Businessman, philanthropist, a maverick at turning strange ideas into success.
In this very special episode, and in celebration of his 91st birthday, I sit down with my father, Sir Alec Reed.
Sir Alec founded Reed in 1960 from a carpet shop in Hounslow with just £75 in his pocket. Since then, he’s founded several charities, launched a business school and in 2011, was knighted for his services to business and charity.
Born in Hounslow in 1934, Sir Alec Reed left school at 16 and ten years later founded Reed Recruitment, which has grown into the UK’s largest family-owned recruitment company. Today, he shares his insights from over seven decades in business, the lessons he’s learnt along the way and why ideas are the real currency of business.
Awarded the Beacon Prize in 2010 and knighted in 2011, Sir Alec’s flagship charity initiative, Big Give, has raised over £346 million for a variety of causes, including Womankind and Ethopiaid, both of which he also started.
Timestamps
00:00 Intro
02:03 Sir Alec Reed
03:27 Starting Out in Life - Accountant
04:13 Joining Gillette - An Idea Company
04:44 Early Business Ideas - Toy Soldiers
05:43 The Reed Brothers - Printing Business
06:26 Taking The Wrong Course
07:44 A Tremendous Urge to be Self Employed
10:31 Starting An Employment Agency
13:31 Working On Your Own - Undiluted Ideas
16:48 Learning to Raise Alternative Funding
18:45 A Family Business - One Route to Consider - Risks and Benefits
23:43 The End Game - Exits - Inheritance and Selling
25:16 Philanthropy - Foundations and Charities
27:35 Cancer - Selling a Business and Financing a Charity
32:14 A New Approach to Charity - A Social Innovation
34:48 The Big Give
38:36 Looking at Failure as a Road Sign to Change Direction
41:39 Ideas! An Idea a Day as an Exercise
47:51 Wrap Up and Thank You
Links:
Follow James Reed on LinkedIn:https://www.linkedin.com/in/chairmanjames/
Find out more about Big Give:https://donate.biggive.org/
All About Business is brought to you by Reed Global. Learn more at: www.reed.com
This podcast was co-produced by Reed Global and Flamingo Media. If you’d like to create a chart-topping podcast to elevate your brand, visit Flamingo Media