Most of us would associate the phrase ‘fit for purpose’ with a product or service that we have seen or used, but that we do not think actually does what it is meant to do.

This was one of those weeks that saw me meeting with business from every possible stage of growth from ‘enter stage left’ to being a massive player that is looking for interesting new arrivals.

The old saying that ‘from little acorns mighty oaks grow’ came about to show that sometimes something very large can grow from something very small.

When I think about all of my conversations and meetings last week there was a very common thread tying them all together, and that was of people or businesses reinventing themselves.

Just as last week’s Mentor’s Journal led me neatly into my article, ‘The Power of Networking’, so this week started off very much in the same vein with all my early meetings either coming from existing relationships in my network, or me utilising my network to join some dots together. 

Welcome to the first of a periodic series of articles that will take a more in depth look at some of the topics that make frequent appearances in my Mentor’s Journal series.

This was one of those weeks where everything seemed to be on fast forward. Not just the number of meetings but the speed of progress in the companies that I met was truly remarkable. 

This week was quite typical in that it was an unusual mix of many of the things that I get involved with as a mentor and that I have written about in the past. There was some international, some regulation, some cyber security, lots about women in business, and yet again on advisory boards and raising finance.

One thing that I have learned over the years is the importance of cooperation and working with the right partners, and this has only been reiterated during my activities as a mentor. By working with others that have skills or experience in areas that you do not, then 2+2 can, quite literally, equal 5.

This week I met with Deputy Chief Constable Jo Shiner at Sussex Police to talk about all the many ways that businesses of any size can work together with the police for the benefit of the company and the community as a whole.

This week, almost to underline my comments in the first of this series about not knowing what each week will bring, was almost entirely different to last week. Last week was full of face to face meetings and there was no particular thread to my week, other than of course the fact that it revolved very heavily around early stage businesses.

Welcome to the first in the new series of ‘The Mentor’s Journal’ which will look at some of my activities from the preceding week, with a view to turning the theory outlined in my ‘Views of a Mentor’ series into real, everyday situations. 

Following on from the nine articles in the ‘A Mentor’s Perspective’ series that I wrote recently that looked at some of the main points that any startup or early stage business should consider, I will now be writing a brief weekly article in a new series – A Mentor’s Journal. 

In this article – the last in this series – I am going to look at scaling your business and the fact that growth is often the hardest part of the startup journey.

Having written your business plan, identified your existing and potential market and your target clients, and decided how best to market and sell your product, you should now of course actually be making sales. But how open has you mind been whilst undergoing this process, and how limited are your ambitions? Many smaller companies, whether startups or more mature, have a tendency to only look at selling to the home market of the UK rather than broadening their horizons and selling internationally. 

Last week’s article focussed on Business Plans; what should be in them and why you should write one. One of the key pieces of information required is of course sales figures, both actual numbers for historic sales and those forecast for the future. It is also very important to include the assumptions and how you market your goods in order to achieve those sales. It is those subjects that I am going to focus on this time.

Over the last five articles I have tried to set the scene in terms of outlining what help is available to early stage businesses, and certain aspects of finance, including a valuable but often overlooked tax refund. In this article and the next I wanted to focus on two fundamental issues that will determine how your business develops and how you grow sales.