Engaging Hearts and Minds – with John Maguire of The Phoenix Car Company

Wikipedia: Employee engagement, also called worker engagement, is a business management concept. An “engaged employee” is one who is fully involved in, and enthusiastic about their work and thus will act in a way that furthers their organization’s interests.

So, employee engagement is a business management concept. It’s also a hot topic. But how does it translate into the real world of business?

John Maguire, MD of The Phoenix Car Company (once rated as the Fastest Growing Privately Owned Company in Scotland) not only embraces it, he practices it.

Keeping his employees engaged and motivated has been central to the company’s success since it launched in 1993, at the former site of Chrysler in Linwood, next to Glasgow Airport. Since then, the company has progressively grown to include 18 dealerships spread across Paisley, Glasgow, Edinburgh, Grangemouth and Stirling.

“People are your greatest asset”. It’s been said many a time before but, speaking at a special event in Glasgow, John made the cliché real.

“I have heard this many times before,” said Graham Steed, “But John made the cliché real and demonstrated the impact that engaging your staff fully can have.

“Also, the focus on attention to detail, constant professionalism and getting it right first time, every time.”

Graham, SEO Business Intelligence Division
 BiP Solutions, said John’s Phoenix story was “inspirational”.

“John’s presentation style, experience and down to earth attitude made the time go very quickly. Hearing about his vision for his company and how quickly he made it happen was inspirational.

“John demonstrated that the best leaders understand what the pulse of their business is, and stay in touch with the key drivers of it regardless of what else may be going on. His personal role in hiring staff was also very interesting and underlined the importance he places on having the right people in the organisation.”

Mike McCloskey of Rainbow Delivery said he took away 3 key tips from John’s talk; the first being to invest in your people to make them winners. “I take that as much as ‘time is money’,” said Mike.

“You need to make people feel like they are part of a business doing something good. Why? It lifts my thinking out of the grunge and focuses my mind on helping my team do the same.

“From now on we’ll be placing more emphasis on our ethos/mission ‘Delivering Peace of Mind’ and more fun and engagement in the wider community.”

Feedback

“Key tips for me – start new staff who are energetic and motivated to work for the company and not just for money. Take time to hire the best staff. Don’t settle for staff that ‘will do’. Create a company culture that everyone believes in.”

“Tips for me – acting as an agent for the consumer. What to look for in new employees; energy, enthusiasm, intensity and excitement.”

“John’s enthusiasm was contagious. It helped me remember that it’s about more than delivering parcels (i.e. what our “job” is). I also liked John’s attitude to investing in his people to “turn them into winners”. It reaffirmed my decision to get more involved and John’s version of Open Door policy ties right in with that!”

Highlights from An Evening with Colin Robertson – part 2

Colin Robertson’s talk was honest, humourous and hard-hitting in parts but the Exchange members lucky enough to attend all found something relevant to their own business they could take away and apply.

Here the members share some of the highlights of the evening, and what they learned from Colin’s story.

John Gardiner of TALENTStream was busy taking notes to take back to action.
“I’m taking away very rich ideas you can apply directly in your business and know they are proven.”

Joanna Dunbar, Stewart First Aid, thought Colin had a brilliant story to tell.
“It’s fabulous to see something started in Scotland and going all over the world.”

Nicola Gillespie Syme, Gillespie Financial, loved the humour Colin used to get his message across.
“Colin’s fundamental belief and passion in everything he does is infectious.”

Robin Wornsop of Rabbie’s Trail Burners appreciated the information about how Colin turned the business around.
“The key things were communication around making sure every one knows where you are going and what your vision is to take the company forward so you get the company behind you – every one actually wants to be in a winning team.”

Highlights from An Evening with Colin Robertson – part 1

If you weren’t at An Evening with Colin Robertson, then you missed out on a quality event.

2012′s Entrepreneur of the Year Colin Robertson was on top form, his talk both entertaining and educational.

In part 2 of this blog we’ll share highlights from the evening through the eyes of some of the members who attended, but for now you can listen to Colin talk about de-risking Alexander Dennis Ltd, growth in products, sales and profits, customer retention, moving out of comfort zones, and hitting £1bn t/o in the not too distant future.

Trust us, this is one video you really want to watch.

Acquisition Secrets Revealed – Jim McColl

Growth by acquisition can be exponential, exciting and financially rewarding. If you get it right. But in many cases the acquisition doesn’t work out, the acquiring company struggles to integrate the new company, and the new company fails to fit in.

Jim McColl

Jim McColl


So how do you make successful acquisitions? Who better to ask than Jim McColl of Clyde Blowers whose successful acquisition strategy over the past 10 years has seen the business develop into a truly global portfolio of 90 companies in 30 different countries, employing 6,000 people, with an annual turnover in excess of £1.35bn.

Murray Strachan chaired the evening. He summed up Jim’s key advice quite simply:
• Focus on what you’re good at, what you can add value to and/or leverage.
• Remember the best business to be in is the one you’re already in.
• Research competition, market/industry sectors and look for gaps, potential and to identify targets.
• Development and implementation of a 100-day plan is the key to integration and success.
• Motivate the management team, help them understand the vision and let them help in developing the storyboard.
• Be careful with the brand of the target, and/or eroding its inherent value.
• Always present an acquisition as a merger.

“Jim’s key approach came down to four factors, said Murray. “Big ambition, a “can do” attitude, understanding your markets and thinking globally.

“There were so many lessons and golden nuggets from Jim my arm hurt writing them all down. What a guy!”

For Amanda Boyle of Bloom VC the key lesson was that successful acquisitions focus on the return not the cost and the most valuable due diligence is carried out on operational issues by an internal team before professional services are engaged.

“Planning and ambition are important at every stage of building your business,” said Amanda. “It’s important to map and articulate these then share with everyone, every day… so that’s what I aim to do!”

She added: “Doing the right thing can be compatible with big ambition. A strong sense of personal values shines through Jim’s approach to negotiation.

The most memorable piece of advice that Tony Banks took away from the evening was that Scotland would flourish as an independent nation.

Tony, of Balhousie Care Group, added:” The highlights for me were tips to get your own team to do most of the operational diligence during an acquisition and then get the ‘expensive’ professionals to only provide confirmatory diligence.

“There will be no major changes in my business but I need to talk to Jim about raising funds and becoming a debt financier,” smiled Tony.

Attendee Thoughts and Key Tips
“Lots of practical advice and guidance, underpinned by focus, patience and sharp vision. What shone through were Jim’s priorities and values, and a very clear sense of self.”
“Target peoples dreams not just how much they want to be paid. Make that dream a reality!”
“Key tip for me – operational diligence before you bring in the expensive professionals to carry out the confirmatory diligence.”
“1. Get to know the firms first, just ‘drop in’ for a coffee whilst you’re in the area – so really get to understand the business from afar 2. Let them think you’re merging 3. Keep staff informed & updated with your goals 4. Do diligence internally where possible.”
“My tips from the evening – Market analysis – get to really know your market and competitors – Key staff – play to their dreams when looking to incentivise – Story board – set out clearly the vision for all to see and buy into – Can do attitude is essential – Look at what you are good at – best business to be in is the one you’re in!”

Jim also recommended a number of his favourite books, his personal top ten list is here. Better get them on your Santa list!

1. Think and Grow Rich – by Napoleon Hill
2. Success Through A Positive Mental Attitude – by W. Clement Stone
3. You’ll See It When You Believe It – by Wayne W. Dyer
4. You Can If You Think You Can – by Norman Vincent Peale
5. Born to Success – by Colin Turner
6. Are You Positive? – by Richard Gaylord Briley
7. The Secret – by Rhonda Byrne
8. A Passion for Success – by Kazuo Inamori
9. Ask And It Is Given – by Esther and Jerry Hicks
10. Abundance – The Future Is Better Than You Think – by Peter H. Diamandis

Biographies “here”

The Challenges of a Multi-Site Business

When you have staff spread over a multi-site business, you have to ensure a consistent company culture is implemented across the board, with systems and processes in place to allow you to monitor and progress that culture. But it’s not as easy as it sounds.

Elaine Halley of Cherrybank Dental Spa has grown her business across two sites, and is experiencing a few teething problems. She attended the Managing a Multi Site Business Focus Dinner with a view to learning from seasoned entrepreneurs who have managed it successfully.

She thought Tony Banks (of Balhousie Holdings) gave a really honest and down to earth account of the challenges of growing by acquisition – and his insight that generally the management team of the acquired sites needs to be altered was a point that made sense.

He shared his tips for communicating across a ‘group’ and steps taken to ensure that company culture is reflected across multiple sites. Inspect don’t expect was the lesson for all managers when sent out to see how the actual teams are managing in the real world, not just information being shared. “Go in through the back door”. Tony also said awards were inspirational for the team members once your company is big enough to justify this.

Elaine said Bill Power (William Tracey Group) gave brilliant analogies to the Catholic church and the Foreign Legion. Bringing people together and giving them a common bond – especially if that gives a feeling of being part of something that is bigger than yourself.

“Respect for authority, team and the systems above any individual was the message. His description of the Kerry Group managing sites across different countries was inspiring,” said Elaine.

For Les Meikle, of Wise Property Care, the quote “None of us is as good as all of us” struck a chord.

“It reinforces the team aspect of the business and should help more distant members of the team feel included,” he said.

Exchange board director Les said he particularly liked Tony’s “Voice” meetings where he gives a selection of employees an opportunity twice a year to meet with him and give him their views on how improvements could be achieved. As a result, Les will be returning his focus on his own team.

“I think I will get round the branches a bit more than I have and do a lot more visiting the sharp end so to speak, making myself available to the employees,” he said. “It’s very easy in a recession to focus on the results and perhaps not so much on the people who have to achieve them.”

You can read Tony and Bill’s biographies here

Going the Extra Mile – Customer Experiences

Eric Flannigan has been creating innovative and effective customer service initiatives for years; working with major corporates, SMEs and fledgling entrepreneurs to deliver the ultimate in customer experiences there’s little he doesn’t know about the holy grail of excellence in service.

Speaking at a recent Evening Exchange on “Going the Extra Mile” Eric, of Flannigan Consulting, shared some of his experience. He believes a business is only as good as the weakest link, so it’s important to discover what that is, fix it and then manage service as tightly as production or operations.

He summed his thoughts into “In a Nutshell” actions for improving your customer experience. Number one is to have a single compelling purpose for your business existence ie to be renowned for outstanding service. But to deliver that you need leadership skills to win the hearts and minds of the people who work for you.

Giving praise and recognition for good services to customers is key, and make sure you value those who deliver very well for your customers.

It’s also important to define what your outstanding service actually looks like, and how each of your customers will experience that.
Eric says: “Make sure that key people walk the talk on service, measure the delivery – and manage it fiercely.

“Focus on increasing customer opinion by a factor of between 3 and 5.”

He also suggested simple tips to remind customers of all the “over and above” things you do for them. “Send them an invoice recording ‘no charge’ when you have done something significant for customer and you wish to underline that you went the extra mile.”

Key takeaways from the event:
Remember the value of face to face
Simplicity and visible, engaged leadership turns your values into your assets
Get new employees to physically sign up to Values and Service Behaviours

Thriving in Tough Times – Evening Exchange with Gilad Tiefenbrun, MD of Linn Products

Guest blog by Kev Ashcroft, Blinkered

Our Evening Exchange with Gilad Tiefenbrun commenced sonically with Glasgow’s own legendary jazz vocalist, Carol Kidd, played through Linn’s stunning Klimax DSM digital streamer and 350A loudspeakers.

Gilad’s approach was laidback and relaxed, no script was in sight and some intriguing images were displayed, which certainly added to his story.

Linn Products was founded by Gilad’s father, Ivor Tiefenbrun, on February 19th 1973 – I was exactly 1 year old that day. The company became very successful over the years, particularly through the creation of the Linn Sondek LP12 turntable.

However, in the early 2000′s, the business lost focus somewhat, having branched into consumer electronics like CD players and unfulfilling partnerships with Aston Martin to name but one. (The latter may sound good on the surface, but the reality was that dealing with the Ford Motor Company presented a whole range of unforeseen everyday challenges.)

Meanwhile, within the company some individuals favoured their own interests over the interests of the business as a whole. It appeared that Linn Products had quite possibly become a collection of mini empires.

As Ivor’s health started to decline, conversations began with his London-based son with a view to him coming to work in the business.

Depending on who tells the story, you get a different version of events.

Ivor’s account is that Gilad asked to come to work in the business several times, while Gilad insists that Ivor requested his presence repeatedly before he finally relented and began working in the product development side of the company.

As Linn Products moved further into the second half of the 2000′s, previously unheard of debt started to build in this once prudently-run company, even though the turnover had actually risen. In fact, the economic climate had completely changed and banks were putting increasing pressure on businesses like Linn. Action needed to be taken.

Stepping up to a leadership role, Gilad pushed for the company to remove itself from the low-cost, low-profit areas of operation especially CD players , and instead investigate products of the future, including the aforementioned Klimax DSM digital streamer range, which provides studio-quality listening pleasure from the home network rather than the spinning disc.

He worked to retain the people who had the best interests of the business at heart and on whom he knew he could rely.

The company went through a painful few years, but with the right leadership in place (Gilad became the MD in 2009), a new, transparent way of operating emerged. Now all staff can see how well the company is performing, there is a great team spirit and a highly supportive non-executive board. The company is once again going from strength to strength.

In summary, it was an entertaining and enlightening talk about how a strong, vibrant and high-quality business can suffer if it loses focus and has the wrong personnel on board, but also that ultimate failure can be avoided if people taken decisive action early enough and all share a common vision.

From a personal viewpoint there were many things I took from Gilad’s presentation; these would be my top three:

1. Always plan for succession, not only for that of your own role, but also for everyone else.
2. Don’t let your staff hide – make sure all main business performance metrics are displayed for all to see in an easy-to-understand manner (ask Gilad about his ‘whiteboard’ system).
3. Don’t let managers or supervisors ever prevent you from personally talking to any of your team or allow them to ‘have a little word’ with them beforehand.

As Gilad wrapped up the talk and prepared for questions from Exchange members, we were treated to the music of Katherine Bryan and the Royal Scottish National Orchestra, Liebermann Flute Concertos, recorded at the Glasgow Royal Concert Hall.

The night had been a thoroughly enjoyable, insightful and useful event and another timely example for all entrepreneurs that we aren’t alone in the dark times or the successful times. The Exchange provides a great peer group with whom you can share the good and the bad, and helps us all focus on our individual targets.

Thanks Gilad for such a thought-provoking and open presentation, which no doubt will be of great use to many who attended your evening.

Kev Ashcroft – Blinkered

Characteristics of an Entrepreneur

The Oxford Dictionary definition of an entrepreneur says:
Entrepreneur – Pronunciation: /ˌɒntrəprəˈnəː/ noun “a person who sets up a business or businesses, taking on financial risks in the hope of profit: many entrepreneurs see potential in this market”.

Wikipedia says entrepreneur is “a term applied to a person who is willing to help launch a new venture or enterprise and accept full responsibility for the outcome”.

Even entrepreneurs themselves have their own definition of the term. But what actually makes an entrepreneur? What are the key characteristics of an entrepreneur?

This is the first in a series of short video blogs highlighting Exchange members and their interpretation of what makes an entrepreneur.
It features Simon Burges of BiP Solutions, Liz Hoskin of Positive Qualities, Nick Cohen of PCR IT, Billy Lyle of Target 360, Hamish Robertson of RT Franchises and David Frame of B&D 2010 Group.

An Evening with … Iain MacRitchie

“To be successful on a serial basis it takes motivation and commitment.”

Award-winning serial entrepreneur Iain MacRitchie spent an “Evening With” Exchange members talking about what it takes to be successful.In this short video blog he summarises the highlights of his presentation.

For those attending the event, Iain’s presentation was both inspirational and motivational. Afterwards, we spoke to Simon Burges, David Frame, Hamish Robertson, Nick Cohen, Liz Hoskin and Billy Lyle and asked them what they learned from Iain.

Iain MacRitchie Biog

Conference Highlights – Video

The Annual Conference 2012

It was an amazing day, with some incredible speakers sharing valuable advice, great networking and lots of fun. This short video shares some of the highlights of the day, although nothing compares to being part of such an event.

Take a moment to watch it whether you were there or not – we’re sure you’ll want to be there next year.