On today's show we have David Farquhar, CEO at Intelligent Growth Solutions, he is a transaction-oriented serial entrepreneur with a track record of delivering shareholder value, currently leading the rapid global growth of vertical farm manufacturer Intelligent Growth Solutions. Prior to this he had retired, following the turnaround, transformation, growth and exit of global enterprise SaaS vendor Workplace. He has started 20 companies, sold 13 and has the hard-won experience of having lost three.
Where he learnt the best business lessons. We think it's safe to say that David has written a book on growth and more importantly culture.
We kick off by asking David to share his career journey and what has brought him to where he is today:
Far less glamorous when you living it
Combination of 2 things.
First, he's no good at anything else.
He had a tough childhood, really bad at taking orders.
Loves food, tried Hotel Catering Management, didn't have the aptitude to focus for long enough - married to a Chef.
He was a bad boy, he had an Aunt who was financing him, and Father gave up on him.
Aunt gave him a choice; Army, Navy or Air Force?
Went to the Army for 8 years and came out as a Captain, did him the world of good.
Came out with many friends.
Spent time all over, with many cultures.
Discovered he had an innate instinct in terms of looking at a situation, making a plan, and communicating clearly peoples contributions.
Enjoy helping others succeed, giving people permission to succeed and get on with it.
“Proceed until apprehended.”
Good at getting other people to do all the work, that's how he ended up as a CEO.
Thanks to the talented people around him.
130 people to 90
Give people work life balance.
A win/win situation.Next we ask David, what are the tools he uses to size someone up, what's on his clipboard when he is inspecting the team?
I'm not heavily into the science bits of HR
When he took over Workplace there was a HR contractor and she always showed him charts.
Took the lid off her and she became hugely successful with a great career after that.
It's about looking at the human.
I want to read their face, how they engage, body language etc.
You need to give people time so you can learn about them.
Learned never to hire himself.
You want people to bring a different perspective.
Solve problems together.
Don't be the smartest person in the room.Then we ask David about how he shows up for people and as a leader, does he show up the same way at home and at work?
Serve to lead.
Manage by walking about.
What can he do to make them successful? He gives anyone access to the board.
Don't believe in hierarchy.
He learnt about hierarchy in the war, this is not war, we are running a business.
Him and his wife fight over the oven!
They do a lot of work in the community.
Kids are brilliant, they do their best to support them to be very independent.
Supported his wife through Cancer, supports a hospice.
They have a mentality about helping and supporting people.
“It's like at Christmas, you get so much more out of the gifts you give others than the ones you receive.”