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Real Life Journeys With Todd & Emma
Guests this week are Todd Smith and Emma Baylis, who have been in "takeover” mode with their business venture. Todd's father had built up a strong local business manufacturing Fibreglass parts as a solo venture but had let the business slow down in his old age. Now Todd and Emma are in charge, they are on a mission to become the West Midlands Number 1 provider of high quality composite parts.
KEY TAKEAWAYS
- Having built up a thriving solo run local business, when it came time to retire, Todd's father slowly reduced the contracts and let the business run down going from a staff of 7 to just him.
- When Todd and Emma decided to take the business on, his first course of action was to rebuild and regain the contracts. Today TPS Fibreglass employs a team of 5, working locally in the West Midlands.
- You will always have to pay top of the market wage wise for the best people. If you want to be the best at what you do then you have to have the best people for the job.
- The biggest struggles for the business are fine tuning the way the business wants to work and cash flow issues over the Christmas period. Balancing the holidays of employees was a new challenge for the pair.
- Todd and Emma initially tried to branch out into too many different areas when they took over. They’ve not learned to stick to doing what they do best.
BEST MOMENTS
‘You need to have the right sets of skills’
‘You’ll make more making lower quantity but higher quality products’
‘You can do anything but you can’t do everything’
EPISODE RESOURCES
https://www.tpsfibreglass.co.uk/
https://www.instagram.com/tpsfibreglass/
https://www.facebook.com/tpsfibreglass
Email: tpsfibreglass@gmail.com
Linkedin: www.linkedin.com/company/tps-fibreglass/
ABOUT THE HOST
With over 25 years of experience in IT Management and Business Consulting and 10 years plus helping hundreds of property investors through training, mentoring and speaking; Tracy founded Witch Property. Tracy is renowned for her knowledge on property & business and her ability to sell, market and grow the property individuals and companies she works with.
With a wealth of experience in business and property, Tracy has a rare capability of mixing her skills in this space with her knowledge of the mind, to ensure a truly rounded experience for growth and development.
Tracy on Facebook
Follow Tracy on Instagram
Tracy's LinkedIn
PODCAST DESCRIPTION
This is a podcast for anyone starting out in business with a willingness to learn from others. Hear stories from guests that have gone from zero to hero in their business and find out what advice they have to share. Tracy will also be bringing you stories from everyday people who are just starting, or are only part way through their own story to success.
View all episodes
By Tracy Cartland-Ward & Dawn WillockGuests this week are Todd Smith and Emma Baylis, who have been in "takeover” mode with their business venture. Todd's father had built up a strong local business manufacturing Fibreglass parts as a solo venture but had let the business slow down in his old age. Now Todd and Emma are in charge, they are on a mission to become the West Midlands Number 1 provider of high quality composite parts.
KEY TAKEAWAYS
- Having built up a thriving solo run local business, when it came time to retire, Todd's father slowly reduced the contracts and let the business run down going from a staff of 7 to just him.
- When Todd and Emma decided to take the business on, his first course of action was to rebuild and regain the contracts. Today TPS Fibreglass employs a team of 5, working locally in the West Midlands.
- You will always have to pay top of the market wage wise for the best people. If you want to be the best at what you do then you have to have the best people for the job.
- The biggest struggles for the business are fine tuning the way the business wants to work and cash flow issues over the Christmas period. Balancing the holidays of employees was a new challenge for the pair.
- Todd and Emma initially tried to branch out into too many different areas when they took over. They’ve not learned to stick to doing what they do best.
BEST MOMENTS
‘You need to have the right sets of skills’
‘You’ll make more making lower quantity but higher quality products’
‘You can do anything but you can’t do everything’
EPISODE RESOURCES
https://www.tpsfibreglass.co.uk/
https://www.instagram.com/tpsfibreglass/
https://www.facebook.com/tpsfibreglass
Email: tpsfibreglass@gmail.com
Linkedin: www.linkedin.com/company/tps-fibreglass/
ABOUT THE HOST
With over 25 years of experience in IT Management and Business Consulting and 10 years plus helping hundreds of property investors through training, mentoring and speaking; Tracy founded Witch Property. Tracy is renowned for her knowledge on property & business and her ability to sell, market and grow the property individuals and companies she works with.
With a wealth of experience in business and property, Tracy has a rare capability of mixing her skills in this space with her knowledge of the mind, to ensure a truly rounded experience for growth and development.
Tracy on Facebook
Follow Tracy on Instagram
Tracy's LinkedIn
PODCAST DESCRIPTION
This is a podcast for anyone starting out in business with a willingness to learn from others. Hear stories from guests that have gone from zero to hero in their business and find out what advice they have to share. Tracy will also be bringing you stories from everyday people who are just starting, or are only part way through their own story to success.