Unlocking your Inner Entrepreneur with Kathy Adcock
Kathy Adcock is a clinical psychologist, a boxer, and the founder of social enterprise In Your Corner. She's also a passionate social entrepreneur. She's here today to talk a bit about her journey, and how we can develop that entrepreneurial spirit.
The highlights
- Kathy tells us what she does with In Your Corner, and how it all began 02:52
- Kathy explains how she turned In Your Corner into a reality 04:14
- Kathy talks about finding people who believe in the idea and being a sole director 08:21
- We discuss trusting others with your idea 09:24
- We talk about the speed of decision making when it’s your own business 11:07
- We discuss the benefits of doing different jobs in the NHS in order to learn key skills, and how NHS experiences give us the impetus to create a social enterprise 12:00
- We talk about the importance of having qualified and experienced people working on social enterprises, and the impact on costs 15:20
- Kathy speaks about the need to be assertive and not undersell yourself 18:39
- We discuss income, and charging the right amount 20:15
- Kathy explains how entrepreneurship is not just having the idea, but doing it 21:27
- We discuss how marketing is listening, and the importance of listening to feedback and objections 23:42
- We talk about the identity of being a psychologist and an entrepreneur 30:40
- We explore the ownership of expertise, and collaborative versus leadership skills 38:15
- Kathy discusses how the autonomy of the psychology profession is a good fit for entrepreneurship 43:19
- Kathy tells the things she recommends would-be entrepreneurs work on 44:19
- We discuss getting help for, and giving away the bits you don’t want, like finance 46:41
- Kathy tells us where we can find out more, and how to get in touch if you’re interested in becoming a partner 49:12
Links to find Kathy:
In Your Corner: www.inyourcorner.uk
Facebook, Instagram and Twitter: @iycboxing
Facebook: https://www.facebook.com/iycboxing
Instagram: https://www.instagram.com/iycboxing/
Twitter: https://twitter.com/IYCboxing
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TRANSCRIPT
SPEAKERS
Rosie Gilderthorp, Kathy Adcock
Rosie Gilderthorp 00:01
Welcome to the Business of Psychology podcast, the show that helps you to reach more people, help more people and build the life you want to live by doing more than therapy.
This weeks podcast episode is really special to me because it’s the kind of episode that reminds me exactly why I started the business of psychology podcast. It’s also the 50th episode to be published of the business of psychology so it’s a really big milestone for this podcast. So before I launch into the interview with Dr Cathy Adcock where we talking all about entrepreneurship and how the entrepreneurial spirit can help us to have more impact on mental health and how we can foster that in ourselves which is such an exciting topic which I’m really excited to share with you all. I just wanted to announce that we are having a little bit of a celebration this week and at the same time trying to increase the reach of this podcast. So as you may know (or you may not know) the number of reviews that a podcast has determines how many people the podcast platforms show the podcast to. So if you want to grow your podcast you really need to get some good positive reviews. So with that in mind, I really want to grow the reach this podcast because I’m really really proud of the content that we’ve created. I’m really proud of what me and the members of the team here at the business of psychology have produced and I’m really proud of a lot of the inspiring people that come on and spoken to us. So I want to get his podcast out to more people and a great way to do that is asking all of you guys, listening now, to swipe up on your podcast app go to the show notes bit and leave us a five star review and if you do that, take a screenshot and share it on social and tag me in. I’m @domorethantherapy on Facebook and @rosiegilderthorp on Instagram. Then I will enter you into a competition and you might just win a £50 Amazon voucher. Feeling generous, feeling flush because it is a big celebration week for us this week. So please if you enjoy the podcast if you get value from it, please do rate, review and share it and let’s get this podcast out to more people. So without further adieu, let’s get on with the show!
Today I'm talking to Dr. Cathy Adcock. Kathy is a clinical psychologist, a boxer, and the founder of social enterprise In Your Corner. She's also a passionate social entrepreneur. And she's here today to talk a bit about her journey, and how we can develop that entrepreneurial spirit. Welcome to the podcast, Kathy.
Kathy Adcock 02:51
Hi, thanks for having me.
Rosie Gilderthorp 02:52
So, firstly, I think we'd all love to hear a bit about what you do with In Your Corner. So how did it all begin?
Kathy Adcock 02:59
So um In Your Corner, obviously, well, I was a psychologist first, and I think that's an odd thing to say. So, I didn't grow up like a sporty kid who was in a boxing gym like that, that wasn't the deal. Like, I was born in the 80s girls weren't allowed to box. So I was trotting along as a psychologist and I kind of found boxing within a commercial gym actually. And then through that joined a boxing club. And I just really got on with it. And I suppose I, I got really interested in, in particular the relationship you have with your coach, and how much they kind of look after you in very kind of physical ways like that, you know, they pour water into your mouth, they kind of wrap your hands, there's something really, you feel very well looked after, as they pat you on the back and send you out. But I also was interested in the kinds of, just the kind of my personal mental health benefits from boxing, boxing's been amazing for my well being personally and I kind of thought there's a lot of boxing for change projects around like there's a strong narrative in boxing run like boxing, boxing helps young people's well being that's not very well articulated. And it's not particularly kind of theoretical. And I was kind of thinking, well, how could we build on that and kind of supercharge it, so that I can kind of combine what I know about what works for like adolescence to what I think works about a boxing gym, and kind of create a way of working, where we're using boxing, not just as an engagement hook, but also kind of maximising its therapeutic potential in an evidence informed way.
Rosie Gilderthorp 04:34
Wow. I mean, that sounds like quite a mission. So how did you first kind of go about turning that into a reality?
Kathy Adcock 04:42
Um, so I guess, I suppose you, you've got to find people who are interested in coming along for the ride. So I guess in the first instance, I was thinking, I mean, I met a coach, actually, who'd had quite an interesting journey himself, so he was experienced. And had had quite a complicated time in the way that quite a lot of our young people have. And I thought, oh, you'd be interested, you know, you'd be an interesting coach in this context, because you kind of get it from a lived experience and perspective. So I found a coach, I actually it was my boxing club at the time that I approached and said, look, I've had this idea. Can I can I do it in your club? And they said, Yes. And I just kind of built on, I guess, the people I knew. And you know, like existing relationships really. So who do I think a safe pairs of hands and boxing? Who do I think a safe pair of hands in, in psychology? And how can they help this endeavour? And, um, I guess I ran a pilot outside of the NHS, because I just felt a little bit, what's the word? I guess I felt like the NHS might just be very resistant and worried. Yeah, like I didn't, there was a lot of like, aren't you going to get aggressive young people to hit each other in the face? And I suppose the important thing to say is no, because we're non contact, but also, there's no evidence that doing a combat sport would make you more aggressive. Like it's not about violence. Actually, there's a lot of regulation involved in order to do it well, and so I'm, I would argue the opposite. But I kind of thought, you know, getting this through governance in the NHS is going to be a challenge. And also, it's quite hard to innovate and the NHS at the moment, I mean, I don't know what services people work in, I still work in the NHS part time. And it feels like, you know, there's certain pressures within the NHS that mean, if you have a new idea, it can be quite hard to get back in to do it. But then if it is successful, then the trust sort of want it as theirs. I kind of thought, you know what, this is mine I'm not going to battle for like two years to let you, you know, to have you let me do a pilot for you then to you know, publish the model as your intellectual property that didn't kind of sit very well with me. So I just kind of used the people I had around me got a pilot going. And then just really outcome'd very, you know, really thought about outcomes, because I just thought, you know, this is your chance to really think about whether this works and obviously psychologists are very well placed to think about outcomes. And then from that pilot, because the outcomes looked really good, we managed to, it feels weird saying that, because three years later, I'm still like, I don't know quite how this happened. But basically, we managed it. In Your Corner and the boxing club managed to win a European award really quickly, like for that pilot, we won an award, which was good for credibility. And then we managed to get Southwark local authority on board for a three year partnership and Comic Relief funded it with quite a significant pot of money. So it was like a kind of, it went from like a very small pilot with really not much money to two or three year fully funded project in which we're now in year three of so um, yeah, it was a bit of luck I think partially that jump, but that's what's really kind of embedded it and got it going. It's kind of gone from there.
Rosie Gilderthorp 08:05
Well, I can see why you feel like it's a bit of luck. But also, what I'm hearing in that story is that you made partnerships from the beginning, you didn't try and do this in a silo you got into your community and found who could help you.
Kathy Adcock 08:21
Yeah, and I think that it, yeah, and I think there's something about, you know, I think you do know your stuff as a psychologist, d'you know what I mean, like, you might not feel like you do, like, I know, we all have a bit of imposter syndrome, but you do know your stuff, and I think there's something about just kind of knowing, that having enough confidence to just think, you know, I'm gonna, I'm gonna give this a shot, and I'm gonna find some, I guess, early adopters, I'm gonna find some people who believe in the, in the idea to just kind of give it a go. I mean, I think, you know, what, I suppose that's quite an entrepreneurial behaviour, actually kind of finding people early on, I think, if I could turn back the clock, I would have found a partner at the earliest stage, because I'm a sole director. And so as much as we have delivery partners, on different projects, actually, you know, I am the director of the business by myself. And that's kind of an interesting position to be in, at this stage. Because I think I would, I wish I had, I wish I had another director, I think probably.
Rosie Gilderthorp 09:24
I really resonate with that, I think it's really difficult to put that trust in someone else, especially, you're saying at the beginning, this is your passion, it's your idea. And you want to own it, and that's partly what gives you the drive to go forward with it. But at the same time, it means all the responsibility weighs on your shoulders. And when you get fully funded, I imagine, that becomes an awful lot of responsibility quite quickly.
Kathy Adcock 09:50
And it's, it's interesting, because I think early on, I think if I, because it's quite specific isn't it, it's quite nice. I think early on, if I'd found the right person, I think I would have been more able to jump in with them. At this stage I'm like, I've built this alone for this many years, so actually what you're what you're asking someone else, you know, you're trusting in someone else with something really quite significant. Whereas if you're at the start, actually, you know, there's, there's less to lose, I think, and it's a bit easier to trust. I sound like I'm not very trusting, which isn't the case. But I think it is your baby to some degree. And you know.
Rosie Gilderthorp 10:27
Absolutely, I think anyone listening to this, who's got a private practice, has got their own business knows that feeling. It's like you, part of what we love about being in private practice, or independent work of any sort, is the fact that you can craft what you believe is going to be the most beneficial. And actually, if you did have a partner from the beginning, you wouldn't have agreed on everything, you might not have agreed on what those outcomes should be, or you would have had to have made a compromise. And what I love, if I'm honest, this may sound can egomaniac, but I do love the fact that I decide what outcome measure I use, I decide what therapy is, is best what to invest in.
Kathy Adcock 11:07
There's something I really like about the speed of decision making as well. Like, I've got advisors, so I've got a range of advisors that I talk to about things. So it's like having a board if you were a charity, but it's not a board because we're a social enterprise and, and so I obviously consult with people, and they helped me think but ultimately, you know, I consult, I develop an idea, I execute. And I love that because actually it means if we need to change tack or whatever, we can be quite agile and yeah, I think that's a strength really.
Rosie Gilderthorp 11:37
Absolutely. The fact that you can move through that process, get your data back, did that work, and then make a, make a tweak to it and try again. I think honestly, there'll be so many people listening to this in the NHS feeling envious. Because that's what always frustrated me about my NHS work. So we would have an idea, there'd be loads of passion and excitement for it. But that cycle would take so much.
Kathy Adcock 12:01
Just gets killed by governance. You know, obviously governance is important. It's so interesting, isn't it? Because I suppose the entrepreneurial view on the NHS would be at a time when your resources are so stretched and you are so limited, that is the time to innovate actually, because what you're doing, you know, you can't do because demand outstrips resource. But yeah, things get very, you know, things get very stuck. I mean, I suppose what I would say about the NHS is that I have been a mercenary, I've strategically use the NHS in order to teach me what I need to learn. So like, I'll be 100%, super honest, sorry, to anyone who is involved with the services that I banish. I am a therapist at heart. I like delivering therapy, like, as we all know, from the NHS, you can't really progress in your career, whilst just seeing clients, you know, you've got to do other stuff. And I took a service manager job four years ago, which, where I don't really hold a caseload unless I really, you know, really want to, like, it's not in my job plan. So I'll pick up cases to keep my skills going. But I don't, it's not a core part of my role. But what my job is, is, is kind of, you know, line management, leadership, recruitment, you know, managing budgets, designing services, co design, all that stuff. And I absolutely strategically did it because I thought, this will teach me the skills I need for my business on time that, you know, I'm not paying in time and money to do it. And actually, it's been really helpful, because, you know, I've learned things through line management. And, you know, I've learned about HR, all sorts of stuff that I just wouldn't, at this point in my business, where you're thinking, how do I employ people, I just wouldn't know how to do that. If I hadn't taken that role, so I think the NHS, you know, can be very, it can be very helpful in teaching you some skills that you might need in your independent practice. But it probably means you're compromising a bit on whether you're doing a therapists job or not.
Rosie Gilderthorp 14:02
I also think often it's our NHS experience that equips us to really know where the need is, because you see the gap don't you, you see the people that are falling through the cracks, and that, you know, the people that we get really upset when we can't engage them, and all of all of those things, thats's really what gives you the impetus to go and create a social enterprise.
Kathy Adcock 14:24
And really the kind of young person that I think In Your Corner really works for so I used to work in looked after children services, and now I work edge of care. So it's the it's the same cohort, really, and in looked after children, you know, we'd...