• Lessons in Leadership: Scaling a Business the Right Way
    Dec 5 2024
    Unlocking Success in Business and Finance: Resilience, Leadership, and Innovation
    Episode Summary

    In this episode of the Build in Public Podcast, I sit down with Graham Davies, founder and CEO of Addition Finance. From dreaming of a career in professional rugby to reshaping the landscape of finance for startups and SMEs. The discussion covers lessons learned from both sports and business, the challenges of scaling a company, and the importance of technology in modern accounting.

    Graham’s candid reflections provide invaluable insights for entrepreneurs navigating the complexities of leadership, growth, and innovation in today’s B2B market.

    If you’re looking for actionable advice and real-world examples of business resilience, this episode is a must-listen.

    Guest Profile

    Name: Graham Davies

    Title: Founder & CEO of Addition Finance

    Background: Graham’s professional journey began with a pivot from his dream of professional rugby to the world of finance. His passion for automation and innovation shaped his career as he transitioned from traditional accounting roles to becoming a portfolio CFO.

    Now, as the CEO of Addition Finance, Graham leverages his experience to deliver tech-enabled financial solutions that empower startups and SMEs.

    Key TakeawaysHow did Graham’s early passion for sports influence his business mindset?

    Graham’s experiences on the rugby field and later in rowing taught him invaluable lessons about perseverance, teamwork, and discipline.

    • Resilience: Whether facing setbacks in sports or challenges in business, Graham emphasised the importance of “just showing up.” He likens tough weeks in business to rigorous rowing training, saying, “Just do the training,” even when motivation wanes.
    • Teamwork: Rugby and rowing instilled a deep appreciation for collective effort. In both sports, success relies on every individual executing their role perfectly—a principle that translates seamlessly to building and leading business teams.
    • Adaptability: These lessons not only prepared Graham for a successful finance career but also for the unpredictable nature of entrepreneurship. His ability to pivot and overcome obstacles reflects the mindset he cultivated through years of competitive sports.

    What are common mistakes startups make with their finances?

    Drawing from his years as a CFO and portfolio CFO for startups, Graham identified recurring issues that can derail early-stage businesses:

    1. Lack of Financial Reporting: Startups often overlook the importance of accurate and timely data, making it difficult to gauge performance or make informed decisions.
    2. Growth at All Costs: Venture-backed startups sometimes prioritise rapid expansion without considering whether their spending is generating meaningful returns. Graham cautioned against the "spend it because we’ve raised it" mentality, sharing examples of businesses that deployed capital inefficiently and struggled to raise subsequent funding.
    3. Neglecting Efficiency: Graham champions the importance of tracking the ROI of every expense. He urges startups to experiment with small budgets and validate their models before scaling up.

    What lessons did Graham learn transitioning from CFO to CEO?

    The shift from managing finances to managing people brought new challenges and opportunities:

    • Building a Team: As a CFO, Graham focused on numbers and processes. As a CEO, his priority became hiring the right people, aligning them with the company vision, and empowering them to succeed.
    • Over-communication: Early in his CEO journey, Graham assumed that once something was...
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    48 mins
  • From Corporate Life to Startup Success: Journey of a Serial Entrepreneur
    Nov 21 2024
    From Corporate Life to Startup Success: Journey of a Serial Entrepreneur Episode Summary

    In this episode, I talk with Ritu Soni Srivastava, a seasoned entrepreneur and the founder of TheLightbulb.ai.

    Ritu shares her unconventional career path, from the corporate world to entrepreneurship, her experiences building two startups, and valuable lessons learned along the way.

    The discussion covers the challenges and triumphs of founding startups, strategies for product development, balancing family life with entrepreneurial pursuits, and the importance of process-driven success in B2B environments.

    Guest Profile
    • Name: Ritu Soni Srivastava
    • Background: Founder of TheLightbulb.ai, former corporate executive, radio jockey, and founder of a health-focused startup acquired by U.S. investors.
    • Experience: 23+ years, split evenly between corporate and startup spheres.
    • Specialisation: B2B product development, consumer insights, emotion AI, and process management.

    Key TakeawaysHow Did Ritu’s Journey from Corporate to Startups Begin?

    Ritu shared her unique career shift from corporate positions at Bharti Airtel to becoming a radio jockey and later, a startup founder. Her dissatisfaction with corporate life and the desire for flexibility after becoming a mother were pivotal in her move to entrepreneurship.

    What Inspired the First Startup Focused on Weight Loss?

    Ritu explained how personal struggles with postpartum weight loss motivated her to create a product that could guide others. Despite her initial DIY approach, customer feedback led to crucial iterations that emphasized hyper-personalization and behaviour change.

    How Did Ritu Adapt Her Leadership Style in Her Second Startup?

    Having learned from the management challenges of her first venture, Ritu now focuses on overseeing her team without micromanaging. She emphasises building effective processes over obsessing about outcomes and ensures her well-being through defined work hours and team respect.

    What Lessons Did Ritu Learn About Fundraising and Scaling?

    Ritu highlighted the pressure of fundraising and the subsequent demands on founders to demonstrate rapid growth. She stressed the need for focus, saying, "Process KPIs should drive behaviour, not revenue KPIs."

    Why Is Fitness Important to Ritu as an Entrepreneur?

    Fitness became a mental health anchor for Ritu during high-stress periods. Now a dedicated weightlifter and MMA enthusiast, she finds that fitness instils confidence and resilience, qualities essential for leadership.

    What Are the Unique Challenges Faced by Women Founders?

    Ritu candidly discussed the underrepresentation of women in entrepreneurship, with only 2-3% of global VC funding directed to female-led startups. She advocates for perseverance despite these barriers.

    Chapters and Time Stamps[00:00] – Introduction

    David welcomes Ritu and sets the stage for the discussion on building in public.

    [01:06] – Ritu’s Background

    Ritu recounts her career trajectory from corporate jobs to entrepreneurship.

    [03:26] – The Decision to Start a Business Post-Motherhood

    Insights into balancing family life and pursuing a startup idea.

    [07:16] – Creating a Weight Loss Product

    The story behind Ritu’s first startup and key product development lessons.

    [15:14] – Challenges of Scaling and Leadership Shifts

    Ritu reflects on team growth, funding pressures, and adapting her leadership style.

    [25:37] – Transition to a Second Startup

    Exploring lessons from the first venture and implementing new strategies at TheLightbulb.ai.

    [37:12] – Fitness and Leadership

    The positive impact of fitness on...

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    58 mins
  • How to Scale Your B2B Agency - A Raw, Honest Chat with a 10-Year Agency Founder
    Oct 31 2024

    In this episode Building in Public with David Ellis, we interview Olly Fawcett, Founder and CEO of 303 London, a creative and performance marketing agency.

    We dive into 303 London’s 10-year journey, discuss the integration of creative and performance marketing, and share strategies for client acquisition in the ever-evolving digital space.

    True to the Build in Public approach, Olly doesn’t sugarcoat anything. If you want a real look behind the scenes of running an agency, with all the lessons and hard truths along the way, this is the episode for you.

    Olly Fawcet Profile

    Known for his candid, no-nonsense approach, Olly is deeply honest about the challenges of running and scaling a business.

    He started 303 London with a focus on content creation, but over the years, he’s evolved the agency into a hybrid model that blends creative and performance marketing to drive results for premium and luxury brands.

    Throughout his decade-long journey, Olly has experienced the highs and lows of rapid growth, learning valuable lessons along the way about scaling too quickly, maintaining company culture, and navigating the increasing competition in the agency world.

    He’s passionate about the importance of quality creative in advertising and believes in a practical, omni-channel approach to client acquisition. Whether he's sharing insights about winning clients through Instagram DMs or the hard truths about agency life, Olly brings a grounded, transparent perspective to the world of marketing.

    10 Key Take-Aways (This Is An AI Generated Summary)1. How did 303 London evolve over the past decade, and what inspired its growth?

    Olly shared the journey of starting 303 London in 2013, initially focusing on content creation for theater productions.

    Over time, the agency expanded into creative and performance marketing. The shift came from recognising that blending high-quality creative with performance-driven strategies was the key to long-term success.

    Olly emphasised that the ability to adapt to market demands while maintaining a strong creative vision has been crucial for their growth.

    2. What client acquisition strategies are most effective for agencies today?

    According to Olly, an omni-channel approach is essential for sustainable client acquisition.

    While cold emails, referrals, and in-person events are all effective, the key is combining them for maximum impact. He stressed that no single channel should be relied upon exclusively; instead, agencies should diversify their outreach and ensure they consistently show up in multiple places where potential clients are engaging.

    3. How do you successfully integrate creative content with performance marketing?

    Olly explained that creative is the most important variable for successful advertising.

    He believes that while performance metrics and data-driven strategies are vital, they need to be supported by strong creatives.

    The agency has focused on building a seamless ecosystem where creative assets fuel both organic and paid campaigns, ensuring that content connects with the right audiences in a meaningful way.

    4. What challenges do agencies face in today’s competitive landscape?

    Olly highlighted the increasing competition in the digital agency space, with more agencies emerging post-COVID.

    He explained that clients now have more options, making it harder to stand out. To overcome this, he emphasised the importance of delivering exceptional service and not over-promising on what can be achieved.

    By staying true to their values and delivering consistently, agencies can navigate this crowded market.

    5. How can B2B companies use LinkedIn to boost client acquisition?

    Olly agrees that LinkedIn is an invaluable platform for B2B businesses, particularly for...

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    57 mins
  • How to Growth Hack LinkedIn with Aman Ghataura
    Oct 10 2024

    In this episode of Building Public with David Ellis, I chat with Aman Ghataura, co-founder of The Media Engine, a LinkedIn ghostwriting and growth agency.

    Aman shares his strategies on leveraging LinkedIn for B2B growth, emphasising the importance of niche content, personal branding, and avoiding vanity metrics.

    We explore how businesses can optimise their LinkedIn strategies to boost revenue, book qualified meetings, and increase brand trust.

    We also chat about the value of micro-offers, demand generation versus demand capture, and scaling a business through "done with you" and "done for you" models.

    Aman Ghataura Profile

    Aman Ghataura is the co-founder of The Media Engine, a growth agency specialising in LinkedIn content creation and strategy for high-revenue B2B agencies, coaches, and consultants.

    With a background in growth hacking, Aman helps clients optimise LinkedIn as an underutilised platform, focusing on driving revenue through niche content and personal branding.

    Key Takeaways
    • LinkedIn as a B2B Growth Channel: LinkedIn offers unmatched firmographic data and high-quality impressions for B2B growth, making it a valuable platform for driving revenue.
    • Niche Over Vanity: Posting niche content on LinkedIn that resonates with a targeted audience yields better revenue results than chasing viral posts or high follower counts.
    • Avoid Vanity Metrics: Impressions and follower counts often don’t translate into revenue. Focus on quality engagement that drives inbound leads.
    • Micro-Offers: Micro-offers provide a low-friction entry point for potential clients, building trust and paving the way for larger commitments.
    • Demand Generation vs. Demand Capture: Companies should invest more in creating demand (demand generation) through content and engagement than merely capturing existing demand.
    • Done With You vs. Done For You Models: Done With You offers provide a profitable, scalable alternative to Done For You services, while still delivering value.

    Questions AskedHow did you crack the code for going viral on LinkedIn?

    Aman shared his LinkedIn growth strategies, emphasising that instead of focusing on going viral, the real key is creating highly-targeted niche content that leads to qualified leads and revenue.

    What makes LinkedIn different from other platforms like Facebook, Instagram, or Twitter?

    Aman explains how LinkedIn stands out due to its firmographic data, underutilised platform mechanisms, and higher quality impressions compared to social platforms like Facebook, Instagram, and Twitter.

    Why do niche accounts with fewer impressions book more calls than high-impression accounts?

    He explains that being niche builds more targeted engagement, resulting in a higher call booking rate with fewer impressions. Accounts that chase vanity metrics tend to dilute their audience.

    How do you balance top-of-funnel (reach) versus mid- and bottom-of-funnel (revenue-generating) activities on LinkedIn?

    Aman shares that top-of-funnel content helps boost the reach of bottom-funnel posts. However, he focuses primarily on content that drives revenue rather than just gaining impressions or followers.

    Can micro-offers replace traditional sales calls in B2B sales?

    Aman discusses the potential for micro-offers, smaller productised services, to close deals without the need for traditional sales calls, as buyers become increasingly informed and ready to buy before ever speaking to a salesperson.

    What major shifts have occurred in B2B marketing over the past few years?

    The biggest shift is the growing importance of trust. B2B marketers must focus on generating demand through educational, niche content and avoiding reliance...

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    51 mins