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As a leader, how do I learn to trust others within my organisation?

Leadership & Strategy
Real Business Story

You’ll “fall flat on your face” if you fail to grasp the financial side of the business

It’s likely that, as a business leader, you’ve formed a close attachment with your company. Maybe you came up with the initial idea and navigated those perilous early years? Perhaps you started as an apprentice and have now worked your way to the top? Either way, your business is very important to you. However, you alone can’t continue to work on the company by yourself – it’s time to trust other people to get involved.

Instaloft founder Rob Stone now has a cash flow forecast that incorporates spends for as little as £1.99
Having folded his previous business, Rob Stone was left with no job whilst battling to feed his nine children alongside spiralling consumer debt. Determined to create a business that would support his family long-term, Rob was inspired to create the Instaloft brand, which provides a range of loft storage services, after Googling franchise opportunities. Although he didn’t have money to invest – or experience in loft installation – Rob purchased some tools via a £200 credit card, secured an early supplier agreement and set to work. Fast forward over seven years and Instaloft now turns over in excess of £14m in revenue, generates a seven-figure profit and employs 127 people across the UK. Rob shared his experience of not getting it right all the time and his key learnings when it comes to the financial side of the business
How to integrate scenario planning into your cash flow forecasting
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Having folded his previous business, Rob Stone was left with no job whilst battling to feed his nine children alongside spiralling consumer debt. Determined to create a business that would support his family long-term, Rob was inspired to create the Instaloft brand, which provides a range of loft storage services, after Googling franchise opportunities. Although he didn’t have money to invest – or experience in loft installation – Rob purchased some tools via a £200 credit card, secured an early supplier agreement and set to work. Fast forward over seven years and Instaloft now turns over in excess of £14m in revenue, generates a seven-figure profit and employs 127 people across the UK. Rob shared his experience of not getting it right all the time and his key learnings when it comes to the financial side of the business

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