Latest / Low to Grow / Sam Smith's IPO Experience and Why She Founded Superscalers
Transcript
- 0:00Sam Smith was the first female stockbroker of the City
- 0:03investment. Firm, my choir master actually,
- 0:06he was in the city and I said I'll get your day's work
- 0:08experience in the Commodity Exchange.
- 0:10But as I walked in aged 17, you know my little suit, feeling all
- 0:13excited, they started barking, like literally like dog barking.
- 0:18As I walked in I looked back to that and think Oh my God, they
- 0:22all had these little boxes with lots of pastry girls and naked
- 0:26pictures stuck up on the walls. She built and scowled.
- 0:29Thin cap into a leading investment firm for over 24
- 0:32years before leading it to IPO. As for CEO?
- 0:36Even though I've IPO to business, I say to people I
- 0:39still have all these insecurities.
- 0:40I was not good enough. I don't value myself properly,
- 0:43you know. Should I be at the seat at this
- 0:45table? What also really stood out to me
- 0:47is actually Sam's true belief that inclusivity and culture are
- 0:51three drivers of both profit and growth for a company.
- 0:55Quick note before we start, if you have enjoyed this podcast
- 0:58and want to support our incredible.
- 1:00Guests. Please follow Low to Grow
- 1:02podcast on Instagram and TikTok. Welcome to Low to Grow, the
- 1:07podcast transforming life's toughest moments into
- 1:10opportunity. For growth.
- 1:12I'm Annie, A Forbes Under 30 Technology founder whose
- 1:15entrepreneurship journey ran parallel to a mental health
- 1:18awakening. In every episode, I sit down
- 1:22with inspiring individuals and delve into how they managed to
- 1:25turn their personal or professional challenges into
- 1:28opportunities for growth. If you're facing uncertainty in
- 1:32your life, feeling down or simply need a kick of
- 1:35inspiration to keep moving forward, this is your space for
- 1:39the honest and uplifting conversations that you will want
- 1:42to hear. Hit follow so you never miss an
- 1:45episode and let's dive in. Sam is now the Co founder of
- 1:48Super Scalers working hands on with ambitious scale ups and she
- 1:52is also a huge champion of underrepresented founders in the
- 1:55UK. Sam, it's such a pleasure to
- 1:57have you on Below to Grow podcast.
- 1:59Who do you want to be listening to our conversation today?
- 2:03So I think it's it's probably useful for any entrepreneur
- 2:06that's starting out, any entrepreneur that's scaling, any
- 2:08entrepreneur that wants to really super scale and probably
- 2:11particularly any entrepreneur that's feeling a bit stuck or
- 2:14needs a bit of encouragement and really wants to think a bit
- 2:17bigger. How would you describe where
- 2:19your journey started? Got it started, you know,
- 2:22because it has my career journey.
- 2:23I'd done three years accountancy so I was at KPMG for three years
- 2:28and studying to be a qualified charged accountant, which I got
- 2:31my exams and I left the day I qualified and I was going to go
- 2:35to a big corporate bank and I decided that wasn't for me.
- 2:38Something happened and that that made my decision and I started
- 2:41working for a private wealth manager that just wanted to set
- 2:46up this new department to do corporate finance and 24.
- 2:50Everyone thought I was mentor. I thought it was worth taking
- 2:52the risk. I didn't even think it was a
- 2:54risk to be honest. I thought it was a risk doing
- 2:56something I didn't want to do and I set about working out how
- 3:00you set up a corporate finance department.
- 3:02I didn't know what I was doing. I didn't know how to do a
- 3:04corporate finance deal. I just learned and gradually
- 3:07that decision meant we built that division out.
- 3:11We built it took something quite significant to 3,000,000
- 3:13turnover and then I bought that division out became thin cap
- 3:16eight years later and then built it to be the largest investment
- 3:20bank for growth companies in the UK.
- 3:22So no idea what I was doing at the start, no idea that I was an
- 3:25entrepreneur or no idea I was going to build something.
- 3:27It just happened, you know, by keep growing and keep getting to
- 3:30the next stage and that was my 24 year history.
- 3:34Wow, you make it sound so smooth.
- 3:35But I'm sure that there were a lot of challenges.
- 3:37So manoeuvres. It's definitely, definitely not
- 3:41smooth. No, definitely not smooth.
- 3:42But I think all us entrepreneurs are extremely positive.
- 3:46So even when something is going really badly wrong, you sort of
- 3:49see the positives. And actually I'm, I'm a great
- 3:52one for thinking whatever happened, happened for a reason.
- 3:55I've got a great quote, which I love is, you know, you need one
- 3:57door to close before another one opens.
- 4:00And that's always my philosophy. When something's going really
- 4:02wrong, you're really, really, really struggling that that's
- 4:07the opportunity that something else is about to happen.
- 4:11And if you keep that mindset, I think you see the things that
- 4:15are about to open and then you never look back.
- 4:18I like that. It's similar to that saying of
- 4:21you have to leave something behind in order to welcome in
- 4:24something else. And I think that's very true.
- 4:27Sophie, Even Sam, early on in your career, was there one
- 4:31particular opportunity that you remembered losing or really, you
- 4:35know, feeling bad about losing, which then actually ushered in a
- 4:38new opportunity about setting on the track to do what you have
- 4:41been able to do and achieve? So losing, I mean, I, I don't
- 4:45frame things like this in my head.
- 4:47So when I go back, I said, God, what, what do we, you know,
- 4:50every single client loss, every time something went wrong, I
- 4:54would feel that very painfully. Every single member of staff
- 4:58that I lost, I would feel it very painfully.
- 5:00I'd try and fight for them. And, and I think all those
- 5:03losses, you know, you feel it because building a business is
- 5:07in your DNA. And it was very personal and I
- 5:09took everything very personally. And I think one of the lessons I
- 5:12learned when I had a very good chairman who would say, look,
- 5:16this, these things are going to happen.
- 5:18Losses, some failure is what comes with growth.
- 5:22You have to lose to win. You know, you can't just always
- 5:25be winning. And actually you just learn to
- 5:29deal with the losses and they become smaller and you stick to
- 5:32the vision and you just learn to accept that loss and failure and
- 5:37things not working is just part of, you know, growing forward.
- 5:41So there's probably a few major things that have happened that,
- 5:43you know, are really my lowest points.
- 5:46But you know, in terms of losses, I don't, I don't see
- 5:49them like that. I think that's a very positive
- 5:51mindset to have and also very true to a lot of entrepreneurs
- 5:55via know as well. In most times when you're at
- 5:58your lowest, who did you lean on to get you through that?
- 6:02OK. So, you know, the lowest point I
- 6:04think was one year in where I actually had a great maternity
- 6:08leave. You know, I, the beginning was
- 6:10like, this is amazing. My daughter's sleeping, I had a
- 6:13maternity nurse, I was working 3/4 of the time.
- 6:17I was really, really happy and things were going very well.
- 6:21And the problem started for me when she was about 6 months old
- 6:24when I was back in the office full time, feeling quite guilty
- 6:27about not doing the dinners I was doing before, feeling like
- 6:30everyone expected me to be exactly the same CEO as before.
- 6:33So challenging that at the same time, at six months old, my
- 6:37daughter got very ill, went into hospital, lost a lot of her
- 6:41birth weight and suddenly I didn't have a good sleeping
- 6:45baby. I'd lost all my support that I'd
- 6:49had during my maternity leave to mean I could work and have if at
- 6:53home all the time. And suddenly I was like, oh, we
- 6:56both got ill. We both got a bad parasite
- 6:59illness and was I was sleeping probably 2 hours a night looking
- 7:02after her working. The whole thing became awful and
- 7:07consistently my 2 hours a night turned into you know, I was
- 7:11falling over in the road. I just couldn't function anymore
- 7:15and I had to go to the Doctor Who's like you, you have to be
- 7:17in bed for two weeks. So went off, went to bed for two
- 7:20weeks, still was working because my brain was still working, but
- 7:23I had no energy to eat more down the stairs for two weeks because
- 7:28I was so tired. And I think what that tells you
- 7:32is look, there's, there are a few things going on.
- 7:34One is you feel so guilty, your life's completely turned around
- 7:37and you need to fit into a new box.
- 7:40You've lost your whole identity. Things are coming in from all
- 7:43angles. There's lots of things to
- 7:45process while you don't have any time to process it.
- 7:49So I think the big thing for me and the thing I did then and
- 7:54then the learning I've taken ongoing is you need help, you
- 7:58know, you, you have to ask for help and I'm rubbish asking for
- 8:01help. So for me, I tried everything.
- 8:04I tried every single approach to alternative staff, life coaches,
- 8:08yoga, everything. And the two things with the
- 8:11transformational for me, one, I went to this amazing yoga
- 8:14teacher who did life coaching yoga at the same time and I
- 8:17can't even quite explain it. And she tried to think about how
- 8:21you train your thoughts. And this was at the point where
- 8:23I was thinking the only way out is to sell the business because
- 8:26I can't do this. I can't do this any longer.
- 8:29By the end of one hour. And I only went to see her for
- 8:31the first time the hour before the end of the hour, she said OK
- 8:35and managed to get my brain so slightly calmer to say, do you
- 8:39want to sell your business? And I instrument no said OK, so
- 8:43everything else is noise. Your brain when you're
- 8:45overwhelmed, your brain is sending you thoughts that are
- 8:48super unhelpful. If your answer's no anything
- 8:52else that comes into your head that's like, can I do this?
- 8:54Can I sell the business? What am I going to do if I sell
- 8:56the business, What happens? You're in that state.
- 8:59She managed to just close that thought of do I want to sell the
- 9:04business? No, I don't.
- 9:05OK, so how do I solve my problem?
- 9:08And but almost instantly all the noise to do with what happens if
- 9:13I have to sell the business was gone.
- 9:16So that was one thing like calming your brain down.
- 9:20Then I went to see Geeta, who's now my coach and has been since
- 9:24then, like 10 years ago. And I actually went to see her
- 9:27about something completely different.
- 9:28And what we realized at the end of this was, OK, you don't want
- 9:31to sell the business and you don't need to go on a weight
- 9:34loss program to feel better. What you need is how are you
- 9:38going to function well building a business, being a mom and not
- 9:43driving yourself into the ground.
- 9:45And I remember at the end of the hour with her, she promised me,
- 9:49she said, look, I will if you're on this coaching program, I will
- 9:52help you work less hours, that you'll be more productive and
- 9:56you'll make more money. And I thought very unlikely
- 10:00eater, but you know, if I feel a little bit better, I'll give it
- 10:04a go. And a year later, honestly, I
- 10:07was working less hours, but I was achieving more.
- 10:11I was more strategic, I was more productive, I was happier.
- 10:15And I just did not believe that was possible.
- 10:17So I think for me it's finding what works for you, but it has
- 10:22to be someone else supporting you.
- 10:24Coaches I think are amazing. I think other alternative, you
- 10:29know, forms of help and support to help you through it, which
- 10:33can be ongoing or one off are massively important.
- 10:37And then once you're through the really tough times and realizing
- 10:40that they're always going to come, they're always going to be
- 10:42those times when your brain is telling you no, no, no, you
- 10:44can't do it. You've got to find those
- 10:46thoughts, get the clarity, and then build in a schedule where
- 10:51you can always find that clarity and space.
- 10:55So when my thinking goes off, it's because I'm too
- 10:59overwhelmed, I'm too stressed, I'm too busy, and I've got no
- 11:04clarity of thought. So then I lose all sense of what
- 11:09I'm doing to get back to that focus of OK, what's right,
- 11:13what's wrong? Should I be here?
- 11:14Should I not? Should I ask for this?
- 11:16Should I do not do this? Am I going the right direction?
- 11:19I have to find the moments of clarity.
- 11:22And through that next two years, I found what worked for me, for
- 11:25clarity. And that's not the same for
- 11:27everybody, but I found where I find calmness.
- 11:30I found the, the things that trigger me to go into this cycle
- 11:36of overwhelm. I started to learn when the
- 11:39triggers are hitting. And I've got some funny stories
- 11:42about, you know, how I, how I notice when that's happening
- 11:45now. But I now do notice and I then
- 11:48get the support and help when I know that I'm going down that
- 11:51process or when something is going to get tough and I ask for
- 11:55the help. Thank you very much for sharing
- 11:59that. Sam, You were the first female
- 12:01CEO of a City stock breaking firm.
- 12:03And I believe from some of my peers who are working in
- 12:07corporate finance or in the city at the moment that there's still
- 12:11a gender parity to be reached. How do you say that that has
- 12:15evolved over the course of your career?
- 12:17Well, if you think about when I start, you know, God in the
- 12:21early days. So when I first did my work
- 12:23experience, which was when I got hooked on the city, I was 17, I
- 12:27went to a state school. So you have no contacts.
- 12:29And I managed to find some who was my choir master.
- 12:32Actually, I was in the choir and he was in the city and I said
- 12:36I'll get your day's work experience in the Commodity
- 12:38Exchange. So I went up to see him, went
- 12:40across to the Commodity Exchange and you know, it was I, I
- 12:43thought it was amazing. But as I walked in, age 17, you
- 12:46know, my little suit, feeling all excited, I walked into
- 12:51everything. It was open out cry then, so
- 12:53everyone's shouting prices everywhere.
- 12:55There was one woman in the whole place.
- 12:57Everyone else was male. They all had these little boxes
- 13:00with lots of pastry girls and naked pictures stuck up on the
- 13:03walls. And as I walked in, they started
- 13:06barking like literally like a like dog barking.
- 13:10As I walked in, I looked back to that and think, Oh my God, so
- 13:14much has changed since then. That would not happen.
- 13:17But then back then, did it put me off?
- 13:19No. Did I think it was a bit odd?
- 13:20Not really. I think I just thought, oh God,
- 13:23this is, you know, this is fine. How do I make the most of this?
- 13:26They were very nice people. You just have had to get on with
- 13:30it and join in and join in the fun.
- 13:33And I almost be part of the boys club.
- 13:37That's how it was back then. So if I think that's how it
- 13:40started, God, you know, how how has it moved on it massively,
- 13:46massively. But then I look at other things
- 13:49where I look at how power runs right at top level, how
- 13:53governments run, how regulated it, where, where decisions are
- 13:57made. That is still predominantly done
- 14:01by white men, you know, generally from a privileged
- 14:04background. So there is a lot of work to do
- 14:08where power lies, where all the decisions are made in terms of
- 14:13getting more representation across the board from
- 14:16particularly, you know I went to state school, particularly from
- 14:20state school backgrounds, particularly for women
- 14:22particularly just different ways of thinking.
- 14:25So you avoid this group think and I think banking and
- 14:28financial services is one of the sectors that has moved on lease
- 14:32into more representative views, less group think.
- 14:37So I think they do lots of things, but they pay lip service
- 14:40to a lot of it. And I I don't see serious change
- 14:44in leadership around culture, where culture is really driving
- 14:51what I think is important to avoid Freethink.
- 14:56I'm picking on the point that you mentioned about culture when
- 14:59I was doing some research into you, I know so all your
- 15:02achievements. What really struck out to me was
- 15:05actually you mentioning that it was inclusive culture and staff
- 15:08ownership that really were were the drivers of Think Caps
- 15:11success for someone who LED that company as the CEO.
- 15:15What does inclusive culture actually look like in practice
- 15:18on a business? Is scaling quite fast and also
- 15:21under a lot of pressure? So for us, you know when we
- 15:24started, so you know, those early days when I was building,
- 15:27it was just me and a small team. So we didn't think about
- 15:29culture. We were just doing it in the way
- 15:31we wanted to do it and I wanted to do it differently.
- 15:33When we did the buyout, by that point we were 3,000,000 turnover
- 15:37and we had about 25 staff. So at that point we were
- 15:41separate. We called ourselves think out.
- 15:43We had a separate identity. I became CEO, so I went from
- 15:46running a team to running the whole thing, being the CEO.
- 15:50And then you start thinking, OK, right.
- 15:52Well, how, how is this actually working out this, you know,
- 15:56culture thing? And back 20 years ago when we
- 15:58did that, culture wasn't a word. It wasn't, it wasn't something
- 16:02people were used to. They didn't talk about it.
- 16:04There were no culture consultants.
- 16:06There were books on culture. There was a nothing.
- 16:09So we didn't use the word culture.
- 16:11We would just talk about work, valuing people, how we wanted to
- 16:17structure you, how decisions are made, how we wanted ownership to
- 16:22work, how we wanted openness to feel.
- 16:26What was really great about that is you didn't have to write.
- 16:30Write. What's our culture?
- 16:31Let's write it down. It wasn't like that.
- 16:34So we just started to do what felt absolutely right, which
- 16:38was, well, if you've got the happiest people in your team, if
- 16:42they love coming to work, if they love what they do, if
- 16:45they're driven by something more than money.
- 16:48So they're driven by helping these companies grow our
- 16:51stratum. I was helping ambitious
- 16:52companies grow. So we wanted people who cared
- 16:54about the businesses that they saw when they raise money for
- 16:57them, they're actually creating employment, They're creating tax
- 17:00revenue, they're creating jobs. You know that it's, it's a
- 17:04really important thing to do. You're helping society.
- 17:08We just looked at it completely from a different way.
- 17:11We would just want people to be happy.
- 17:14Happy staff means they're more productive, they join the
- 17:17vision, they're included in the vision.
- 17:19So everything that I worked on for the next 20 years was how
- 17:24can I make people the happiest they can be at work and how can
- 17:29I use that to help the companies that we want to advise grow.
- 17:33And that resulted in profits. Culture just morphed into
- 17:39something that I now call inclusive culture.
- 17:41But it was just around what we felt was right, how we should
- 17:44treat people. And our goal was to be, you
- 17:49know, a different sort of bank. We wanted to be an investment
- 17:51bank that treated people well, that listened to people that
- 17:55didn't hire a fire, that wasn't full of testosterone, where
- 17:59people came to work because they cared about something more than
- 18:02money. And that's where it came from.
- 18:04And that's why I think culture comes from top, and it comes
- 18:07from someone's belief in how they want to work.
- 18:11And if you start writing down too much and you're based on the
- 18:13detail, you lose the heart of what you're trying to create.
- 18:17I love that. Thank you for sharing.
- 18:20On the morning of the IPO of Think App, what was going
- 18:23through your mind, the IPO that was actually linked to an
- 18:27acquisition of another company. So I felt like there must have
- 18:30been a lot going on in the background and I'm really
- 18:33curious to understand how you felt on that day.
- 18:35Well, it was a tough IPO because the time we decided to do it,
- 18:40December 2018, is always tough to IPO.
- 18:42It's not a good idea to buy a business and IPO at the same
- 18:46time. 1 conditional on the other, but we were doing that as
- 18:49well. But the market was very, very
- 18:51difficult. So it was the time when the
- 18:53government was losing MP's left, right and center and the
- 18:57government was collapsing. So most people were pulling
- 19:00their IPO's. So we were at a point, we had
- 19:02this deadline of the 5th of December.
- 19:04We'd had that planned that day from the start and we were
- 19:08organizing everything around that date.
- 19:10And then the market was getting worse and it was more difficult
- 19:13to raise the money. And at many points, why are we
- 19:16going to get this done? So by the time we'd actually
- 19:19done it, I was so tired, just relieved that we'd raise the
- 19:24money. We've done the deal.
- 19:25It was six months of absolute brutal work, particularly the
- 19:30last two weeks when everything's going on.
- 19:32I didn't think about it too much until the morning I walked in to
- 19:36the Stock Exchange and, you know, you're just like, oh God,
- 19:40everyone's here. We've acquired the business,
- 19:42We've spoken to the team. We're all going to go to the
- 19:44stock market and we're going to watch our, you know, share price
- 19:47come up on the the big screen. And when I walked in, you know,
- 19:51you're just like, thank God we did it.
- 19:54Thank you. It's just relief and you're
- 19:57exhausted. I walked in and you see your
- 19:59business's name flash up. Everything's branded your
- 20:04colours, everything's about your firm.
- 20:07And I walk in and see it and I've walked into the Stock
- 20:09Exchange many times to see other people's IPO.
- 20:12But when it's yours, I actually started to get, and I'm not a
- 20:15Cryer, I started to get very choked up.
- 20:18And I think that's, you know, you just take those split
- 20:21seconds of going, this is 20 years of work.
- 20:24We are actually IPO ING ourselves.
- 20:26We're actually like, when listed you, that's a big deal.
- 20:30And it was so emotional, way more emotional than I thought
- 20:34and a much bigger event than I thought in my working career and
- 20:38probably one of the proudest moments of my entire life just
- 20:42seeing the fact that we got there.
- 20:45The other thing, it was my daughter's nativity in about an
- 20:48hour's time after that, and I had to rush because I'd missed
- 20:51the previous years. So that was all I had a
- 20:53motorcycle outside to get on to get to her nativity in time.
- 20:57So, you know, it was also a weird day of, right, OK, let's
- 21:03get this IPO done and let's, let's get to the nativity as
- 21:06well. But it was a hugely proud day.
- 21:09And it makes you realize, yeah, how an IPO, just such a major
- 21:15event in a corporate life. It's so beautiful how you were
- 21:19able to make in time to go to your daughter's nativity players
- 21:22one minute to. Spare, one minute to spare and
- 21:26that's why it was an amazing stage.
- 21:27It's like I've appeared my business, I've celebrated that
- 21:31you get there at half seven, the market opens at 8:00 and I was
- 21:33straight on a motorcycle, straight to my daughter's
- 21:36running in, in all my work suits and get to the front row and she
- 21:41walked in. She was actually first, she was
- 21:43a little sheep walking on 1st and I probably had less than a
- 21:46minute to spare. But you're like, I've actually
- 21:50done both. I've IPA my business and I've
- 21:52got to my daughter's nativity and I can't really decide which
- 21:57is the better feeling. But the best feeling was the
- 22:00fact that I did base and I made both work and that can that can
- 22:05fit together. It was it was a bonkers day.
- 22:09That's incredible and I'm with you.
- 22:11I think it's the fact that you managed to do both that's pretty
- 22:14impressive. At the same time of you building
- 22:16your company for the, you know, over 2 decades, you also had
- 22:19commitments to your family, to your children as well.
- 22:22I'm not going to ask about balancing work and family, but
- 22:25how did you find it personally in terms of giving different
- 22:28parts of yourself to work honestly to your family?
- 22:32Oh, it's a mate. It's a major struggle.
- 22:34You know, when I have my daughter, which was 2014, the
- 22:39first two years were rough. You know, I was working very
- 22:42hard trying to get back to normal.
- 22:44And I was actually the first female in our office to have a
- 22:47baby. So I was trying to write the
- 22:48maternity policy while my bulb were telling me I was
- 22:51conflicted. It's like what there's no, no
- 22:54man had a baby then in their family.
- 22:56It was, it was completely bizarre.
- 22:58So I'm trying to set the role model standard while going
- 23:01through myself for the first time.
- 23:03And it was very different to how I expected it to be.
- 23:07And I realized I think then that balance is different for
- 23:11everybody. There isn't really a balance
- 23:13thing. What I think we find as women is
- 23:17there are moments in your journey at the early stages of
- 23:21having a baby definitely, but then later and later with age of
- 23:25parents here, when you have these responsibilities, they
- 23:28come in small windows of time. But whenever your window is
- 23:33where you need support, you need your corporate employer to
- 23:37support you. And that is very much a one to
- 23:41one case. You might have an I'll child,
- 23:43you might have a child that sleeps from day one.
- 23:45Now you don't know what it's going to be like and you just
- 23:49need to support someone through it.
- 23:52And I have moments where probably 3 or 4 moments where I
- 23:55thought I can't do this anymore, I can't, I can't do everything.
- 23:59I'm broken. Particularly after sort of year
- 24:021 was the work probably the lowest, lowest point and you get
- 24:06help, you get through it. But I think there was a real
- 24:11sense of, to me, I'm feeling so guilty that I'm not doing what I
- 24:14was doing before. But on the other side, I am the
- 24:18role model here. If I don't do it and take on the
- 24:23criticism and take on the guilt, and you know, if I don't do make
- 24:28this work in a way that is going to work for other people, how is
- 24:32anyone else going to do this? What I struggle with the most is
- 24:37not just finding the balance, but being able to live the
- 24:40balance and still feel like you're a good boss and still
- 24:45feel like you're a good mom. What I call the guilt threshold
- 24:48is trying to manage your own guilt threshold.
- 24:50So you can do your job and you can look after your daughter
- 24:54well, but do it in a way that you just don't feel guilty when
- 24:58other people aren't doing it. That's quite tough.
- 25:02From what I'm hearing, Sam, it sounds as though one of the
- 25:05things that got you through those times was actually your
- 25:08desire to pave the way so that women who come after you are
- 25:12able to follow a good example and have the support that you
- 25:16had really thought to have set up for them.
- 25:19How are you teaching your daughter?
- 25:21To lean into. Her own clarity of thought.
- 25:25My daughter appears to be the expert in chilling out and
- 25:30relaxing, and I've learned probably more from her than
- 25:34she's learned from me. A couple of years ago when she
- 25:37got diagnosed with dyslexia, and as I was doing all the work with
- 25:41her, it's like this is looking familiar.
- 25:45And then I realized I was dyslexic and, and then
- 25:49everything falls into place. What is fantastic is when you
- 25:53realize that you're just, let's say you've got ADHD, you've, you
- 25:56know, you think in a completely different way to other people
- 25:59and you understand it. Things piece together.
- 26:03But what she has automatically done is managed to switch off
- 26:07from that. At school, she was doing a few
- 26:09clubs. That was a bit overwhelming for
- 26:11her. We cut all her outside clubs
- 26:14apart from 1:00 and she just has that still time for some reason.
- 26:19It's, it's worked for her that she finds a lot of space to just
- 26:25do nothing and to think. And that's made me relax and try
- 26:30and do nothing and, you know, not be in that doing, doing,
- 26:34doing mode. Actually just be in the present
- 26:38nothing, nothing mode. In a funny way, I've learned way
- 26:43more from her in that and I'm probably much more conscious now
- 26:47of oh God, you know, she's, she needs to see me calm.
- 26:51And when I'm out of whack, she's out of whack.
- 26:53And if I'm feeling discombobulated and a bit upset,
- 26:57her behaviour goes a bit strange.
- 26:59You realize actually the Turin tandem, when I'm calm, she's
- 27:03calm. When she's calm, I'm calm.
- 27:04Both of our calmness levels really impact each other, which
- 27:10helps us to focus on being calm. And now it's my my greatest
- 27:15strength to remain calm at all times when that wasn't always
- 27:20the case. That's a superpower.
- 27:23And I also think it's so beautiful how you described it,
- 27:25how a person's peaceful state can really radiate and affect
- 27:30the people that they love and the family around them as well.
- 27:33How do you feel that becoming a mother has affected your
- 27:38leadership style as a CEO? I don't think it's changed my
- 27:41leadership style because I think I've always had a very, very
- 27:44clearview of how I want to lead and which is doing it my way.
- 27:49And I've become more authentic to me, which is something I've
- 27:51had to grow and learn. But what has been great about
- 27:55being a mum, and as I said about being coached with Geeta, is
- 27:58because you've got lots of things going on, you have to be
- 28:01focused. So I've become, as a business
- 28:04has grown and I've become a mum, more focused on what's critical,
- 28:08better at saying no to things, better at boundaries, better at
- 28:12working on the things that only I can do and delegating
- 28:16everything else, more organized, more productive with my time,
- 28:20not faffing around wasting time. And I think that's what being a
- 28:25mum and having to do a lot of things and manage things, it
- 28:29helps you to prioritize what matters.
- 28:32There's no way I would be as good a CEO as I am now, or as
- 28:36good a leader if I wasn't a mum, I don't think.
- 28:40And now you're the Co founder of Super Scalers and you work with
- 28:43a lot of high growth, high potential businesses in the UK.
- 28:46How did that come about? Because you know, from an
- 28:50outsider's perspective, you are someone who led a financial
- 28:54company to an IPO. Why did you choose to start with
- 28:57Super Scalers and work with other growing founders?
- 29:01So I think it's from my experience.
- 29:03I spent 24 years building a business, you know, I had no
- 29:06background in building a business.
- 29:07My mum was a nurse, my dad was a computer engineer.
- 29:10I went to state school. I had very ordinary childhood.
- 29:13I didn't have any network whatsoever.
- 29:15So when I got into the city, I dread the first question of Oh
- 29:19my God, what's your dad do? Where did you go to school?
- 29:21Like you don't fit in. I built the business from a
- 29:25place of not feeling like I'm worth very much not feeling my
- 29:29value, you know, trying to do it because I'm, I really wanted to
- 29:33focus on my mission, but never feeling like I was probably good
- 29:36enough for as good as other people because it wasn't the
- 29:39same. And so by the time I got to the
- 29:42end, I started to feel like, OK, I've got this now I've built
- 29:46this business, it's gone over 50 million revenue with IPO.
- 29:49This is good. And finally people were taking
- 29:52you seriously. So I was very keen that in a
- 29:58building business of size, it not only helps you make more
- 30:01impact, it helps you get your voice heard and gets you taken
- 30:05seriously. So that was some part of it.
- 30:10And on leaving, when I wanted to do lots of different things and
- 30:13champion entrepreneurship, championing the voice of the
- 30:16underrepresented founder, what I found very quickly was do you
- 30:21know what the the one way I could really help change the way
- 30:25decisions are made and change what power and influence looks
- 30:28like is helping underrepresented families build big businesses.
- 30:33Because that's how we get a seat at the table and that's what I
- 30:39can actually help do. We set up the Super scalers.
- 30:42It was a mission firstly to find out how many women in the UK
- 30:45ever built business plus 50 million.
- 30:47That took two years to find the data.
- 30:50It was 80 women a year ago. It's now 144 women, so it's
- 30:55growing really, really sharply, but it's still a low number.
- 31:00What we're doing with the Super scalers is to get a community
- 31:03together of aspiring super scalers that are at 1,000,000
- 31:06turnover to 50 who want to be at that 50 million plus level.
- 31:10And we are giving them the playbook to super scale.
- 31:13So we are helping them work out how they can scale, how they can
- 31:18do it quickly and quicker than I did it and basically saying
- 31:22look, what did we want when we were scaling and we had no
- 31:25network and no one to talk to and not know what we were doing
- 31:28and not believe in ourselves or just carry on doing it.
- 31:32What would we have wanted when we were scaling?
- 31:34What could have helped? What could have put something
- 31:36around us to say you could do it quicker?
- 31:38What would have helped us avoid the pitfalls?
- 31:40This is the community that we would have wanted when we were
- 31:43scaling. So it's very exciting.
- 31:45You know, there is a playbook, we've written the playbook.
- 31:47Now we're getting the courses ready which are going to be
- 31:50launched in March. Super Scalers is a community
- 31:54that people can join if you're over £1,000,000 revenue and
- 31:58building a business. And we just want to showcase as
- 32:02many founders as possible that are scaling, that have been
- 32:06there and done it to encourage the next group that are coming
- 32:10through. So then we can change the system
- 32:12because we know what they need, we know that they're doing it
- 32:15differently and we can start to make a real difference.
- 32:18It's a mission driven project. What did you learn about
- 32:21yourself over the course of creating this community and
- 32:25working with your group of founders?
- 32:27And I'm a great self-awareness person.
- 32:30I think self-awareness is the most important thing to building
- 32:32a business and being an entrepreneur.
- 32:34You've got to work out what you're good at, what you're not
- 32:36good at. And you've got to be willing to,
- 32:38you know, find find things that are going to help you work on
- 32:41the things you're not good at. So every year I find something
- 32:44that pushes me out my comfort zone.
- 32:45Every year I find a bit of me that I didn't know before and
- 32:49that I need to work on that. That's why Coach is so important
- 32:52that I've got really good at building a business.
- 32:54I'm really good at all the things that technical about
- 32:58building a business, how to scale.
- 33:00What I hadn't done during that time was work on me.
- 33:04And suddenly when you're not running a business and you're
- 33:07just you and you're going on boards and you're just selling
- 33:10you and Superscalers is just me selling me like I can help you
- 33:14build a business, Those insecurities pop up all over
- 33:18again. So even though I'm scared to big
- 33:20business, even though I've appeared a business, I say to
- 33:23people, I still have all these insecurities that I was not good
- 33:26enough. I don't value myself properly,
- 33:29You know, should I be at the seat at this table?
- 33:31Can I actually coach this course?
- 33:32Oh my God, what people going to think of me?
- 33:34So I've had to go through again all these things and peel the
- 33:38layers back again and go right now I need to do the work on
- 33:42myself. And I've realized if I'd done
- 33:45that work while I was building Fincap, Oh my God, I could have
- 33:50done way more than I ever did with it.
- 33:53I could have done things so differently, so much faster if
- 33:57I'd worked on myself and overcome some of those things
- 34:01that I'm only just dealing with age 50.
- 34:05So, you know, it's a, it's a work in progress and, and I love
- 34:09that about, you know, life that you, you're constantly finding
- 34:13out new things. But it makes me more passionate
- 34:16to help female founders, particularly and
- 34:19underrepresented founders from different backgrounds that don't
- 34:21feel the system is working with them, to just feel more
- 34:25confident, to value themselves more, to realize that everybody
- 34:30who's up there that you see running these big businesses and
- 34:32you think is not like you, is just like you.
- 34:35And you're no different. And I think it's taken me this
- 34:38long to work that out because I'm finally meeting them.
- 34:42And I go, oh, you're a CEO for FTSE 100 company.
- 34:46You're no more impressive than my entrepreneurial friend who's
- 34:50just got 2 million revenue. And for some reason in my head,
- 34:54I thought that was not the case for so many years.
- 34:58And the more people I can get to believe that, the more I can get
- 35:03them to value themselves and to to believe that they can build
- 35:08to create more businesses for people to start the ecosystem of
- 35:12investment so they can give back know to create more communities,
- 35:16to create more role models for girls at school, to see building
- 35:20big. The things I'm learning now are
- 35:22probably most useful to the work I'm doing to help super scalers
- 35:26grow. I find it really refreshing to
- 35:29hear you say very honestly about how you still experienced in
- 35:33process syndrome even after having IPO to business.
- 35:37It seems like the work that you are doing with the Super scalers
- 35:40community and of course ISM. I found this, it's your part in
- 35:43setting about systematic change so that there can be more
- 35:47successful women entrepreneurs in the UK.
- 35:49And I just wanted to say thank you for doing that, Sam, It's
- 35:52been a pleasure to have you on the Low to Grow podcast.
- 35:55Let me end by asking you our podcast staple, which is what is
- 35:59one thing that you believe will allow more people to have better
- 36:02mental health? Well.
- 36:05If I've only got one, OK, So I think the best piece of advice
- 36:09I've ever had for my mental health is, and it's very
- 36:12personal to me, but when you use the word should in your head,
- 36:17will you say it out loud, that probably indicates you're under
- 36:20pressure and you might not be doing the thing you want to do.
- 36:24So whether it's I'm saying to myself, I should be at that
- 36:26event for Aoife, I should be going to this dinner because all
- 36:31my clients are there. I should be working harder.
- 36:34I should be here. As soon as I hear that word
- 36:37should it starts ringing alarm bells now.
- 36:40OK, No, this is this is an expectation of me.
- 36:44It's a pressure. It's not what I want.
- 36:47The should thing has to be the alarm bell that you probably
- 36:50shouldn't be doing what you're thinking in your head.
- 36:54So that should word. It's like noting when you say I
- 36:57should is a real red flag. And I have to add, getting a
- 37:01coach, getting regular check insurance is is just
- 37:05transformation of mental health. And there are really good ways
- 37:09to do that now. And we're actually launching
- 37:11something with super scalers for early stage founders very cost
- 37:14effectively where they can get access to good coaching because
- 37:18I, I believe that is a game changer.
- 37:21So that's two things. Sorry, I've got 1 cheeky in as
- 37:24an extra. Please don't apologize, you will
- 37:26not be an entrepreneur if you didn't try to over deliver.
- 37:30What a wonderful piece of action went.
- 37:32Advice about noting when we are telling ourselves that we should
- 37:36be doing something, and we've been really taking a space to
- 37:38delve into why we think that we should be doing it, and also
- 37:41just assessing critically does actually matter.
- 37:44With what I want to. Do does actually align with what
- 37:46I want to do with myself right now.
- 37:48So thank you very much, Sam. It's been such a pleasure.
- 37:51Thank you for listening. You excited for the next
- 37:54episode. Follow Load to Grow podcast on
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