Growing your business

July 11th, 2009

I was recently asked by the TechTrack or FastTrack what was the most challenging thing that faced our business over the past decade.

It is a difficult answer and to define one event as anyone in business will know it is a fast paced journey of peaks and troughs and no 2 days are alike. The most difficult challenge I face and continue to face is the pace I am required to develop.

10 years ago the skill set I had to set up a small business was very different to the one I now have running a multimillion pound organisation. That in itself presents challenges year after year.

I know if I’d walked into a business the size of UKFast 10 years ago, I could not have managed it. Yet I dont feel I have changed that much. However it is very easy to under estimate the experience you gain from being on hand day to day.

If I take a snap shot of me a decade ago and me now, along with the aging process on the outside, the inside is very different too. Eight years ago I was interviewed on Granada News by Lucy Meacock. Last night at the National Business Awards in the Hilton Hotel in Manchester Lucy Meacock was the presenter. We had a chat afterwards and she remembered Gail and I, however she could not believe how much we had changed over the years. It made me think, she is right, I just assume I am the same person. I often describe myself as a man with “no qualifications” and this may be true, however I now have experience, and that is priceless.

Jim Collins describes “great businesses” in Good To Great as having leaders who grow from  within. It makes perfect sense now. Experience out ranks qualifications.

So why then do some businesses grow faster than others? Is it safe to say people are gaining experience at different speeds. I think the answer is obvious. This then explains why businesses evolve at  different speeds. It is relative to the amount of learning and experience the entrepreneurs with in the business encounter.

One of the responsibilities Gail and I have at UKFast is to continue to learn and every year we regroup. We go off to the Maldives for a 3 week holiday. 2 weeks of family fun and 1 week of intense preparation for the year ahead. We write huge lists which fill books and we review the lists from previous years. And we tick off our accomplishments and those we miss we carry forward. Imagine a graph that is steadily rising. This upward curve represents everything we do in our lives. It is easy to peak and trough in life, so we then draw a horizontal line at the highest point we are at at present. This line now becomes the platform for continued growth. Anything below this line is considered an area of dissatisfaction, there is only one way to grow.

So if that means, if I had done 6 hours a week of exercise in 2008 and if we consider being in good shape important to maintaining our growth, I would set a goal to increase that to 7 or 8 hours.

We apply this principal to everything we do.

To be truly successful you have to be disciplined. On that journey to achieve whatever you set out in the early days, you will be tempted to ease off, take your eye off the ball, but I have never met a successful person who was not incredibly disciplined.

Take Lucy Meacock for example. She was employed to present the awards at the ceremony last night. Her schedule of responsibilities from her employers that night would involve arriving early for a rehearsal, and being ready to perform between the hours of 8 and 10 o’clock. During those hours she is on show. She will be required to perform her duties at the highest level. For that she will have received her fee and her rider.

Yet she is the consummate professional. Once the show had finished she took the trouble for the next 2 hours to walk around the entire room greeting and thanking everyone for coming. This is a discipline which not only made her successful but keeps her at this elevated level.

I will give you an example of a fallen star. Do you remember Victoria Wood? The comedian. In a previous life before hosting dedicated servers I had a small business that Granada aquired from me called MDC (The Music Design Company). I organised events. I was lucky enough to win the contract for a charity fund raiser, Christies for Cancer. I chose the venue, The Palace Hotel, Manchester (a place I later got married in).

I wanted Steve Coogan ( a then rising star) however Angela Rodden the MD insisted we went for Victoria Wood. Between her and my PA I was out voted. What a big mistake. Steve Coogan was a mega star by the time the event happened. They both commanded the same fee. £17,000 for the hour.

I should have known when I saw Victoria Woods rider. Her list of particulars was ridiculous. I had put on events for mega pop stars with smaller requirements.

We provided everything to the letter. The flowers (a particular length) were ready in her dressing room, the particular alcohol, the flesh coloured microphone that she taped to her forehead, the Steinway grand piano and the spot light that resembled a bomber tracking light from World War II, we did everything. 

I went to her dressing room and introduced myself. My God, what a rude woman! I politely explained that Angela (who had chosen her) was a massive fan, and would it be possible for her to have a photograph with her at some point before the end of the evening. It was a flat “no” “you have employed me to do a stage show, and that is what I am here to do!” or words to that effect.

We got the last laugh though, when she was doing her stand up, the sound engineers tripped over a wire and switched off the spot light mid act, which was being operated by Jonathan Bowers who is now UKFast’s communication director.

But this sort of attitude explains why Victoria Wood is no-longer on our screens. It is a great lesson, whatever your profession, always be professional. I have a rule that I only do business with people I admire or have the greatest respect for. If somebody’s standards slip in any way, ethically or performance wise , I will not want to do business with them. I have been known to turf suppliers out if they have not stuck to an agreement, either verbal or written. If you agree something, stick to it. Honour it at all costs.

I had a supplier who  cost me a great deal of embarrassment and stress not so long ago. When I confronted their acting MD on the matter, I was told to read the terms and conditions. He said “I think you will find we are doing everything we are contracted to do.”

Two weeks ago, I wrote a cheque for almost £3,000,000. That supplier who has had a monopoly in Manchester on the service he supplied is about to find he has a very passionate competitor in his midst. At a time when they are planning expansion, they are about to loose their biggest customer and find out they have an exodus of existing clients who we already have undertakings with that they are coming on board with our new venture.

Lack of professionalism isn’t a one off. People who are unprofessional are consistently unprofessional, day in day out. And, if you want to be successful, in whatever profession, stay alert and learn from everything that goes on around you. Be disciplined and be a great person. Follow these simple practices and you cant go far wrong. 

I’ll see you at the top! Or on that great journey.

Lawrence Jones @ UKFast

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“Wake” Up & Start Dreaming

April 18th, 2009

So here I am lying on my back looking at a blue sky, watching the clouds change shape. An airplane appears and disappears leaving nothing but a trace in it’s wake. And the question is “what do I do next?”

Mid recession, with no clear understanding of how long is the tunnel or how dark it might get, I am drawn back to the hypnotic clouds.

There are some things in life you can’t predict or influence, “weather” you want to or not. But do these unpredictable elements stop you from going about your normal business or day to day lives. Of course not. Only in extreme cases, but even these are “blips” and they cannot halt progress.

I am reminded of Earl Nightingale and his anology of the ship. He describes the damage caused by a ship in a harbor cut loose without a captain, crew, charts or destination. He then describes the same vessel, but this time with a captain, a crew a destination and therefore a purpose. The vessel will reach it’s destination every time. It will seldom be on the exact course, the currents and wind will do their best to divert them. However their collective purpose is stronger than the outside elements.

Just like the plane overhead. It’s destination firmly programmed in to the captain’s head and the onboard computers. The elements are constantly changing, but the clear path is set.

I set a path a few years ago, and every day I tread closer towards my goal. Some days slower than others I might add, but I carry on unperturbed. One of my intentions was to continue learning in order to keep myself interested and able to manage our rapidly growing responsibilities. And even though I am forced to change my location as the rain starts to spit, my vision is not spoiled by the change of scenes.

Far from it in this case. One of my goals is to surround myself with successful people so I can learn from them. I think my wife took this too literally and booked us into a place called The Lodge. Sir Richard Branson’s private Ski Chalet in Verbier Switzerland.

Although Richard isn’t here this week it is a real eye opener to meet some of his team and to see how real everything he has created is. And to realise  just how achievable it is to set and follow similar goals.

So we take a couple of hours a day on the slopes carving our future strategies in our heads before cataloguing, discussing, arguing, debating our future in these sumptuous surroundings.

I realise  that not everyone can afford to take time out in such lavish style. However you do need to take time out! However you do it, it can be in a garden shed as long as you get uninterrupted time to yourself. The important thing is you have the time to reflect and think about where you have come from, what you have learned, and where you want to get to and what you might encounter on the journey ahead.

Planning and knowing your outcome in the reverse order are the two most important factors that separate the Bransons from the Brainless.

“So where do I go and how do I do it?”

Personally I always head for the mountains. At home in Wales, we have been lucky enough to find ourselves a house and lake in the Snowdonia National Park. It is a place where mobile phones aren’t banned, they simply wont work!

Before the Lakehouse , I’d put on a rucksack, pack it full of beer, squeeze in a tent and enough provisions and off I’d go. My first weekend away with Gail who is now my wife, was in a serious thunderstorm where we camped at the top lake on Snowdon.

It rained so hard that breakfast turned to soup and we had to pitch the tent on a steep slope to stop it from filling with water.

But I’d set myself a goal years earlier, I’d find the perfect partner when I was still poor and she would be resilient, determined and kind.

I got more than I bargained for. She indeed became my partner in every sense, wife and business. Yes she had all the traits, and my friends who know me would laugh saying, she needs to be resilient and determined to put up with me!

So what do I mean when I say I got more than I bargained for? Well, I’d set the goal to find Gail whilst I was still poor. A fundamental flaw in goal setting.

“You have to be careful what you wish for” my Gran always used to say. She must have been on a Tony Robbins course!

What I should have set was to simply find the perfect woman. As a result, I remained “poor” and unsuccessful until I met her.

This is not superstition. This is simple programming of your brain. Whatever you ask for you get, whatever you focus on you will feel. This is how seriously I take goal setting now.

To give you an example of a goal I set as a child, “one day I will have a house in the mountains by a lake.”  I also set a burning desire to have a home that was big enough for everyone in my family to enjoy.

Gail found the perfect place amazingly less than 2 miles from the summit of snowdon, with an estate that has a 250 acre lake and the properties combined are big enough to sleep 28 people.

Coincidence? No, I don’t think so. I remember not being able to afford the fee at the Snowdon car park, plus I have too many cases of other goals for this to be coincidence.

It is worth noting that every super successful entrepreneur that I know follows the same key principals. Be very descriptive about what it is you intend on achieving, be bold and don’t hold back.

So instead of trying to switch off from your business at the weekend, get in your car or on a plane. Get a note book and pen and take some time out to pat yourself on the back for all that you have achieved and focus on Stage II.

Your business journey consists of many rungs on a very tall ladder. You determine how high you go. You can get off at any time if you get vertigo like Nixon of MoneySuperMarket.com, or you can keep climbing new ladders. Or in Bransons case, when you run out of ladders to climb on this earth, go Galactic. All I can say in his wake, is “Go Branson!”

And to fellow aspiring entrepreneurs like myself, never stop learning, never stop pushing, and certainly never stop trying.

Nothing should distract you from the path you set and don’t be hypnotised by events surrounding the economy. Your purpose will outlive any economic downturn.

I blogged a few weeks back after Rob Williams from Dolphin Music  died on the mountains where we are now.It is humbling to be reminded that life is so short. So get up, stop procrastinating.

All you need is pen, paper and you have a purpose.

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