Ep.11 - Stefan Wissenbach - The most profound entrepreneurial story you will hear this year
10/06/22 • 63 min
Every now and again you hear a story that stops you in your tracks because it deeply touches a part of you whilst at the same time is uplifting and inspiring.
Stefan Wissenbach is a serial entrepreneur and has built and sold 4 financial services businesses before launching his current company which is a technology business focused on helping entrepreneurs to create more engaged teams.
He has also coached numerous business owners and helped them to define what success means to them and then went on to help them to achieve that success.
During our conversation, Stefan covered the vital importance for every business owner to get clear on their Magic Number and explains exactly what it is.
He shares a process taught to him by the legendary business coach Michael Gerber that helped him get clear on his Vision and Purpose - and how you can do it too.
He also explains the immense value he has had in working with a world-class business coach for almost 20 years.
By any measure, Stefan has enjoyed significant financial and professional success but sadly tragedy struck his family in 2019 when his precious 25-year-old son, Oli died on the first day of a family holiday.
Just listening to Stefan share the story of what happened that day, I confess to getting quite emotional - regardless of any kind of business success that is surely every parent’s worst nightmare.
However, what’s truly inspirational is that Stefan and his family have used the tragedy as a platform for good. They have published a book and are in the process of building 100 schools around the world in Oli’s name.
This conversation will energise you, it will sadden you, make you reflective and ultimately will inspire you.
You will be glad you listened to it, I promise you that.
Without further ado, I give you Mr Stefan Wissenbach.
Key Moments
The vital importance for every entrepreneur to understand their Magic Number.
The reflective process that will help you get clear on your own Vision and Purpose
The inspiring conversation that led to Stefan creating his MTP - Massively Transformative Purpose
Links
Discovering Your Massively Transformative Purpose
Influence: The Psychology of Persuasion
The 5 AM Club: Own Your Morning. Elevate Your Life
The 7 Habits Of Highly Effective People: Revised and Updated - 30th Anniversary Edition
This podcast is produced by GR Media
Sponsored by Capital Asset Management
Every now and again you hear a story that stops you in your tracks because it deeply touches a part of you whilst at the same time is uplifting and inspiring.
Stefan Wissenbach is a serial entrepreneur and has built and sold 4 financial services businesses before launching his current company which is a technology business focused on helping entrepreneurs to create more engaged teams.
He has also coached numerous business owners and helped them to define what success means to them and then went on to help them to achieve that success.
During our conversation, Stefan covered the vital importance for every business owner to get clear on their Magic Number and explains exactly what it is.
He shares a process taught to him by the legendary business coach Michael Gerber that helped him get clear on his Vision and Purpose - and how you can do it too.
He also explains the immense value he has had in working with a world-class business coach for almost 20 years.
By any measure, Stefan has enjoyed significant financial and professional success but sadly tragedy struck his family in 2019 when his precious 25-year-old son, Oli died on the first day of a family holiday.
Just listening to Stefan share the story of what happened that day, I confess to getting quite emotional - regardless of any kind of business success that is surely every parent’s worst nightmare.
However, what’s truly inspirational is that Stefan and his family have used the tragedy as a platform for good. They have published a book and are in the process of building 100 schools around the world in Oli’s name.
This conversation will energise you, it will sadden you, make you reflective and ultimately will inspire you.
You will be glad you listened to it, I promise you that.
Without further ado, I give you Mr Stefan Wissenbach.
Key Moments
The vital importance for every entrepreneur to understand their Magic Number.
The reflective process that will help you get clear on your own Vision and Purpose
The inspiring conversation that led to Stefan creating his MTP - Massively Transformative Purpose
Links
Discovering Your Massively Transformative Purpose
Influence: The Psychology of Persuasion
The 5 AM Club: Own Your Morning. Elevate Your Life
The 7 Habits Of Highly Effective People: Revised and Updated - 30th Anniversary Edition
This podcast is produced by GR Media
Sponsored by Capital Asset Management
Previous Episode
Ep.10 - Be Careful What You Wish For - Neil Simpson of The Corner sold his business. And then bought it back!
I think one of the reasons that this podcast is proving to be popular is that most of the stories follow that classic ‘Hero's Journey’’ narrative arc.
Our hero, the Founder is dissatisfied with the status quo of their current situation, sets off on a bold journey of discovery - starts a company, and faces insurmountable problems, huge challenges and fierce obstacles.
Eventually against all the odds, finds success and lives happily ever after!
If you watch almost any Hollywood film or Pixar movie, you'll see a version of this story unfold broadly along these lines.
And today’s real-life story begins by following the classic Hero's Journey - but there's a definite twist in the tail.
My guest, Neil Simpson is well known in the creative advertising sector and founded a leading agency called The Corner.
With his business partners, he built the company into one of the top independent agencies in the country and so, inevitably buyers came knocking on his door.
After one or two interesting but ultimately unsuccessful engagements Neil and his partners agreed to proceed with the sale of their business to a larger corporate.
What's interesting and I think is a huge lesson for independently-minded entrepreneurs is recognising that life after a sale, especially if you’re locked into an earn-out over several years can be a challenge.
The fact that you're no longer that creative, entrepreneurial fast-moving business and are now a cog in a much larger wheel may not be to your liking.
This conversation is packed with words of wisdom from someone who's pretty much done it all from working in, and ultimately leading, large multinational companies, to setting up and growing his own business, not once but twice, before selling and... well, you’ll have to listen to hear the full story - it’s quite a tale.
If you're a business owner or advise and consult with business owners, giving 60 minutes of your time to listen to the conversation will be the best investment you make this week.
Ladies and gentlemen, I give you Mr Neil Simpson
Show notes
https://www.thecornerlondon.com/
This podcast is produced by GR Media
Sponsored by Capital Asset Management
Next Episode
Ep.12 - Mark Telford - Small Giants: How to use your business to design your ideal life
According to the Department of Business and Industry, there are 5.6 million businesses in the UK.
But get this - out of the 5.6 million businesses, 4.2 million had no employees - they are sole traders.
And 99.2% of all businesses have less than 49 employees.
Only 4% of businesses ever hit £1m turnover.
And yet, SMEs account for three-fifths of all employment and around half of the turnover in the UK private sector.
Last year total employment in SMEs was 16.3 million (61% of the total), whilst turnover was estimated at £2.3 trillion (52%)
There are millions of one-person armies and small companies, and they make a massive impact on the nation’s economy.
Now it’s fair to say that my conversations with founders so far on the podcast have focussed on the larger company end in terms of turnover and valuation and so it was time to address this.
My guest is Mark Telford. Mark is a business owner, he is a practising Chartered Accountant who advises business owners and because that doesn't keep him busy enough, he also coaches other accountants on growing their own practices.
Mark’s clients are in the main smaller business from sole traders working within their own Ltd company to larger owner-managed firms.
As an accountant Mark takes a refreshing approach in that he not only keeps his clients' tax efficient and compliant but also coaches business owners to utilise their companies to help them create their ideal lifestyle.
- During our conversation, Mark explains the difference between a lifestyle business and what he calls a performance business and why it’s vital to know which one you are.
- He shares his 7-point checklist to create massive value in your business so that it could be sold for a meaningful amount of money.
- He also explains the importance of doing your due diligence on any potential buyer to avoid the tough situation one of his clients experienced.
If you’re a sole trader - one man or one-woman army or you own a small business and are considering your future and the right direction of travel, then this conversation is for you.
Links and Contact details
Mark Telford - Founder - Telfords Chartered Accountants | LinkedIn
Books
Traction: Get a Grip on Your Business
Built to Sell: Creating a Business That Can Thrive Without You by John Warrillow
Company of One: Why Staying Small is the Next Big Thing for Business
Accelerator
This podcast is produced by GR Media
Sponsored by Capital Asset Management
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