Secrets of highly effective agency leaders, with Spencer Gallagher

Jenny: Welcome to the Creative Agency Account Manager Podcast with me, Jenny Plant, from Account Management Skills Training. I'm on a mission to help those in agency client service keep and grow the existing relationships, so their agency business can thrive.

Welcome to Episode Seven. I have a real treat for you today, particularly if you're an agency owner. I've managed to grab an hour in Spencer Gallagher’s diary and Spencer is in the middle of rewriting his book Agencynomics, which he wrote with his partner, Peter Hall and in this chat, we discuss what makes a successful agency leader now and what successful agency leaders are doing differently to accelerate their growth. What he’d do differently today if he was starting out his agency, what trends he's seeing in the agency landscape and why you need to keep learning to keep yourself relevant. He also shares loads of fantastic, really useful tips, particularly if you're an agency owner or leader and also if you're managing tribe relationships. So sit back, relax and I will introduce Spencer in more detail.
Spencer - for those in the agency world, you need no introduction whatsoever. But for those in the audience who may not have heard of you or met you, you run one of the leading well, the leading, UK agency growth consultancy, Cactus. You're also co founder of Cactus Academy, which is online training for agency leaders. You're also the author of the bestselling book Agencynomics, which is a phenomenal book for anyone growing an agency. And you also run the biggest global community for agency owners of the same name, Agencynomics. And you're also the host of the vodcast agency Phonics. So I'm thrilled because I know you advise companies, you're a non exec, you do a lot of speaking gigs so to get some time with you, I know you usually sit on this side of the fence, is an absolute delight for me. I'm absolutely thrilled. Just a short intro before I pass over to you to ask you to talk a bit about your history. We obviously met a couple of years ago and what struck me about you was first of all your energy, which is phenomenal. I just don't know how you get everything done, but also how you essentially adopted me into the Cactus and Agencynomics family, which I will be forever grateful for. And you've also gone on to trust me with many of your clients. So I just feel so at home in the community. I think you obviously attract a really decent, lovely type of person and you've created this really supportive community which is really active, really involved. And you just seemed so generous with everybody that you meet. So I would love you to share your journey with us because I obviously haven't mentioned the fact that you built a 20 billion turnover agency and sold it. So I would love you to share your journey with us.
Spencer: Thank you. That was a wonderful introduction. Thank you. When I hear it back, sometimes I'm also thinking, Wow, how do I find time to do all those things myself? Well I'm so busy, I had a complaint this week from someone, who said your PA, Abbie, who you know very well, has said it's currently 58 days to get a meeting with you.
Jenny: I'm not surprised.
Spencer: And I was trying to make the point that I actually look after about £100 million worth of agencies with 1000 staff and I think people don't always realise what I do in my day job. Agencynomics is obviously something that I do as a bit of a charity, sort of social enterprise ‘pay it forward’ my spare time. But yes, I mean a brief history of time. You know, I'm one of those kind of classic entrepreneur types, I think. I left school at 16. No qualifications Left home at 16. Didn't have the best start in life. You know, worked in clothes shops, selling clothes and so life wasn't that good for me in the beginning. It wasn't like, you know, pure poverty. But put it this way, you know, I brought myself up and your life wasn't simple and I had to be quite independent from a young age and I don't know, like I just worked really hard at everything I did, and I got some lucky breaks and I ended up at the age of about 27 getting made redundant. I went through three jobs in a year, got made redundant twice and decided that in my spare time I'd been playing on this thing called the Internet since about 93. So to give you an idea, Tim Berners Lee came up with the Internet html and in 1991 so 2 years later I'm taught myself to write websites and after being made redundant from a purple shed in my mum's back garden, I started to build websites. And I started to build at the time what I thought was a web development company. And then about three years later, somebody walked into the business and said I really love your agency and I was like, what's an agency and then from that moment onwards, the business really, really grew quickly. So that's kind of briefly how it started, obviously aside building websites when it was a joke to build websites. So if you...