you add a zero to your business. Remember, sharing is caring. If you find this episode valuable, share it with your colleagues and business network. Together, we can create a community of entrepreneurs who are armed with the knowledge and tools needed to thrive. All as part of our mission to eradicate unemployment in the UK. By supporting business owners to significantly and sustainably scale up their businesses. That collectively, we can create more new roles, than there are those actively seeking employment. Have YOU got what it takes to #ADDAZERO? --- Send in a voice message: https://podcasters.spotify.com/pod/show/mytruenorth/message
#ADDAZERO Insights: Examining Winning Moves to 10x Your Business Growth
2023/08/20
Welcome to a completely 'different' episode of #ADDAZERO! In today's #ADDAZERO Insights episode, we are going to dive deep into the world of brainstorming winning moves for your business. Get ready to unlock those big ideas and opportunities that have been lingering in the back of your mind. We all have our fair share of ideas that we've discussed but haven't acted upon yet. Life gets busy, and sometimes the timing just doesn't feel right. But here's the thing – those ideas could be game-changers for your business, and it's time to give them the attention they deserve. In this episode, we'll explore different strategies and methods to help you turn those ideas into winning moves. We'll be referencing the incredibly powerful book called '#ADDAZERO - Scale to Summit' which provides invaluable insights into achieving scalable growth. Our focus today is on establishing a strong foundation, exploring different models and strategies, and aligning your visions, values, and culture with your long-term goals. We'll discuss the three fundamental elements needed to run a successful business: marketing, sales, and operations. But that's not all – we'll also touch upon the importance of creating a solid team, whether that's through hiring new employees or outsourcing certain tasks. Financial management, especially monitoring cash flow, will be emphasized as a critical aspect of scaling up your business. We'll delve into the art of identifying untapped areas within your business, removing barriers that prevent prospects from becoming customers and uncovering new revenue opportunities through partnerships and cross-promotions. And as always, we'll share insights from the Addazero Community, where business owners can come together, learn from one another, and share their experiences. So, if you're ready to brainstorm those winning moves and take your business to new heights, this episode is for you. Let's #ADDAZERO together! To join our thriving #Entrepreneur community of other like-minded business owners, simply visit: https://www.facebook.com/groups/MTNAddAZero --- Send in a voice message: https://podcasters.spotify.com/pod/show/mytruenorth/message
048 Unleashing Your Potential: 3 Lessons Learned from Tony Robbins to #ADDAZERO
2023/08/15
Welcome back to another exciting episode of #ADDAZERO! In today's episode is all about the valuable lessons I learned from the one and only Tony Robbins. If you're a fan of personal growth and eager to address your limiting beliefs, then you're in for a treat. I'll be sharing three powerful lessons inspired by Tony Robbins and other exceptional presenters that have truly transformed the way I approach life and business. We'll dive deep into the importance of managing our emotions and energy, and how our mindset directly impacts the impact we have on the world. But it doesn't stop there. We'll also discuss the significance of prioritizing self-care in order to be of service to others. It's a common phenomenon for us to feel motivated to make changes after attending a life-changing event or listening to an inspiring podcast, only to lose that drive when life gets busy. We'll explore why this happens and why putting personal development on the back burner can actually hinder our progress for years. During the conference I attended, there was a three-hour ritual to delve into habit change and ensure that the lessons learned became ingrained in our daily routines. The conference was a whirlwind of emotions, highlighted by an ironic final song, suggesting that life would never be the same again. But that's exactly what we're aiming for! We want to show up every day as a different person, with a different mindset and intent. It's about shedding the limiting beliefs that held us back before and embracing a new way of being. It's about giving 100% to ourselves and in turn, being able to give 100% to others without burning out. We'll also explore the transformative impact of the UPW event, the unconventional digital experience that challenged our perception of what a conference could achieve. From interactive elements like an app, kinesthetic items, and a workbook, to the powerful connections and networking opportunities with thousands of like-minded individuals, the conference was a game changer. I'm excited to share my insights on sustainable business growth and unlocking untapped potential. We'll discuss the importance of finding what sets your business apart, shifting from price competition to providing real value, and stepping into your full potential as a business owner. It's time to break free from limiting beliefs and forge ahead toward new heights of success and recognition. So grab your headphones, tune in, and let's dive into these life-altering lessons together. Don't forget to book a virtual coffee with me, as I'm eager to connect and help you unlock your full potential. Get ready to #ADDAZERO and transform your life and business! --- Send in a voice message: https://podcasters.spotify.com/pod/show/mytruenorth/message
047 The Importance of Harmony
2023/08/08
The Journey to Harmonizing Your Life and Achieving Success Welcome back to another episode of #ADDAZERO! In today's episode, we have an incredible duo joining us, Fintech turned Yoggie Sarah Ratner and her father Jewelry mogul Gerald Ratner , as they share their unique insights and experiences on finding balance, overcoming challenges, and discovering purpose in both work and life. Sarah is working to transform the growing & restrictive epidemic of burnout culture. She spent the last 9 years working with a truly exceptional team, growing the FinTech team at Lendable from 5 - 350 people. Where she went from a solo-ops agent to leading an operation of 100, as COO. Sarah now runs ikigai holistic⁠, where she empowers businesses to incorporate mindfulness practices in the workplace, further enhancing well-being and productivity. Gerald gained significant attention and notoriety for his role as the former CEO of Ratners Group, a once-prominent jewellery retail chain in the United Kingdom. Under his leadership, the company became one of the largest jewellery chains in Britain. That was until a speech he delivered at an Institute of Directors conference in 1991, which led to a dramatic downfall in his business empire. Despite the setbacks he faced, Gerald Ratner has demonstrated resilience and a sense of humour about the situation over the years. For me, and many others Gerald's journey is a reminder that even amidst setbacks, entrepreneurs can find ways to rebuild, learn, and evolve. What did they learn from this? It’s all about the people. How we think about things, rather than what we knew. How we moved quickly and didn’t obsess over perfection. And how we treated each other, the laughter and care that created a family, in turn, created a multi-product, multi-continent, multi-unicorn business.The most valuable lesson? How to truly invest in people. To offer meaning, joy and value each day. So work can be fulfilling, transformative, expansive and sustainable. So we can be well. And so Ikigai Flow was born, combining my time as founding team/ COO, and yoga teacher. Gerald and Sarah invite us into their world, shedding light on the importance of harmonizing various aspects of our lives, whether it's family, social connections, faith, or pursuing our passions. In this engaging three-way conversation, we explore the significance of work-life harmony (rather than balance) and the joy that can be found in activities outside of work. Both highlight the importance of physical exercise and mental stimulation, revealing how having a well-rounded life can lead to true happiness. To the wisdom imparted by my great-grandmother, who lived to be 100 and emphasized daily exercise and continuous learning, to the significance of being self-conscious in order to be selfless, our guests provide valuable advice on achieving fulfilment and supporting others along the way. They also delve into their own entrepreneurial journeys, sharing Gerald's experiences in the jewellery business and the secret to his success - By going against conventional wisdom and catering to a younger market's desires for affordable and impulse-buy items, they managed to capture a remarkable 50% of the market. But it hasn't always been smooth sailing for Sarah or Gerald. They both discuss facing obstacles and learning from their mistakes. Join us as we dive deeper into the inspiring stories and invaluable lessons shared by our incredible guests, and discover how finding balance and purpose can lead to extraordinary success in both work and life. So grab a notebook and pen, as we dive into #ADDAZERO: The Ratner Duo! --- Send in a voice message: https://podcasters.spotify.com/pod/show/mytruenorth/message
046 - 11 ways to become a Superboss: Creating a Fun Culture and Enjoyable Work Environment
2023/08/02
On this episode of #ADDAZERO, we delve into the 11 steps to be voted SUPERBOSS. Our discussion begins with the importance of leaders taking the time to personally know each member of their team and ensuring they are prepared for operational commitments. We then explore the significance of leaders showing genuine interest in their employees as individuals and how an inspiring mission statement that goes beyond just making money can rally a workforce. Next, we examine the impact of employees understanding how their role contributes to the mission statement and how companies that do not tolerate fools easily create a strong work environment. We also explore the value of acknowledging and apologizing for mistakes, which is seen as a major factor in making a company a great place to work. Diving deeper, we discuss the importance of financial considerations, such as receiving salaries early after the holiday season, as a way to show employees that their well-being matters. We also explore how creating a fun and enjoyable work culture, like Google's innovative workplace ideas, can enhance employee productivity. Recognizing personal development is another crucial factor discussed, with examples from Google funding employees' activities like windsurfing as rewards for good work. We explore key facts from a survey of over 17,000 employees, ranking the most important factors for a great workplace, including flexible working, recognition, and genuine interest from employers. Lastly, we touch on the annual list of the top 100 companies to work for in the world and the research conducted by DeMontford University to understand the factors that make these companies the best places to work. Join us as we uncover the secrets to becoming a SUPERBOSS in this enlightening episode of #ADDAZERO. Key points 1. The Power of Personal Connection- Taking the time to personally know each member of the regiment- Ensuring everyone is ready for operational commitments 2. Genuine Interest in Employees- Showing genuine interest in employees as individuals, not just workers- Recognizing the importance of knowing employees beyond their job role 3. Inspiring Mission Statement- Having an inspiring mission statement that everyone can support- Moving beyond solely focusing on making money towards bigger goals 4. Understanding Individual Contribution- Helping employees understand how their role contributes to the mission statement- Making sure employees see the impact they have on the bigger picture 5. Not Suffering Fools- Creating an environment that doesn't tolerate slack work- Acknowledging and apologizing for mistakes made by HR or management 6. Quick to Fire and Apologize- Being humble enough to admit when wrong- Taking quick action to rectify hiring mistakes or cultural differences 7. Acknowledging and Apologizing- Recognizing that acknowledging and apologizing for mistakes is vital- Understanding the impact this has on making the company a great place to work 8. Financial Consideration- Considering employee financial well-being beyond salary- Recognizing the importance of receiving January salary early 9. Creating a Fun Culture- Understanding the importance of a fun and enjoyable work environment- Highlighting the success of innovative workplace ideas such as Google's 10. Recognition of Personal Development- Recognizing and supporting employees' personal development activities- Demonstrating care for employees' growth outside of the workplace 11. Importance of Incentives and Benefits- Discussing the importance of bonuses and added benefits- Exploring various examples of incentives and benefits offered Brought to you, as part of our mission to eradicate unemployment in the UK, by supporting Business Leaders to grow sufficiently, so that collectively we create more new roles, than there are those actively seeking employment. Visit www.addazero.co.uk/free-scale-audit to learn more about the hidden opportunities and vulnerabilities i
045 - Enhancing Decision-Making Skills: How Business Coaching Offers Fresh Perspectives
2023/07/25
In this episode of the #ADDAZERO podcast, we address common objections to coaching and share inspiring success stories. Let's dive in! 1. Referrals and Trusted Networks: Discover how referrals from colleagues and trusted friends can boost awareness and confidence in the coaching process, providing invaluable support. 2. Tailored Coaching Approaches: Explore how different types of business coaching and approaches can address specific needs and goals, ensuring you receive personalized strategies to excel. 3. Embracing Change and Growth: Overcome the fear of change and pave the way for personal and professional growth, enabling you to reach your full potential. 4. Establishing Trust: Learn why building a strong foundation of trust with your coach is crucial for effective coaching, creating a safe space for growth and development. 5. Ethical Standards and Confidentiality: Understand how business coaches prioritize client confidentiality and adhere to ethical standards, offering a secure and confidential environment for collaboration. 6. Building Rapport and Trust: Discover why coaches offer sessions to establish rapport and build trust before committing to a coaching relationship, ensuring a strong partnership. 7. Expertise and Fresh Perspectives: Uncover how business coaches bring expertise and fresh perspectives to enhance your overall competency and decision-making skills, amplifying your success. 8. Seeking Support Network: Explore the importance of building a support network when pursuing coaching, and overcoming scepticism or resistance from others. 9. Researching and Communication: Learn how conducting research and communicating past negative experiences can help you select the right coach, ensuring a fruitful coaching relationship. 10. Humility and Growth Mindset: Embrace humility and a growth mindset for continual learning and improvement, propelling you towards long-term success. Remember, #ADDAZERO has received awards and helped clients achieve remarkable growth and success. As passionate advocates for scaling businesses, they invite you to book a call and explore how they can support your journey. Despite common objections to coaching, the podcast addresses each concern head-on. From addressing perceived costs and time commitments to showcasing personalized strategies, testimonials, and free consultations, they strive to eliminate any doubts about the effectiveness of business coaching. In other news, we share the inspiring story of a business that experienced unprecedented growth in the last four months. The owner's overwhelming success has resulted in an unexpected offer to buy the business. We delve into their decision-making process and journey towards early retirement. As always, we appreciate your support and encourage you to share your thoughts, comments, and suggestions with us by sending an email. Don't forget to subscribe to the #ADDAZERO podcast and spread the word among your colleagues and business network. And support our mission to eradicate unemployment in the UK, by supporting Business Owners and Entrepreneurs to scale up their businesses sufficiently, so that collectively we create more new roles than there are those actively seeking employment. Warm regards, The #ADDAZERO Team --- Send in a voice message: https://podcasters.spotify.com/pod/show/mytruenorth/message
044 - Are You Playing Firefighter in Your Business?
2023/07/19
Have you ever found yourself constantly firefighting and addressing immediate problems in your business? How did it impact your overall productivity and growth? How important are systems and processes in ensuring efficiency, reducing costs, and satisfying customers? On this episode of #ADDAZERO, we delve into the role of business owners as primary problem solvers, or as we like to call them, 'firefighters.' Hosted by Jay Allen, this podcast aims to help business owners eradicate unemployment in the UK by promoting business growth. We explore Your role as a primary problem solver or "firefighter" in their own business - Discussion on the common issue of owners and leaders constantly firefighting and not having a strategic plan - Emphasis on the importance of prevention and long-term planning for successful business ownership Negative consequences of not delegating, including burnout, stifled growth, and reduced employee morale - Highlighting the impact of poor systems and processes, leading to inefficiency, increased costs, and customer dissatisfaction - Exploring the effects of ineffective time management on neglecting strategic planning and reduced productivity The need to implement strategies and processes to prevent problems in business - Emphasizing the importance of a proactive approach focused on prevention and long-term planning - Outlining the necessary tools, resources, expertise, and preparation required to navigate challenges The significance of recovery, restoration, and learning after challenges arise - Explanation of how a strategic plan provides clarity, focus, and a proactive approach to long-term success - Introduction of the role of an independent mentor in providing valuable feedback, challenging thinking, and offering guidance and support Highlighting the risks of firefighting without a strategic plan - Discussion on the lack of direction, missed opportunities, and burnout that can arise from firefighting - Importance of strategic planning and mentorship in navigating challenges and achieving sustainable success Acknowledging that different business circumstances may require different planning and mindsets - Encouragement to view the business from a higher perspective and detach oneself to determine impact and plan for the future All brought to you, as part of our mission to eradicate unemployment in the UK, by supporting Business Owners & Entrepreneurs to Scaleup their businesses sufficiently, so that collectively we can create more new roles than there are those actively seeking employment. Care to learn more? Book a call --- Send in a voice message: https://podcasters.spotify.com/pod/show/mytruenorth/message
043 - Scaling a Purposeful Business: The Holistic Approach of 2 Drifters Distillery
2023/07/12
On this episode of #ADDAZERO, we delve into the world of B Corp certification with Russ Wakeham, co-founder of 2 Drifters Distillery. Russ shares his insights on the importance of adopting B Corp certification and how it aligns with the culture of a business. He emphasizes that while certification alone cannot transform a culture overnight, it is worth going through the exercise of conducting the free assessment and utilizing the tools provided by B Corp to develop one's business. Russ discusses the cost and significant work involved in obtaining B Corp certification but also highlights the value of the free tools available on the B Corp website that can help businesses understand different ways of thinking and problem-solving. Many businesses today are striving for transparency and sustainability, and Russ mentions how 2 Drifters Distillery has made conscious choices, such as partnering with carbon-neutral courier service DPD and actively seeking sustainable transport solutions. We learn about Russ's background as an academic chemist researching carbon capture and storage, and how this passion led him to start his own venture in the distillery industry. 2 Drifters Distillery aims to be a carbon-negative distillery and has partnered with Climbworks to remove CO2 from the atmosphere and store it underground. Russ emphasizes the importance of mitigating environmental impact and avoiding greenwashing and shares his experiences and challenges in obtaining B Corp certification. Certification has become one of the best tools for pushing 2 Drifters Distillery forward in sustainability, encouraging continuous improvement and putting purpose before profit. The distillery not only aims to produce great rum but also to educate people about carbon capture technologies and the importance of considering carbon as a waste material. By fully embracing renewable energy and being an example for other businesses, the distillery hopes to have a massive impact on reducing carbon emissions across industries. Russ also shares his research on the failure of big corporate businesses and the lessons that can be learned from it. He highlights the importance of creating a workplace that is enjoyable and fun, which sets 2 Drifters Distillery apart in the market. The episode explores the holistic approach to scaling a business and the need for constant review, revision, and adaptation to keep up with changing circumstances and advancements in technology. The discussion also touches upon the potential misuse of B Corp certification for short-term commercial gain, and Russ encourages consumers to look beyond just the certification and consider a company's history and commitment to B Corp. He shares some of the big wins 2 Drifters Distillery has directly attributed to their B Corp certification, such as partnerships with British Airways and The Pig Hotels. The B Corp journey has not only changed the company's thinking but has also led to the creation of a run club and regular beach clean events, reflecting their commitment to sustainability. This episode concludes with the exciting news of 2 Drifters Distillery launching an event inviting buyers and customers, including The Pig Hotels, to participate in beach clean activities at Smith Beach. It's an engaging episode that explores the importance of B Corp certification and sustainability in the distillery industry, providing insights and inspiration for businesses of all sizes. All as part of our mission to eradicate unemployment in the UK, by supporting Business Leaders & Entrepreneurs to scale up their businesses sufficiently, that collectively we create more new roles, than there are those actively seeking employment. To learn more, about the scaleability of your business, visit: www.addazero.co.uk/free-scale-audit --- Send in a voice message: https://podcasters.spotify.com/pod/show/mytruenorth/message
042 Navigating Uncertainty: Overcoming the 9 Most Common Start-up Hurdles
2023/07/05
On this episode of #ADDAZERO, we tackle the nine most common hurdles that startups face and provide valuable insights and strategies for overcoming them. From adapting to uncertainty to securing funding and building a strong network, I cover it all. Topics covered in this audio session: 1. Adapting to Uncertainty and Setbacks- Risks of making decisions alone or with a small team- Importance of having a ScaleUp mentor for guidance and support 2. Feasibility and Unique Business Ideas- Being exceptional in a niche is not enough- Market research and testing for a viable business idea 3. Capital and Funding Challenges- Difficulty acquiring enough capital- Traditional financing sources and personal savings limitations 4. Testing Before Launching- Importance of testing the business model before launch- Likelihood of relying on personal savings or loans from family and friends for funding 5. Effective Communication and Differentiation- Importance of communicating value proposition- Differentiating oneself from competitors in the digital age 6. Attracting and Maintaining Clients- Challenges in attracting and retaining clients- Managing multiple responsibilities and prioritizing tasks 7. Funding Options and Addazero's Assistance- Self-funding, bootstrapping, crowdfunding, or bank loans- Addazero's connections with funding professionals 8. Building a Strong Network- Importance of building connections and relationships- Building a network of suppliers, industry experts, and potential customers 9. #ADDAZERO Community and Resources- Access to resources and networking opportunities- The AddAZero Vault and its business plan template and webinars 10. Managing Cash Flow and Relationships- Building relationships with supportive people- Importance of tight financial control and ongoing marketing presence 11. Developing a Competitive Advantage- Challenges in standing out in a crowded marketplace Tune in to this episode of #ADDAZERO to gain valuable strategies and insights on overcoming the most common startup hurdles and taking your business to the next level. Timestamps [00:01:15] Understanding niche not enough for business success. [00:04:30] Acquiring capital for a business is difficult. [00:06:19] Starting a business takes time, money, and connections. [00:10:37] Managing money, marketing, and standing out crucial. [00:16:43] Guidance, advice, feedback for confident progress. Safe community supports vulnerability, testing & scaling. [00:18:08] Various funding options available, connections to professionals. [00:21:35] Financially astute actions for business growth. [00:24:42] ScaleUp mentor enables business growth and support. Summary Remember, building a scalable business takes time and effort, but with the right guidance and resources, you can achieve extraordinary growth. We've made it our mission to eradicate unemployment in the UK, by supporting Business Leaders & Entrepreneurs to scale up sufficiently, so that collectively we create more new roles, than there are those actively seeking employment! - Visit www.mytruenorth.biz to learn more Stay tuned for our upcoming episodes focusing on additional strategies and insights for your entrepreneurial journey. --- Send in a voice message: https://podcasters.spotify.com/pod/show/mytruenorth/message
041 If Heineken did healthcare...
2023/06/19
We all know of the famous Heineken adverts, and their cool strapline: Probably the best lager in the world! Well, If Heineken did healthcare, it would probably be the 2nd best healthcare in the world! Because in the first place, has to be a not-for-profit healthcare provider called WPA Healthcare! I've been with WPA for about a decade now, and so it was a delight to physically meet up with one of their areas accounts managers and talk about what makes WPA so different. And why (with an NHS bursting at the seams and with a waiting list 5000 times longer than trying to get front-row tickets to a rock concert these days WHY as a Business Owners this really could be one of the best investments (in terms of keeping you available for work) you could possibly make! Jimmy Creighton is an Account Manager for Mark Manaton, Director of M.N.M. Healthcare Ltd who is an Appointed Representative of the WPA Healthcare Practice PLC. The Healthcare Practice is a wholly owned subsidiary of WPA, authorized and regulated by the Financial Conduct Authority. He advises on WPA’s products and services, which provide access to the sort of healthcare that I want for myself and those around me.The Healthcare Practice holds itself to the highest professional standards. They are full members of the British Franchise Association, adhering to its Code of Ethics. As an Account Manager, Jimmy focuses on the service he so expertly provides to his clients. "I am trained first and foremost to listen and ask questions, so I truly understand the needs of my clients. To give the best advice. Never rush. To always act in my client's best interest." Jimmy explained. WPA offer ground-breaking personal and business health insurance policies that have truly revolutionized healthcare in the UK. From funding cancer drugs not readily available on the NHS, the first benefit of its kind, to being recognized by the World Health Organisation as leading in the development of new policies that reduce costs for clients.For any questions or advice required, please contact him on [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/mytruenorth/message
040 Your network IS your NETworth
2022/09/28
If walking into a room full of strangers feels like your worst fear, you’re not alone. Many people do their best to avoid networking altogether, but this attitude can be very detrimental to your success. Networking is crucial to both you and your business, but it doesn’t have to be as intimidating as you think. Love it or hate it—it works - It’s about initiating, building, and maintaining relationships. Your network is the group of people you know who like you, trust you, hire you, and send their friends and family to you. Networking is about connection and caring. Networking is about compassion and commitment. It's about knowing, understanding, communicating, and demonstrating that what you do and say is coming from a place of support, encouragement and being of service.  Networking is not: selling connecting on Facebook or LinkedIn attending for a 'free lunch' trying to meet every single person at the event you didn’t want to attend talking about yourself throwing business cards at people as you make eye contact with the next person at which you intend to throw a card e-mailing the same article to 200 people on “your list,” or having lunch and never calling again. Networking is about creating relationships with people who are a good fit for you and for whom you can be a good fit. It's about building those relationships over time so trust grows. Learning what it is that other people need to fulfil their dreams and revealing what you need as well. Ultimately, it's about helping one another make those dreams come true. Today, I got to catch up and hang out with the former youngest FTSE 250 Managing Director, turned Entrepreneur to discuss What, How and WHY to network effectively.  Jamie Stewart had an impressive career in 'corporate' rising the being Managing Director of a FTSE 250 at the age of 33.  However, these days you'll find him enjoying time with his family, walking the dogs, having lunch/dinner out and generally enjoying all life has to offer! No, he's not yet retired, he's the founder of Circle Networks. Jamie identified what everyone else complained about when attending other network events, and set about to create something completely new, different and HIGHLY effective. In his own words "Circle Networks more than fills the gap in virtual networking, driving quality conversations, and helping you to make great connections that lead to new business opportunities." You can hear Jamies' interview of me on the Networking LAB podcast here (And, if you chose to join, remember to state that you were referred by Jay Allen) --- Send in a voice message: https://podcasters.spotify.com/pod/show/mytruenorth/message

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