Managing risk, inspiring innovation
Who better to talk about calculated risk than the World Land Speed Record Holder – the man who broke the sound barrier on his way to Mach 1.016 in Thrust SSC?
Andy Green OBE –“Dead Dog” to his friends – was our star speaker at the first BCMS dinner event of the year this week at the Imperial War Museum, Duxford, near Cambridge. Under the wings of Concorde, Andy addressed an audience of business owners from across the Cambridgeshire area, explaining his hugely ambitious plan to shatter the 1000mph mark with his Bloodhound LSR team. This is a project documented in incredibly candid detail – triumphs, setbacks and all, including live streams – on the website Bloodhound LSR.
When he speaks, Andy brings the initiative to life. The Bloodhound project is an engineering showcase for the Best of British innovation. But it’s also about engaging new communities too. For planning and testing, Bloodhound is working in South Africa’s Kalahari Desert, creating jobs and engagement locally. He stressed the importance of teamwork: while Andy is the figurehead for Bloodhound, it is very much a team effort – with an army of engineers and experts behind him. For Andy, trust in his team is his key. It’s probably the same for your business, too.
Planning and preparation
You could see how Andy inspired the audience, which included business owners in sectors as diverse as science, technology and consumer products, all of whom will have taken their own calculated risks in building and growing their businesses. For some, a business sale may now be on the horizon, so to provide advice and insights on this big decision, the event featured a number of BCMS Fellows. These are our past clients who have successfully sold, and are pretty much the only people who can tell you what it really feels like to sell. We were able to shoot some short videos on the night, including Marc Wileman – so why not catch up on what he has to say?
Our co-hosts for the evening were our friends at wealth management specialists Rathbones – and Mark Winchester was on hand to offer some essential insights on the importance of financial planning for the future. Here, like with Bloodhound, timing is crucial!
If you missed the event, don’t worry. We’ll be running other sessions with inspiring speakers throughout the year. Check out our events page to see what’s coming up.