Latest / The Christian Reeve Podcast / James Barnes (CEO Of Statuscake) | The Christian Reeve Podcast | #71 |
Transcript
- 0:00It's another episode of the Christian we've podcast, but
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- 0:15I love doing this and I love all of you that support me.
- 0:19So thank you. And yeah, let's get into this
- 0:22podcast, shall we? Boom.
- 0:25Hello. And welcome to another episode
- 0:27of the Christian Reef podcast. Today's Guest is the CEO and
- 0:32founder of status cake. It's described as one of the
- 0:35world's leading website uptime Monitoring Solutions companies.
- 0:41Welcome to the show. James Bond's, how you doing?
- 0:45Thanks Christy and thanks for me on the show.
- 0:47Yep, good to meet you. Good to meet you, too.
- 0:49Thank you for agreeing to do this.
- 0:51I know obviously being a business owner.
- 0:53You're obviously very busy. And try four times, It's tricky
- 0:56tricky to find time for stuff like this.
- 0:58But, uh, Appreciate it sincerely.
- 1:01So thank you. Let's yeah, let's jump straight
- 1:04into state is cake. Tell us a little bit about what
- 1:07state is cake. Actually offers businesses and
- 1:10how it came to be. Yeah sure.
- 1:12So we've been around quite a while now I guess in the grand
- 1:16scheme of things so we stood. Yeah absolutely exactly.
- 1:20So we founded the business in 2012-2013 so yeah we ran uptime
- 1:27monitoring Services, you said and I guess In a nutshell, what
- 1:30we do is we alert our customers when their website goes down and
- 1:35then give them the data to establish.
- 1:37What went wrong. Why did they cite go down in the
- 1:39first place? So I guess the question I would
- 1:42ask is why is that important to a website owner?
- 1:45I guess three things rarely its reputation rankings and revenue.
- 1:51So if someone comes to your website and it's down instantly,
- 1:55you know, that's not good for your reputation.
- 1:57It's so easy in an online world, too.
- 2:00Click away to someone else. So it's your reputation last is
- 2:03the last sale. And, you know, it takes so much
- 2:07time to get into Google and rank to be found in the first place.
- 2:10But Google doesn't like sites that are down, so it can impact
- 2:14it can impact that as well. So in a nutshell, that's what we
- 2:16do in it. Sound so easy in practice and
- 2:20that was one of the things that really appealed to me and it in
- 2:22the first place about building this business, it was for the
- 2:25first time in my life that Jabra business.
- 2:27I could describe to my parents and they got it.
- 2:31But yeah, as the years have gone, obviously it's got more
- 2:34complex and so on and so forth. But the concept remains, you
- 2:38know, pretty simple. So I got a couple of questions
- 2:41springing out of that and I, you know, this always happens when I
- 2:44have interviews with guests, you know, I sort of ad lib on the
- 2:47fly, but given that I've got some experience actually working
- 2:50in marketing, in the field. I do actually have some
- 2:54experience with technical side of things with website
- 2:57monitoring in that and I came across Sites such as hot jar, I
- 3:01think the company was called and other systems like that.
- 3:04So for those who don't know, basically hot jars, the system
- 3:08which allows you to sort of record user sessions in real
- 3:13time. So anytime someone is clicking
- 3:15on your website and going around on the website it shows you sort
- 3:19of how they're using the website, how they're interacting
- 3:22with the website and which particular areas they're
- 3:25focusing on and so on and so forth.
- 3:27So how does you know? Your company relate to that, is
- 3:31it similar? Is it very different?
- 3:33You have your own system like tell us a little bit more about
- 3:35that. Yeah, sure.
- 3:37So that's why I love hot dry. Think they are a great business
- 3:41and actually one that I admire just in terms of how they run
- 3:43this much as their software. But so hot jar really is about
- 3:47understanding when a visitor comes to your website, how they
- 3:50interact with the site. So as you said you can watch
- 3:53videos how the customer interacts you can look to see
- 3:56where they're having troubles. So they trying to click
- 3:58something that looks like a butt.
- 4:00The nascent. It's all about helping people
- 4:02convert from a visit to the website to a paying customer or
- 4:07whatever your measure of success is we're all about though from
- 4:12our point of view is helping the business owner ensure that their
- 4:16site is up in the first place. So we're that kind of that stage
- 4:20before. If you like you know hot jar is
- 4:23about analyzing how they interact with your website.
- 4:25We're all about making sure your website is up in the first
- 4:28place. So, you know, but, you know,
- 4:32it's not just about down time, you know, I'm, I'm a keen Runner
- 4:39and the London Marathon ballot results came out the other week
- 4:42and everyone's clicking to get on there.
- 4:44And there were two issues. One, the site was down at
- 4:48certain points, but other times, it just took a long time to load
- 4:51and it's that customer experience.
- 4:53That's just pretty Dreadful. Isn't it where you get to a site
- 4:56and Italy takes time and time and time and is Much you care
- 5:00about the brand that dictates how long you hang around before
- 5:03you click away elsewhere. You know, it's funny.
- 5:06I had a guest on the show recently, and we were talking
- 5:08about how technology changes over time and I sort of it
- 5:12remain it reminded me of what the websites and the internet
- 5:16were like sort of in the mid-2000s you know when I was
- 5:19growing up with the internet as a teenager I've kind of
- 5:23Forgotten over time like how slow websites used to be.
- 5:27And there are certain videos on YouTube where People have done
- 5:30like sort of social experiments to see like can you live in that
- 5:34time using that technology. So there was one guy who did
- 5:36this really kind of setup. I think like Windows XP or
- 5:40something like that. Like in basically technology
- 5:43that would be appropriate for a round.
- 5:44That's a 2005 and straight away. The very first thing he said
- 5:49which was an issue. Was just the fact that it took
- 5:51so long anything to load. And I'd forgotten about this
- 5:55completely but it's true. Like back then it took probably
- 5:59a Good 5 or 10 minutes just for a full website to load even if
- 6:03it was a really powerful website like I don't know let's say like
- 6:08my space back in the day Facebook or something like that.
- 6:11It actually took a long time and there were this is a really
- 6:14weird hack but a lot of the time if you wanted to test like if it
- 6:19was a your internet or if there was another problem, you could
- 6:21go on a website such as the BBC website.
- 6:25And that would always sort of load like that very quickly and
- 6:28obviously if it didn't go very Quickly, there's a problem with
- 6:31your internet right? But it always kind of blew my
- 6:33mind, how there were certain websites, that would always
- 6:35loads very quickly but everything else just took
- 6:38forever. Now my point with this is that
- 6:40obviously over the years, you know, internet's just got
- 6:43faster, you know, we went from 3G to 4G.
- 6:46Now we got 5G internet and now I believe there's this kind of
- 6:50expectation in the market as far as, you know, anyone that's
- 6:53using the interface days, for web sites to load within, let's
- 6:58say, 10 to 20 seconds, you know, if it's Because I mean, tens 20
- 7:02seconds and they're gone. I mean, even at 2 seconds for
- 7:05every half a second, the percentage drop off is huge in
- 7:08this calculators online, where you can see if your, to speed
- 7:11up, your load by half a second. How much actually impacts the
- 7:15bottom line? I mean, I think the other thing
- 7:19will take for granted is that, you know, within the UK, you
- 7:22know, speed is pretty good. Although in saying that I live
- 7:25in the countryside and you know, my internet is like, dial up
- 7:28sometimes. Half half of your listeners,
- 7:32won't know what dial-up is, but, you know, I'm showing my age of
- 7:35it. But, you know, we have customers
- 7:37throughout the world. So you know, are big markets,
- 7:40are the US UK Europe. But, you know, we got a lot of
- 7:43customers in South America, Asia into Africa, where speed is
- 7:49pretty slow. So, you need to find ways of
- 7:52making sure that your site loads quickly, wherever your customers
- 7:56are and whatever device they're on, you know?
- 7:59Google. Now, you know is really keen on
- 8:03sites loading quickly on mobiles.
- 8:05You know, if you cannot get your cyclo quick on a mobile, Google
- 8:08won't rank you as highly. So, I think you're right.
- 8:11I think we, we've got used to site loading quickly and we
- 8:16expect it, but I think one of the things that has slightly
- 8:19changed is that? Because we've gone for Speed.
- 8:23So instead of all of the assets being on our website, now we pop
- 8:28them off elsewhere. So they store Toward their
- 8:31stored in repositories, if you like, so, they load quicker.
- 8:33But what that's meant is that we now have these different points
- 8:37of failure. So your website might be up, but
- 8:39if you're pulling in a payment Gateway, or maybe a font style
- 8:45or you're pulling your images in.
- 8:46If that goes down elsewhere, your website is still impacted.
- 8:50So I think as with all of these things, the issues today are the
- 8:55issues of yesterday but they just have a slightly different
- 8:57different feel to them. And one of the things that
- 9:01really interested me about this when I started learning about
- 9:04it, was that like, even little things like the up.
- 9:10And it's like, so if you take like images as an example, like
- 9:12I worked for a corporate company a couple of years ago where I
- 9:16was doing various different projects for them.
- 9:18And one of the things they asked me to do off the get-go as far
- 9:22as it pertains to this, like content audit.
- 9:23All I was doing was to actually basically take all the images
- 9:27that were on the website and put them through some sort of other
- 9:31website, where it would like to Kris the size or compress the
- 9:33size of the image files so that they would load faster and to
- 9:37me, yeah, it seemed like a very basic thing to do but it's
- 9:40amazing like, how much time that would actually save.
- 9:43And, you know, like just in general this idea of optimizing
- 9:48everything on your website so that it's much better for just
- 9:53general usability, I suppose. And the whole, you know, thing
- 9:56of like ux and UI is probably like Such a big part of business
- 10:02these days. And it always has been an
- 10:04important factor, but it seems like it's like probably the most
- 10:08important factor these days. Yeah, I think it depends on the
- 10:12stage. You are in your business as
- 10:14well. Apparently, it's become more
- 10:15established at the early days, thought about the hustle.
- 10:18It's all about going out. Getting those first customers
- 10:21and trying to keep going, keep going, keep going before you run
- 10:24out of money or energy and you know I think that's the biggest
- 10:28change for any business out there.
- 10:30But once you become established, you know your customers changes
- 10:34well they're no longer the early adopters that to be brutally
- 10:38honest, very forgiving and love you.
- 10:40All the claim to be established corporates who you know, they
- 10:44expect something to work. They expect it to work in a
- 10:47particular way and you know, particular in our early days.
- 10:52I know that the way we build stuff was quirky.
- 10:55It didn't behave in the way that perhaps it should and our early
- 10:58customers love. Because in a way that used to
- 11:02how it works, but we know that as we go on, we need to start
- 11:07behaving and having our site behave in a way that new
- 11:11customers who have never known this before, expect it to work.
- 11:17I think you're right. I think is incredibly important
- 11:20UI and ux is just back to, you know, there's so many other
- 11:24services out there. Why would you use a service?
- 11:26That's difficult to use when there's a perfectly good one.
- 11:29Down the road that does the same thing is probably priced
- 11:34relatively the same, but doesn't make you think to that?
- 11:37And that's the thing, like, when you were talking about that with
- 11:40regards to, like early adopters and some people staying around.
- 11:43I was like, well, maybe if they like really, really believe in
- 11:47the Bland in the brand, but I think the vast majority of
- 11:51people myself included, you know, if you don't get what you
- 11:55want from the products within the first couple of tries, but
- 11:58you said, you just move on to the next.
- 11:59Thing and you don't even feel like a sense of like loyalty a
- 12:03such a, unless you're like, really passionate about the
- 12:05brand for some reason. But like a lot of the time, you
- 12:08know, you can just find another alternative and there's going to
- 12:11be many, many, many Alternatives.
- 12:13But I suppose maybe another factor to this that's kind of
- 12:16acting as the, the opposite end of this is the fact that you
- 12:20know, some brands are more trustworthy than others.
- 12:24And, you know, like generally speaking you want to go with
- 12:27Brands. You've at least heard of Dove in
- 12:31a positive light, you know, I mean it's very scary to kind of
- 12:34steer away from the major brands and maybe go for an alternative
- 12:37that no one's heard of. If it's, you know, if you're
- 12:40using it for something, that's a big part of your business, may
- 12:43be like, for example, payment Gateway, something like that.
- 12:46Like you want to have, you know, maximum security with that.
- 12:50So that you don't kind of Miss manage people's details, you
- 12:54know, their financials and stuff.
- 12:55But, you know, I mean, for something like that, if I was a
- 12:58business owner, I would Probably just take the hit pay the money
- 13:02for the more expensive options just as I saw it.
- 13:06So I could secure that as opposed to taking a risk and go
- 13:09for a cheaper option just because it's, you know, there's
- 13:11an alternative. I don't know.
- 13:12I think some things you can take risks on and some things you
- 13:14can, I think you're right. And actually for me funny
- 13:18enough, the word trust, it's incredibly important is actually
- 13:21one of my themes for this year. We should try and have a couple
- 13:24of themes each year of I suppose things that we think we're
- 13:28important, I think. Trust now to the consumer and
- 13:31whether you're in, you know, the b2c space or whether you're in
- 13:36B2B, at the end of the day, you're still selling to a
- 13:38person. Yeah.
- 13:40And, and trust is incredibly important.
- 13:42As you said, whether it's, you know, that that trust is really
- 13:48difficult to, to build, it takes a long time, you know, but very
- 13:53easy to lose and, you know, I know that's been of a cliche,
- 13:55but it's, you know, it holds true.
- 13:59So, you know, I think everything you can do as business known
- 14:03from the point at which you acquire them.
- 14:05So even down to the answer that you showed, you know, don't
- 14:08start using ads that, you know, fly fast with the copy.
- 14:11You know, when you get into your sales site, make sure that
- 14:13everything on there is clear is not misleading.
- 14:16Make sure the sign up process, you know, you're instilling,
- 14:20trust safety security right from the start because otherwise,
- 14:24you're not going to get them past that first 30 minutes.
- 14:27They're like with you, the way I look at it is that like yeah and
- 14:31I remembers I heard this many years ago and I think it's
- 14:35especially Rings true now is that, you know the consumer has
- 14:38the power now. No longer does the business
- 14:40owners have the power. It's always the consumer that
- 14:43has the power and what I mean by that is that you know, we've got
- 14:47the internet now and the internet is a resource, if
- 14:49nothing else. So it gives you information, it
- 14:51gives you the ability to, you know, make decent comparisons
- 14:55between different businesses and different options, and such and
- 15:00Moreover, it gives you the ability to be more
- 15:02well-informed. So, you know, if you are looking
- 15:05at potential options either on a b2c or B2B level, you know,
- 15:10you're going to be looking at this and saying this doesn't
- 15:14meet up to my standards and it's like many, many years ago when
- 15:18we were in the market where, you know, customers just didn't
- 15:21know. You could easily steer them
- 15:23towards your product and potentially, you know,
- 15:25manipulating them. If you wanted to do that, you
- 15:28know, where's you just can't do that these days.
- 15:29Days, like the vast majority of people just know, and like,
- 15:34obviously, with other things, like, you know, the popularity
- 15:37of things like coding, and development and software
- 15:40knowledge. I mean, even myself, you know, I
- 15:42don't ever claim to be, you know, really, really well
- 15:46knowledge done computers. But I do have a very, I would
- 15:50say, a solid knowledge of, like, how to do certain things.
- 15:53And I've kind of realized that, like to some extent, it's a
- 15:58generational thing. I think, My generation and the
- 16:01generation underneath me as well have kind of grown up with a
- 16:05level of experience with the internet that you know, previous
- 16:09generations, just simply don't have.
- 16:11And, you know, that's not to say that older Generations.
- 16:14Don't, you know, use the internet.
- 16:16I mean, you run a business that literally is involved with in
- 16:18there. So it's, there's not like a
- 16:20complete cough there. But like, what I'm trying to say
- 16:23is that, like, People in my generation in the and the
- 16:26younger generation just know how things work and to give it a
- 16:30better example to illustrate. What I mean like when I was
- 16:33learning ideas school, it was unbelievably basic and I can
- 16:38tell you none of the stuff that I used back then I have used
- 16:42ever in my life, right? But like the systems that were
- 16:46in place back then and the systems that are in place now
- 16:49you're like everything is much easier to use.
- 16:52It's much more understandable, you know, I would Keith at user
- 16:55interfaces in general, just much better.
- 16:58So you know if you do want to sort of get involved with
- 17:01computers or run a business that is predominantly online, it's
- 17:05far easier to do so than it was in the past.
- 17:08You're right, there's so many resources out there.
- 17:11Customers do like to understand the product better.
- 17:15It's far easier. Now to spend 5 10 minutes
- 17:18looking at eight or nine products, and evaluating them,
- 17:23even at a technical level. But I think one of the things
- 17:25you touched on before, I don't think it's enough.
- 17:30Now, to just look at the product and compare one to the other
- 17:34people want to know more about the business and what it stands
- 17:37for. Yeah, I think, you know, we all,
- 17:40you know, we all know from a retail perspective, there are
- 17:42certain brands that we can relate to and I think it's the
- 17:46same and starting to be the same in the, you know, the B2B space
- 17:51as well customers. Now want to understand, You
- 17:56know, it's not about maximizing shareholder return anymore.
- 18:01I don't think it's even about this you know people talk about
- 18:04stakeholders now into the instead, don't they?
- 18:07But people want to know about your whole supply chain.
- 18:10They want to know what impact does, your supply chain have on
- 18:13the environment. How does it impact the people
- 18:16that work in your supply chain? And Big corporate.
- 18:21If you're dealing with big corporates, they certainly want
- 18:23to understand that because they all have big policies where they
- 18:26will require, you know, any of their suppliers to confirm that
- 18:31they, you know, meet all of these certain criteria and
- 18:34policies but an individual level I think people just want to see
- 18:37that. Now they want to buy from
- 18:39companies they relate to these interesting you say this because
- 18:42I feel like there were two sort of key audiences with regards to
- 18:47this. And what I mean by that is that
- 18:50Like yeah, I do see the same sorts of conversations.
- 18:53The same discussions on web sites like LinkedIn and Twitter
- 18:56where people are very, you know, conscientious of dealing with
- 19:00businesses and buying from businesses that you know, offer
- 19:03organic products or are ethically focused or have, you
- 19:06know, really strong CSR or whatever the case may be, right?
- 19:09But then, you know, then I look at other companies like Primark
- 19:13as an example. And I remember when I was at
- 19:15business school, this was a right around the time that, you
- 19:18know, Primark was under investigation.
- 19:20Ation by paranormal. If you remember the
- 19:22investigation, I'll just quickly cover it for our listeners.
- 19:25So, back here, in the mid-2000s Primark.
- 19:28Basically was stitched up by paranormal for having like a
- 19:34unethical business practices because they were operating, I
- 19:38believe a factory in Bangladesh or somewhere like that, and they
- 19:44just weren't treating the workers, right?
- 19:46And as we all know, like many of these companies who operate this
- 19:50business, Model where they're creating stuff very cheaply and
- 19:53selling it very cheaply tend not to have good business practices
- 19:59that you know they're not ethically concerned now they got
- 20:02exposed and they immediately changed their approach.
- 20:07And you know, if you go on the website even now they'll be like
- 20:09a tab there that says ethical trading and blah blah blah.
- 20:12So they did, you know, make an effort to change things.
- 20:16But the reason I bring this up is that around that time you'd
- 20:19expect are one No one's going to shop with them.
- 20:21No one's going to do business with them.
- 20:23Now, on the contrary, their sales skyrocketed after that,
- 20:28and it makes me think like yeah, a lot of people are making, you
- 20:32know, having these conversations and talking about being
- 20:34ethically focused and, you know, only buying from businesses that
- 20:38promote these kind of ideals. But the same time, you've got a
- 20:42wider majority, who don't care and will shop with them anyway,
- 20:46and that's where I think there's a couple of things.
- 20:48And I think, firstly, you know, The business can decide whether
- 20:52or not you want to wait until you are forced to buy a
- 20:55regulator make changes, or you can decide that you want to be
- 20:59ahead of the game. And, you know, I think a lot of
- 21:03businesses feel that they don't want to be ahead of the game and
- 21:06want wait for the regulator because.
- 21:08Yeah, as you said, we're Primark, their margins are so
- 21:11small. Well, that to me suggests that
- 21:15their business model is wrong. If I, you know it.
- 21:20It's not put it this way, it's not sustainable, you know?
- 21:26So you know, these businesses either have to change their
- 21:29model or they have to decide that if they get ahead of the
- 21:32game that it will actually improve their sales.
- 21:38I am a strong believer that, you know, if you are on the right
- 21:42side of this, that actually, it actually makes sense financially
- 21:46as well. Hmm.
- 21:48Yeah, I mean, I think you have a point there with regards to, you
- 21:51know, businesses kind of only decided to take action when they
- 21:55get caught which sounds really shady.
- 21:57But so many businesses do this, it's actually kind of
- 22:00mind-blowing. For instance, if you take like
- 22:03newspapers in the UK, many of them will.
- 22:06We'll print a story when they know they shouldn't because they
- 22:10have already figured out how many copies of papers.
- 22:13They're going to sell how much money they're going to make
- 22:15through ad revenue on their websites and then when they do
- 22:17eventually get sued, they just quickly pay off the lawsuit, get
- 22:21it done over you move on and you know there's different ways you
- 22:26can look at that. You know, I think for many of
- 22:28those businesses, they kind of look at it.
- 22:30Like well, you know, we'll just put this in our losses and this
- 22:33will probably help us to kind of achieve more profit.
- 22:36Year or, you know, avoid taxes or whatever.
- 22:39I think there's kind of like management with regards to that
- 22:42as far as like, you know, it's planned like they know what
- 22:46they're doing and they'll continue to do that as long as
- 22:48it works and they don't get caught.
- 22:50Well, I look I guess you know, and I'll be very careful what I
- 22:54say. But when you think about the big
- 22:55disruptors out there, their business model is about looking
- 22:59at a market, being pretty careful about not falling on the
- 23:03wrong side of the law. But certainly looking at areas
- 23:06where Are regulation hasn't kept up and moving into that market
- 23:10aggressively. And they know that at some
- 23:13point, the more successful they are they will get regulated out
- 23:16of business. But in the meantime,
- 23:18particularly for those early investors and the VCS that come
- 23:23in and so on and so forth, you know, they are in and out of
- 23:26that business before the regulator is called up and you
- 23:29can look at it with, you know, and you know like so boober Air
- 23:34B&B I think it's fair to say in time.
- 23:36And those business will go from high growth businesses because
- 23:40they've had free free range. Pretty much do what they want to
- 23:43actually pretty commoditize utility businesses, where the
- 23:47growth is no longer there anymore and they are just
- 23:50churning over healthy cash flow but you know the big growth will
- 23:53have gone. Now that could be five ten years
- 23:56down the line but that's the model it's get in there disrupt
- 24:00before anyone, notices. Absolutely.
- 24:03Let's bring it back to status cake.
- 24:05So One thing I want to know is that, you know, apparently you
- 24:11managed to fund the business without any Angel investment.
- 24:15Now, this is really impressive because most businesses tend to
- 24:18have, you know, several rounds of investments from angels from,
- 24:25you know, maybe from bank loans, from their various other
- 24:27sources, and that can always be a bit of an issue, sort of
- 24:31further down the line. It's not an issue in the
- 24:33beginning, you know, because you've got that cash flow in
- 24:35your business, and you can kind of Set things up as we've seen
- 24:38time and time again. You know, it can be an issue
- 24:40because of the equity states that they have in the business.
- 24:44How did you pull this off? Yeah.
- 24:46You know why it's interesting and I actually think, well,
- 24:51we're come back to that but I think it was.
- 24:54I still think it was the right thing to do.
- 24:56And actually the more you read now about particularly size
- 25:00businesses and how they should be funded.
- 25:02I'm seeing more and more people including these these saying,
- 25:05but actually they don't Think you should go for investment
- 25:07that bootstrapping is the way forward.
- 25:11I think there's a couple of things it and I sort of come
- 25:13back to what I said earlier about being successful in
- 25:16business is making sure we don't run out of energy or money and
- 25:20bootstrapping really, I think lends itself to a couple of
- 25:23things that help with that. Certainly helps the money, maybe
- 25:26not the energy for our listeners.
- 25:28Could you just explain a little bit about what bootstrapping is?
- 25:31Yes, a good. Strapping effectively is
- 25:33starting a business with the show.
- 25:36That's on your back. You know the few coins in the
- 25:39piggy bank or a credit card or whatever.
- 25:42Not that I'm suggesting. That's right for everyone but
- 25:44effectively, starting with the money you have and trying to
- 25:47build up the business out of your own personal money and
- 25:51hoping that you get quickly enough to the point where your
- 25:56costs are being covered and then you're able to take some money
- 25:59out and to the point where whatever your success point is,
- 26:02you've got a salary and then you can start thinking about how you
- 26:05grow the team from there. R.
- 26:07I like bootstrap businesses because I think they are built
- 26:12in sustainable ways. So one of the things about
- 26:14raising VC money is your throne a shedload of money, you're told
- 26:18to spend it in a year and at the end of that year, you've not got
- 26:21any money left. So if you haven't found a way of
- 26:24applying that money to get a quick return on on the VC
- 26:28investment, you're out of business and once you get that
- 26:31first round of money, you are on this constant Merry-Go-Round of
- 26:35raising and Raising and raising and it for me, that would be
- 26:39tracked you from what you're trying to do.
- 26:41As an entrepreneur, you are there to build a product to find
- 26:45customers and to bring them all together.
- 26:48You're not there to keep going, raising money.
- 26:50And for me, it's a big distraction and one other thing.
- 26:54I, and I think this is important because we started with very
- 26:58little money. The approach we took to solving
- 27:01the problem. I think was very different to
- 27:03how a VC funded startup would have.
- 27:06Watched it, if you've got a million quid sitting in the
- 27:09bank, your immediate thought probably is throw it on, AWS, do
- 27:12whatever is quickest and easiest to get us up and running and I
- 27:17don't think that always leads to the best solution and there's
- 27:21quite a few really interesting books out there.
- 27:23And I can't remember their titles, so apologies for that.
- 27:27But just looking at this concept of starting with a little amount
- 27:31of money and kind of outcomes that you get and how more
- 27:35creative they They are not. I think there's something really
- 27:38quite interesting in that. Absolutely, I couldn't agree
- 27:41more. So some of your major clients
- 27:44have included Brands, such as calm, Ticketmaster, Aldi and
- 27:48Lidl. What's it like working with
- 27:50these Major Brands? And what exactly do you provide
- 27:54them with as far as your services are concerned?
- 27:56Sure. I mean, so, as I said, we've
- 27:58been Goin 10 years plus, or so over that time we've probably
- 28:02helped around 140,000, customers of all shapes and sizes.
- 28:06So we do have the bigger Blue Chips.
- 28:09So some you just talked about governments and so on it's a
- 28:13real mixture though of what they need from us predominantly.
- 28:19We are self-service. So the customer comes in, they
- 28:23have that they want a lot of the time.
- 28:27They will use the data. They're given to go when solve
- 28:30themselves but of course we are there to help as well.
- 28:34So we'll have some customers that we don't hear.
- 28:36From from one week to the next and others, you know, that there
- 28:40is, you know, more hand-holding. But broadly speaking, there
- 28:45needs a pretty much the same. You know, it is back to that.
- 28:48Same question, is my website up? How long is it taking to load
- 28:53and, you know, various other things that we're helping them
- 28:56with? Many businesses right now that
- 29:00are offering online services tend to have like tear systems.
- 29:03So they have like, you know, let's say like a beginner's
- 29:06maybe a free trial version then starter medium premium Etc.
- 29:11What's your kind of set up as as it pertains to the services that
- 29:16you are offering? Yes, it shows that actually, I
- 29:19mean our business model has evolved over time as you'd
- 29:22expect we started off with a freemium model, right?
- 29:26So you know if you were Free custom you could sign up and we
- 29:29through pretty much everything at you and said, get on with it.
- 29:32If you would like some of our premium features that maybe test
- 29:37your website a little bit quicker and so on then you pay
- 29:40for it and it was really successful about in terms of
- 29:45just growing that that customer based as we want to be doing
- 29:48really early on is just opening the gates as far as possible and
- 29:52getting them in as we've matured we thought about right?
- 29:56Okay. Do We give as much away on a
- 30:00free tip and you'll see it with a lot of, a lot of companies
- 30:04like ours, because there's a real cost to servicing a free
- 30:09customer even on a tech platform in terms of resource in terms of
- 30:13support and so on and it's really difficult and I think we
- 30:16found the right balance in terms of continuing to support our
- 30:21free customers, and it's something.
- 30:23I feel passionately about one of the reasons why we started the
- 30:25company with. We wanted people to be able to
- 30:27have multiple Touring regardless of who they were.
- 30:30So we got some customers. We've had for 89 years who are
- 30:33on the free plan, and they always will be, and I'm not
- 30:35going to beat them off the platform.
- 30:37They are an important part of our community and they provide
- 30:41some of the best feedback and they become great educator.
- 30:45Okay? You know, they share, they share
- 30:47the love for State Escape. They'll tell other people about
- 30:50us who may come on by. So that's, that's where that,
- 30:53that's where the return is. Maybe it's not always with
- 30:56monetary value, but Right there that reputation management and
- 31:00just just testimony stuff like that is so important probably
- 31:05even more valuable than just, you know, receiving money from
- 31:08regular clients. Oh, God completely.
- 31:10I mean, word-of-mouth referral, you know, has always been and
- 31:14will be one of the most powerful forms of marketing.
- 31:19It really well. So we, you know, we've got the
- 31:22Premium plan and we have a huge percentage of our customer base,
- 31:26which is free. And then we have You say the
- 31:28starter plan and so on and so forth, so forth, you know, the
- 31:31basic premise is, you know, the more you eat, the more you pay
- 31:36but you know, we are transparent with our pricing.
- 31:39I think that's one of the important things that you were
- 31:40talking about earlier is about transparency.
- 31:43People want to understand the moment they come to your site,
- 31:47how much it's going to cost you. They don't want there to be any
- 31:50hidden costs, you know the Ryanair model as clever as it is
- 31:54you know you go in there looking for two pound 99 flight and By
- 31:57the time you've got on board, it's cost you 200 pounds, you
- 32:01know, customers, don't like that, you know, I personally
- 32:04will go to website and if there's not pricing on the page
- 32:07and you have to email for pricing, I'm not interested.
- 32:10Because in my mind, perhaps your wrongly I'm just thinking that
- 32:14they're looking at my profile trying to put their finger in
- 32:17the air to guess how much I'm willing to pay good that, that
- 32:20transparency thing as well like or lack thereof.
- 32:24I've seen that in so many different areas.
- 32:25Not just business. Like, for instance, with Punting
- 32:28like I've been job hunting for about a year now and I look at
- 32:31so many profiles. Sorry job descriptions that
- 32:35don't contain how much you're supposed to earn.
- 32:39And I'm like I don't maybe it's just because I'm a businessman
- 32:42and always have been and I look at like, well, you know, my time
- 32:47is my my time and my skills are my two main assets, right?
- 32:51So if I'm trading these, the you I want to know how much I'm
- 32:54getting in return and over, you know, of course of Of say.
- 32:59Yeah. Yeah.
- 32:59Per annum and loved one thing that really helped me to shape.
- 33:02This was when I started doing freelance in a couple of years
- 33:05ago, it really started make to make me understand, you know,
- 33:08the value of your time and your skills and how that changes over
- 33:12time. And you know, because you start
- 33:14thinking like, I don't know. And you sort of under sell
- 33:17yourself and I had the same thing.
- 33:19I was always like, I can't charge that that's too much, but
- 33:21then after a while you're like, no, I know how long this takes,
- 33:25this is where my skill level is at and it's always increasing.
- 33:27Same. Therefore, I need to charge more
- 33:29so when I see these job adverts where they're just not giving
- 33:32you any kind of indication, I just feel like that's, it's
- 33:36that. Well, if you what, why should I
- 33:38waste my time? You know, and I feel that it's
- 33:40the same with business to, it's just like he's worried probably
- 33:43reflects on for me as well. If I came to job description
- 33:47like that, where the salary wasn't on there?
- 33:49You know, there isn't that transparency.
- 33:51I think it talks about the wider business, so if they're not
- 33:55transparent there, how were they going to?
- 33:57Act in everything else. And, you know, it's back to what
- 34:00we talked about earlier with trust, you know, I think if you
- 34:02get it wrong in one place of your business, it flows over
- 34:06there, there's no stopping, you can put it in this watertight
- 34:10compartment and hope that it doesn't sort of spill over into
- 34:13another area of your business. There's just no excuse for lack
- 34:17of transparency and Trust to business.
- 34:19I love in terms of I think Justin, you know, we talked
- 34:23about businesses that we think get it right, brewdog do
- 34:26transparency. Brilliant.
- 34:29They publish their PL including everyone salary and share it
- 34:35with everyone. I think that's amazing.
- 34:38You know to have that. I don't know I suppose he's
- 34:42confidence really. Isn't it just to go actually
- 34:45we're not afraid of anything here at all is and I imagine
- 34:48also that In terms of Staff trust and and so on, you know,
- 34:55there's no room for ambiguity. There's no one sitting there
- 34:58thinking. Am I paid fairly or anything
- 35:00like that? I think is brilliant.
- 35:01And I think the more that businesses can move towards that
- 35:05full transparency the better like one of the things I've
- 35:09learned over the past year because I've discovered some
- 35:11really good YouTubers that have experience in this area and then
- 35:15now freelancing. But they give you tips on like
- 35:17you know how you should negotiate your prices in
- 35:19interviews and stuff like And, you know, it's a thing that kind
- 35:22of blew my mind years ago because I would always kind of
- 35:25approach job interviews like huh.
- 35:27You know, I really need this job and I'll do anything to get it
- 35:30in my blog and then obviously, you start working in your field,
- 35:32you start realizing your potential and then you start
- 35:35approaching it differently and you start actually negotiating
- 35:38and that I feel is a lot of the time.
- 35:40What they're trying to do with those adverts, where they don't
- 35:43give you a price or if they sometimes they will actually
- 35:45say, like, on the Goshen, negotiations and blah, blah
- 35:48blah, and you know, that's kind of what you have.
- 35:50To do, you have to go in there with confidence and say, this is
- 35:53what I want, and the same is true of business as well.
- 35:56I found this many times that, you know, you can actually
- 35:59haggle. I people think like, oh no, the
- 36:01price, you can't move the price. No, no, the price is there.
- 36:05It's set as a kind of like, this is what we're going to do, but
- 36:08if you come with a better deal, a better.
- 36:12If I came to you and I said, okay, this is what you're
- 36:14offering. What about if we move it a
- 36:16little bit down to like this price and we do this
- 36:19potentially, there could be a negotiation because It's be to
- 36:22be it business and that's what you do in business.
- 36:24You try to find the value in the deal and what works for both
- 36:28parties. And I think it's really
- 36:30important to have that mentality in general.
- 36:33A lot of people don't have that mentality.
- 36:34There just go. Okay, I'll take the price and
- 36:36then they realize maybe a year in our I could have I could have
- 36:40done better and I could have got more or, you know, maybe this
- 36:44isn't exactly what I had envisioned and, you know, so on
- 36:47it's a track of late. I mean, for us particularly that
- 36:49bigger customers, I call them Enterprise light.
- 36:52I think Enterprise is such a misleading term but in terms of
- 36:56some of our customers that are sort of on plans that are, you
- 36:59know, not off the Peg and absolutely, we will sit down
- 37:02with them and will work out exactly what they need.
- 37:05And, you know, we will agree on a price where, you know, one
- 37:08thing I'll always says, there needs to be enough margin for
- 37:10us. I don't want to do a deal where
- 37:13we are not making much money because the Temptation then is
- 37:16to, you know, you want to have the right motivators for the
- 37:19start from the start. Both parties you absolutely do.
- 37:23I think that's fair as well as long as you say like, hey, this
- 37:26doesn't work for us because, you know, we're just not going to
- 37:28make any money on it. I don't think it's anything.
- 37:30Unreasonable saying that you just being brutally honest and
- 37:33saying, it's just that. I remember very early on the
- 37:37status cake in the first two or three years when big businesses
- 37:40were first starting to talk to us and they going I'm really
- 37:42worried that your prices. Aren't I enough?
- 37:44Because I want you guys to be making good margins because I
- 37:47want you to be around in two or three years, time people do.
- 37:50Don't mind paying if they think what you're asking is is a fair
- 37:55price. One thing I wanted to touch upon
- 37:58thy back to I'm jumping around now but back to the salaries of
- 38:03on job descriptions. I think you talked about, you
- 38:07know, having the confidence to haggle and and just say I'm
- 38:11working with this, I think one of the things that concerns me
- 38:14sometimes with those though that not everyone does and I think
- 38:17it's being shown in job descriptions that don't have
- 38:20salaries It disproportionately impacts women.
- 38:22Women are less likely a lot. The studies show to actually
- 38:26push for more money. And my concern is they actually
- 38:30is an indirect form of discrimination by, you know,
- 38:34effectively, you know, hoping that you're going to get someone
- 38:40that is good for a job and pay them, the least possible.
- 38:44You know, it's well, I think the key thing, you know, above all
- 38:48else that you touched on which I totally agree.
- 38:50With is this idea that, you know, you can't kind of
- 38:54undersell yourself for several reasons, but one of them being
- 38:57and you touched on it with those those bigger companies is that,
- 39:01if you do that, if you set your bar too low, then companies and
- 39:06individuals will look at it and go are they must not be that
- 39:08good then hmm you know what I mean?
- 39:10Like I started doing that with my copywriting services, I said
- 39:13it really know because I thought oh this would be good, it will
- 39:15attract attention because it's lower prices.
- 39:17No it does the opposite. People look at that and go.
- 39:20Oh The quality can't be there, then you need to charge higher
- 39:23so that people can kind of look at it and go, okay?
- 39:26This guy must be the real deal. This girl must be the real deal
- 39:28and they'll run when we first started out we had a plan that
- 39:32was around five pounds a month because we wanted to start to
- 39:35plan and like you, we can thought we need a lower entry
- 39:37point and we sat down with him, it just didn't feel right?
- 39:44And we found that we were getting the most queries and the
- 39:47most support was being pushed towards those customers.
- 39:50And I don't know whether it was because they needed more
- 39:53hand-holding, whatever, and we got rid of it and we were really
- 39:56concerned. Geez, what's going to happen?
- 39:58Having got rid of that but actually having got rid of it.
- 40:01And the next stage up being around, I think it was 15 pounds
- 40:04at a time. Our conversion rate shot up, its
- 40:06back to that point. As you said that, If the price
- 40:10is too low, I'll people going to worry about the quality of the
- 40:14product. They get thing and like what we
- 40:16were saying again just as a final point on this like that
- 40:19transparency, as far as pricing is concerned is very important.
- 40:22Like, for example, if you want to say, okay, let's say the
- 40:26market averages, like 25 for like the starter entry and you
- 40:29charge 20, and you say well, you know, we're undercutting the
- 40:32competitors, because we want to be the lowest compared to, we
- 40:35want to offer the most, you know, reasonable price.
- 40:39But you say, Say That Then everyone's going to be that.
- 40:41Okay. Great.
- 40:42But if you just undercut everyone and then don't say
- 40:44anything, it's going to be like, well the cheaper option, why
- 40:47should I go with them? If you know what I hate that c
- 40:50word cheap. I absolutely hate it.
- 40:52And you know what, you know, people used to go to me to
- 40:55compete on price and go. No never ever ever compete on
- 40:58price. Because you end up in a one-way,
- 41:00that's a one-way Street and, you know, just add the bigger
- 41:03businesses will just undercut you until you got business, the
- 41:06symbols are actually in Hurt, when you look as well about the
- 41:12the motivators for people buying a big one is trust coming back
- 41:16to that again. But actually price is pretty low
- 41:19in terms of the things that people take into account when
- 41:22they buy. So don't make it.
- 41:25Your primary reason for them, you know, to buy from you
- 41:29absolutely moving it forward. Like, how do you think your work
- 41:33is likely to develop in the next 5 to 10 years?
- 41:35Now, the reason I ask this is obviously one of the questions I
- 41:38was going to ask you before, but I think you were Any kind of
- 41:40covered was you know how was you know website analytics and
- 41:45website monitoring changed over. Let's say the last 10 years and
- 41:48it's pretty clear. It's become one of the most
- 41:50important things that businesses need to take advantage of if
- 41:54they're going to really maximize all of their marketing exploits,
- 41:58all of this potential sales that's boys and generally just
- 42:00having a good website overall. But where do you sort of, based
- 42:04on the current research that you're doing right now?
- 42:06Everything you're collecting right now, where do you think
- 42:08we're headed in the next five to ten years Hello.
- 42:11I'll talk about our business to start with, you know, I think
- 42:15when you work in tag, it's really easy to think that it's
- 42:19all about Silicon Valley is all about machine learning
- 42:23artificial intelligence. It just isn't it really isn't
- 42:27bearing in mind that evening countries, like the US and the
- 42:29UK, a huge percentage of businesses still haven't gone
- 42:33online. Now, covid has changed that a
- 42:35bit and I think there's no doubt about that.
- 42:38I mean covid has been It's been a real it's been a disrupter to
- 42:44huge amount of businesses. Some have been forced to go
- 42:46online and have adapted very well.
- 42:48He's definitely sped up that digital transformation and
- 42:52that's going to continue for the next 5-10 years.
- 42:56I think the the latest stats that I looked at and it is sort
- 42:59of a couple of years ago. It was something like 30 to 40
- 43:03percent of businesses. In the UK still didn't have a
- 43:05website so it's not that we are already at maturity and in the
- 43:10It's the figures even higher 60%.
- 43:13So the idea that the UK and the US are mature markets in terms
- 43:18of being online, it's just not true.
- 43:21And actually really interesting lie this time last year just as
- 43:24covid-19 our turn. I was on a briefing about the
- 43:28travel industry and we all think of the travel industry as being,
- 43:32you know, hugely online and we've got Expedia booking.com,
- 43:37all of them, you name it but actually 90% Percent of all
- 43:42travel destinations in the world, aren't on any platform at
- 43:45all. Still now, you know, to me that
- 43:49just shows you how much growth there still is left in that.
- 43:52So I just my view is, it's more of the same, and that's data's
- 43:56cake. You know, we are supporting
- 43:58those. Those earlier businesses, we do
- 44:02support businesses that have huge engineering teams and, you
- 44:05know, microservices and, you know, invest a lot in there.
- 44:10Our bread-and-butter. I think the next, the next
- 44:13decade is going to be those small business owners at the
- 44:15lower end of the market. We are selling.
- 44:18You know, Ford Cortina is rather than Ferraris, and I've shown My
- 44:22Age Again, good way of putting it.
- 44:26Let's move it forward. So, prior to your work in state
- 44:30s KQ, actually was working in the legal field and you work for
- 44:35companies such as the BBC as a legal and business Affairs.
- 44:38Executive I guess the main thing I want to kind of know from your
- 44:43time working in the legal field is what were the main kind of
- 44:46takeaways that you learned from working in that field?
- 44:49Is there anything? Maybe that you use to this day
- 44:52like and also like why did you start decide to sort of come out
- 44:55of that and then start business in a completely different field?
- 44:58Like talk us through that Journey?
- 45:00Gosh. Yeah that mean I've had quite a
- 45:03varied career I guess along the way.
- 45:06So I've worked in legal. I worked at the BBC for a long
- 45:08time. I Children's TV for a while.
- 45:13I've done plenty of stuff. I guess what I really liked
- 45:17about the legal stuff and I think it's still incredibly
- 45:19important is the problem-solving mindset.
- 45:23So looking at something trying to understand what needs to
- 45:28happen and how you can solve it. And I know everyone thinks of
- 45:32lawyers as being red tape costly.
- 45:35So on edge, I you know I've met my time some very good.
- 45:40Lawyers, who do cut through, cut through the problems.
- 45:44And that's what business is all about.
- 45:45It is about being able to look at anything being able to
- 45:49quickly understand it and understand what happens next.
- 45:55But I guess I liked, I liked, I liked the deal-making as well.
- 46:01I enjoyed the negotiation as big part of my life.
- 46:04I used to do a lot with record companies and so on here is a
- 46:08lot of fun. It was a lot of fun.
- 46:10But why did I start status cake? I guess it was because I decided
- 46:15I wanted to start doing it for myself and I think that's why a
- 46:18lot of people get to where I got to where you learn a lot along
- 46:22the way you absorb a lot. I was working online gaming just
- 46:27before I started my first business and it was a, it was
- 46:312005 roughly just when the company.
- 46:35I worked for party gaming, IP owed, and You know, I got
- 46:40involved with all aspects of the business from marketing
- 46:43Affiliates. You know, it was a big online
- 46:47business and I decided that actually I was getting
- 46:51frustrated with how the business was working and what it was
- 46:55doing and wanted to try and do my own thing and do it in a
- 46:59perfect way. I think everyone starts out
- 47:02going, I'm going to run my business differently.
- 47:04It's all going to be perfect. And within six months you
- 47:06realize that actually it never is perfect but You make it as
- 47:11good as you can. I totally agree with you.
- 47:13It's one of the reasons why I'm not really in a rush to go to go
- 47:17back in corporate, I think if anything, I'm probably just
- 47:19going to stay self-employed for the foreseeable future.
- 47:22And the reason for that is because I've worked for a lot of
- 47:24different companies and I think, you know, you take away the good
- 47:28and the bad equally Jen. And I mean, and I'm very
- 47:31thankful for the opportunities I've had, but at the same time,
- 47:34I had many frustrations. When it came to bringing in
- 47:37ideas, wanting to achieve certain things.
- 47:40Things. And it's one thing if you get
- 47:41told, okay, we're just not going to do this.
- 47:43We're not going to go with. This is another thing when you
- 47:46start working on certain projects and then suddenly just
- 47:49gets car, either because of a funding issue or because a new
- 47:52manager comes in and says, no, we're not doing it that way.
- 47:55We're gonna do this. And it's that constant kind of
- 47:57like hitting the wall and going, well, how am I going to put my
- 48:00ideas into fruition? And then a lot of the time in
- 48:03the only way you can do that is by setting up your own business.
- 48:07I think you're right, you know, particularly large Actions,
- 48:11right? I think it's very difficult
- 48:13sometimes to see the result of the work that you're doing.
- 48:16Gets lost in the, in the bigger picture.
- 48:18I think there can be opportunities.
- 48:20I mean, one of the reasons I love the BBC so much when I was
- 48:23there is that? So many of my colleagues have
- 48:25this attitude of it's not my job I'd go I'll do that.
- 48:27Then you know, I'd end up doing things that no one else wanted
- 48:31to do but I think that's the exception rather than the rule.
- 48:35Yeah. But I think that's why also
- 48:37within stages cake and I hope we get this This right?
- 48:41I do try and make sure that everyone within their role can
- 48:44see how it directly impacts on The Wider business goals.
- 48:48And there's important, you know, the end of the day, we are all a
- 48:50team. We are all pulling in the same
- 48:52direction and I think as long as people can see, the direct
- 48:55results of what they are doing on a day-to-day basis, you keep
- 48:59staff happy, you keep them motivated and hopefully, they
- 49:02don't want to leave and run their own business.
- 49:05Absolutely. What would you say are the
- 49:07biggest lessons you've learned in the business?
- 49:12Scoffs good question. I think it is, I think I come
- 49:17back to it at the start its energy.
- 49:19I think it's about having the energy to keep going.
- 49:23So, you know, I can't earlier about, it will take you a while
- 49:27to hit your success point, so it's having the energy to get to
- 49:30that first success point. But you'll get there and then
- 49:32the next challenge will come. So, you know, one of the things
- 49:37I think you need to think about before you start your own
- 49:39business. Is, do you have the stomach for
- 49:41this for the next three years? Five years, ten years and, you
- 49:45know, burnout is quite high in in startups because you throw
- 49:50yourself into it in the very early days because you have to
- 49:54have probably you and a co-founder, your team grows, but
- 49:58your time pressures don't because the set of tasks you
- 50:02have just evolved. So it's pretty Relentless but,
- 50:06you know, you've got to enjoy it.
- 50:08You just have to It's not for me.
- 50:11Thanks for the big take, where you have to enjoy.
- 50:13There's no look, you know, it's like any job.
- 50:15There's no point doing it. If you don't enjoy, go and do
- 50:18something that you find fulfilling and rewarding.
- 50:22Remember, when I first got into marketing, you know, it was
- 50:26after, you know, I'd studied the degree and I obviously got into
- 50:29the field and in the very beginning, I was like, this is
- 50:32great. I can't believe I get paid to do
- 50:33this. Considering the fact that, you
- 50:35know, I used to work crazy 60-hour weeks and hotels and
- 50:39Jackets and everything. And then once the kind of I got
- 50:42it, you know, year in two years in, I started to realize, okay,
- 50:47I don't I don't live for this. I thought I like marketing, I
- 50:52like learning about it. I love learning in general.
- 50:54That's, you know, one of the biggest things about me as a
- 50:57person, but I have this real desire in need to be creative to
- 51:02create my own things. And, you know, if you look at
- 51:05what I do in general podcasting acting music, it's all Of
- 51:10Endeavors. And I don't like this idea of
- 51:12being confined to one space to one thing.
- 51:15And that's where I found that I was getting a little bit
- 51:17frustrated with just working for a company.
- 51:20Is that, you know, that's kind of the reality but it depends
- 51:23because we've all got different kind of goals.
- 51:25Different things we want to achieve, like if I see someone
- 51:28in the career person and they've got particular goals, they want
- 51:31to achieve in that in that industry, it's like fair enough.
- 51:33If you're happy in that if you're actually happy, not
- 51:37telling yourself, you're happy. If you're actually Happy.
- 51:40That's all that matters. You know it doesn't matter what
- 51:42anyone else thinks it's. Am I happy doing this?
- 51:45Do I wake up in the morning and get excited about this?
- 51:48And that was the thing that I realized when I started to come
- 51:51to the end of my time in corporate was that, I just
- 51:55didn't have that same passion that I had in the beginning and
- 51:59I wasn't investing as much time in anything is I'm I work very
- 52:03hard sometimes on the point of like you know being a
- 52:06workaholic. And after that actually forced
- 52:08myself to take breaks But when I was in that particular industry,
- 52:13you know, I there were times when I just wasn't as
- 52:15productive, I wasn't as interested in it and I was
- 52:17frustrated, you know, maybe not getting the promotion or maybe
- 52:21not getting a particular project in or you know, there was
- 52:24different frustrations and I realized at the end of the day,
- 52:27it all comes within the context of what you can control, what
- 52:30you can do. And when I started, when I
- 52:34return to doing this creative stuff, A couple of years ago,
- 52:37and I realized I'm actually willing to put loads of time
- 52:42into this. And I enjoy the process.
- 52:44Like, for example podcasts right after this is done, I'll spend
- 52:48ages editing this upload in this the different places doing all
- 52:51of this stuff that you don't see, but I'll do it and I'll be
- 52:55happy doing it and I never get frustrated with it.
- 52:58I never feel like, oh this is too long or this or that, but I
- 53:02did feel that way about marketing and the other careers
- 53:04I'd had in different Industries and I think that's the key.
- 53:07You've got it, like you said in the beginning, Stan, like, when
- 53:10you were talking, like, it's all about loving what you do and
- 53:15thinking to yourself, like am I willing to do this, am I
- 53:19prepared to put the time in the investment in and obviously,
- 53:21it's so important if you're setting up a business because in
- 53:24those first couple of years, when you're trying to, you know,
- 53:27get the startup out of the two-year situation where you
- 53:30come out of that, where most businesses fail in the first two
- 53:33years, that's why I said that. But when you're coming out of
- 53:35that and then you're, you know, you've broken past the break,
- 53:39even In point and you're actually starting to make profit
- 53:41and your you never take your foot off the gas pedal but that
- 53:44initial period is where you put like essentially like your soul
- 53:48into it, you're putting everything into it, to make it
- 53:50work and if you're not willing to do that and you're not
- 53:52committed to do that and you just shouldn't do it simple as I
- 53:55agree. And I mean, look, we've talked
- 53:57about businesses that actually a business.
- 53:59Can be the individual. I mean, you've really learned
- 54:02right? Your business is you and I, you
- 54:05know, I think, like, never before is real opportunity to
- 54:09Freelance and have a portfolio. If you like of clients and
- 54:14different things, and creativity is important.
- 54:16Mean, I think even within business, creativity is
- 54:19important. And I don't think there's enough
- 54:22work done on really understanding within business,
- 54:25how creativity plays, there's been quite a few, really
- 54:28interesting studies about actually being creative into
- 54:31business to help with problem solving.
- 54:33So, you know, we've not done this yet and say you've got a
- 54:35Dev team, trying to work out how to deploy a piece of Software.
- 54:40Why not bring in a creative who doesn't understand the software
- 54:44but makes them think differently until differently to each other.
- 54:47It's back to my idea, just trying to get different results
- 54:50and different ideas out of people stopped trying to
- 54:53thinking in a standard way. I couldn't agree more.
- 54:58I mean, I remember working for one company where the marketing
- 55:01and the sales team were completely separate, and a lot
- 55:03of companies are like this year, some summer together, somewhere
- 55:06apart, mostly at the moment, most Well, marketing and sales
- 55:11wings are just focused purely on the airline analytics and
- 55:13nothing else which I totally disagree with.
- 55:15I think the analytics are important, don't get me wrong.
- 55:17They're very important and you definitely need them but to not
- 55:22pay it be a paying attention to creative at all as a major
- 55:24mistake as well. But more importantly, you know,
- 55:27you need to be interacting with the other, the different teams
- 55:30in your in your company and different departments.
- 55:32Like I remember when I started just going off on my own
- 55:35intuition and just kind of talking to sales people, I
- 55:38learnt so much. From them.
- 55:40And I as you said, like a totally different way of
- 55:42approaching it and I was so thankful that I had actually
- 55:44spoken to those people and just reached out.
- 55:47And as I why? I haven't anyone done, this
- 55:48hasn't anyone done this before? I don't understand this.
- 55:51And it's like, that's what it's about.
- 55:53It's about reaching out and learning from other teams and as
- 55:56you say, putting some sort of fresh blood into a department
- 55:59that you know, might be all kind of focused and and kind of
- 56:02steering the ship in one specific way and they can't see
- 56:05it any other way because, you know, that's what happens with
- 56:07the team. You're all, you know, you're
- 56:08bringing different. Is together but you're all
- 56:11working together and not necessarily working with sort of
- 56:15different teams outside of that. So you're kind of this is a very
- 56:18old-fashioned way. I think about corporates and
- 56:21conglomerates that have their Finance team their legal team,
- 56:25their marketing. The for me it's very
- 56:28old-fashioned. What I'd really like to an Ideal
- 56:30World, we're too small at the moment.
- 56:31To do it is multi-disciplined teams where perhaps you've got a
- 56:34team that Focus just on product and within that team?
- 56:38You've got a product manager. ER, you've got something from
- 56:41marketing and they all fit together rather than all the
- 56:44deaths sitting in one place and it's just a ways back to that
- 56:49flowing of ideas and people not being siloed seeing, I hate the
- 56:53expression, the bigger picture I think I think the real
- 56:58successful businesses and that's what they're starting to do now
- 57:00is have these multi-discipline clusters within a business
- 57:04rather than big department solutely, what advice would you
- 57:09Give to people who would like to sort of either become
- 57:13self-employed or just generally start their own businesses.
- 57:17I think again, I think it's really important to start to
- 57:21understand what success looks like for you.
- 57:26So where do you want to get to? Because I think that looks
- 57:30different for different people. So if you want a spy project or
- 57:35a weekend project, we're actually success for you means
- 57:39having a sense of Purpose or something you enjoy or you know
- 57:43playing to your creative side. Maybe you're doing, maybe you're
- 57:46an artist and you know you want to have your own sort of project
- 57:52on the weekends that you know maybe you pay for your materials
- 57:55out of it or you just do it for pleasure or is it going to be a
- 57:59business where effectively you want it to become the the
- 58:03revenue stream for your for your life?
- 58:06You know, is it going to pay the bills?
- 58:07And I think understanding What that business is going to be to
- 58:12you. I think is the key thing I
- 58:15always say as well, don't give up everything until the end
- 58:20until you're, you know, in a, in a comfortable position I'd never
- 58:25suggest giving up a full-time job to go and start something.
- 58:30Unless you have got a huge amount of savings that you're,
- 58:33you know, sitting on and you can afford to work through because
- 58:37as we said earlier, most businesses fail, Well you know
- 58:41it might take you six months a year two years to get it off the
- 58:46ground. So I think that's important
- 58:49understand what you want to get out of the business.
- 58:52Yeah, I couldn't agree more with Darla.
- 58:53I remember one time I left a particular organization because
- 58:58of a sort of like a toxic work environment.
- 59:00I was frustrated with every different elements to it, but
- 59:03problem was, I left and I didn't have something set up afterwards
- 59:08and it was Very weird situation because on one hand, I felt like
- 59:12it was absolutely the right decision just in general for my
- 59:15well-being to not be in that environment anymore.
- 59:18But at the same time, it took me a month to find another job.
- 59:21So it wasn't sort of a smart business decision.
- 59:24So I think that like, you do have to think ahead, you have to
- 59:27have like a rough plan, things change plans change, but at
- 59:30least you've got a rough setup of, you know, this is what the
- 59:33next six months will look like this is what the next 12 months
- 59:35or look like you have to have that and I think you do need to
- 59:39be disciplined. As well, I think you need to sit
- 59:42down plan it out, you know, you know, as they say, you know, you
- 59:48know, plan goes out the window. The first moment that it
- 59:51encounters the enemy, you know, that it's entirely true.
- 59:54But at least the act of sitting down planning it out thinking
- 59:58about things, you know, talk it through with your partner, your
- 1:00:01friends family, whoever you know, it may well be, they go,
- 1:00:04you're barking. Don't do it and it may well be
- 1:00:07that you go. I'm going to do it anyway.
- 1:00:09Yeah. They would have forced you to
- 1:00:12think about some of these things.
- 1:00:13Yeah, you know, I've always said, you know, what do they
- 1:00:17say, fell fell quickly fell cheaply.
- 1:00:20So find a way in which you can test whether or you'll or not
- 1:00:24your business idea quickly. So, you know, within software,
- 1:00:29we talked about the minimum viable product.
- 1:00:31So something that you can build, which is a really basic version
- 1:00:34of your product, that you can ship quickly, get some feedback
- 1:00:38on so that you At least get an idea of whether or not there's a
- 1:00:42demand for it and whether or not it works, you know, there's
- 1:00:47nothing worse and it's the same with established customer
- 1:00:49businesses. You know, you could spend a year
- 1:00:52working on a feature ship it and you realize that it's not what
- 1:00:57your customers wanted, you know, which is why we don't build like
- 1:01:00that anymore, you know, doing stuff in small little increments
- 1:01:06where you can keep shipping quickly, getting feedback.
- 1:01:09And making this constant change, you know, it's all about
- 1:01:13Evolution. Rather than Revolution couldn't
- 1:01:16agree more. What's the biggest life lesson
- 1:01:21that you've learned so far? Gulf Coast of course.
- 1:01:28I think it keeps coming back to it.
- 1:01:29You just got to keep going. I think I did.
- 1:01:34You know and I think I think there's no doubt about it.
- 1:01:39In order to keep going, you need various you need a good support
- 1:01:42network. So good, friends, good partner
- 1:01:45to colleagues. I think if you're starting a
- 1:01:49business it's good to have people around you.
- 1:01:53Within the business that you know, and trust so many CEOs
- 1:01:57I've spoken to that have started businesses.
- 1:01:59You know talk about you know the the lonely Furrow of sort of you
- 1:02:04know head down no one else they can talk to or understand and
- 1:02:07that's pretty common you know. And in the early days that can
- 1:02:11be tough. So a good support network.
- 1:02:15You do have to find ways of getting out of your head and
- 1:02:18relaxing. So find something you enjoy, you
- 1:02:21know, whether it is our music. You know, as I said, I love
- 1:02:24running anything that can allow you to just recharge and come
- 1:02:30back ready for the next day. It's all add to that as well as
- 1:02:33it's funny how things that are so far removed from your daily,
- 1:02:36what like work life can really help in terms of you know,
- 1:02:40problem solving and stuff. Like the amount of times I've
- 1:02:43just gone for a walk and you know, I like to sit listen to
- 1:02:46music and going nature and stuff and I'll just be standing there
- 1:02:50like appreciating and then boom. There comes the idea, the so
- 1:02:53that was looking for or just I don't know some inspiration or
- 1:02:56whatever and I think it's that disconnect that helps you find
- 1:03:00the answers afterwards because if you do try to just sit there
- 1:03:03and in Focus intently on the idea I just don't think it's as
- 1:03:07effective and you won't necessarily always get it's much
- 1:03:11better to just take that time for yourself and you know rest
- 1:03:15and recover recharge and then you'll probably find what you're
- 1:03:18looking for is that ability to step back as and to Stepping
- 1:03:23back from the laptop is one the best things you can always do.
- 1:03:27So my dogs just appear one of the benefits of being a home and
- 1:03:32lock down the yeah, absolutely. Just the ability to step back it
- 1:03:37lacks. You know, I think one of the
- 1:03:39things particularly with modern technology is I think we quite
- 1:03:45often feel that we need to reply straight away and one of the
- 1:03:49worst things that we can do. So stepping back, going for
- 1:03:52that. Just it's so important.
- 1:03:58Yeah. Absolutely.
- 1:04:00As we draw things to a close for today, I just want to ask you,
- 1:04:03do you have any major upcoming projects that you'd like to
- 1:04:06share with us? Maybe some final thoughts that
- 1:04:08you'd like to share with us? I think one of the one of the
- 1:04:11things we're really trying to focus on this year and I talked
- 1:04:15about it earlier really which is back to this idea of it's not
- 1:04:21just about building software anymore.
- 1:04:24So one of the things we're truly trying to focus on is how we
- 1:04:28build Legacy and Status cake how can we help The Wider community.
- 1:04:33So one of the projects we are working on is we're trying to
- 1:04:35work with Charity in London, called the 999 Club who work
- 1:04:41with the homeless and working with them trying to get into
- 1:04:47some schools as well. We're trying to understand how
- 1:04:50some of the It's in London boroughs that are, you know,
- 1:04:54really some of the most deprived areas in the country how we can
- 1:04:58move them through into STEM Science, technology and so on,
- 1:05:05you know, what is it? That is not giving them the
- 1:05:08opportunity and we're going to try and work with some schools
- 1:05:11to find out what the issues are. But we're also going to work
- 1:05:15with some of the the college's to try and find some apprentices
- 1:05:18that we can bring on board and start no giving some of these
- 1:05:22kids the opportunity that perhaps they wouldn't.
- 1:05:25Otherwise get I think covid I think over it has been really
- 1:05:30bad for increasing that inequality Gap.
- 1:05:34You know we talk about the digitally poor, you know if you
- 1:05:37think about a lot of the to all right, tops or a mobile device,
- 1:05:41you know it really has been a struggle for lot.
- 1:05:46These schools over the last year.
- 1:05:48So for us, a big Edge This year. And what I love is, the way it's
- 1:05:53not about the product, really is about what we can do with the
- 1:05:56wider community. So that is, is, is our big thing
- 1:06:00for this year, trying to get some apprentices and trying to,
- 1:06:05you know, help a few, a few people, so excellent.
- 1:06:10I think it's wonderful that you're doing that work.
- 1:06:12I mean, I've heard on various news reports around here in
- 1:06:15Manchester where I'm where I'm living that some schools have
- 1:06:19been providing you know. That laptops and equipment to
- 1:06:22students. But obviously, if you think
- 1:06:24about that on a mass scale, like how many families are out there
- 1:06:26that don't necessarily have access to these things, it's
- 1:06:29very difficult for schools to be able to provide all those
- 1:06:32resources. So I think it's fantastic that
- 1:06:34an organization such as yours is actually doing things to help
- 1:06:38with that and help the disadvantaged in society.
- 1:06:41I think that's fantastic. The talent is the time of the
- 1:06:44future. Yeah, we know.
- 1:06:46Workplace is going to be changing the future, I mean,
- 1:06:48that's a whole different conversation.
- 1:06:51But you know, some of these schools, they got two laptops in
- 1:06:54the whole school. So yeah, there's right to do
- 1:06:58that. But yeah, I'm really looking
- 1:07:01forward to getting stuck into that and it's different.
- 1:07:03I enjoying you're talking about how you like this wide variety
- 1:07:06of things within your life. But for me, I've got that.
- 1:07:09We've got the product, we got marketing and now we've got this
- 1:07:12initiative as well. So yeah, it keeps my like their
- 1:07:16ID and exciting. Excellent.
- 1:07:18Well I want to say a massive. Thank you for agreeing to be on
- 1:07:21the A show James. It's been an absolute pleasure,
- 1:07:22interviewing you in getting to know more about your company and
- 1:07:25your self. As a businessman, I want to wish
- 1:07:27you the best of luck in the future.
- 1:07:29And yeah just to say a massive, thank you, my absolute pleasure
- 1:07:33and stay safe. I will do, I will do and for
- 1:07:35everyone listening to the Christian read podcast, I hope
- 1:07:38you've enjoyed it. If you would like to see a
- 1:07:40specific guest in the future, please let me know if there's a
- 1:07:43particular topic. You would like to hear on the
- 1:07:46question we've podcast, please let me know if you're listening
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- 1:07:51Google podcasts. Leave us a review.
- 1:07:53Leave us your comments, your feedback.
- 1:07:55Let me know what you think and there's always be safe.
- 1:07:59Be well, I'll see you in the next.