The MHC Blog

Powerful Business Insights for Succesful Leaders
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Guest blog series by Nigel Bradford: Living Your Values 2 – The Economic

As a follow on to my previous article on The Altruist (my personal highest Value) I have chosen to look at my lowest value based on the Seven Values (or Drivers) identified by Gordon Allport.  Future articles will be looking at Aesthetic, Individualistic, Political, Regulatory, & Theoretical.

It would be a mistake to think that someone (such as myself) with a low Economic driver is not financially aware!  It merely means that we are not motivated by financial rewards first and foremost.  However, we can be best summed up with the term “take the issue of money off the table so we can focus on what we do best”. 

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Entrepreneurial spirit on the beach

A recent trip to Thailand showed us that entrepreneurship can be found everywhere.  In Phuket, 14 years after a tsunami devastated and wrecked the headland and villages, life has moved on and the beach is now a home for budding local entrepreneurs.  The owners of pop-up refreshment stalls, sunbed providers and restaurants do not need much to get started, however, they run their business in such an impressive way that many large businesses could learn business lessons. 

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Making the impossible possible!

The UK Environmental Minister, Michael Gove, recently announced that Briton will ban all new petrol and diesel cars and vans from 2040 amid fears that rising levels of nitrogen oxide pose a major risk to public health.  23 years sounds a long time away, but the move to electric cars and vans will take many years to achieve. 

Car Companies need to move forward on electric innovation and the development of technology, charging stations need to be incorporated into the landscape and finally the population mentality needs to change in line with the Governments vision.    Electric cars currently account for less than 5 percent of new car registrations in Britain, with drivers concerned about the cost and limited availability of charging points and manufacturers worried about making expensive investments before the demand is there.  The statement from the Government was therefore a huge step towards the protection of the environment.

What is important here is that the UK have announced a date and committed to significant change in mindset.  By doing this they are already half way there to making it happen. Without the vision and commitment, then big, life changing events do not happen. Who can forget John F Kennedy’s famous 1961 speech “I believe that this nation should commit itself to achieving the goal, before the decade is out, of landing a man on the moon and returning him safely to earth”, by committing to this achievement both financially and verbally, man landed on the moon in 1969 with the eyes of the world watching.

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What are you famous for?

This is a question we ask our clients when we work with them to scale and grow their Companies.  When new businesses start up, they often provide outstanding additional customer services that separate them from their competition, these become their Unique Selling Points (USP’s).  The business owner has probably spent a lot of time working on their USPs and are quite rightly proud of them, they WOW and draw customers back to them time after time.

The challenge, as they grow, is to ensure that the USPs remain in the business as they add additional headcount to their team.

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