Top Tips From Entrepreneur Ed Reeves

Ed Reeves is the founder of Moneypenny – an answering service with a difference! Based in Wrexham, North Wales, it turns over £7m per annum and has 250 staff.

Says Ed “whatever business you do, make sure it is scalable. That is where everyone goes wrong. And stick to your convictions”.

He also recommends recruiting staff based on their attitude rather than their experience.

I am totally with Ed on his tips. As a business adviser I see so many businesses that start a business but it’s not readily scalable. Typically the business is totally reliant on them, the product doesn’t lend itself to growth/spin-offs or the premises are not able to cope with expansion. Could this be your business?

Recruiting staff is always an emotive issue. Michael Gerber, author and small business guru, will talk about recruiting staff with the right attitude and will even go so far as to say he doesn’t want staff with experience. I am not so sure I go quite as far as Michael on this one but I will always put a prospective employee’s attitude and willingness above experience or qualifications.

Author – Paul Stanford

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