13.12.2019 Views

Volume5 Issue3_Larger_2019_Finalised

The London Business Journal Volume 5 Issue 3, 2019. London's #1 business magazine for entrepreneurs business owners and senior level decision-makers offering tips, features and exclusive interviews. Covering business in the UK and worldwide.

The London Business Journal Volume 5 Issue 3, 2019.
London's #1 business magazine for entrepreneurs business owners and senior level decision-makers offering tips, features and exclusive interviews.
Covering business in the UK and worldwide.

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Business Development

www.londonbusinessjournal.co.uk

have any connection with either

University), we support a football team –

and immediately learn to detest whoever

the local rivals are. We support the Left or

the Right and rarely consider the merits of

the other wing, once a decision is made.

Strongly we stand about right versus

wrong and good versus evil.

With this culture embedded within many

of us, is it really, difficult to understand

why so many find it difficult to open

warmly to organisations who in other

aspects might be considered rivals and to

trust them, with a view to build mutual

benefits.

The best summary as to what makes a

good collaborative relationship is best

summed up by my friend and business

partner, the late John Langton. He said:

“In any partnership arrangement, when

both sides feel that they have given a bit

more than they are likely to receive, then it

is probably about right”.

How right John was! He led the five of

us to an astonishing business relationship

with the famous UK life assurance

company – Sun Life. John and his

number two, Ian, had many years

experience at the head of similar but

smaller companies. They roped in three

younger directors – Paul an actuary with

the ability to design and cost attractive and

profitable products, Roger a young but

experienced Chartered Accountant to run

the financial and support operation and

myself to run the Sales & Marketing,

where I had great experience and

knowledge.

We took a year, negotiating with Sun Life

and proving our credentials to them. We

knew we had the skills to run a highly

successful business but, what we did not

have was the large administrative

operation that would be needed, nor the

established name and tradition of a 160

year­old company with a household name.

Neither did we have the, not insubstantial,

capital needed to launch the enterprise and

Volume 5 Issue 3, 201 9

www.londonbusinessjournal.co.uk

19

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!