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Business Growth Lunch
The Venue
29th April 2016
Welcome and introductions
Dawn Duggan
Executive and Workforce Development Manager
Business Growth Hub
Agenda
• 12.00pm – Welcome and Introductions, Dawn Duggan, Executive and Workforce Development
Manager, Business Growth Hub
• 12.10pm – Guest speaker - Ian Walker, Founder and MD, 3P Logistics: Logistics – a necessary evil
or your competitive edge?
• 12.40pm – Questions & Answers
• 12.55pm – Closing Remarks, Dawn Duggan, Business Growth Hub
• 01.00pm – Lunch and Networking
• 02.00pm – Event Close
Housekeeping
• Fire procedure
• Nearest toilets
• Phones on silent
• WiFi
• Network:
• Password:
• @bizgrowthhub
• #BGHEvents
Business Growth Hub update
Make a positive difference
Guest speaker
Ian Walker
Founder and Managing Director
3P Logistics
Welcome to
A Business Journey
Chapter 10
Items Check
Overview – Who am I and what does my company do?
Intro – How the heck did I get here: Chapter 1
Snakes and Ladders – Challenges and set backs along the way
Risk and Reward – The gambles and the size of the prize
Lessons Learned – If I had a time machine I would……
The game changer – The proposition beyond the product
The Future – Chapter 11 onwards
My Top 5 Tips for continued success – Tried and Tested
Open the Floor – Q&A`s
Index
Me & My Company
A brief insight...
o A proud Wiganer with one love & one vice in life: My Family & Wigan Athletic (or vice versa !)
o From Britain's worst ever builder to the North West`s best warehouse keeper in 25 years
o 3P Logistics formed in 2006 – now operate multiple warehouses in the North West spanning Circa 175,00 square feet
o An award winning fully accredited ‘total supply chain company’ - an unusual proposition at SME level
o Particular expertise in the arena of B2B & B2C ecommerce and order fulfilment & vendor compliance
o Over 75 recurring clients subscribed to our services and rising each month organically – built on repute
o Over 4 million units of stock and 28,000 product lines entrusted to our control
o Our clients stick to what they do best and outsource the rest – many are virtual business owners
What we do
You source & Sell - For everything else its 3PL
Not sure how it works? Watch our video HERE.
So how did I get here? – Chapter 1
An act of pure madness or a twist of fate
SALARY PROSPECTS PARENTING HOUSE MOVE
MARCH 2006 – THE DREAM TICKET
JULY 2006 – THE PERECT STORM
A LACK OF VISION AMBITION VISION FUNDING
Snakes & Ladders
It`s not all been plain sailing
THE SNAKES
o Recession
o Revenue
o Recruitment
o Relationships
o Relocation
o Retention
The Silver Bullets?
DON`T celebrate failure but DO learn from it
The Ladders
o A better client mix
o Automated credit control
o Selective recruitment
o Selective clients
o Sufficient headroom
o Employee engagement
Risk & Reward
Not for the feint of heart
o PACK MY JOB IN AND IF IT DOESN`T WORK I CAN ALWAYS GO BACK TO WHAT I WAS DOING.
o PUT ON A SHOW AND THE AUDIENCE WILL COME - WON`T THEY?
o HOW DO I TELL THE WIFE – WILL SHE SUPPORT ME?
o I WILL REMORTGAGE AND BORROW THE REST FROM THE BANK OR SEEK INVESMENT.
o I WILL BE A ONE MAN BAND TO START WITH AND WILL BE FRONT MIDDLE AND BACK.
o I CAN ABSORB 6 MONTHS WITHOUT SALES AND THEN WE ARE BUST.
o ALL I NEED IS ONE BREAK TO DEMONSTRATE MY WORTH AND TO BUILD REPUTE.
o IF THIS FAILS I WILL BE BACK DOWN THE EMPLOYMENT LADDER AND START FROM SCRATCH.
o IF THIS FAILS I HAVE JUST PUT 10 YEARS BACK ON THE MORTGAGE FOR NOTHING !
o IN THE EARLY YEARS WE WILL NEED TO SACRIFICE A LOT OF THE NICE THINGS IN LIFE.
YOUR CONSCIENCE VS YOUR WILL - AN INTERESTING BATTLE
START UP DILEMMAS
Hindsight is negative energy
If I had a time machine to correct my errors…
I would have
 Taken bank funding as opposed to private investment and backed myself to win
 Ensured that no one client had greater than 20% revenue contribution
 Acquired my warehouses as opposed to leasing them
 Injected FUN into the workplace much sooner
 Paid my people more money – sooner
 Relocated into bigger operations much sooner
 Employed a team of developers much sooner
 Pursued other business ventures and strategic alliances much sooner
 Have engaged in “community” thinking and collaboration much sooner
 Become more tolerable to business debt much sooner – funding for growth
From “Me Too” To Disruptive Thinker
Dare to be different!
The Proposition Beyond The Product
A fully integrated logistics solution from factory gate to end consumer
How?
o Market research – Clients
o Industry research – Competition and Sector
o Strategic alliances – Global reach
o Internal systems development – buy in
o Test & Measure – be prepared to change course
o One stop shop – convenience & simplicity
o Challenging the norm – disruptive thinking required
o Be prepared to invest both time and money
Result
 We trade on value not price
 Our growth is organic
 Our clients have a bond
 We provide value for money
 We are seen as pioneers
 We are seen as authoritive
 We have stability
 We make money
What next for 3P Logistics?
Chapter 11 Onwards
Short to Mid Term
o Build a £3m / 10,000 pallet extension
o Acquire existing £2.5m Warehouse
o Develop In-house software
o Mergers and acquisitions
o More strategic partnerships
o We`re going to have a whale of a time
doing it !
Top 5 Must Do`s
Watch your business fly
My Top 5 Business Tips to takeaway
I. Put your people at the heart of your decision making
II. A me too business can work but a “yes and” business works much better
III. Be prepared to change course – its an unpredictable journey
IV. Learn to share – evolve from control and conform to community
V. If you`re not enjoying the journey – STOP what you`re doing and ask WHY?
Thanks For Listening
Any Questions?
VISIT WWW.3P-LOGISTICS.CO.UK
Closing Remarks
Dawn Duggan
Executive and Workforce Development Manager
Business Growth Hub
Forthcoming Events
11th May – Finance for Growth Breakfast, Oldham
27th May – Business Growth Lunch, Oldham
www.businessgrowthhub.com/events
Wigan Expo 2016: Friday 7th October
at Robin Park Sports and Tennis Centre
Please leave your feedback
• Online feedback questionnaire
http://bit.ly/WiganApril
• Feedback cards available on the registration
desk
Contact us to find out more
Phone: 0161 359 3050
Email: info@businessgrowthhub.com
www.businessgrowthhub.com
@bizgrowthhub
• +Businessgrowthhub
BusinessGrowthHub

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Logistics Competitive Edge Business Growth Lunch

  • 1. Business Growth Lunch The Venue 29th April 2016
  • 2. Welcome and introductions Dawn Duggan Executive and Workforce Development Manager Business Growth Hub
  • 3. Agenda • 12.00pm – Welcome and Introductions, Dawn Duggan, Executive and Workforce Development Manager, Business Growth Hub • 12.10pm – Guest speaker - Ian Walker, Founder and MD, 3P Logistics: Logistics – a necessary evil or your competitive edge? • 12.40pm – Questions & Answers • 12.55pm – Closing Remarks, Dawn Duggan, Business Growth Hub • 01.00pm – Lunch and Networking • 02.00pm – Event Close
  • 4. Housekeeping • Fire procedure • Nearest toilets • Phones on silent • WiFi • Network: • Password: • @bizgrowthhub • #BGHEvents
  • 6. Make a positive difference
  • 7. Guest speaker Ian Walker Founder and Managing Director 3P Logistics
  • 8. Welcome to A Business Journey Chapter 10
  • 9. Items Check Overview – Who am I and what does my company do? Intro – How the heck did I get here: Chapter 1 Snakes and Ladders – Challenges and set backs along the way Risk and Reward – The gambles and the size of the prize Lessons Learned – If I had a time machine I would…… The game changer – The proposition beyond the product The Future – Chapter 11 onwards My Top 5 Tips for continued success – Tried and Tested Open the Floor – Q&A`s Index
  • 10. Me & My Company A brief insight... o A proud Wiganer with one love & one vice in life: My Family & Wigan Athletic (or vice versa !) o From Britain's worst ever builder to the North West`s best warehouse keeper in 25 years o 3P Logistics formed in 2006 – now operate multiple warehouses in the North West spanning Circa 175,00 square feet o An award winning fully accredited ‘total supply chain company’ - an unusual proposition at SME level o Particular expertise in the arena of B2B & B2C ecommerce and order fulfilment & vendor compliance o Over 75 recurring clients subscribed to our services and rising each month organically – built on repute o Over 4 million units of stock and 28,000 product lines entrusted to our control o Our clients stick to what they do best and outsource the rest – many are virtual business owners
  • 11. What we do You source & Sell - For everything else its 3PL Not sure how it works? Watch our video HERE.
  • 12. So how did I get here? – Chapter 1 An act of pure madness or a twist of fate SALARY PROSPECTS PARENTING HOUSE MOVE MARCH 2006 – THE DREAM TICKET JULY 2006 – THE PERECT STORM A LACK OF VISION AMBITION VISION FUNDING
  • 13. Snakes & Ladders It`s not all been plain sailing THE SNAKES o Recession o Revenue o Recruitment o Relationships o Relocation o Retention
  • 14. The Silver Bullets? DON`T celebrate failure but DO learn from it The Ladders o A better client mix o Automated credit control o Selective recruitment o Selective clients o Sufficient headroom o Employee engagement
  • 15. Risk & Reward Not for the feint of heart o PACK MY JOB IN AND IF IT DOESN`T WORK I CAN ALWAYS GO BACK TO WHAT I WAS DOING. o PUT ON A SHOW AND THE AUDIENCE WILL COME - WON`T THEY? o HOW DO I TELL THE WIFE – WILL SHE SUPPORT ME? o I WILL REMORTGAGE AND BORROW THE REST FROM THE BANK OR SEEK INVESMENT. o I WILL BE A ONE MAN BAND TO START WITH AND WILL BE FRONT MIDDLE AND BACK. o I CAN ABSORB 6 MONTHS WITHOUT SALES AND THEN WE ARE BUST. o ALL I NEED IS ONE BREAK TO DEMONSTRATE MY WORTH AND TO BUILD REPUTE. o IF THIS FAILS I WILL BE BACK DOWN THE EMPLOYMENT LADDER AND START FROM SCRATCH. o IF THIS FAILS I HAVE JUST PUT 10 YEARS BACK ON THE MORTGAGE FOR NOTHING ! o IN THE EARLY YEARS WE WILL NEED TO SACRIFICE A LOT OF THE NICE THINGS IN LIFE. YOUR CONSCIENCE VS YOUR WILL - AN INTERESTING BATTLE START UP DILEMMAS
  • 16. Hindsight is negative energy If I had a time machine to correct my errors… I would have  Taken bank funding as opposed to private investment and backed myself to win  Ensured that no one client had greater than 20% revenue contribution  Acquired my warehouses as opposed to leasing them  Injected FUN into the workplace much sooner  Paid my people more money – sooner  Relocated into bigger operations much sooner  Employed a team of developers much sooner  Pursued other business ventures and strategic alliances much sooner  Have engaged in “community” thinking and collaboration much sooner  Become more tolerable to business debt much sooner – funding for growth
  • 17. From “Me Too” To Disruptive Thinker Dare to be different! The Proposition Beyond The Product A fully integrated logistics solution from factory gate to end consumer How? o Market research – Clients o Industry research – Competition and Sector o Strategic alliances – Global reach o Internal systems development – buy in o Test & Measure – be prepared to change course o One stop shop – convenience & simplicity o Challenging the norm – disruptive thinking required o Be prepared to invest both time and money Result  We trade on value not price  Our growth is organic  Our clients have a bond  We provide value for money  We are seen as pioneers  We are seen as authoritive  We have stability  We make money
  • 18. What next for 3P Logistics? Chapter 11 Onwards Short to Mid Term o Build a £3m / 10,000 pallet extension o Acquire existing £2.5m Warehouse o Develop In-house software o Mergers and acquisitions o More strategic partnerships o We`re going to have a whale of a time doing it !
  • 19. Top 5 Must Do`s Watch your business fly My Top 5 Business Tips to takeaway I. Put your people at the heart of your decision making II. A me too business can work but a “yes and” business works much better III. Be prepared to change course – its an unpredictable journey IV. Learn to share – evolve from control and conform to community V. If you`re not enjoying the journey – STOP what you`re doing and ask WHY?
  • 20. Thanks For Listening Any Questions? VISIT WWW.3P-LOGISTICS.CO.UK
  • 21. Closing Remarks Dawn Duggan Executive and Workforce Development Manager Business Growth Hub
  • 22. Forthcoming Events 11th May – Finance for Growth Breakfast, Oldham 27th May – Business Growth Lunch, Oldham www.businessgrowthhub.com/events Wigan Expo 2016: Friday 7th October at Robin Park Sports and Tennis Centre
  • 23. Please leave your feedback • Online feedback questionnaire http://bit.ly/WiganApril • Feedback cards available on the registration desk
  • 24. Contact us to find out more Phone: 0161 359 3050 Email: info@businessgrowthhub.com www.businessgrowthhub.com @bizgrowthhub • +Businessgrowthhub BusinessGrowthHub

Editor's Notes

  1. ….engaged with circa 20k companies ….supported 6.5k in depth ….raised nearly £60million in funding offers ….got over £12.5m of grants out to companies…leveraging £40 million investment ….created 6k jobs ….safeguarded 11kjobs …had a GVA impact of £55m …identified £36 million of cost savings …reduced carbon by ….£1million tonnes over 14 year period