I hope to provide a different kind of style of blog posting over the next few months
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Friday, February 3, 2012
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Back on the Blog- Start Ups
As you can see, I haven't posted a blog for a long time. The reasons will become obvious over the next few month.
I wrote about selling my IFA business and about the practical steps involved in it. Then I actually sold my business and I have had some of the worst experiences of my life.
Having bought businesses for 10 years and had to manage the process after acquisition. Having also made many mistakes in that process, I had no idea what I was in for when I sold my business.
I have now been working on a consultancy basis with the firm that bought out my business and I want to share a number of the lessons I have learnt acting as an adviser to businesses rather than making the decisions.
I have also got involved in a brand new start up and am working closely with another one. I love start up businesses. I think the blind faith and luck that is involved in taking the plunge in a new business is amazing.
When you have seen the effects of the mistakes that you make over many years, and the build up of troubles in a business in hard economic conditions, seeing businesses at the other end of their life is wonderful.
Business people need to make mistakes- and if those mistakes are genuinely out of naivety, lack of skill or experience, then they should be forgiven over time. Startups are times when those mistakes are magnified, because the business is just finding its culture and meaning.
If you are thinking of starting up and worried about making mistakes, the advice of our experienced and very ancient non-exec stuck with me "You will make mistakes, learn to recognise them faster"
I wrote about selling my IFA business and about the practical steps involved in it. Then I actually sold my business and I have had some of the worst experiences of my life.
Having bought businesses for 10 years and had to manage the process after acquisition. Having also made many mistakes in that process, I had no idea what I was in for when I sold my business.
I have now been working on a consultancy basis with the firm that bought out my business and I want to share a number of the lessons I have learnt acting as an adviser to businesses rather than making the decisions.
I have also got involved in a brand new start up and am working closely with another one. I love start up businesses. I think the blind faith and luck that is involved in taking the plunge in a new business is amazing.
When you have seen the effects of the mistakes that you make over many years, and the build up of troubles in a business in hard economic conditions, seeing businesses at the other end of their life is wonderful.
Business people need to make mistakes- and if those mistakes are genuinely out of naivety, lack of skill or experience, then they should be forgiven over time. Startups are times when those mistakes are magnified, because the business is just finding its culture and meaning.
If you are thinking of starting up and worried about making mistakes, the advice of our experienced and very ancient non-exec stuck with me "You will make mistakes, learn to recognise them faster"
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