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The library of essays of Proakatemia

Ben Francis life and Gym Shark



Kirjoittanut: Yousif Majeed - tiimistä Kaaos.

Esseen tyyppi: Yksilöessee / 2 esseepistettä.
Esseen arvioitu lukuaika on 5 minuuttia.

Ben Francis life and Gym Shark

In 2012, Ben Francis started Gym Shark. Francis used to work there for school work programmes, applying the money management techniques and work ethic he learned from his grandfather. You have to wear a lot of hats every day as a business owner. As a business expands, you too must totally transform yourself because the business is now a distinct entity from you and requires different things at different times.

 

Ben Francis recently taught me that employing staff will have different goals and a different business strategy. He talks about how he used to recruit people who stuck with him and shared his enthusiasm for the business in the beginning, but as the business expanded, he started hiring specialists who could perform the job for which they were hired at the highest level. On this point, the creator of The Diary of a CEO concurs wholeheartedly with him.

“Without self-awareness, there can be no self-development.” Steven Bartlett is the podcast host. The ability to be self-aware takes time to develop and may not feel pleasant, but it will benefit you in every aspect of your life. It was relevant to my family and business, in my opinion, but I wish I had realised this earlier.

Francis and Bartlett employ the 360-degree method, which is an anonymous assessment of a person’s character and leadership. Francis got a lot of criticism regarding the 360-degree method. After reading them, he struggled to accept that he was the person described. His wife read the paper and said it was the most honest thing she had ever read, so she threw it away after reading it. At that point, Francis started to develop and grow more self-aware.

I would really like to test this in Proakatemia with my team, KAAOS, since it would make us rethink how we engage and communicate with one another. When Francis first started his journey towards self-awareness, he didn’t feel at home in the group. After years of self-improvement, he went from CEO to project manager to marketing and realised he was ready for the CEO role. A true leader will either locate someone else who is a great fit for the role or stand down from one that is not right for them. Francis felt lost in the organisation, but I like that he didn’t become tied to the role and instead allowed others to succeed at what was right for them. Francis claims that those who are resistant to change have the weakest character attributes in the business world and typically perform poorly at Gymshark. I think he either misunderstood the question or failed to think of an immediate response. Considering that he says they don’t do well as Gymshark employees, much less as company owners, It’s not the best quality to have in a business partner or entrepreneur, but it’s also not the worst.

Covid for gymshark.

Because everyone at Gymshark had their own laptop and the company was accustomed to working remotely, they were untouched by the Corona virus. He soon realised that the Corona virus would be a significant concern because of his mother, who works at a health centre. He believed the Corona virus would never spread after reading about it in the news, yet it did. It was not an easy undertaking for Gymshark to oversee the mental health and assistance of one hundred staff.

Ben, Francis The same is true for Steven Barltlett, who thinks that office work is better since it fosters community and expedites tasks. It is a location where the younger generation, who haven’t quite worked out their lives, can come and study, meet new people, and even get married, according to Barltlett. More than 900 people work at Gymshark; most of them joined within the last year. Most of them joined in 2022, given that this video is only a year old. Not every one of them knows the reason or has worked it out yet.

“What do you wish you had known sooner?” queries host Bartlett. They both agreed that they were ignorant of the unknown, that they were only considering the business’s viewpoint and not the back end or financials, and that they were having trouble hiring qualified staff. They talk about getting the unknowns learned from knowledgeable individuals, and a lot of the unknowns are backend details. In fact, Barltlett quotes Bill Gates while expressing his goal to “be the best talent scout.” “What do you wish you had known sooner?” queries host Bartlett. They both agreed that they were ignorant of the unknown, that they were only considering the business’s viewpoint and not the back end or financials, and that they were having trouble hiring qualified staff. They talk about getting the unknowns learned from knowledgeable individuals, and a lot of the unknowns are backend details. In fact, Barltlett quotes Bill Gates while expressing his goal to “be the best talent scout.”

Ben Francis had numerous challenges in his firm, but the most trying one for him personally was when Gymshark was threatened to close after one of its employees made a mocking remark about the Black Lives Matter movement. He had to deal with a lot of hate mail that he received. He says that you need to be resilient every day in business since obstacles will inevitably arise. Francis responds, “The more you have, the more problems will come your way.”

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Although he did not terminate the employee who made the comment, he believes it would create a highly dangerous team of people who never fail if you fired everyone who failed. I have to concur with him that making errors and failing will strengthen your character and resilience. For my part, I would never put my trust in an entrepreneur who has never failed but has only succeeded. If an entrepreneur has never failed, it seems to me that when things go wrong, he would panic and be terrified of failing, but because of his resilience and perseverance, the entrepreneur who has failed can handle it more coolly and take a bigger risk.

Francis attributes his resilience to the presence of manly men in his life, such as his father, whom he emulated and learned from, and his fiancée, who supported him and encouraged him to open up more. He mentions that we would all like to say that we can talk about our emotions, but the truth is that it takes a lot of time and support. He also mentions that he prefers to process his problems internally first. Steven Barltlett agrees that it is difficult and uncomfortable for some people to open up.

Ben Francis does not want to sell his company because he sees a brighter future for it; he wants to make Gymshark an iconic British brand. He lists some nations that have well-known brands, and he believes Gymshark will do the same for Britain. He says that I won’t be able to tell when I’ve achieved this goal because it doesn’t have a measurement. Garry Veynercuk claims that it will be the finest or worst day of your life, and Francis concurs that he would not know what to do after that; thus, Steven Barltlett believes that you might not want to accomplish that goal. Gymshark solely offers their products for sale online; they don’t have any physical locations. Gymshark initially focused on offline marketing, with the brand’s first major exposure coming from events they attended as Gymshark. In 2022, they hope to create a store—or, as Francis puts it, a community hub for Gymshark—but they are still in the planning stages because they haven’t signed a lease. They made an effort to ascertain if individuals were attending these events as a result of Gymshark or just by chance and taking a look. Two weeks after they conducted a test on this subject in Covent Garden, COVID struck. These are the common questions that people, or would-be entrepreneurs, ask in every podcast or interview they’ve seen with entrepreneurs.

  1. I want to launch a business, but I have no idea what to do or how much money to spend. “Find your passion and learn to be disciplined,” replies Francis. He spends a lot of time on how discovering your passion can help you succeed as an entrepreneur. I disagree because most business owners and entrepreneurs pursue profitable ventures in order to expand. There are several kinds of entrepreneurs, and they all take different routes to success. 2. He says that one should not be scared to fail.
  2. I’m afraid to do something, or I’m not brave enough. “Don’t quit your job; stick with it and gradually improve your business,” Francis says in response. Francis never left his work at Pizzahut, even though he used to earn over $100,000 from Gymshark.

References

Ben Francis, The Diary of a CEO, Gymshark CEO: How I Built a $1.5 Billion Business at 19! Ben Francis (podcast)

 

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