Uncategorized – Page 199 – AbellMoney

Mike Ashley’s Frasers Group Acquires Wiggle Bicycle Retailer

Mike Ashley’s Frasers Group has acquired the online bicycle retailer Wiggle out of administration, seizing an opportunity amidst the industry’s turmoil.
Frasers, which owns Sports Direct, has finalised a deal to purchase the brand and intellectual property of both Wiggle and Chain Reaction Cycles, another online bike store.
Wiggle’s addition will complement Frasers’ existing cycling business, which includes Evans Cycles.
Under the leadership of chief executive Michael Murray, Ashley’s son-in-law, Frasers reportedly acquired the Wiggle brand and intellectual property for less than £10 million.
The acquisition comes at a time when the cycling industry is facing significant challenges. Global supply chain disruptions have hindered the industry’s ability to meet the increased demand experienced during the pandemic. As supply issues eased, consumer demand waned, leaving retailers with surplus stock that had to be discounted. This challenge has been further exacerbated by inflation and weakened consumer confidence.
Wiggle entered administration last October with debts amounting to £155 million. As a result of the deal with Frasers, 447 employees will lose their jobs.
Frasers is believed to be drawn to Wiggle’s robust social media and online presence, seeing potential for the brand to bolster its efforts in elevating its sports business. The company has refrained from providing further comments on the acquisition.
Last week, Halfords issued a warning to investors, anticipating pre-tax profits to be approximately 25 per cent below expectations, partly due to sluggish demand for cycling equipment. The company also highlighted widespread discounting in response to the challenges in the cycling market.
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Mike Ashley’s Frasers Group Acquires Wiggle Bicycle Retailer

Ecommerce Keyword Research: Top 7 Strategies

For ecommerce entrepreneurs, keyword research is the cornerstone of a successful online strategy.
Based on Semrush data, the top organic result in Google Search receives 28% of all clicks, and this percentage decreases to 2.5% for the #10 result. With this in mind, you can see why performing keyword research is essential as an e-merchant to be able to attract highly targeted traffic, increase conversions, and outpace your competition.
This article will guide you through essential ecommerce keyword research strategies, ensuring your products not only find their audience but resonate with them at the moment of search!
1. Utilize keyword research tools
Employ tools like Google Keyword Planner, Semrush, or Ahrefs to find relevant keywords. These tools can help identify search volume, competition, and related terms that the shoppers in your target audience are using.
You’ll be able to more easily identify high-value keywords that potential customers use when looking for products online, enabling you to tailor your product descriptions, meta tags, and content to match these searches.
Be sure to focus on long-tail keywords for better conversion rates, analyze the search volume versus competition to find balance, and continually monitor keyword performance to adjust your strategy as market dynamics change.
2. Analyze competitors
Look at your competitors’ websites and their product listings to discover the keywords they are targeting and learn which keywords are successfully driving traffic and sales in your niche. Tools that analyze competitor keywords can provide insights into what is working for them.
By understanding the keywords your competitors rank for, you can identify gaps in your own strategy and opportunities to differentiate your offerings or compete directly on popular terms.
In addition, review your competitors’ content and product listings to see how they incorporate these keywords. This approach not only helps in discovering valuable keywords but also inspires content creation and marketing strategies to outperform your competition.
3. Leverage related searches on Google
Google’s feature involving related searches uncovers additional keywords that your potential customers are searching for. This tool provides insight into the search queries related to your initial keyword, revealing new opportunities to target adjacent topics or questions users may have.
To use this feature effectively, enter your primary keywords into Google and scroll to the bottom of the search results page to find the “Related searches” section. Incorporate these suggestions into your content, product descriptions, and SEO strategy to cover a broader range of user queries.
4. Consider user intent
When performing keyword research for your ecommerce business, it’s crucial that you understand the intent behind searches—whether users are looking for information, comparing products, or ready to buy. Taking user intent into consideration allows you to align your content with the specific needs and stages of your potential customers’ buying journey.
When availing of this strategy, you can begin by categorizing your keywords by intent: informational, navigational, transactional, and commercial investigation. Use informational keywords for blog posts and guides, navigational for brand-specific searches, transactional for product pages and calls to action, and commercial investigation for comparison pages.
5. Use question keywords
People often search for specific information or solutions to their problems. By identifying and answering these questions via your content, you can attract highly engaged traffic to your site.
Use tools like AnswerThePublic or Google’s “People also ask” feature to find common questions related to your products or industry. Incorporate these questions into your content strategy by answering them in product descriptions, blog posts, FAQs, or how-to guides.
With this tactic, you’ll not only improve your SEO by matching exact search queries but also position your brand as a helpful resource, building trust and authority in your niche.
6. Analyze search trends
Analyzing search trends helps you stay ahead of market shifts and consumer interests. Determining trending topics and products makes it possible for you to align your content and product offerings with what’s currently in demand. Google Trends is an invaluable tool for this purpose, allowing you to observe the popularity of specific search terms over time and by region.
Monitor keywords related to your niche regularly, adapt your inventory and marketing efforts to meet emerging demands, and use this data to predict seasonal peaks or dips in interest. You can then incorporate trending keywords into your SEO strategy to capture traffic from users actively searching for these hot topics.
7. Optimize for local searches
If your ecommerce business serves specific geographic areas, it’s beneficial to include location-based keywords in your strategy. This helps attract customers who are searching for products or services near them.
When you consider that 80% of local searches convert, according to WebFX, it’s clear that this strategy is a must if your online store also has a physical presence!
You’ll want to include location-specific keywords in your content, titles, and meta descriptions. Remember to use Google My Business to ensure that your business appears in local search results and maps.
You can also create location-specific pages on your website if you serve different areas. Encourage customers to leave reviews on local directories and your Google My Business listing, as positive reviews can boost your visibility in local search results.
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Ecommerce Keyword Research: Top 7 Strategies

Elon Musk sues ChatGPT-maker OpenAI over Microsoft links given Non-Pro …

Elon Musk has launched legal action against OpenAI, the developers of ChatGPT, asserting that the company has veered away from the principles agreed upon when he co-founded it in 2015.
The lawsuit, which also targets OpenAI CEO Sam Altman, alleges that the company has strayed from its original non-profit, open-source objectives. Instead of focusing on its initial mission to “benefit humanity,” as stipulated, the suit claims OpenAI is now prioritising “maximising profits” for its major investor, Microsoft.
OpenAI has been contacted for response regarding the lawsuit.
Established with the goal of advancing artificial general intelligence (AGI) – AI capable of performing tasks equivalent to humans – OpenAI was also founded as a not-for-profit entity, thereby foregoing profit-driven objectives.
The lawsuit, filed in San Francisco, contends that Elon Musk agreed to establish OpenAI under these conditions, alongside Sam Altman and co-founder Greg Brockman, before departing the company three years later.
The legal action aims to compel OpenAI to adhere to its founding agreement and realign with its original mission of developing AGI for the benefit of humanity, rather than serving the personal interests of individual defendants and Microsoft.
This lawsuit follows reports from the Wall Street Journal suggesting that US regulators have initiated investigations into OpenAI amid allegations of investor deception, stemming from internal conflicts at the company in November 2023.
During this period, Sam Altman was abruptly removed from the board before being reinstated as CEO days later, amid accusations of inconsistent communication from the board.
Microsoft became entangled in the dispute, even extending offers to hire departing OpenAI staff. Elon Musk expressed concerns over the situation via a post on X (formerly Twitter).
The lawsuit contends that these “dramatic developments” underscore Microsoft’s growing influence over OpenAI. It alleges that OpenAI’s technology, including GPT-4, is primarily closed-source to serve Microsoft’s proprietary commercial interests.
Microsoft’s substantial investment in OpenAI, starting with a $1 billion backing in 2019 and expanding to a multi-year, multi-billion partnership in January 2023 following the launch of ChatGPT, is now under scrutiny by regulators in the UK, EU, and US.
The lawsuit further alleges that OpenAI has kept details about the design of its latest AI model, GPT-4, secret primarily for commercial reasons, rather than safety concerns.
Among other outcomes sought, Elon Musk’s legal team aims to compel OpenAI to continue making information regarding its AI developments accessible to the public.
Microsoft has declined to comment on the matter.
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Elon Musk sues ChatGPT-maker OpenAI over Microsoft links given Non-Profit Mission

7 ways to be a great leader

I’ve always been drawn to and had a fascination for exceptional leaders, particularly in the realm of business. I find myself thinking, “What distinguishes these personalities?” “Which qualities and strategies drive them to the top of their respective sectors and industries?”
I have been lucky enough to meet some of the top business leaders on my travels and learned that there are certain traits that appear common among them and everyone can learn them.
Be passionate!
No successful leader ever reaches greatness without passion. There are so many challenges with starting and scaling a business, that if you aren’t super passionate about that business, you will give up – its that simple! Every great leader I have met or worked with has huge passion for what they do. They understand that business, by definition, comes with challenges, and growing a great business is a process of problem solving and over coming those challenges. Often over-coming those challenges can be the making of those businesses.  To overcome those challenges, you need great people, so great leaders don’t just have passion for their business or idea, it extends to the people in their teams. They appreciate the hard work and time their team invests, and this passion reflects in their commitment to the well-being of their people. They understand that the success journey is a joint effort, and they go the extra mile to ensure their team remains passionate about their work and the business.
Promote open communication and cohesion in your team
Effective leadership really hinges on creating a culture where you have transparent communication with your team and drive and maintain a cohesive environment. Great leaders generally are honest and transparent, and lead from the front which sets the tone for the entire team. Many naturally use situational leadership which recognises that everyone is different with diverse communication styles so adapt their approach to each individual. People want to be heard, and great leaders recognise this, really listening to ideas, opinions, and issues which is both empowering and important for team members. By doing this and facilitating open communication between team members, a cohesive environment is formed which can help create a high performing culture.
Great leaders always have a plan
You can’t get far without a plan. As the old adage goes, ‘fail to plan, plan to fail’. Great leaders have a roadmap for everything, their life, their business, everything they are involved in. Most business leaders get this, but the really great ones have this front and centre of everything they do, and are unwavering in their pursuit it. Yes of course the plan will change, and adapt, but ultimately the destination usually remains the same. A solid plan, accompanied by a clear vision, and achievable goals as milestones along the journey helps great leaders deliver their desired outcome. This is the essence of turning a plan into action, and delivering repeatable success.
Inspire Personal and Professional Growth:
Great leaders champion their team’s growth as an integral part of an effective growth strategy. Investing in both their professional and personal development of your team members is crucial. Allocate resources, even if modest, to support their continuous learning. Empower your employees by providing challenging opportunities and guidance, allowing them to overcome obstacles and achieve personal and professional growth. A great leader creates a safe environment where team members can make mistakes and learn from them, giving opportunity for personal and professional growth and ‘failing their way to success’.
Progression and succession front and centre
Great leaders understand that the key to scaling a successful business is to consistently progress their team, and constantly work themselves out of a job through succession. This means always hiring people better than themselves, while giving current team members the opportunity to progress their own careers, through training and development to move up, or move sideways into other roles. The best leaders surround themselves with great people and then develop those great people into great leaders themselves.
Be agile – act like a start up!
Embracing agility is a crucial aspect of effective leadership and the ability to pivot, be flexible and change when some things are not working. It’s easy to fall into the corporate box and lose that early drive – but great leaders are continuously changing and adapting and innovating, setting new goals and challenges pushing their teams to think differently which helps individuals thrive.
Metrics matter in driving consistent replicable success
Great business leaders understand the metrics that drive success, and manage their businesses tightly against those metrics. They build systems and processes that put metrics at the heart of their businesses, and make sure all team members are aligned and understand those metrics. These collective metrics in a business provide the road map to execute the strategy and allow leaders to adjust different parameters to keep the business on track. Great leaders have been using big data way before the term ‘big data’ was coined. Metrics and data matter – it’s the life blood of any business.
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7 ways to be a great leader

Building Blocks: Which asset class can secure your financial future?

For several decades received wisdom has told us that property investment is the best way to watch your wealth grow.
There’s something powerful about investing in a tangible asset you can touch, see and control. Contrast this with purchasing shares in a conglomerate that is intangible, but can – entrusted to a financial expert – earn an exciting return for you.
If you decided to fund a property portfolio 25 or so years ago, you’re probably mortgage-free by now. In addition, Schroders has calculated your investment might have more than “quadrupled”.
The quotation marks matter. Property investors often fail to consider the ‘cost of liquidity’. This wouldn’t be a problem if your bricks and mortar were legal tender; you could buy your weekly shopping with a brick.
Sadly, you can’t. Rather you must sell your property, and the gain could be subject to Capital Gains Tax (CGT) up to a whopping 28%. You’ll also need to pay brokerage and legal fees before you receive the cash in your bank account ready to be spent.
Property investment now comes with a warning
Property investors do so not just for growth but also consistent monthly rental income with the expectation it will continue into retirement. Due to the low cost of borrowing for the past 20 years, which has given strong net yields, it has been a reasonable expectation – until now.
Many people are becoming saddled with bigger mortgages – and unhappy tenants – alongside the current dip in property prices. Analysis by The Telegraph stated an average landlord paying the higher rate of tax face losses when the bank rate reached 2.75%. In an uncertain economy the dream of property ownership can fast become a nightmare.
Alongside the low-interest rate era coming to a crashing end, we are in an environment of high inflation and low wage growth, with the cost-of-living crisis resulting in a 98% increase in rental evictions according to Property Reporter.
Meanwhile, the buy-to-let industry continues to plagued by government intervention – most recently the policy paper A fairer private rented sector. Ministers are often perceived as being ‘anti-landlord’; whether restricting the amount of mortgage interest deductible as a business expense; the 3% stamp duty surcharge; meeting new energy-efficiency standards; or other areas of governance and compliance.
In a nutshell, landlords must professionalise and see their property investments more as a business than an investment. Which begs the question, have they got time to manage a business alongside their day job? Probably not.
It’s fair to say those once-popular property investment weekend diplomas may be suffering from a dearth of delegates today.
Spread risk to cement financial growth without property
Highly successful families who have built generational wealth do not merely invest in physical property. It’s among the worst asset classes you can pick, if it’s the only thing you invest in.
There are better solutions – and they require sensible investment. That means keeping pace with inflation at the very least, and maximising your returns relative to your risk appetite, while also ensuring tax efficiency.
It’s fundamentally important to diversify your wealth across asset classes, sectors, geography, and even company size. Globalised investment funds spread risk in such a way that your wealth wouldn’t be totally undermined by economic shockwaves, as it might be with a single asset class approach – which could happen in a property price crash.
It’s just as important to make use of the plethora of tax wrappers to hold your investments: see my earlier comment about the ‘cost of liquidity’. 
Consider this: you invested £500,000 into mainstream securities – stocks, bonds, commodities – then markets dropped 35% in a single year; your investment is now worth £325,000. Should you panic and decide to cash in, attracted by high 5% interest rates, you would have materialised the 35% paper loss. It’s only a loss if you sell.
Some time later, the markets recover. The number of shares you originally owned are now worth £500,000, but you only have £325,000 plus some interest to buy back in.
The key lesson to long-term investment is, “Don’t panic”; acknowledging that’s easier said than done, especially if you’re reaching a point when you need to extract capital.
Wealth management changes to suit the modern world
The longer you invest the greater the chance you have to ride economic volatility and maximise your investment. Ongoing private client advice matters greatly as it can prevent rash decisions, such as selling your investments during a downturn.
The traditional model of financial advice, revolving solely around financial instruments and overlook legal issues, is changing. The market is also being successfully automated: we’re working on assisting in this space with the My Finances app.
Yet with greater levels of wealth comes more financial complexity, so private client advice continues to matter. It will be some time before AI and other technology obsoletes it.
Sound financial and legal planning is key, focused not on returns but instead optimising the preservation of wealth, while maximising opportunities for tax-efficient liquidity.
In an environment increasingly devoid of face-to-face human interaction, many wealthy people and their potential beneficiaries still need help with their financial affairs, and empathetic, technically robust, tailored solutions matter more than ever.
To paraphrase a popular school song it’s always wise to build your personal fortune on rock, but using that firm foundation to then spread your risk is how you’ll reap the greatest rewards.
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Building Blocks: Which asset class can secure your financial future?

UK car production off to a fast start in January

UK car production surged ahead in January, as revealed by the latest data from the Society of Motor Manufacturers and Traders (SMMT).
With volumes increasing by a substantial 21.0% to reach 82,997 units, this represents the strongest January performance since 2021 and marks the fifth consecutive month of growth. The boost in production comes amidst a backdrop of rising global demand for British-made vehicles and a gradual easing of supply chain challenges, notably semiconductor shortages.
The majority of the produced cars were destined for export markets, accounting for 75.8% of total output. Overseas shipments saw a notable uptick of 11.6% to 62,938 units, representing an increase of 6,559 units. However, the most significant volume growth was observed in the domestic market, with production for domestic consumption rising by an impressive 64.5%, equating to an additional 7,863 units.
Among the major global markets, the EU emerged as the primary destination for British-built cars, receiving over half (53.2%) of all exports. This was followed by the US (15.0%), China (10.5%), Japan (2.8%), and Australia (2.3%). Notably, shipments to the EU, US, and China experienced notable increases of 5.0%, 81.1%, and 33.2% respectively.
The production of battery electric (BEV), plug-in hybrid (PHEV), and hybrid (HEV) vehicles also saw an uptick, rising by a combined 4.5% to 29,590 units, constituting 35.7% of overall output. The majority of these electrified models were destined for export markets, underscoring the importance of not only increasing production of electrified vehicles but also securing favorable trading arrangements with global markets.
Mike Hawes, Chief Executive of SMMT, expressed optimism regarding the positive start to the year for UK car production but cautioned against complacency in light of economic challenges and geopolitical tensions. He emphasized the need for continued commitment to competitiveness and urged the government to introduce measures aimed at boosting UK automotive manufacturing, particularly focusing on energy, investment competitiveness, and market demand, in the upcoming Budget.
While potential impacts on UK car manufacturing arising from incidents in the Red Sea remain uncertain, the latest independent outlook suggests a positive trajectory, with UK car and light van production expected to rise by approximately 3% in 2024, reaching 1.04 million units.
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UK car production off to a fast start in January

Eco-Friendly Skiwear Brand, OOSC Clothing, Embarks on Global Expansion …

OOSC Clothing, a pioneering skiwear brand renowned for its eco-friendly ethos, is poised for international growth with a significant financing package secured through UK Export Finance (UKEF) in partnership with HSBC UK.
Based in Worcestershire and London, OOSC is renowned for its retro-styled ski, gym, and swimwear crafted from recycled materials, including plastic bottles, fishing nets, and sea waste. With nearly a decade of operation under its belt, OOSC is set to bolster its sales across key markets, including the EU, USA, Canada, Australia, and New Zealand, through collaborations with major distributors such as ASOS, Decathlon, Zalando, Macy’s, Hudson Bay, and others.
Founded by two friends from Swansea University, OOSC has rapidly expanded its presence, exporting to over 110 countries through its regional websites, with sales extending to 49 separate US states. The latest financing deal with UKEF, facilitated by HSBC UK, will enable OOSC to meet the escalating demand in key markets and enhance its global footprint.
Launched in 2015, OOSC has made waves with its sustainable approach to fashion, producing ski outerwear exclusively from recycled materials. In 2022, the brand garnered further attention by partnering with Team GB and double Olympian snowboarder Katie Ormerod, who developed her own range under the OOSC banner.
Supported by the financing package, OOSC aims to fulfill international orders from prominent retailers like ASOS and Decathlon while expanding its inventory to accommodate the surge in global sales. This follows a previous £450k facility provided by HSBC UK and UKEF in 2021, with additional support from HSBC in the form of a green trade loan in 2023, underscoring OOSC’s commitment to sustainability.
UKEF’s array of credit guarantees and insurance schemes have been instrumental in facilitating UK businesses’ access to finance, with OOSC benefitting from a ‘General Export Facility’ credit guarantee, enabling smaller businesses to access flexible trade finance through various financial institutions.
Tim Reid, CEO of UK Export Finance, commended OOSC’s journey from inception to becoming an iconic UK brand, emphasizing UKEF’s role in supporting innovative ventures and removing financial barriers to success.
Nick Marsden, Co-Founder and Director of OOSC Clothing, expressed gratitude for UKEF’s crucial support in driving international growth, highlighting the positive reception to their sustainable products worldwide.
Ben Clarke, Global Relationship Director at HSBC UK, affirmed the bank’s commitment to assisting ambitious UK businesses like OOSC in their domestic and global endeavors, leveraging its global expertise to foster success.
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Eco-Friendly Skiwear Brand, OOSC Clothing, Embarks on Global Expansion with £1.4m UK Government Deal

An incoming MD replacing a founder/outgoing MD – a tricky balancing …

As an incoming MD, possibly taking the place of the original founder/MD who may be moving into a chair role, you’re there because the business needs a senior person who has skills and experience that don’t currently exist in the organisation.
Phil Gripton, partner at Waypoint Partners explains that the incumbent leadership team will have mapped out their ambitions and then realised they need additional firepower and expertise to bring their vision to life.
First impressions
In the early days you’ll spend plenty of time with the outgoing MD and SLT learning about every aspect of the business including what’s up for grabs and what’s sacrosanct. You’ll clarify your remit and where your focus should be.
Some new MDs can find that they aren’t always empowered to deliver against the remit and targets.  Remember why you’re there. The leadership team has identified you as the person with both complementary and differentiated experiences, skills and knowledge that are valuable in helping the business achieve its goals.
You are a change agent who should be additive to the business and clearly demonstrate the value you bring. Fight your corner hard and negotiate for what you need in the best interests of the business. But also listen to what’s worked so far – you don’t want to throw everything up in the air and unsettle good people.
In the early days as you’re making an assessment of the business, there’s a useful Harvard Business that new leaders often call on: The First 90 Days. It will help you to analyse the environment you find yourself in, use a structured framework to address its needs and have a common vocabulary that facilitates focused communication and reduces the risk of miscommunication or interpretation errors.
Identify allies and detractors
There may be some tricky conversations along the way. Not everyone will want you there. Your arrival might spark suspicion and fear and you have to deal with that. Under-performers or those hiding away in fur-lined ruts are right to worry. Moreover, someone else might have wanted your job, ouch!
Where you’ve been hired to shore up the performance and economics of the business, you’ll probably uncover habits and behaviours that that have been allowed to continue unchecked and need to be dealt with quickly.
You’ll quickly identify the naysayers who aren’t open to change, but more importantly you’ll also spot your natural allies who will appreciate the changes and value you’re bringing in that will lead them to greater things. You’ll work out where the power base sits in the company – not always where you expect it.
You can’t win everyone over and my experience in this kind of role has shown there’s little point putting effort into people who sit firmly on the “other side of the fence”. Either they come over of their own accord or not at all and will eventually move on. That group usually only represents a handful of people but if it’s anything sizeable then you’ve got to work to neutralise that threat quickly.
Be human!
During this tricky transition phase, it’s vital that you appear as a strong, visible leader and communicate with the wider team to secure buy in and galvanise them in a collective undertaking. Make sure to listen to everyone and their analysis of where the issues lie, while adapting your leadership style to suit the needs of key team members where that’s required.
If you want to win hearts and minds you have to come across as a leader who is human and genuine. You might have to make your own cultural adjustment, for example if you move from a big corporate to a start-up where the tone is very informal. And making that transition in public can be a good way of showing the team you’re prepared to make an effort to fit in. It could be something as simple as showing up on day one in a suit and tie, and gradually adopting a much more relaxed look that aligns with everyone else. Showing that you can be vulnerable and authentic in this way can be very powerful.
Communicating your plans
People like to know what’s going to happen. Signal how long the initial assessment phase is likely to last and when a clear plan will be announced. You might have to break it up into several stages. A short-term plan with some initial quick wins as proof of concept – especially if performance has been rocky recently – can be a great way to calm the water, build confidence and show the positive impact you are making.
Longer term planning might be about ensuring ongoing corrective growth, for example. It could focus on building in processes to bring in higher quality leads, or reducing the long tail of unprofitable clients. If it’s about supercharging the sales/new business engine, then build initiatives that people can latch on to.
Why you’ll need extra support
Speaking as someone who’s been in this situation, coming in as MD can be the loneliest job on earth. You owe it to your team to give them the leadership they need, not the leadership you want to give them. Part of your remit is to constantly inspire them to do great work.
And while it’s important that your decision making is fast but considered, decisive but transparent and you show authentic vulnerability, what you can’t do, at least in the early days, is show when you’re struggling or are not sure what direction to go in.  It’s vital therefore to alleviate some of the loneliness and pressure that comes with the job by organising support, either through a non-exec, coach or mentor.
The combination of a considered recruitment process and an enlightened leadership team who recognise they play a part in helping you deliver should mean the appropriate external support is put in place. Your success is everyone’s success – you’ve been brought in to do an important job that no one else in the business can do. Making you feel as though you’ve been abandoned in what is already the loneliest of roles is in no one’s interests.
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An incoming MD replacing a founder/outgoing MD – a tricky balancing act

Secrets of Success: Samantha Sloan, Founder and Director, 123 People D …

In the realm of professional development, few things hold as much promise as real, tangible growth. Samantha Sloan, Founder and Director of 123 People Development explains why the secrets behind lasting transformation is paramount and the core ethos and driving force behind her business.
 What sets your company apart?
Our unique selling proposition (USP) lies in our coaching programme, which not only instills a profound shift in mindset and behaviours but also ensures that this transformation endures over time. Through meticulous psychometrics, we chart a course towards sustainable learning, focusing not merely on tasks or processes, but on the individual themselves. Moreover, our Learning Management System (LMS) fosters reflective learning and practice, solidifying newfound knowledge. It’s a true investment in both time and money.
How do you address the primary concerns of your clients?
Our mission is to make learning stick. Unlike superficial training exercises, we deliver real change that resonates long after the workshop doors close. By challenging entrenched beliefs and fostering autonomy, we disrupt conventional thinking, nurturing both personal growth and enhanced performance.
What prompted the inception of your business?
Initially, my desire for greater flexibility led me away from the corporate sphere. However, as our business flourished, it became apparent that we were making a tangible impact on workshop participants. We have a knack for unlocking latent potential, that untapped essence within each individual.
Can you outline your brand values?
Our values underpin everything we do:
Growth: Nurturing confidence in performance through an understanding of behaviors.
Rejuvenation: Embracing dynamic thinking as the key to reinvention.
Passion: Fostering a relentless pursuit of improvement.
Empowerment: Unleashing the potential within to cultivate a culture of growth.
Does your ethos guide your decision-making?
Absolutely. Our mission, to leave things, especially people, better than we found them, serves as our compass.
How crucial is team culture to your operations?
Team culture is the cornerstone of any successful enterprise. Our collective skills and shared vision shape our approach, fostering effective communication and alignment with our values.
How do you express appreciation to your team?
Sometimes, a simple thank you suffices. Acknowledging their contributions and recognising their positive impact goes a long way.
Do you communicate directly with your consumers?
We strive for clarity and simplicity in our messaging, ensuring our consumers grasp our offerings effortlessly.
Regarding economic challenges, how do you handle pricing?
Despite rising overheads, we’ve maintained our price points, prioritising value for our clients. Virtual training costs remain consistent, reflecting our commitment to accessibility.
How frequently do you assess performance metrics?
After each workshop, we meticulously analyse data to gauge personal growth and mindset shifts—a crucial aspect of our continuous improvement strategy.
Is technology integral to your operations?
Technology enhances our efficiency and effectiveness, enabling seamless workshop delivery and optimising the learning experience.
What’s your perspective on competition?
Healthy competition fuels innovation and growth, keeping the industry dynamic and evolving.
Any advice for aspiring entrepreneurs?
Embrace hard work, maintain a thirst for knowledge, and stay true to your vision. Clarity of purpose is key.
How do you unwind amidst the pressures of leadership?
Aviation is my sanctuary. Whether it’s watching planes or attending airshows, it’s where I find solace and inspiration.
Do you prefer short-term or long-term planning?
We typically operate on a 6-12 month planning horizon, balancing agility with strategic foresight.
What’s your eco-strategy?
Partnering with Blue Marble allows us to offset carbon emissions—a testament to our commitment to environmental stewardship.
 What are your goals for the next year?
Introducing new courses, expanding our professional network of coaches, and providing further training opportunities are top priorities on our agenda.
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Secrets of Success: Samantha Sloan, Founder and Director, 123 People Development