Entrepreneurs Are The Wrong People To Grow Their Business
“Entrepreneurs are the lifeblood of the UK economy yet many businesses fail to live up to their full potential because the very skills that make entrepreneurs so valuable at the start-up phase often become a hindrance when it comes to scaling up.”
This is the conclusion of Martin Norbury, an award-winning business mentor and author of the new book, I don’t work Fridays. Martin, who has earned the badge The Scalability Coach, has first-hand-experience in growing businesses. In his new business book, I don’t work Fridays, he explains why the entrepreneur is the wrong person to grow their business, and reveals a simple 5-step formula to give business owners confidence to lead, a clear structure and process to follow, and a set of simple tools to help achieve sustainable growth and realise their ambitions.
I don’t work Fridays comes fresh off the back of Government reports claiming how a lack of businesses scaling up is dragging down the UK economy1. Whilst 2015 saw a substantial shift towards entrepreneurialism with a record number of business start-ups in Britain2, there is pressure on the Government and banks to support businesses as they face the tough “scale-up phase”. In 2015, the Prime Minister announced a new initiative to help fast-growing firms secure financial support in order to make the leap from “small to medium-size”3.
Yet despite over 600,000 new start-ups in the UK last year2, half will fail within their first five years4. Managing the numbers, people, and business strategy are cited as the biggest challenges owners face5. And it’s not just those businesses that are stagnant or struggling to grow that is an issue, there’s the risk of growing at such a fast pace without the support in place, that you can “grow broke”.
Norbury’s underlying philosophy in his book I don’t work Fridays ultimately answers one question: when and how to exit a business.
Exit can represent a great many possibilities. Martin explains: “Your goal could be to exit the business to get your ‘big pay day’, or to retire and pass on your legacy to someone else. Or it could be because you have fallen out of love with the work, have become a manager instead of a doer or simply have the entrepreneurial itch to start something new.
“Even if you intend to stay in your business for now, having a business that is ‘exit-able’ will make it more attractive to investors and will free up your time, so you no longer worry about the day to day work. Maybe you ‘don’t want to work on Fridays’ anymore or you would simply like your evenings and weekends back to spend time with your family. Perhaps there is a hobby or a heart’s desire that you have been putting off for too long and you can’t wait any longer. Whatever the reasons you have for being in business in the first place, being in a position to escape the clutches of business pressure, by scaling up effectively, is a wonderful place to be.”
The book outlines the 5 simple steps to scale that have worked across 30+ industry sectors in the UK, and the program is soon to be taken to Australia and South Africa. These steps are fully explained in I don’t work Fridays where the author takes you on a commercial, emotional and educational journey, and brings you out the other end with all the experience but without the pain.
The Foreword is written by Daniel Priestley, Entrepreneur and Author of Key Person of Influence, Entrepreneur Revolution and Oversubscribed: “Martin Norbury’s book gives you practical ways to get perspective and move out of the struggle and into a lifestyle business. He has the ultimate credentials for being able to help you succeed in doing this – he’s done it himself!
“This book isn’t based on academic theory. Even better, it’s not written by a 30-something year-old male who doesn’t have a family or overheads to consider. This book is written by a successful entrepreneur with real life experience – business and personal.”
I don’t work Fridays by Martin Norbury can be purchased on Amazon on 7th March 2016 in paperback (ISBN 978-1781331705), hardback (ISBN 978-1781331828), and on Kindle (ASIN: B01BI50FKA). It will be on special offer for just 99p on Kindle during 7th-8th March 2016.
The book is published by Rethink Press Limited.
For more information, or if you’d like a review copy of I don’t work Fridays, please contact Jacki@myadvocatementor.com or call 0203 603 1112. See more at:
1 Britain’s stunted start-ups holding back economy, but help is at hand. The Telegraph, Rebecca Burn-Callander, 04 Feb 2016. http://www.telegraph.co.uk/finance/businessclub/12140139/Britains-stunted-start-ups-holding-back-economy-but-help-is-at-hand.html
2 How entrepreneurial was the UK in 2015? Centre for Entrepreneurs. Maximilian Yoshioka, 11 Jan 2016. http://centreforentrepreneurs.org/how-entrepreneurial-was-the-uk-in-2015/
3 David Cameron announces Help To Grow for ambitious young firms. The Telegraph, Rebecca Burn-Callander, 10 Feb 2015. http://www.telegraph.co.uk/finance/yourbusiness/11402997/David-Cameron-announces-Help-To-Grow-for-ambitious-young-firms.html
4 Half of UK start-ups fail within five years. The Telegraph, Elizabeth Anderson. 21 Oct 2014. http://www.telegraph.co.uk/finance/businessclub/11174584/Half-of-UK-start-ups-fail-within-five-years.html
5 Advocate Business Services Limited. August 2015.
Notes to editors:
Martin Norbury went from small time entrepreneur, to SME business owner and onto CEO of a multi-million-pound corporation in just ten years. His SCALE Model is used across 30+ industries, earning him the badge of The Scalability Coach. His passion to help Entrepreneurs achieve their success is the ultimate driver behind his book.
Martin in a multi-award-winning entrepreneur:
- Runner-Up of Profile of the Year Award 2015, hosted by Daniel Priestley (Key Persons of Influence)
- Runner-Up in KP16 Book Cover Competition, judged by Daniel Priestley
- Business Mentor of the Year 2015 (APCTC)
- Britain’s Top 50 Business Adviser 2014 (Enterprise Nation)
- 3 of his clients have won the coveted Entrepreneur of the Year 2013, 2014 & 2015 (Entrepreneurs Circle). And 11 of his clients were finalists in the Entrepreneurs Circle’s National Awards 2015
- National Entrepreneur of the Month – June 2013 (The Entrepreneurs Circle)
- Business Growth Advisor of the Year 2012 (The Entrepreneurs Circle)
Martin Norbury is available to provide expert comment on business growth, investment and exit strategies for businesses of any size, in any industry. Please contact Jacki@myadvocatementor.com or call 0203 603 1112.