Richard and Kerry had already been to Fast Forward Summit, one of the world’s most popular entrepreneur events, and saw the impact that mentoring from Roger Hamilton, a social entrepreneur and futurist, could have on their enterprise. So, it was only natural that when they needed guidance, they turned to Roger and iLab, a two-week business accelerator programme Roger founded in Bali.
Through the programme, Richard and Kerry created a promotion plan for their new enterprise which detailed their key financial and developmental objectives as well as milestones. Additionally, the plan developed an awareness of what really differentiated them as a business.
Richard and Kerry’s lightbulb moment during their time in Bali was realising the importance of having a greater sense of purpose.
‘We didn’t have a ‘why’ before. We were just doing business,” said Kerry.
Richard agreed. “What we do now is help people get into a flow by asking them what they really need and adding something extra to help them achieve it. For instance, we started running Facebook marketing tests for clients for free, and we proved that we could add 20% to their business turnover. As a result, we integrated that into our business. That’s the real reason we stand out from our competitors.”
After iLab, Kerry and Richard also joined Roger’s Crystal Circle, a high-level mentoring programme for entrepreneurs. At the outset of the business, they found it to be challenging.
During a mentoring session, they defined that they needed five clients to bring in £30,000 per month.
“We had this top-line turnover figure that was a priority in our minds because it seemed easier to acquire five smaller clients than a couple big ones. What we hadn’t realised is that five clients meant five times the work! When we connected with a new potential client and started the conversation, I looked at the size of his business and realised if I focused my energy on him, it would fulfill our turnover figure.”
In turn, Kerry and Richard decided to focus on nurturing that one client and provide him with as much value as possible for free.
Kerry agreed. “When you have those conversations and add the value in the back end as well, you don’t have to try to convert the customer; it just happens. Building trust early is an easier way to bring that customer home, and it is much easier than spending money on marketing.”
By building trust and offering value, Richard and Kerry secured the big contract, bringing in the revenue of five smaller clients with just one.
Richard and Kerry built T-Shirtify systematically and with a greater sense of clarity using the Wealth Dynamics Profiling system, which helps entrepreneurs discover their personal path to wealth creation. The couple used the WD test to determine their team members’ personality types.
Empowering the team has also been the couple’s priority.
“With Roger’s support, we’re helping our team to become leaders and move up the spectrum; in turn, we can too. We’re operationally excellent, so nothing is falling through the cracks. New customers are important, but we’ve got to nurture the team. There’s multiple things occurring at the same time, but it feels right.”
Richard and Kerry also sought to find their own rhythm as a couple, a young family, and co-workers as they knew this rhythm was going to be a major contributor to their success.
With a perfectly functioning team, Richard and Kerry took a longer holiday in Italy in July and saw their businesses hit record revenue without their active involvement.
Kerry concludes, “Since February, we’ve grown 12 times the size in under six months, and we’re projecting it’ll double again before the end of the year, which is impressive for something that was in a testing stage at iLab. The key thing for me is recognising that you don’t need to keep putting the foot on the gas all the time.”
In terms of revenue, T-Shirtify was sitting at about £60K annually, and by the end of the year, it’ll be at about a million.
What is your bigger ‘why?’ Who is your one customer for whom you can provide massive value? And what rhythms could you develop to set yourself and your team up for success?
“Luck is preparation meeting the moment of opportunity.” -Oprah Winfrey