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Formula One legend Bruce McLaren is a racing role model, but what can business leaders learn from his life story?

first_img Read more: New kids on the grid: Norris and Russell set for Formula One debutsBudding business leaders can learn a lot from this anecdote. In both life and business, meeting challenges with resilience and determination makes it possible to emerge stronger than before. For McLaren, it was his response to his condition that defined him, not the condition itself.With the 2019 Formula One season starting in Melbourne this weekend, it’s worth looking back on McLaren’s life to find out what other leadership lessons we can learn from this racing role model.Fearless in the pursuit of innovation and successLike all successful business leaders, McLaren could never rest on his laurels. At age 21, he left everything behind in New Zealand to move to the UK and become an acclaimed racing driver. By operating outside his comfort zone, he achieved his first race win by 22 and was running his own team at 27. He took a bold risk with little more than the fierce determination not to fail.But it’s not just his conviction that small business leaders should try to emulate. His inquisitive nature and willingness to improve existing models and processes was infectious. John Allert Opinion Read more: Book now to be part of the Formula for Success Motor racing dinnerThe McLaren of today works so closely with technology partners such as Dell Technologies for this reason, as they help us optimise performance, spot marginal gains, distribute data, and make better decisions faster. By optimising our IT systems in this way, we can also enhance our racing prowess.Full throttleThe worlds of racing and small business have a lot in common: both are fast-paced, require dedication to succeed, are exciting to watch, and are prone to the occasional setback.So the next time you are presented with a challenge or opportunity, ask yourself: what would Bruce McLaren have done if he were in my shoes? Growing up, Bruce would try to mechanically improve old autos. He operated under the mantra that no car was ever perfect. There would always be changes that could make it faster, handle more responsively, or be safer – it just needed the right approach and mindset to figure it out.Business leaders should take heed here. McLaren taught us that the service or product that you offer is unlikely to be perfect the first time around, but if you approach the problem in the right way and with the correct mindset, it can be improved, tightened, and refined.Leading by exampleMcLaren was an innovator himself, but he also knew how to build the perfect team, pulling in those with the most suitable expertise around him.Over 50 years ago, he gathered a small group of like-minded individuals – mechanics, engineers, and racers – and inspired them into creating a racing team that would eventually win the Formula One World Championship. With 20 titles, 182 Grand Prix victories, and over 700 employees, the organisation that he founded is still going strong.This is a key lesson for any aspiring entrepreneur. True success is seldom achieved alone, so having the right partners to support you is critical. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. 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Don’t Cry When You See The Last One!BleacherBreakerUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoPets DetectiveAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongPets DetectiveUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoElvenarIf You Are Above 30, this Fantasy Game is a Must-Have. No Install.ElvenarUndocenter_img whatsapp whatsapp Share Friday 15 March 2019 4:12 pm When Bruce McLaren, the founder of the motor racing team named after himself, was just nine years old, he was diagnosed with a hip issue that left him bedridden, with his legs encased in plaster for three years. This devastating experience left him unable to do what every youngster should be doing: playing with friends, and learning in a normal school environment.But as if often the case, this torrid experience had its silver linings. McLaren was 12 before he could walk again, and spent much of his time discussing his passion for cars with his garage-owning father, and envisioning a future in motor racing. Formula One legend Bruce McLaren is a racing role model, but what can business leaders learn from his life story? Tags: Small businesslast_img read more

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Regulator grants challenger lender Cashplus a full banking licence

first_img“While big banks are slamming the door shut, we’ll be welcoming customers, opening up lending and delivering enhanced products to support them through the challenging months ahead,” chief executive Rich Wagner said.  Digital challenger bank Cashplus has become the latest London-based fintech to secure a full UK banking licence.  Angharad Carrick Cashplus’ slower approach is in stark contrast to neobanks like Revolut, which is currently looking for a full licence according to Sifted.  Regulator grants challenger lender Cashplus a full banking licence whatsapp Wednesday 3 February 2021 11:18 am The fintech recorded £50m in revenues in 2020 and unlike competitors has recorded nine consecutive years of operating profit.  It also plans to attract existing customers from competitor banks with products like payment tracking tools and integration with accountancy platforms.  “Where some firms have burned through piles of cash in the pursuit of growth at all costs, our disciplined approach and positive product economics mean that we can grow with confidence,” Wagner said.  whatsappcenter_img Cashplus is aiming to lend up to £1bn to SMEs unable to access loans from the high street banks amid the economic recovery.  “We are manically focused on what customers really need. We don’t go in for gimmicks or flashy functionality for the sake of it. Instead, we look at simple, effective products with honest and transparent pricing,” Wagner added. “This discipline allows us to focus on the things that really matter, like having the data capabilities to underwrite new businesses that get turned away elsewhere.” Cashplus chief executive Rich Wagner. Following the Prudential Regulation Authority’s approval, Cashplus is the UK’s newest licensed bank despite being founded in 2005 and serving more than 1.6m small business customers.  Cashplus chief executive Rich Wagner. Also Read: Regulator grants challenger lender Cashplus a full banking licence Cashplus chief executive Rich Wagner. Also Read: Regulator grants challenger lender Cashplus a full banking licence Share Like its digital peers, Cashplus offers current accounts for UK SMEs, currently serving seven per cent of all new businesses, alongside a growing pool of retail accounts.  Show Comments ▼ More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comlast_img read more

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