Read Dr Bayju Thakar's unskippable advice
You have to stay humble. If you don't, you won't see what's coming into the market.
My name is Bayju Thakar and this is my unskippable minute.
I'm a medical doctor by background. I trained and practised here and then spent a number of years in consulting in the City, advising health systems around the world how to improve.
Finding that balance of not losing that start up culture with the professionalism that's required to truly scale a business is something to consider from day one.
There's always going to be tension in how you get things done. You have to be able to look back to ask: 'what are we trying to achieve?' to get rid of those tensions.
That means being aware that your model might not be the right one. Your process might not be the right one. That others are doing things better. Learn from them. Listen to them.
The world is changing in a way that we haven't possibly understood. I think it's important that I don't try to hold on to what I thought was right seven years ago.
So, for every business that is something that I really strongly recommend, just being able to give yourself the time to think: 'what's coming around the corner?' Not just that, what's going to happen in ten years' time?
That is the single most important thing I've seen. A company that can do that well will be successful, and they will win.
At Hiscox, we want to help your small business thrive. Our blog has many articles you may find relevant and useful as your business grows. But these articles aren’t professional advice. So, to find out more on a subject we cover here, please seek professional assistance.
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