I started Cobra Group in 1988 and since that time I’ve worked with a huge variety of people from all over the world. Whether they were business owners, contractors or employees, the one thing that sticks out to me about everyone I’ve worked with is the importance of attracting people who believe in what you do and fit with the culture of the company.
This was the subject of a speech I gave to independent business owners in the Appco UK network recently, and I’d like to flesh out my ideas a bit more on this blog.
What is the culture of your company?
As businesspeople, we have to ask ourselves what our company culture is. I’ve written a lot about motorsport and about tech companies on this blog because I’m continually fascinated by how those companies define what their culture is. Look at a place like Google. Everyone knows that Google is a company focused on innovation; we know their company culture is innovative even if we don’t work for them.
This is true in motorsport as well. At the same skills-sharing event I spoke at, Mark Gallagher, a Formula 1 expert, told attendees about how Red Bull Racing created a company culture of teamwork and innovation from the bottom up so that everyone – from the company’s truck drivers, to independent contractors, to sponsors and media – knew what Red Bull racing stood for.
What music do you play?
My message to entrepreneurs is that running a business is like playing music in a nightclub. Some clubs will play techno music and techno fans go to those clubs and have a great time; other clubs play 70s pop and 70s pop fans go to those clubs and have a great time. That’s because when the music from a club filters out onto the street, it attracts the sort of people who enjoy that style.
In business, we have to think the same way. If your company’s culture is conservative and careful, you’re not going to attract innovators. If your culture is fast-paced and innovative, you’re not going to attract conservative and careful people.
You are the advertisement for your business
Thinking about the people you work with in this way is interesting. The conventional wisdom is that when businesses look for contractors or staff, applicants compete for the work because it’s perceived as an opportunity for them.
The way successful businesses think is by inverting this logic and looking at that person as an opportunity for them. Like the music in a nightclub, their culture is the product and they’ve got to work hard to attract the right people to it.
How do we make ourselves attractive to the kinds of people we want to work with us? Whatever your business model, whether you want innovative contractors, employees, or business partners, how do you create a culture so that those sorts of people choose your business?
My suggestion is to identify your company’s ‘music’ and make sure that you play it constantly and consistently.