041SUYB The Forward Cusp of Entrepreneurship; Kickstarter Campaign to Scaling Up; Interview with Nathan Pearce, Balanced Blends
‘You have to have goals and a mission and then you have to get intentional’
Nick is speaking with Nathan Pearce, a fellow Australian who he has known for over twenty years. Following a successful career in a corporate environment with a multinational organisation, Nathan is currently Head of Customer Engagement at Balanced Blends a company bringing a different approach and on a mission to serve its customers.
Nathan discusses with Nick his perspective on start-ups and the big challenges that need to be overcome as you move from start-up to scaling up your business.
This is a great podcast with Nathan who is at the forward cusp of entrepreneurship candidly discussing ‘how’ and ‘why’ listen in and find out more.
I didn’t know what I needed or how to do it but knew I had to change to get kickstarted.
The bad habits were about what I prioritised, the ways and things I measured success against.
It came down to buying a plane ticket, I changed my identity by changing my environment,
I burnt my boats and made a commitment to change.
You’ve got to do what most people don’t do to get to where you want to be.
I wanted to be around people with experience and I found that in the network I built.
I went from mentor to mentor during the period I worked for a multinational organisation learning all the skills required for a business.
People who are entrepreneurial should never avoid large enterprises.
Starting a business isn’t for everybody, you can be a successful intrapreneur applying your skillset within the certainty of a corporate world.
The most important thing is that you are congruent with your values and what you want to do.
At Balanced Blends, we have had a successful kick-starter campaign with really useful feedback. It’s been a learning curve not only around the product but also addressing fulfilment so that we can scale when we want to.
Reliable partners - if you work with someone who is distracted by a bigger customer it could be problematical and it’s vital to always be able to provide for the needs of the customer.
Find a partner who you can build a relationship with someone who understands you and what you are trying to do, who believes you are going to grow and that you’ve chosen them because they can deliver as you scale up.
Choosing the right metrics - I’m always asking myself are these the right metrics to be measuring ourselves against?
KPIs can cause undesirable behaviours; There is a danger to measuring metrics, you can get overwhelmed where you don’t focus on the 3 to 5 that matter and measure the wrong things
We don’t bring every metric to every meeting otherwise we’d get stuck in analysis paralysis.
Working out which KPIs are the ones to investigate is key but it is fluid with the focus moving according to need.
Creating the right habits - when you are on the business journey you have to be intentional and create the right habits. You have to make it a ritual to get up, grow good habits and be intentional.
Think and grow rich; The world ‘think’ is the most important not the word ‘rich’, as soon as you manifest something in your mind you start to move towards it and doors open in your life.
The difference between a ‘to-do list’ and a result is the ‘why’ or ‘purpose’
‘There is a pattern to success and it is both achievement and fulfilment’
‘For me finding great mentors was much better than coming out of education with crippling debt and a degree’
‘It’s time to get out of our own way this can be challenging for entrepreneurs but it’s important to know when to do this so you don’t become a block on the business’
Scale Up Your Business Podcast
90 Day Business Growth Accelerator website
Think & Grow Rich book by Napoleon Hill
ABOUT THE HOST
My name is Nick Bradley. I’m an entrepreneur, author, speaker and investor.
My background is in growing and scaling VC and Private Equity backed businesses.
Having successfully built, bought and sold a number of companies, and removed myself from day-to-day operations, my focus now is on helping entrepreneurs get to where they want to be, in business and in life. As well as investing in growth businesses and backing turnarounds - with the ultimate aim of creating value from significant capital events.
I’m passionate about personal and professional development - showing up and being the best version of myself ... every day.
My bigger vision is to help bring entrepreneurial skills, experience and mindset to people in developing nations - so they can follow their dreams, live life more on their terms - utilising entrepreneurship as a global force for good.
See omnystudio.com/listener for privacy information.