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Trump Cards…

Mr. Loadlink had matters of his own to attend to as the USA’s new president settles into the White House and the country prepares for Super Bowl Sunday.

Dodgy customer service aside, it’s felt like being in the USA even when thousands of miles away here in the UK in recent weeks. Donald Trump has been all over the headlines and everyone has got an opinion on the country’s controversial new president. Seek reprieve on a sports channel and it’s not long before even UK media references this Sunday’s 51st Super Bowl. America is a relevant but touchy and contentious topic.

It’s fitting therefore that my first business trip of the year was across the Atlantic to California, where Straightpoint’s USA business is headquartered in Camarillo. I was prepared for raging debate between those who voted for Trump and others more concerned about decisions he has made in the early days of his presidency. I was equally equipped for New England Patriots versus Atlanta Falcons wrangles as the sides prepare to battle it out in the Super Bowl this Sunday.

However, while there were indeed feisty exchanges about the key subjects of the day, the trip served as a welcome and uplifting distraction, with a long and energising agenda tackled with vigour by the North American team. Annual plans, induction of a new general manager and a talent restructure were priorities, alongside the usual networking activities that I always supplement such business trips with.

Laying foundations

I’m prepared to put in as much time as required in January to make sure plans are in place across the company. Preparation frustrates many business leaders and owners as though it delays productivity. I disagree with that and believe the more effectively we plan, the better the results will be. I’d happily dedicate the whole of the first month of the year to planning, confident that we’ll be thankful for doing so as the next 11 months whizz by. It’s not always easy to troubleshoot when the unexpected catches us unawares.

It was the first planning session Jeff Miller, the new general manager of Straightpoint Inc., participated in and it was thusly a good time of year to make the appointment. Jeff brings a wealth of experience to the company with a background in sensors, aerospace and engineering operations, having excelled in a variety of roles including vice president and CEO.

As is the case at Hampshire headquarters, the focus for the USA operation is hitting sales targets so ambitious plans for our company can be funded and achieved. To that end, Jeff will introduce more lean processes and systems, whilst getting a handle on fiscal control. John Molidor, meanwhile, steps into a challenging new role as director of sales for the western hemisphere. Tressie LaBass, customer and sales support administrator; and Scott Abernethy, technical specialist, complete the team in Camarillo. Aaron Orsak, technical sales engineer (Houston); and Wayne Wille, technical sales manager (Minneapolis) work from satellite offices.

Team USA (from left to right): Aaron Orsak, Mr. Loadlink, Scott Abernethy, Jeff Miller, Wayne Wille, John Molidor and Tressie LaBass.

Team USA (from left to right): Aaron Orsak, Mr. Loadlink, Scott Abernethy, Jeff Miller, Wayne Wille, John Molidor and Tressie LaBass.

The lesson from the restructure is that it’s worth continuing to scrutinise even successful companies and subsidiaries. Straightpoint Inc. has earned its status as a gazelle company (the name is generally given to high-growth companies that increase revenues by at least 20% annually for four years or more), yet we haven’t been afraid to ring the changes or adapt strategy to realise exponential growth opportunities.

Talking tactics

Tactics are important, as the New England Patriots and Atlanta Falcons (Donald Trump, even) would agree.

An interesting discussion topic during meetings with Jeff and the USA team this month was strategic versus tactical sales. John, for example, is adept at working with CEOs and other corporate professionals at strategic level, while Aaron might more commonly be engaged in tactical dialogue with a customer who has an immediate requirement for half a dozen load cells, for example. Both are equally important and the recent restructure will give all of our stateside personnel the opportunity to align their best skills with our valued customers and the growth strategy for the business.

One could think of our North American subsidiary as our largest distributor. We don’t manufacture product in the states but we serve our customers as though we do. As I blogged about last September, we recently switched to an enhanced system for global stock management. With product in the UK, Camarillo and Houston, it’s important to keep track of everything and ensure the inventory reflects demand so we can continue to deliver to short lead times (a hallmark of the company) but aren’t generating too much stock unnecessarily.

There are a lot of European companies in the lifting equipment business—we compete with some—who supply the North American market without such infrastructure and strength of personnel in place. We offer the marketplace product and expertise available in customers’ time zones, when they need it.

Do you remember the guest blog John wrote last August? In it, he said about 75% of customers make their first contact with us by telephone. Imagine therefore how important it is to make sure those calls are answered and that the customer knows they’re working with a domestic supplier.

It’s food for thought, if anyone reading this is struggling to upscale a North American business or has plans to penetrate the market for the first time.

Gavin delivers

Not quite to the same extent as Donald Trump or Patriots quarterback Tom Brady, but UK employee Gavin Arnell has been in the news recently. First, the product technician was photographed on our social media platforms at his football team Manchester United’s ground, Old Trafford, where he was a special guest of DHL as the home team thrashed Reading 4-0 in the FA Cup Third Round. DHL play a key role in getting our products around the world and I was glad Gavin took the networking opportunity and saw his team win.

A couple of weeks later, Gavin was widely covered by trade media for passing the Lifting Equipment Engineers Association (LEEA) P1E Foundation Course. He out-performed lifting equipment professionals of far greater experience to pass at the first time of asking and now goes onto the Lifting Equipment General (LEG) Advanced Programme, a five-day intensive course, in April. As Alfie Lee, operations director, said in the press release, we are exploring the wire rope industry in greater depth and having someone with these qualifications will be of huge value.

We are in the process of completing our progression from development to full member of LEEA and Gavin’s exposure to the association’s training content is timely. As we continue to align ourselves with the leading representative body for all those involved in the lifting industry worldwide, we will also exhibit at all four LEEA roadshows this year in Sheffield (March), Belfast, Dublin (both June), and Bristol (September).

Finally, I can’t say too much about it now, but we’ll launch a groundbreaking innovation next month. The only clue I’ll give you is it’s for measuring tension on static lines. Watch this space!

I never thought I’d have a need to write about Donald Trump or Manchester United, let alone in the same blog, but these are unprecedented times. Thank you for reading.

Mr. Loadlink

@load

Bank On It…

In his final blog of the year, Mr. Loadlink explains why a presentation at a recent networking event provided much food for thought heading into 2017.

They say breakfast is the most essential of feeding times. It turned out to be just that earlier this month (December) when I was invited to attend a networking session over the all-important, opening meal of the day.

Not only did the coffee and sustenance prepare mind and body for another big day, but also the content was equally nourishing. Guest speaker was Henk Potts, director of global research and investments at Barclays, who touched upon all the hot topics that have been aired in boardrooms all over the world of late.

Potts wrapped up anecdotes and bite-sized forecasts about Brexit, the state of the oil and gas market, exchange rates, Donald Trump, and more. He shared them with those present almost as though they were breakfast treats. The difference, however, was that these snippets, while just as moreish, offered more than a short-term sugar rush.

The insights Potts was offering were more dietary supplements or stimulants that will help us business owners and thought leaders run faster, last longer and hit harder in 2017, providing we took the right dosage and consumed them sensibly. To be taken after eating and washed down with a soft drink, the brainy banker’s breakfast bites were hugely satisfying.

If I had to take just one thing from Potts’ morning message, it would have been his references to uncertainty. He said nothing is more certain heading into next year than the damage we can do to businesses, the economy and our all-round stability, by being indecisive or using these all too familiar signs of our times as excuses to dither.

Trump cards

Show a bias to act, he meant. Get stuck in. It doesn’t matter whether one is a Brexit backer or has a Remain campaign t-shirt screwed up in the bottom of a wardrobe. Regardless of the percentage of business contributed by the oil and gas market during its last (barely memorable) boom. Despite fluctuating exchange rates and one’s opinion of the new USA president elect. The only Trumps that really matter are those among the cards we play.

Imports, exports, production, even the cost of breakfast, are all negatively impacted by uncertainty, Potts argued. If the market and outside world aren’t providing the security we seemingly crave, we’ve got to at least be certain about our own goals and the actions we need to take to achieve them. If it feels right, it fits the business model, an audience is ready to consume it, go ahead and launch the load cell, hoist, hydraulic press or whatever else it might be. Invest in the equipment, team and marketing. Create certainty.

To be clear, Potts didn’t add the next bit—but I’m going to. I think industry could finish the calendar year stronger, and do so with a greater degree of tenacity and certainty. As the cultures that celebrate it prepare for the Christmas season, there is a tendency to coast towards the festive period and the end of the year. I’m not going into Ebenezer Scrooge mode here—I hope everyone has a restful and enjoyable time with his or her friends and families—but do we really have to go into a holding pattern for a month?

We’ve had a strong second half of the year, like many other businesses we network with, but I fear valuable momentum is lost by a ‘Leave it until next year’ attitude. It’s the same as the ‘Let’s wait and see how the oil and gas market looks in Q2 2017’ or ‘I’ll see how hard Brexit hits’ mindsets that Potts warns us against. Feasting on turkey is one thing, but starving a business or industry of productivity for weeks beforehand doesn’t lead to a Happy New Year for anyone.

Culture of certainty

I’ve blogged about diversification before and it’s been a big part of the culture of certainty that we’ve created at Straightpoint. It’s not an attitude of presumption or arrogance about end results, but of confidence in our direction and conviction in our methods. We went ahead and launched StageSafe, a 3t load cell dedicated to the theatre and live events industry. We pressed the button on a research and development programme before unveiling Proof Test plus (or SW-PTP) software. We immersed ourselves deeper into the marine sector. And we committed to go the distance with the transportation industry. All because we were certain it was the right thing to do—so we did it.

We’ll stick at it too. Yes, the Organization of the Petroleum Exporting Countries (OPEC) has reached an agreement on lower oil production that will surely fuel growth, and oil prices might be about to hit $60 a barrel, but that isn’t going to signal a Straightpoint walkout from the markets we’ve diversified into. Certainly not.

We’ve worked hard to broaden our horizons and we don’t want to revert back to increased dependency on the oil and gas market. Of course, we welcome a likely bounce back in the offshore sector during next year, but we’ve had record months in H2 2016 without being reliant upon it and it’s important we retain that diversification to lessen the peaks and troughs associated with too deeply embedding oneself in any cyclical marketplace.

Preaching to the converted

I remember referencing Potts’ speech to Mike Duncan, managing director of the Gaylin Group of companies during a recent trip to Dubai. Neil Brodie, of Rigmarine’s (a Gaylin company) Kazakhstan facility; and George Ball, of the company’s Azerbaijan location, joined us for productive meetings. As I alluded to in my last blog, Mike and his team have shown conviction and certainty in recent times to continue a growth strategy despite the oil and gas market’s coolness. It was good to reflect on 2016 together.

Actually, I’ve extended an invitation to Mike to guest blog in my place early next year. He’s accepted and I’m looking forward to giving a kindred spirit the opportunity to connect with our audience. Having recently opened Gaylin’s sixth hub in South Korea—others are in Singapore, Malaysia, Indonesia, Vietnam and China—it’ll be good to get a different, and truly global perspective on the offshore and other markets. Watch this space!

After formalities, we took the opportunity to go to the Emirates Airline Dubai Rugby Sevens, where we saw England start the day with a dramatic victory over Scotland in the quarter-finals. Given the Scottish roots of Mike, Neil and George, it was good to punctuate the business babble with friendly banter as England continued their quest to what was eventually to be a bronze medal-winning campaign. If you get a chance to attend the event I’d thoroughly recommend the atmosphere, carnival spirit and world-class sport to anyone.

Distributing the plan

Upon my return I’ve been engaged in planning activities, largely centred on business development and marketing for 2017. A presentation will be given to all staff early in the New Year, including many of the core values shared in this blog over the last 12 months. Prevalent throughout are references to our inbound marketing endeavours, for example. I also travelled to Straightpoint Inc. headquarters in Camarillo, California this month where much of the focus was on reviewing the year before I’ll return in January for 90-day planning.

A significant change in global focus is a commitment to develop our existing distribution network rather than looking to significantly expand it, as might have been the case in earlier years. In 2016, for example, we named around 20 new partners across the world. That was very much aligned with a goal to add partners to the network, but now it’s about motivating, educating and inspiring existing distributors to be the best ambassadors for the business possible.

Others who sell through distribution channels might consider a similar change of focus. It’s one thing to have a rapidly growing network of partners, but what opportunities might be slipping through the net because they’re not fully aware of the capabilities of a product range or are lacking sufficient knowledge to effectively communicate a solution out in the field?

Barclays’ Potts will be pleased to hear we have committed to a number of product launches in 2017, which I can’t say too much about yet but they’ll certainly feature in upcoming press releases and blogs.

That’s all for 2016! Continue to connect with us on social media over the holiday period and use the hashtags #loadcell and #belowthehook to engage.

Mr. Loadlink