Taking risks is part of every entrepreneur’s journey — but not all risks are created equal. In this episode, we explore how business owners can take smarter risks — the kind that fuel growth, not failure.
Joining us is Ian Phillips, Head of Partner Sales at Xero in the UK. Ian has seen firsthand how bold decisions, backed by data and strategy, can transform a business.
Rapid-fire recommendations
Software: Gemini
Podcast: The Rest is Money podcast
The most important lesson learned about building a business: To understand the need to alter the balance between speed and quality of execution. In the early stages, speed is vital. However, as you grow, in order to scale, quality becomes more important.
Key takeaway: Build a cadence for reviewing for KPIs, probably for a weekly basis but at least on a monthly basis. If you’re a business owner, ask your accountant to build you this and if you’re an accountant, this is the great value you can provide to your client.