"Turning Dreams into Reality (with a lot of blood, sweat & tears)!" Murray Strachan - entrepreneur, investor, director and adviser Murray Strachan - entrepreneur, investor, director and adviser Murray Strachan - entrepreneur, investor, director and adviser Murray Strachan - entrepreneur, investor, director and adviser
The Annual Entrepreneurship Lecture
The Centre for Entrepreneurship, Aberdeen Business School, RGU
Worked for 6 months as labourer for builder before going to university - hard work but learned so much about people!
Always eager to learn. Started school early & university on my 17th birthday!
BSC Quantity Surveying - gained wide range of knowledge incl commercial, technical, legal, accounting, economics, project management & psychology. No business studies courses then!
Always working! Worked in bars & hotels throughout student days and in construction & potatoe harvesting and the like in the holidays.
The driver? Did what I needed to do to get money to survive and pay for the lifestyle and things I wanted, incl a car, even as a young student.
Working at an early age helped me get streetwise, grow confidence in meeting and dealing with people, develop my communication skills and build my network.
continuing influence from entrepreneurial role models
My Story - The Apprenticeship part 1. Post University to end of 80’s
moved to Aberdeen to get into Oil & Gas industry as it excited me! Global industry, fast moving, apparent opportunities and good earning potential.
took a lot of effort to eventually get my first opportunity and then it was in Huntly!
then I experienced my first oil slump and was made redundant! But where one door closes another opened up! First experience of the power of networking.
landed a consultant role at Oceaneering (diving co.) in Aberdeen. Very quickly earned a reputation as someone with commercial flair & who made a difference.
first overseas postings working for periods in Norway and Middle East. Loved it! Incredible knowledge & experience gained. Only came home to get married.
Contracts / Operations Manager position with Alpha Group, ended up running the operations in Aberdeen, Norway and Middle East within 12 months.
Daughter born Sept 88! Life takes on a different perspective!
My Story - The Apprenticeship part 2. The 90’s with Maersk & Liberty
head hunted in 1990 to join Salamis part of Maersk Group to sort out Material & Logistics division. Led the attainment of BS 5750 Part 2
set up own Quality Matters consultancy business on back of DMS dissertation. Ran in spare time. Developed reputation for helping companies achieve BS 5750 first time, in half the time, and at half the cost!
involved in the establishment of three joint venture companies and was seconded for periods to Kent Line (to help close down ferry terminal) and Shell Haven (to help establish a new project team etc).
in ’92 was head hunted by major competitor but decided to stay when offered major change management role which resulted in me becoming ‘bag carrier” to CEO. Incredible learning opportunity and career boost.
in ’94 was appointed GM of all support services and involved in the merging / integration of the Maersk oil & gas divisions in the UK and establishment of JV’s & contracts in Brunei and Newfoundland.
in late ‘98 was head hunted by Liberty Mutual as GM and MD designate of european occupational health & risk services division. Led the turnaround and restructuring of divisions and then the sale to Aon & MBO teams
My Story - The Millennium & beyond! RGIT Montrose & Petrofac Training RGIT Montrose & Petrofac Training
decade started in difficult circumstances with wife, Lorraine diagnosed with terminal cancer. As well as working, I became the main carer.
decided not to take senior position with Aon on sale of Liberty.
was persuaded by John Milligan (former head of RGU board of governors) to join RGIT Montrose in part time capacity as Interim MD of RGIT Ethos to turnaround, restructure and then sell.
on death of Lorraine, in early 1991 , I joined RGIT Montrose Group in full time capacity as GM to rightsize & restructure the newly merged group. Appointed MD of Group 3 months later with remit to grow the business both in the UK and further internationally.
led a MBO of the Group and secured the business against considerable competition in April 2003. Rapid change and growth instigated which involved selling 65 bed hotel, selling one overseas JV, closing another, establishing three new overseas operations and acquiring two businesses .
in February 2004 led the sale of the Group to Petrofac to establish Petrofac Training and build the leading international oil and gas training and consultancy provider. Acquired businesses in UK and Far East, established international HQ and operations in Middle East, growing business to $85 M t/o with over 300 employees
My Story - The Millennium & beyond! Petrofac to Independence Petrofac to Independence
in 2005 appointed Director of Petrofac Operations Services and became part of Petrofac IPO team
mid 2006 appointed Chief of Staff, with remit to architect and resource a multi faceted major change programme including integration with other two main divisions
stood down from full time employment with Petrofac in June 2007, retaining a senior strategy adviser role for a further two years.
in 2007 established own strategic consultancy, Strachan & Partners and investment group, Albyn Ventures
from 2007 to early 2010 led investments in, numerous start-ups and SME’s through the UK and overseas, both as an angel investor as well as personally
2008 to 10 undertook several challenging turnaround & refinancing consultancy projects or interim roles.
several of the start-ups have either gone to the wall or been mothballed due to lack of available funding over the last 18 months. Others I’ve had to get heavily involved to keep alive. This has been a very difficult and huge learning experience!
The end of the decade culminated in a hugely expensive and mentally draining major litigation, resulting from an investment in a international motor component co. This was one of the most difficult experiences of my life, second only to Lorraine’s death.
current investee companies www.murraystrachan.co.uk