man talking to microphone

Clarity, Commitment, Collaboration

As CEO and Managing Partner of smzh ag (smzh), Gzim Hasani embraces a transformational leadership style that encourages collaboration. He works to inspire trust, foster growth, and align his team’s efforts with organizational objectives. This enables the delivery of personalized financial advisory services that empower individuals and SMEs to achieve their goals. Gzim has been named Most Influential CEO 2024 – Switzerland (Insurance & Mortgage Solutions). We speak to him to learn more about his exceptional leadership, his career, and the company that he leads with pride.

In his role as CEO, Gzim Hasani leads the strategic direction and operational management of smzh ag. “Every task, no matter how small, contributes to our larger purpose. By approaching each day with clarity, commitment, and collaboration, we transform routine actions into meaningful contributions towards our shared goals. Everyone in the company understands their contribution to the smzh vision and lighthouse,” he explains.

Gzim’s journey within the world of finance began in 2009 at Credit Suisse, where he quickly took on responsibility for ultra-high-net-worth individuals (UHNWIs). From there, he moved to Julius Bär, working in the directorate. In 2018, he founded Impegno & Partners, and subsequently took over smzh ag. Starting with just five employees, he has grown the team to over 150.

Today, Gzim leads a team that embodies an entrepreneurial attitude to drive innovation and growth. “With short decision-making processes and a flat hierarchy, we respond swiftly to opportunities and challenges. Risk-taking is encouraged within our organization, and I play an active role in maintaining and nurturing this dynamic internal culture.”

He places great importance on being a positive role model, for his team and within the industry, and on personifying the core values of smzh: Responsibility, Customer Orientation, Trust, Long-Term Entrepreneurial Spirit, and Independence. Gzim goes on to tell us about his approach to leadership: “Over the years, my leadership style has evolved from a focus on goal and deadline setting to a more employee-centred approach. I prioritise fostering an environment where team members feel empowered to innovate and take on new challenges.” Underscoring this is his mantra of “Collaboration: Achieving goals requires teamwork and cooperation, leveraging collective strengths to achieve shared objectives”.

His ambitious team leverage their extensive expertise and specialised knowledge to deliver customised solutions that are perfectly aligned with each client’s specific needs. Through its all-in-one service, smzh is its clients’ trusted partner for every financial, insurance, real estate, tax, and legal need, ensuring their success at every stage of their life.

“We provide all our clients with access to top-tier financial services, regardless of their wealth or experience. Our advisory services are free for clients, with smzh earning fees from partner products. This creates a low entry barrier and is unique in the industry,” Gzim explains. This isn’t all that gives smzh a competitive edge, as smzh also implements advanced technology in order to equip and support its advisors whilst maintaining the essential human touch that – not only clients demand – but which smzh also strongly cares about.

“Our client-centric approach and bespoke services set us apart from the competition. We focus on technological innovation to enhance our advisory capabilities. Our holistic approach to wealth planning considers all private, legal, and tax perspectives to provide comprehensive financial planning.”

smzh has seen rapid growth, which Gzim tells us has required continuous adaptation and a learning mindset. This has created numerous exciting opportunities for team members to grow into new roles, develop innovative solutions, diversify their skills, and foster a culture of versatility and excellence. This entrepreneurial attitude and can-do spirit enable them to welcome new challenges and drive forward-thinking solutions. Creating such a dynamic environment has been instrumental in the company’s success and maintaining its competitive edge.

However, while fast growth is a fantastic achievement, it doesn’t come without its hurdles, such as resource constraints and the need for effective prioritisation. Gzim’s dedication towards promoting a culture of continuous learning and open communication has helped the company to overcome these challenges, with its training designed to enhance adaptability and resilience. Gzim views it as important to adapt to each team member’s learning curve and ensure that no one feels overwhelmed or sidelined, saying, “This awareness has helped mitigate potential issues and foster a more cohesive and motivated team environment.”

So, what do smzh’s clients say about their experience of working with the company? One delighted individual shares, “I have been thoroughly impressed by smzh’s commitment to providing top-quality financial services to its clients – to me. One of the things I appreciate most about smzh is their attention to detail. They take the time to thoroughly understand their clients’ unique financial situations, and then work diligently to develop tailored solutions that meet those needs. Whether it’s investment management, insurance, or other financial services, smzh has consistently demonstrated a deep understanding of the industry and a commitment to delivering the best possible outcomes for me and my situation.”

Ultimately, it’s clear to see how smzh has accomplished such incredible success. With Gzim Hasani at the helm and an excellent team behind him, the company’s growth has accelerated significantly, whilst leaving an array of overjoyed clients in its wake. Gzim’s leadership is nothing short of extraordinary, making him a deserving recipient of the Most Influential CEO Awards 2024.

Now, smzh has its sights set on the next 12 months and beyond, with no intentions of slowing down. The company plans to expand its service offerings and enhance its technological capabilities. Additionally, it plans to open six new locations in Switzerland and increase its international footprint to serve a global client base.

In terms of his own plans for the future, Gzim will be looking to develop his leadership skills and deepen his knowledge of emerging trends in the financial industry. He tells us that he will also aim to mentor the next generation of leaders within the company to ensure their success. He will also continue to value exchanges with other leading personalities, with this networking and his additional entrepreneurial activities and mandates helping him to expand his horizons and push the boundaries of what is possible.

Above all else, Gzim Hasani’s goal is to continuously develop himself, his people, and thereby the entire company, offering people perspectives and being a reliable partner for the long run.

For business enquiries, contact Gzim Hasani from smzh ag via email – [email protected] or on their website – www.smzh.ch

woman with certificate

The Pinnacle of Specialist Security

Former Royal Military Police officer Tracy Webster established Pinnacle Risk Consultancy, a renowned specialist security services business, back in 2016. This veteran-owned UK business today possesses offices in Yorkshire, Manchester, and London, tactically offering it close proximity to the UK’s major cities and easy access to many of its most bustling towns and counties. With Tracy being recognised as the Most Influential Female CEO 2024 – UK (Security and Protection), we catch up with her to find out more about her journey and this incredible operation.

When it comes to security, there is no such thing as a uniform approach. Every situation and every client is different, and so too is the solution that needs to be applied to their case. Offering a fully bespoke and tailored service that expertly covers all of the nuances of a particular brief, Pinnacle Risk Consultancy is, as its name suggests, at the very top of the pack when it comes to specialist security services. From close protection to TSCM (technical surveillance counter measures), this encompassing service covers all possible bases.

Pinnacle Risks offers these high-end, specialist security services to a range of diverse clients across the globe, from ultra-high-net-worth individuals to celebrities and even members of royal families, as well as at-risk professionals, corporate and commercial entities, and anyone else requiring security within the workplace. Regardless of the client, the company operates with “Presence of Mind”, something that extends to all of its highly experienced male and female bodyguards and field experts deployed both in the UK and worldwide.

Thanks to a background in the Royal Military Police and a wealth of experience working in the Specialist Investigation Branch, Pinnacle Risk’s CEO is more than qualified to lead in this sector. In the years since stepping away from the military, this former Redcap has spent her time further honing the skills she picked up during her service, developing by working with the likes of surveillance techniques and on undercover deployments. Whatever the nature of the mission, Tracy acts with a hands-on approach and a strict adherence to legal parameters.

Having worked within the private security industry now for the better part of two decades, it pays to go back to the beginning of Tracy’s career to fully appreciate the impact that she continues to have in this setting. In 1996, 17-year-old Tracy Webster decided to pursue her interest in law enforcement and the armed forces, signing on to serve her queen and country for the Royal Military Police. This was far from the norm at the time, particularly for a young woman from a small farming village nestled in the Yorkshire Dales.

Many people questioned this decision, and Tracy enjoyed spending the next seven years proving them wrong. Commenting on her time served with the armed forces, Tracy explains, “I learnt so much and my time in the military provided a superb foundation for the rest of my life.” From teaching her the importance of high standards to showing her what it takes to pull together and work as a team, it is the skills Tracy first picked up in the Royal Military Police that continue to guide Pinnacle Risk Consulting to success to this day.

As her career in the armed forces began to wind down, Tracy was already looking at transferring her skillset to the private security industry, a move she saw as an obvious and welcome career change. Securing a position at a corporate security organisation shortly after, Tracy was responsible for managing a specialist security unit. Tracy would excel in this role for the next 12 years, until she made the leap in 2016 and set up her own business, a feat she attributes to the knowledge and experience afforded to her by peers and colleagues.

Nearly eight years on, Tracy has built Pinnacle Risk into an accredited, leading consultancy firm comprised of a close-knit team of male and female industry professionals. Approximately 85% of this team consists of former military personnel, and the diverse nature of this highly skilled workforce aligns perfectly with the increased demand for female bodyguards and protection officers. Many female clients prefer working with a female protection officer as they feel more comfortable being protected by a woman.

“I am a champion of women in business, especially those operating within the private security sector, as we are a small and rare commodity. I see the value of us supporting each other not just in the United Kingdom, but on a global scale.”

A female owner, CEO, military veteran, and trained bodyguard all rolled into one, the role that Tracy plays in the success of the business is crucial. With her background and skillset, she is the company’s unique selling point. Clients from all over the world seek out the business to leverage this knowledge for their own gain, and Tracy collaborates closely with her team to see that this is carried out with maximum impact. Developing this team and ensuring that they thrive in their roles is one of Tracy’s most pressing priorities as CEO.

Whilst the welfare of her team and clients is of the utmost importance, Tracy tells us that she refuses to micromanage during deployment, solely because she has faith in the capability of her executive staff to deliver excellence. This is just one of many managerial traits that Tracy picked up during her time serving the nation, a tenure which has influenced her leadership approach no end. The core values that Pinnacle Risk has adopted also largely stem from the British Army, prioritising the likes of trust, teamwork, and leadership above all else.

For Tracy, getting stuck in is another big part of her duties. She explains, “when time allows, I operate as a personal protection officer on the ground with my teams. This allows me to maintain my skillset as a protection officer and affords me time with my staff that I wouldn’t ordinarily have.” She continues, “it also allows an opportunity for me to see the quality of my staff operating live on the ground, ensuring they are maintaining the highest standards. I feel this compliments my leadership style and creates stronger bonds amongst my staff.”

Unsurprisingly, work of this nature can be stressful for extended periods, sometimes weeks or months at a time. To counteract this, the team pull together as a unit and constantly support one another. As an extension of this, Tracy also strives to remain approachable, transparent, and respectful across all interactions with her team. She puts it best when she says, “I am a firm believer that if my operators are supported by me and enjoying their roles professionally, this reflects hugely on the experience of clients engaging with Pinnacle Risk Consultancy.”

It is also important to note that the company is heavily involved with the Armed Forces Covenant (AFC), and Tracy and co. pledge to support the defence community, veterans, and reservists, as well as their families, across the business. A Proud AFC signatory and holder of the Employment Recognition Scheme Gold Award, Pinnacle Risk Consultancy is essentially an extension of the success of the British Armed Forces, mixing its remarkable values with a suite of professional services that guarantee personal protection of the highest standard.

Well-versed in everything from female bodyguard services through to TSCM bug sweeps and physical penetration testing, Pinnacle Risk Consultancy takes the safety of its clients incredibly seriously. For its suite of specialist security services and the ongoing dedication that it has across this challenging sphere, we celebrate the company’s visionary leader with this award. Having come a long way from the small Yorkshire village in which she was raised, Tracy Webster is today a pioneer, a leader, and an influential CEO.

For business enquiries, contact Tracy Webster from Pinnacle Risk Consultancy on their website – https://www.pinnacle-risk.com/

Navigating the B2B Landscape: Effective Direct Marketing Techniques for Business Growth

Effective direct marketing in the business-to-business landscape furnishes the lead generation and relationship-building necessary for business growth. Unlike B2C marketing, where sales cycles tend to be short, B2B marketing generally includes more decision-makers and longer sales cycles.

Following are time-tested direct marketing techniques that help a business navigate the B2B landscape and ensure long-term growth.

Understand Your Audience

At its very core, every great marketing campaign starts with an effective knowledge of your target audience. In a B2B context, that would entail at which level in companies you target – CEOs, procurement managers, or department heads, depending on your product or service.

Conduct market research to find out as much information as possible about your prospective client’s needs, problems, and buying behaviour. This information will help in creating detailed buyer personas of who your perfect client would look like.

With highly defined buyer personas, one can tailor the marketing message to answer the specific needs and challenges of the audience.

Tailored Email Campaigns

Email marketing is a truly robust tool for B2B direct marketing. Personalised email campaigns will allow you to build relationships with your prospects, nurture leads through the sales funnel, and eventually close sales. Begin to segment your email list, focusing on criteria such as industry, company size, job role, or purchasing behavior.

Personalise the email messages about the needs and pain points of each segment. Use the recipient’s name and other relevant personal details to make the email more engaging.

You should also share some really valuable content, including industry insights, case studies, and whitepapers, which would help your prospects solve some of their business challenges. Not only does personalization drive open and click-through rates, but it also builds trust.

How to Use LinkedIn for Lead Generation

LinkedIn is the goldmine for B2B marketers. It is a professional networking platform with huge potential for lead generation and engagement. Begin by optimising your LinkedIn profile and company page to show your brand experience and value proposition. Include appropriate keywords so you pop up in search results.

Engage your target market through the sharing of relevant content, be active in industry forums, and participate in active LinkedIn groups. Robust search functionality on LinkedIn enables the ability to find and engage prospects much more easily.

Personalising the request to connect and the follow-up messages will further enable you to deepen the relationship with key decision-makers. You can also utilize an ad option through Sponsored Content and InMail for additional lead generation.

Content Marketing and Thought Leadership

Content marketing is one of the pillars of B2B direct marketing. You will be in a position to place your brand at the forefront of its niche by creating valuable content and sharing it to attract prospects. Design a content strategy that will include a mix of blog posts, whitepapers, case studies, infographics, videos, and webinars.

Address the crucial pain points of your target audience. Share actual, useful insights, practical tips, and data-driven analysis that would help your prospect make a decent decision.

Consistently posting quality content not only drives way more traffic to your site but also establishes trust and credibility in your brand. Share your content via email campaigns, social media, and industry forums to reach a larger audience.

Account-Based Marketing (ABM)

Account-based marketing is an ultra-targeted approach—instead of casting a wide net, ABM tailors the marketing efforts toward the unique needs and challenges of individual accounts. This approach is particularly useful in B2B marketing, where the sales cycle is truly longer and involves multiple decision-makers.

First, identify the key accounts to target based on criteria such as revenue potential, industry, and strategic fit.

Run personalised marketing campaigns to meet the needs and pain points of each account through activities like personalised email, targeted ads, customised content, and one-on-one meetings. For ABM, the marketing and sales teams must be very closely aligned to ensure coordination and effectiveness in the approach.

Key Takeaway: Mastering the B2B landscape

A strategic and targeted approach to direct marketing may make all the difference in this complex B2B environment. Drive business growth by effectively engaging potential clients through personalised campaigns with an added understanding of your target audience, along with lead generation through LinkedIn, content marketing, and ABM.

Next in line are the add-ons: webinars, direct mail, and continuous measurement and optimization. With these battle-tested methods, your business will do more than succeed amidst tough competition in the B2B space; it will be set up for long-term success.

Business man standing with his corporate team in an office boardroom

Trust, Flexibility and Respect are the Only Words Business Leaders Need 

By Matt Dykes, COO at Abzorb

The workplace has changed over recent years more than it has done since the industrial revolution, so we are most definitely due an update. Remote and hybrid working is now the norm since the pandemic. Multi generations in the workplace have never been so diverse to manage and the younger generations such as Gen Z are constantly disparaged about being too ‘precious’ just because their needs and aspirations are different to others. And let’s not forget the biggest game changer of all in the workplace, the introduction of AI.

This is a lot for business leaders to grapple with but understanding and managing this changing landscape is essential for business growth and attracting and retaining talent. These colossal changes do not warrant minor edits to your policies and strategy but call for a complete re-write.

Remote, Hybrid and Flexible Working

Many business leaders are enforcing ‘return to the office’ (RTO) mandates but despite companies trying to allure them into the office with various benefits they won’t be bribed because they are determined to keep remote and hybrid working. A recent study from BambooHR’s 2024 Return to Work report shows that 90% of employees want remote and hybrid work for flexibility and a better work/life balance with 51% of remote workers saying it helps them with family duties and 74% of respondents enjoy not commuting daily. 

Business leaders need to understand that a ‘one size fits all’ model does not work with today’s diverse workforce of multi generations with different needs.

Leaders have struggled over the past few years with the shift of power moving from employers to employees and are trying to reclaim it. But by enforcing RTO and tracking employee’s office attendance and monitoring them too closely you are creating a micro-managed ‘Big Brother’ culture driving down trust, respect and taking away any autonomy and flexibility. 

Managing Multi Generations

Today there are a multitude of generations in the workplace from baby boomers, Gen X, Millennials and Gen Z. As mentioned, the younger generation always seem to get bad press but what we must acknowledge is that this generation grew up with the digital age and in a different world so it’s no surprise they have different needs and aspirations. Instead of disparaging them maybe we should learn from them, even better learn from each other. Research from LiveCareer revealed that 87% agreed they could learn from each other while 78% thought it led to conflict. 

Millennials and particularly Gen Z have grown up in a world where mental health and well-being is freely talked about, and they wouldn’t hesitate to talk about it at work. Whereas a Baby Boomer would probably feel very awkward talking to their manager about mental health. Deloitte Digital reported that empathy was the second most important trait in a business leader while leaders placed it fifth. The Visier survey also revealed that 64% of Gen Z employees ranked good physical and mental health as a leading life ambition.

Gen Z prioritise spending time with family and friends and good health over career aspirations. They want to work for companies with good ethics and values they believe in. They have seen what the workaholic lifestyle does to people and burn out is not attractive. They are more self-aware and can talk about feelings, ethics and values, and what matters and that’s a good thing.

Incoming AI 

Employees fear AI taking their jobs in the workplace and it’s not surprising when the Institute of Public Policy Research recently announced that AI will threaten up to 8 million workers in the UK. However, if we harness the power of AI now and understand it then we can use it to relieve workers from admin and mundane jobs focusing them on more rewarding, interesting, and high value positions.

Business leaders need to step up and understand how they are planning to use AI in their business and make employees feel at ease working with the technology instead of against it.

The Re-Write

The archaic attitude of ‘this is how we have always done it’, ‘who do they think they are?’, ‘we are in charge not the employees’ needs to change. Admittedly, this will mainly be from business leaders of older generations and maybe also from larger established businesses rather than start-ups who tend to be more receptive, innovative and agile.

Business leaders will need to re-write the culture of their organisation ensuring it is transparent, meaning that you openly communicate your vision, mission, objectives, strategies and what you are working on, what works and what hasn’t. Empower employees by involving them in decisions, provide them with the opportunity to voice their opinions, suggest new products and services encouraging innovation and creativity, but at the same time ensuring that they know it’s OK to make mistakes and that we learn from our failures. 

Involve them in the introduction of AI asking them how their roles and everyday tasks could be improved and what they find dull about their job. Make it clear to them that they will not be replaced by AI, and you want to get to a place where they can work seamlessly with AI to improve their productivity and efficiencies and augment their roles. Then offer them training and development programmes to ensure they have up to date training and opportunities to develop their career if they want to.

Devise a remote and hybrid working strategy ensuring employees can work flexibly and remotely if desired and come into the office when required. Ensure that they have the option to come into the office when they want to or for a purpose such as a meeting, or brainstorm, the choice is theirs. You are giving them the autonomy to get on with their work and make the decisions on how best they do it.

Help create and cultivate social connections for all teams that are in office, remote or hybrid to increase effective collaboration and inclusion, and connect teams.

Trust, flexibility and respect are the buzz words here, by demonstrating this to your employees they will be aware that you trust and respect their autonomy to get on with their job and get the work done. By doing this you will be rewarded with enthused and motivated employees who value their job and who they work for and remain working for you.

Demonstrate that you care for your employees by being empathetic and understanding by holding regular ‘check in’ sessions to ensure that they are OK and if they have any issues they want to talk about.

All Good Things 

All good things come to those who wait so be patient. This new way of managing the modern workplace takes time and we are all learning together, and it will continuously evolve, and you and your employees will adjust accordingly.

It’s not a power struggle it is about gaining mutual respect and trust and working as a team to achieve your objectives. The payback will be that employee engagement will increase and you will garner their respect and trust which is two-way, you must earn it to receive it. This takes effort and time, but the benefits will be that you attract and retain talent, improve your reputation as the company people want to work for.

Manager fosters trust and respect among team members.

Manager-Employee Trust Increasingly in Turmoil

By Cheryl L. Mason, J.D.

Trust is a two-way street. To get it, you have to give it.  For leaders, this translates as risk and for employees, this means value.

The pandemic required offices to shut down and people to work remotely. Many leaders were not and still are not comfortable with employees working in a location other than the traditional office space. The belief was and is that employees cannot be trusted to do their work without the possibility of the leader checking on them.  What is most interesting with this concept is that leaders (pre pandemic) rarely left their offices to check on employees.  It was the idea that they could that gave them comfort. Leaders believe that when employees are not in the office, they are not working and if they are, they are less productive.

Most leaders follow conventional leadership practices. Work is done at work and anything at home is not work. This created an inherent distrust between leaders and employees.  Leaders followed the traditional boundaries – be the boss at work and the human at home. This is the training leaders received for years. If you can’t see the person in the office, they are not working. This led to questions, how do we manage people we can’t see; how do we provide training; and what if they are working out?  For these reasons, during the pandemic many leaders clamored work surveillance software, required employees to check in with supervisors when working remotely, and pushed for the return to in office work as quickly as possible.  By doing all these things and more, leaders broke any fragile trust they had with employees.

Change was already well underway before the pandemic. Some organizations had implemented telework and remote work options with successful results. I led one of these organizations. Prior to the pandemic, approximately a quarter of my staff worked remotely and about one third participated in telework. And as shocking as it might be, these people were successful, sometimes more so than their in-office colleagues. When the pandemic hit, we transitioned our entire workforce of more than 1000 people to remote work and we continued hiring, adding 200 more employees and training them REMOTELY!  We also improved our technology which provided more support for employees and streamlined processes. And what happened? Our results exceeded all expectations!  Why? and How?  Getting comfortable with risk, adjusting to change, and communicating value, acknowledgement and trust every day.

The redefinition of personal and professional success and the boundaries between work and life were changing fast. Employees want to matter, to know that they bring value and have purpose to the organization. In this way, work enhances their lives, but it does not dominate it. Employees believed that they demonstrated to leaders, during the pandemic, that they could be productive working remotely and thus, it should be an option. But leaders pushed back because it was outside their comfort zone. It requires them to take risk and operate differently.  Again, leaders broke the trust.

Some leaders did not believe this could continue. Others think that because some employees’ jobs require them to be in the office on a regular basis, that everyone has to – it’s the only fair way to do it. That thinking doesn’t work with employees. Employees expect leaders to think and lead the organization in the best way possible for the employees, the customers, and the organization, not themselves. That might mean some people have to be in the office, but not everyone and not all the time. Many employees do not believe that the leaders think beyond profit or results and how they as leaders are impacted. Employees are challenging leaders to think outside their comfort zone and lead with agility, innovation, and trust. Employees are asking leaders to treat them as their most valuable resources.

Leaders must change just as the employees and the workplace is. Relating to and connecting with your employees can be done in person or virtually – but it is necessary.  Leading requires taking risk and adapting and embracing different approaches and perspectives. You either drive change or it runs you over – either way trust is the copilot.

coins with plant growing out of them

Lack of Funding to Female Founders

By David B Horne founder of Add Then Multiply

It started with a simple question. I’m ashamed to admit this, but at the time it was asked, not only did I not know the answer, I did not even know about the issue it raised.

Five years ago, I was speaking at an event about small businesses raising money from venture capital firms. Venture capitalists are professional investors who buy shares in companies in return for cash so those companies can grow. After my talk, a woman came up and asked me: “Why does so little funding go to female founders?”

“I have no idea,” I replied. “But I’ll find out.” What I found out was absolutely shocking, and in the five years since then, I have done everything I can to raise awareness about this issue, to support female founders and to challenge the venture capital industry.

Let’s first put the issue in context. Statistics published by PitchBook show that the share of venture capital (VC) funding to all-female teams has only twice broken through 2% of total VC funding in the UK and Europe, and it has never broken through 3% in the USA. This data is tracked quarterly and goes back 16 years, to 2008. Those two breakthrough years for the UK and Europe were 2008, when it hit 2.9% and 2010 at 2.3%. Never above 2% since then.

Over the last 10 years, the share of pitch decks submitted by all-female teams to VC firms has been in the 3-5% range in the UK and Europe, and in the 4-7% range in the USA. So, there is a clear underrepresentation, with a ratio of about 1 in 2. Mixed gender teams fare better, but the stark reality is that all-male teams submit around 75% of pitchdecks and receive more than 80% of the money, a ratio of 1.1 to 1.

It’s particularly shocking when you consider that published research from Boston Consulting Group, McKinsey, The Alison Rose Review of Female Entrepreneurship and others provides clear evidence that teams with at least one female founder outperform all-male teams. Venture capitalists are supposed to be investing in successful businesses, yet all the statistics show they are not selecting investments in a fair way when it comes to gender.

Why is this?

Based on my research, it boils down to three main factors:

  1. Inherent gender bias
  2. Lack of women in senior investment management roles
  3. Women tend to be more conservative in their projections

Gender bias is alive and well. When researching my book, Funded Female Founders, I interviewed many female founders in several countries around the world. Here are a few examples of what they experienced:

  • One was attending an investor event and pitching with a male colleague. The investor completely ignored her. Her male colleague had to turn towards her physically and say to the investor, “She can answer that better than me.”
  • Another was attending an angel investor event with a male business partner, whose company was using her software in its product. The partner told the angel he really ought to speak with her as the software was excellent and she was also raising. The angel wouldn’t speak to her.
  • A third attended an event hosted by the VC arm of a major global corporate and was told by one of the investors, “The men who provide the funding want to see it invested in companies run by men like them.”
  • An extreme instance, which I found online, was a woman in Australia who was at the final stages of agreeing an angel investment of $100K when the investor said that he wanted to have sex with her as part of him making the investment. She declined.

The lack of women in senior investment management roles is another core problem, and one that the industry is slow to address. Five years ago, Morningstar published a study they had done on the fund managers of nearly 1,500 investment funds in the UK. It found that 108 funds were run by men named David. As I’m named David that sounded kind of cool. But wait. The same study found that only 105 funds were run by women. More funds are run by a man called David than by all women!

More recently, Diversity VC published a study it had conducted on the UK VC marketplace, looking at the gender makeup of VC firms. They found the total VC workforce is 38% women, yet only 22% of leadership roles and 27% of advisory roles were held by women. On the other hand, 81% of non-investment roles were held by women. Women are still not fairly represented in the investment decision making roles.

Finally, women tend to be more conservative in their financial projections. To understand the impact this has, we need to look at how the venture capital industry works.

Let’s say a VC firm has raised a fund of $50 million, and they invest in 50 companies. These are high-risk investments, and the investors know that. Looking ahead five years from the investment, it would not be unreasonable to expect:

  • Ten companies have gone bust, and the funds are lost.
  • Thirty-five companies are still around, but they haven’t really gone anywhere, and the VC firm would be happy to find a buyer for them who will return some cash to the fund. If the firm cannot find a buyer, it might end up sitting on a ‘zombie’ investment: one which makes enough money to keep going, but not enough to reinvest in the business and grow it.
  • Five of the companies are successful. Let’s assume three of them return 3× on the investment (typically through a sale of the business), one of them returns 10× on the investment, and one of them becomes a unicorn (a company valued at more than $1 billion) returning 100× on the investment. Based on an average investment of $1 million, that means three companies return $3 million each ($1 million × 3) or $9 million in total; one of them returns $10 million ($1 million × 10); and the unicorn returns $100 million. That’s a total return to the fund of $119 million.

As you can see, it is the unicorn that makes or breaks the VC fund. Without the unicorn, there wouldn’t be enough money to repay the investors, let alone pay any expenses or carried interest to the partners of the VC firm.

Anyone who approaches a VC firm for investment must show that their business has the potential to become a unicorn, or the VC firm just won’t be interested. This is a really important point for female founders, who are often much more conservative than male founders when building financial projections.

In conclusion, female founders face a very uneven playing field when it comes to raising VC funding. That’s not to say it can’t be done, but it is harder than their male counterparts experience. My advice to female founders is to focus on those VC firms that clearly set out their interest in supporting female founders and to find female VCs at a senior level who can make the right investment decisions. It’s not a fair world, but armed with these tips, female founders will have a better chance of securing funding to grow their businesses.

Writing a Good Business Management Thesis for Future Career

A thesis on business management is the final work of a bachelor’s or master’s student. It reflects the author’s ability to develop theoretical/practical solutions to business management problems and improve existing business mechanisms in various directions.

The essence of business management is the timely identification of problems in managing socio-economic systems and organizations. The researcher’s task is to conduct a deep, objective analysis of the content of the problem and identify ways to solve it. If they don’t know how to do it right, it is better to turn to the thesis writing service – fast and quality help is guaranteed. A professional writer who works there can help you write any part of a thesis.

Goals and objectives of the thesis in business management

A thesis in business management demonstrates a graduate’s professional training level and their ability to conduct independent scientific research and competently solve assigned problems. What is required from a student when writing a thesis in business management?

  • Conducting theoretical research on a reasoned substantiation of an existing scientific idea and the essence of the process/phenomenon being studied.
  • A comprehensive analysis of the origin of the control mechanism and its functional characteristics.
  • Justification of the chosen research methodology in the context of the characteristics of the research subject, as well as typical trends associated with the pattern of development based on the available data.
  • Development of reasoned and workable theoretical proposals to improve/eliminate a pressing problem in the field of business management.

How to choose an object and subject for a business management thesis

To simplify the definition of the object/subject of business management research, you should familiarize yourself with their main examples.

Options for research objects

Any object in business management is a type of self-developing system that quickly responds to changes in the external environment’s structure. Such a reaction leads to the system dramatically changing its thinking strategy, the behavior of working personnel, the set goals, and the structure of divisions.

Note. The effectiveness of external factors’ influence is directly affected by the degree of sophistication of the working business management mechanisms, the system’s susceptibility to rapid changes (its openness), and the state of the internal environment.

What can become the object of research?

  1. Associations of organizations (trade unions, associations, concerns, industrial and financial groups) and their work/functioning patterns.
  2. Study of the organizational and legal forms of different organizations or their divisions (including personnel).

Subject of study

In a scientific thesis on business management, the subject of research is the solution of emerging problems of business management relations in the functioning and development of selected systems.

How to write a thesis in business management: a step-by-step guide

Writing a thesis in business management comes down to 6 main steps:

  • Selection of a relevant research topic in accordance with the approved list
  • Appointment of a scientific supervisor
  • Drawing up a work plan for the thesis research
  • Formatting the structure of the future document
  • Submitting a thesis for review
  • Preparation for defense of a thesis in business management.

Choosing a topic for a thesis in business management

A graduate has the right to independently choose the topic of their thesis in business management based on the list of topics approved by the graduating department. In some cases, a student can submit their version of a topic not related to the list for approval. The main requirements for such topics are compliance with the author’s specialty and belonging to the list of priority department research areas. List of examples of relevant topics that allow you to write a high-quality paper quickly:

  1. Company competitiveness and social business responsibility
  2. Basics of business modeling for sustainable growth of the selected enterprise
  3. Analysis of consumers of the selected trade segment
  4. Business planning in the development of management systems in the industry
  5. Description of international factors influencing personnel management (company name).

Choosing a scientific supervisor

The scientific supervisor of a graduate in the specialty “Business Management” can be a specialist from an educational organization with an academic degree of “PhD,” “Doctor of Science,” and practical experience in the process of writing theses. Scientific consultations on issues related to writing a thesis in business management begin no later than two calendar weeks from the date of appointment of a supervisor for the project.

Drawing up and organizing a plan for further work on the thesis

The student, together with the project supervisor, draws up a plan for working on the thesis. What will the process of working on the paper look like?

  • The author of the work is obliged to visit the supervisor several times a month and inform them about the progress of the work done.
  • The student, paired with a supervisor, undertakes to prepare a recommended list of literary sources relevant to the topic of the thesis in business management, a template for the future structure of the document, the purpose/objectives of the upcoming work, a description of the theoretical, methodological and empirical basis of the research.
  • The final result of work on the thesis is presented for review. A special commission checks the document, after which a verdict is announced on the advisability of issuing admission to further defense of the work.

Preparing and formatting the structure of a thesis

A thesis in business management consists of seven main structural elements: title page, content (table of contents), introduction, main part (with chapters, sections, subsections, paragraphs), conclusion, bibliography, and appendices (if necessary).

Submitting your work for review

Reviewing a thesis in business management is a prerequisite for obtaining admission to defense. The document is sent to a third-party specialist for review no later than ten days before the official defense procedure.

Preparing to defend a thesis

Before the date of the defense of the thesis in business management, the author of the work presents to the management of the department copies of the thesis research, prepares a report with a speech for the defense, and prints out visual materials on the topic.

Woman reading book at evening at home close up

New Book Dares Leaders to Relate & Lead With a Fierce Heart

By Merilee Kern, MBA

In the much-anticipated new book, “Dare to Relate: Leading with a Fierce Heart,” trailblazing former federal agency CEO, TEDx speaker and renowned relational leadership expert Cheryl L. Mason, J.D. unveils an unconventional yet highly effective approach to leadership, In it, she challenges the status quo, encouraging leaders to take personal responsibility for their team’s engagement and development.

Having been the fourth Presidentially-appointed, Senate-confirmed—and first woman—to serve as the CEO/Chairman of the VA Board of Veterans’ Appeals before founding her Catalyst Leadership Management consultancy for which she serves as CEO, in “Dare to Relate,” Mason provides a refreshing perspective to revolutionize workplace culture and leadership practices to foster a more dynamic, cohesive, productive and effective team environment.

Mason is a visionary who has transformed workplace culture and achieved unprecedented results. Thus, unlike conventional leadership training, “Dare to Relate” is written to forge a new path for cultivating strong workforce relationships. It addresses the fundamental principle that employees are people and a company’s most valuable resource.

Contemporary leaders often lack the preparedness and essential tools needed to effectively lead today’s workforce. All too often, leaders rely on human resources or personnel management to manage their employees. “Dare to Relate” challenges the status quo, empowering CEOs and other leaders—both established and aspiring—to take personal responsibility for engaging and investing in the people who comprise their workforce. With this book Mason provides a compass for visionary leaders who dare to create an impact.

“Being a catalyst leader involves facing challenges, overcoming obstacles and genuinely caring for and supporting your employees,” says Mason. “In ‘Dare to Relate,’ I share my journey and guide readers through essential principles of the relational management style. The book outlines the kind of skills needed to lead with authenticity and empathy. The kind that bolster staff morale, trust and bottom line results in kind.”

From her own journey as a military spouse to her groundbreaking role as the first woman CEO of a federal agency, Mason extraordinary journey detailed in the book is inspirational and empowering. So too are her actionable insights intended to embolden readers to break free from limitations and forge their own path of self-development to realize unparalleled success.

A Peek Inside:

Geese in V Formation:

Mason draws an insightful parallel between the flight patterns of geese and leadership. Have you ever watched geese fly in their distinctive V formation? Mason encourages us to pay close attention, for there’s a lesson in true leadership to be learned.

Leadership in Action:

In their flight formation, the leader occasionally drops back to let another take the lead. This selfless act optimizes flying time, showcasing the importance of shared leadership responsibilities.

Efficiency and Communication:

The geese position themselves just above the bird in front, reducing wind resistance and conserving energy. This fosters efficient communication and allows them to track each other, highlighting the power of teamwork.

Purpose, Impact, and Value:

Mason underlines that each member of the flock serves a purpose, impacts others, and brings value to the team. This analogy beautifully illustrates the interconnectedness of leadership and teamwork, emphasizing the importance of caring for the team.

If you or someone you know is keen on a dynamic, inspirational and high-impact book that can ignite the spark of leadership within, look no further than “Dare to Relate” as a powerful source of motivation and key learning for building powerful, meaningful and authentic workplace connections.

Fashionable businessman exuding style and sophistication

Why Relational Leadership Trumps Other Management Styles

By Cheryl L. Mason, J.D.

What do you do when you walk into an organization as the new leader and the organization is struggling with trust and morale issues from both employees and customers, recruitment and retention challenges, and reduced productivity?

That was what faced me as the new chief executive of my organization.

My solution was different than many leaders and considered risky and ill-advised by all but a few.

I focused on encouraging and supporting the employees of the organization – as people. This meant getting to know something about them – their jobs, their concerns, and their lives as people beyond work. The employees’ trust had been broken many times over.

How does a leader build trust and create credibility? To do this, I called on my experiences as an employee, I remembered all too well the feeling I had as employee – like I didn’t matter, I was just a cog in the wheel.

I knew that my words and actions had to match, but even more than that – my intentions had to match too.

I began to walk around the offices and schedule open office time – in person and virtually. I listened and learned. I fielded concerns, new ideas, and general complaints. Now, before you say that is not the job of the chief executive, pause a moment and consider the following.

Where does the responsibility for the entire organization reside? According to a sign on the desk of President Harry S. Truman, “the buck stops here.” So, while CEOs might delegate the gathering of the issues to others, I believe that the responsibility for addressing them sits with the CEO. If you as the CEO do not know what these issues are, how can you fix them?

Employees who do not believe the CEO cares about their problems will not raise them, instead, they fester and grow. In fact, when employees believe they do not matter at work shows in their output. The magnitude of a leader’s impact often extends far beyond what you may comprehend, often affect people’s lives beyond work. Recent studies from Deloitte, StudyFinds, and The Workforce Institute among many others, indicate that a person’s boss or job often negatively impacts their mental and physical health.

I knew that treating employees as people and valuing them also impacts the entire in the organization from hiring to operations to results.

As a new CEO, I needed to hear what the problems and concerns of the employees were, and I wanted to learn more about the employees who worked for me.

I discovered that the employees needed technological tools to help with their work, but more importantly, they needed and wanted a leader who believed in and championed them. They found this in me.

As a legal organization, there was a long-held belief that lawyers were always the answer. If there was a logistics issue, put a lawyer on it. Technology needs, sure, detail one of the lawyers. Public relations, sure a lawyer can handle that! Although the organization had a team of lawyers detailed to all these operational areas which pulled them off the primary work, the issues continued to grow. Lawyers are trained to research and advise, implementing usually requires subject matter experts. I found we had few of those.

As luck would have it, we did have a subject matter technology expert who was also a lawyer! He suggested some technological enhancements that improved workflow for his colleagues and increased output. He also was instrumental in advising me on hiring the right subject matter experts to further develop our technological innovations.

This led to more suggestions and solution-based ideas from the employees, some of which I implemented and gave the employees the credit. I fought for an increase in the budget to bring in more technology and hire additional people who could provide the support and assistance the employees and the organization needed.

I also championed and acknowledged them by thanking and rewarding them for their hard work and celebrating milestones for them and the organization.

What happened? I did not crash and burn – as some expected or wanted.
This ill-advised leadership approach – relating to and engaging with employees as people – succeeded.

Interestingly, results were where we saw the first success, increasing outcomes by 50 percent in year one of my leadership. Retention, morale, and recruitment followed in quick succession, supported by data and surveys. New technological tools combined with increased morale and retention led to results never thought possible – a 100 percent increase which held steady during my entire leadership tenure even during a pandemic.

The reputation of the organization increased as employees recruited new employees. Customers and stakeholders were pleased.

Other organizations began to ask how this happened, what was the secret?
The secret ingredient is caring for, relating to, and investing in your most valuable resource – your employees. By dedicating time and effort to fostering authentic connections with your employees, you nurture and strengthen your most valuable assets AND demonstrate genuine respect and concern for those important to them. All of these people matter.


Here are my take aways:

  1. Show your employees that you care for them as people by putting them first – in every aspect of your organization – technology, processes, and communications.
  2. Listen! Be seen and make yourself available to your employees and talk about life outside work – this was extremely important during the pandemic.
  3. Invest your time in and on your most valuable resource – the people of your workforce – from office hours to walkabouts & publicly acknowledge the work and ideas of the employees.

And KEEP DOING IT over and over again.

What I found is the people who work for you want to know that you, their leader, is a human being – a person. And they want to know that you care about them as another human being – not just a part of the organizational machine.

Businesswoman Stands To Address Meeting Around Board Table

Leading With Kindness Is Better For Business

Nice guys always finish last. Not true, says Joanna Knight OBE, Group CEO of Moneypenny, the UK’s leading provider of outsourced communications, a company consistently recognized as a Great Place to Work.

This statement applies to business, love, life, sport, so many things. Just because it is a well-known saying; does it actually mean that it is true? For me, it isn’t, especially in the business world.

Some would say that as a leader, you can’t always be nice, sometimes you have tough decisions to make and sometimes you are not going to be liked. They don’t have to like you; they have to respect you. Rubbish. Nice leaders do exist. And nice leaders can finish first.

Sometimes you need to be the good guy and sometimes you need to be the bad guy. However, you can always lead with kindness. In a short-term, Wolf of Wall Street world those who are not concerned with anyone else will win. They will get there quicker through cheating, manipulation and using people because they won’t need them again. And, because people are generally nice themselves, they will probably get away with it. In the short-term.

In the long-term, however, you need reputation, relationships and trust. And if you want people to trust you, you need to treat them well. It’s not a short-term strategy but it is an extremely powerful one and it is a sustainable one.

Leadership takes on many forms and definitions but there is always room for the nice guy. It doesn’t mean that you are a pushover, and it is not a weakness. Here are some traits a kind leader express:

People-powered

Nice guys think about how their people want to work, what motivates them and what inspires them. They focus on who the individual is and how they can help them to become the best that they can be. They acknowledge that people have a life outside of the office, other responsibilities and embrace them as a whole. They create a safe environment for their people to excel. And when they see that you care for them, they will go the extra mile for you.

Happy people make the world go round. And in focusing on people, you are showing that you understand them, that you empathise with them and that you value them. Compassion is a key trait for any leader. Productivity will fluctuate and things will go wrong. (Sometimes the best lessons are learned from mistakes.) But instead of pointing the finger of blame, find out why and ask how you can help. It is about empowering your people and taking a step back, creating a sense of responsibility and trust. It is about looking after your people physically and mentally, making work a place people actually want to go.

Open and authentic

No one is perfect. Holding your hands up and owning a mistake is just as important as the communicating and congratulating your people for their successes. In doing so you are being authentic and open, you are demonstrating strength, courage, and respect.

Nice guys lead with openness and authenticity. They do not know everything. That is why they employ awesome people. They understand, listen, and hear. They praise a good job and give credit where credit is due. And in doing so they show that they value their people and give them more confidence and connection to the role that they own.

Being open and honest in any organisation is important.  As a leader you should be able to share how you are feeling and how things are going clearly and without fear. It is about being clear about what you know, what you are planning and what it means for people, in a way that your audience will understand.

Walk the talk

Do what you say you are going to do. Don’t say one thing and do another. Or have one rule for one and another one for everyone else. Nice guys lead with purpose, they live and breathe the talk and in doing so, their people respect them, and trust them more. There is always room to be kind. It does not have to replace anything in your leadership toolbox, simply add value to what you already have there.

Nice guys don’t finish last. By leading with kindness, they elevate their team, establishing a robust and sustainable business model ready to tackle the challenges of a constantly changing business environment.

Joanna Knight
Two busy professional business people working in office with laptop computer

The Importance of Managing Expectations – Personally & Professionally

Setting and managing expectations is crucial for organizational success. It is a primary responsibility of any leader. While we may excel in this aspect with our employees, Joanna Knight OBE, Group CEO of Moneypenny, the UK’s leading provider of outsourced communications, says sometimes we need a reminder to look introspectively.

Managing expectations is a life skill that extends beyond the business world. Evaluating your management techniques and striving to improve them can benefit both your business and personal life. With a new season upon us, one focused on growth and rebirth, it’s the perfect time to take a step back and consider how you can better manage expectations in all aspects of your life. In this article, we’ll explore the importance of managing expectations and provide tips for improving your management techniques.

Setting expectations is good for business.

Setting and managing clear expectations is a basic tenet to success. And there is that five letter word that makes all the difference: clear. Expectations are what you build guidelines and goals from, so that you can empower your people but also give them ownership. If they are not clear, how can they understand what is required of them to realize goals? If you have not set clear, realistic expectations, you are not setting them up for success.

Clear expectations on the other hand, lead to happy people, improved performance, connection to purpose, and improved collaboration. If people understand what is expected of them and the purpose (how their contribution fits into the plan) then they have a stronger sense of connection and will put more effort into their tasks. If they are happy, they will approach their work with more confidence and satisfaction. If everyone in the business understands what is expected of them, then everyone is aligned and working towards the same thing.

Communication is crucial in setting and managing expectations.

Communication. Communication. Communication. That’s what it all comes down to. It is one of the building bricks of good leadership. Leaders need to be able to express ideas and share information with a whole host of audiences. Excellent communicators tend to be excellent leaders.

For some it will come naturally, others it requires work, either way it is something that every leader will need to reflect on throughout their career. The key is to develop your own self-awareness. Learn your strengths and weaknesses and analyze your decisions and emotions. Only when you are aware can you interact successfully and effectively with others.

Tips for setting and managing clear expectations.

Do not assume people know what is expected. This is where frustration on all parts lies and can be a key source of wasted energies. Say it clearly and reinforce it in words that your audience will understand. As individuals we are unique and that means that our perspective is unique, to lead and to collaborate we need to be able to express that in safety and in terms that are clear to everyone involved. It is about using a language that removes ambiguity, using short words to talk about tough topics and taking the time to ensure that expectations are understood. People should feel safe in their work environment to ask questions for clarity or to disagree (healthily!) with expectations of them. Expectations, like communication, are a two-way process.

Managing expectations of ourselves.

It is so often the case, that as leaders, we focus entirely on everyone else, setting them up to succeed. What we need to do is set aside time to apply the same principles to ourselves. We need to give our people all of the tools that we are able to so that they can make life work for them. And we need to do the same for ourselves. We need to look in the mirror. Not only will this help you, but it will help you to lead your people better too.

It is all very well aiming for the stars, being bold, trusting your gut (all topics that I have previously written about – links) but it also needs to be kept in check. Every day is not going to be your best day. You need to acquire the skills to ensure that you are self-aware enough to acknowledge this. Be clear on your leadership style, your strengths and weaknesses, and your purpose. Know who you are and what you stand for, then you can be authentic.

Set boundaries that not only help you define between realistic and unrealistic expectations, placed upon you or you place upon yourself, but also serve as a reminder that you need to recharge. Think about asking a peer to be a mentor, perhaps, or find your tribe with likeminded leaders who can provide moral and practical support. Everyone has a story to share of lessons learned and there is always something to be learned.

Never stop communicating and learning.

Setting and managing clear expectations is a two-way street. It is something that should be developed from the very beginning. Whether that beginning is your first day as CEO or a new hire’s first day, clear expectations need to be set and managed effectively. They also need to be reviewed so that they can evolve alongside the business.

In this two-way street, it is essential for leaders to take the lead. This involves looking at themselves first. It is important to realize the difference between what you want to do and what is possible, as well as what is realistic and what is unrealistic. Understanding these distinctions allows for personal growth, making you a better leader and manager. It enables you to navigate the ever-changing business landscape of the future and get things done effectively.

Joanna Knight
Businesswoman sharing new ideas in meeting

Expert Tips on How to Become the Best Leader

Research carried out by the CMI revealed that 82% of new managers in the UK are what they call “accidental managers” – meaning they have had no formal training in management or leadership.

In light of this, business coach Tim Brownson wanted to share his expert tips on how you can level up your leadership skills and be the best leader you can.

How to level up your leadership skills and be the best leader

Develop self-awareness

Make sure you understand your strengths, weaknesses, and leadership style. Reflect on feedback and experiences to continuously improve.

Communicate effectively

It’s key to be clear and transparent with your communication, so ensure you’re actively listening to your team and articulating your vision and expectations well.

Foster a positive culture

Create an environment where team members feel valued and motivated by recognising their achievements, encourage collaboration, and maintain a positive attitude.

Embrace continuous learning

Stay updated with industry trends, read leadership books, and seek out training opportunities. A great leader is always learning and evolving.

Build strong relationships

Cultivate trust and respect with your team. Engage with them genuinely, understand their needs and aspirations, and support their growth.

Delegate wisely

Trust your team with responsibilities, delegating not only empowers your team but also allows you to focus on strategic tasks.

Adaptability

It’s important to be open to change and be flexible in your approach, adaptability helps in navigating challenges and leveraging new opportunities.

Lead by example

Demonstrate the behaviour and work ethic you expect from your team, if you lead by example it will build credibility and inspire your team to follow suit.

Set clear goals

Establish clear, achievable goals and provide the necessary resources and support to achieve them. Also, ensure that you regularly review and adjust these goals as needed.

Develop emotional intelligence

Enhance your emotional intelligence to manage your emotions and understand those of your team. This helps in handling conflicts, improving teamwork, and fostering a supportive work environment.


The business coach also shares his advice on the importance of being more assertive in your leadership role: 

“It’s important to know your strengths and weaknesses, which will allow you to lead with confidence and authenticity. It’s very important to be self-aware as a leader as this will enable you to communicate your vision clearly and stand firm in your decisions.

The key is to be proactive rather than reactive. This involves setting clear goals, making decisive actions, and taking responsibility for outcomes, all of which help in establishing authority and trust within your team”