M4C Admin

Getting out from the home office...as lockdown eases

It's mid June & after 3 months lockdown restrictions are easing, non-essential retail is coming out of hiberation. Matthew Curtis has also started to venture out from the home office this week too... we catch up on what's been going on.

Like many people across the UK M4C Director & Founder Matthew Curtis has been tucked away in his home office during lockdown. Matthew's home office is in rural Northumberland, we catch up with him today to find out more about his experience of lockdown and how the pandemic has affected M4C.

When did the pandemic first start to affect your daily activities and the business?
Apart from a crazy day of snow in the North East on the 24th February when I had a very wet and slushy walk to a meeting locally February was very much business as usual. In businesses across the UK there was a post election confidence and clarity around Brexit and all the indicators were that 2020 would be a good year. 

Even into the first days of March when there was mounting & more worrying news coverage and a rising awareness that the once distant (might not happen here) Coronavirus threat was indeed going to impact the UK severely, many events went ahead still, with attendees jovially greeting each other with an elbow bump or a foot tap. Thinking back that phase of the crisis was very short lived and so remote from the restrictions that became necessary later in the same month. 

For M4C March was going to be a record month in terms of projects delivered for clients...on the 12th March whilst attending an event in Carlisle, phone calls started to come through from clients that understandably wanted to postpone projects that involved bringing together groups of people. Most notably for M4C this included a 2 week Senior Leadership programme for a government institution that was due to be delivered in the last week of March and the first week of April. The last physical meeting that went ahead before lockdown was on the 16th March a week ahead of the lockdown announcement.

What has lockdown been like for you and for the business?
Although I haven't worked in a 5 days a week fixed office location to for more than 20 years, I have never worked from home more than a few days in a month... and never before have the whole family been confined to quarters. We've had online Uni exams, home schooling and two of us working from home... I don't think the dog can figure it out.. he's probably feeling sleep deprived! 

In terms of the business M4C has continued to support existing clients, particularly as they navigate their way through the morass of guidance and confusion. In our "business as usual" model working with our clients means exactly that we are WITH them, delivering workshops, facilitating & participating in meetings as well as joining them at their project and client locations too. In that model dates are agreed and booked in advance travel arrangements and accommodation reservations made... the plans become "semi-fixed" and have a regularity and consistency to them. During the crisis the service has become much more "On-Demand" and delivered at times of the day to suit the changing situation and the needs of our clients. On the night of the 23rd March when the PM announced lockdown, clients were engaging and planning their responses and communications to teams and customers up until midnight that night and re-commenced at around 6:00am the following morning. The use of technology has meant that more clients were supported on any a single day than would have been possible had travel and physical meetings been held.

Lockdown has also meant that the volume of content being created for consumption online, on social media and via virtual events has sky rocketed. M4C has hosted peer to peer forums around the topics of leadership in a crisis and resilient leadership and I have also been a guest speaker at virtual conferences on the topic of organizational resilience. There have also been a lot of individuals that M4C has been able to connect with in the global online market for career and transition coaching, business coaching and mentoring. New clients have come France, Italy, Ireland & USA - definitely an un-expected positive as the business wasn't really pushing to be a global online service provider. 
Flexibility and innovation are key strands in resilience, it's important to make good things happen not just minimise the impact of the bad things to be resilient. 

What are the future plans?
To continue to give all M4C clients the best support possible and to continue to demonstrate that together we can deliver outstanding results and build more resilient businesses equipped to withstand the challenges of operating in an increasingly volatile, uncertain, complex and ambiguous (VUCA) world. To continue to "bounce - forwards" adopting and embracing the positive adaptions and changes that have been made and recognise that pre-covid best practise represents the best thinking of yesterday and not necessarily of tomorrow. 

There is undoubtably going to be global economic challenges as the world lives and works with covid. There will also be huge demand for an increased leadership capacity in business, leaders that can drive optimisation, nurture innovations and make bold investments of energy and finance, whilst also providing consistency of direction and good governance. Inevitably there will be tensions so and leaders will need to demonstrate courage and vulnerability & recognising that often they should be asking great questions of their teams rather than taking it upon themselves alone to be the ideas engine room.
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The Case For Bootstrapping Your Business: The Path to Profitability and Independence In the vibrant, ever-evolving world of startups, the decision to bootstrap or seek early-stage investment can significantly shape the trajectory of your business. Bootstrapping, the art of building a company from the ground up using personal savings and revenues, often gets overshadowed by the allure of venture capital. However, the benefits of this self-reliant approach are profound and, in many cases, essential for long-term success and sustainability. 1. Complete Control and Ownership One of the most compelling advantages of bootstrapping is the retention of complete control and ownership. When you rely on your own resources, you’re not beholden to investors who may have their own vision or agenda. This autonomy allows you to make decisions that align with your mission and values, fostering a culture that reflects your authentic vision. It’s your business, and you call the shots—an empowering position that can lead to innovative and unorthodox solutions that set you apart from the competition. 2. Financial Discipline and Efficiency Bootstrapping necessitates a stringent level of financial discipline. Every dollar counts, and this constraint drives entrepreneurs to optimize every aspect of their operations. This frugality often leads to more efficient business practices, ensuring that resources are allocated to initiatives that directly contribute to growth and profitability. By focusing on generating revenue early and efficiently, bootstrapped businesses build a solid foundation that can withstand market fluctuations and economic downturns. 3. Strong Customer Focus Without the cushion of investor money, bootstrapped companies must prioritize their customers to generate revenue. This customer-centric approach often results in better products and services, as feedback is directly tied to the company's survival and success. Building a loyal customer base not only drives profitability but also creates a community of advocates who can help propel the business forward through word-of-mouth and organic growth. 4. Sustainable Growth Bootstrapping encourages sustainable, organic growth. Unlike venture-backed startups that may experience rapid, unsustainable growth driven by the need to satisfy investors, bootstrapped companies grow at a pace dictated by their actual performance and market demand. This steady, measured growth often leads to more stable and resilient businesses, capable of weathering industry shifts and economic challenges. 5. Creativity and Innovation Constraints breed creativity. When resources are limited, entrepreneurs are often forced to think outside the box to solve problems and achieve goals. This inventive mindset can lead to groundbreaking solutions and unique market positioning. Bootstrapped companies frequently develop innovative business models and creative marketing strategies that give them a competitive edge. 6. Higher Valuation When a bootstrapped business reaches the point where it’s ready to seek external investment, it often commands a higher valuation. Investors recognize the value in a company that has demonstrated profitability and a viable business model without external funding. This higher valuation means less equity dilution for the founders and a stronger negotiating position. 7. Personal Satisfaction and Confidence Finally, the journey of bootstrapping a business instills a deep sense of personal satisfaction and confidence. The knowledge that you’ve built something from scratch, relying on your own ingenuity and perseverance, is incredibly rewarding. This self-confidence can be a powerful driver for future endeavors and challenges, fostering a resilient entrepreneurial spirit. In conclusion, while seeking early-stage investment can provide a significant cash infusion and resources, bootstrapping offers a unique set of advantages that can lead to a more robust, customer-focused, and innovative business. By embracing the challenges and rewards of bootstrapping, entrepreneurs can build companies that are not only profitable but also aligned with their core values and vision. The path of bootstrapping is not easy, but for those who choose it, the rewards can be immense and deeply fulfilling.
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Crafting a Winning Pricing Strategy: Balancing Cost-Up Pricing, Market Pricing, and Value Perception to Align with Customer Experience
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