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Maintaining a Competitive Edge
At StudioIMI, we have worked with more than 300 entrepreneurs and corporations. The new breed of entrepreneurs have an edge and have been educated and trained to have a bit of an edge. When I started my first business, I bought a round of golf with a senior Manager of a Telecom company I respected to ask him some questions. One of the best pieces of advice he gave me during those five hours was this: make sure you hire a good lawyer to insure everything meets legal requirements when you incorporate and hire an excellent accountant. I took that advice and my business soared very quickly. I had originally considered taking on partners and had two experienced associates who were interested in joining me. My golf associate asked some tough questions and in the end convinced me that I was company and should go it alone.
In the end, I went at it by myself and hired the resources I needed. It turns out that I was actually the intellectual property of the business and the reason that several manufacturers were interested. Business in Ottawa was booming back in 1996 and the contracts I took on with software and hardware providers had instantaneous traction. Definitely a great time to be an entrepreneur and I owe a large share of success to the advice I received during that game of golf.
In fact looking back, it was the best thing I have ever done and the next four years were wildly successful and ultimately resulted in me selling the business to become a VP of Global Sales for a company that went public and expanded globally. It was like a real-time MBA; establishing worldwide sales operations, going public with an IPO, creating acquisition targets of smaller companies and building a team of sales engineers and technical resources in the USA, Canada and Europe as well.
We were an aggressive, edgy organization, very competitive with unique software solutions and we engaged with companies including Intel, Motorola, Phillips, Newbridge, Alcatel, Schlumberger, General Motors, Ford and many other large and mid-sized companies. We definitely had the competitive edge needed to succeed. My team was like the early 90’s Blue Jays…easy to manage, superstars, great people overall and hitting lots of home runs that won two world series.
During those years through to 2003, we were busy and on top of the world. If you treat your business like the business you expect it to be, surround yourself with the best people, lead by example and step aside to allow the entrepreneurs to succeed, you can do the same with any size business. My philosophy at that time was open-door policy and the team members were treated as peers and truly were a part of the process.
Padgett Small Biz Pros offer the same ability to build a competitive business and through the franchise operations and systems, a new company stands a great chance at starting with that competitive edge. The ongoing training and the corporate culture inspire franchise owners to be competitive, to build smartly and to look at the long term. Padgett is interested in expanding into British Columbia as well having great opportunities in Alberta, Manitoba and Saskatchewan if you have an interest in an accounting/small biz consulting business.
Eventually the company I worked for was acquired by a large, well-known hardware manufacturer and I became a business coach. To this day, I still do some executive coaching for exclusive clients. If you have an interest in understanding the value of a business coach for your business, whether it’s a franchise like Padgett, a start-up or a growing business, please give me a call to chat anytime. My door is always open.
Call us at 778-440-3031