This morning, I had the pleasure of sharing breakfast with the likes of Mark Ball and Dick Hubbard. For those of you that don’t know who these gents are, Mark Ball is the Mayor of Franklin, and Dick is famous for a couple of things. Firstly as an ex mayor of Auckland City, and also the founder of Hubbard Foods Ltd.
Dick was the guesst speaker at the Enterprise Franklin Business Breakfast Series, and this is what he had to say:
- The Hubbard brand was born in the last recession we had, just after the stock market crash in 1988. As they were a small cereal company, they were able to do things under the radar and quickly move on up without the big boys noticing. They were too busy trying to weather the storm to notice the likes of Hubbard becoming successful. Point: If you are a young company and just starting out, this can be an advantage. If you can make it during the tough times, you are on to a winner.
- Whenever there is growth in the economy, there will always be a downturn. That means that roughly every 20 years or so, we could be at this same place we face now. Point: Plan for it, how are you going to weather the storm and possibly lose market share whilst someone else moves in on your patch?
- Celebrate failure. If you have not had some failures along the way, you have not tried hard enough. Point: Don’t be afraid of it, embrace it, try again and move forward.
There are always words of wisdom from those that have been there and done that, and I love it. Bring it on. If you are not currently investing some time in your business education, you had better start. Business breakfasts like these are a great source of not only education, but future customers. If you see a woman from Blue Banana, Say hello, it’s probably me.