Smart Ideas for Business Growth

Dr. Allam on Business, Hull City & Young People

1 July 2013

Well-known local entrepreneur Dr. Assem Allam was the keynote speaker at the recent business start-up advice seminar organised by Humberside Chartered Accountants. I attended to represent the Business Advice Group.

The event was fully booked with around 50 local business owners attending.

 

We all found what he had to say fascinating – his main observations were:

 

On Business:

 

1. Stick to your business plan if you really believe in it – don’t get deflected.

 

2. Concentrate on getting the lowest break-even point you can – so that you have more “insulation” if times get tough!

 

3. Understand what you are good at – and concentrate on this.

 

4. Only embark on a business venture if you can see a way out at the end of it.

 

On Hull City Football Club:

 

1. The football talk stays on or just around the pitch – the boardroom is for business only – no football!

 

2. This has allowed Dr. Allam to get the team into the Premiership without spending beyond the club’s means.

 

3. He confided to us all, that he is not a “football person” – but he is interested in putting something back into the community that has helped him grow his own business!

 

On Young People:

 

1. Contrary to much popular belief he is firmly of the opinion that we produce a lot of high quality “youngsters”. His ethos is to train school leavers and some graduates both for the shop-floor and the office. With proper training and supervision he produces some loyal, excellent employees, he believes.

(Quite where this leaves us “oldies” I am not sure?!)

 

In Summary:

 

In common parlance – the man has been there, done it and got the t-shirt!!

We all need to continue listening and learning from experienced business people such as Dr. Allam.

 

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