“You’ve got to have a go, you must scratch that itch because you only get one shot at life. There’s no second chances”
Stephen Newton is the Founder and Managing Partner of Elixirr. Elixirr are the entrepreneurial ‘Challenger Consultancy’ with a team of 130 across the UK, US and Africa. Elixirr span the whole spectrum of advisory work from advising major blue chip companies on operational strategy through to advising and investing in start-up businesses through their Elixirr Capital arm. They also have one of the coolest Consulting websites I’ve ever seen – www.elixirr.com
Stephen is a serial entrepreneur and his story shows the importance of determination and persistence when it comes to successfully achieving your goals. Prior to launching Elixirr Stephen launched 3 start ups and although they each failed for different reasons the lessons Stephen took from these ventures set him up for later success with Elixirr.
We dive in to so many topics in this interview including:
Stephen’s journey and what you can learn from it.
Why Consulting is the most entrepreneurial career you can have in the corporate world.
Why fixating on your salary is holding your career back and what you should focus on instead.
The importance of an entrepreneurial mindset for employees and how you can cultivate it.
Stephen’s career advice for millennials.
And much much more!
You can find out more about Stephen and get in touch with him through Linked In – https://www.linkedin.com/in/stephen-newton-3b331a15/ - and find out more about Elixirr at www.Elixirr.com
Specific things we discuss in the show:
We:Bo Fitness App - https://www.webofitapp.com/
Stephen’s Blog on the entrepreneurial mindset for employees - https://www.linkedin.com/pulse/moving-from-employee-entrepreneur-stephen-newton/
Stephen’s blog on the characteristics of an employee and an entrepreneur -https://www.linkedin.com/pulse/difference-between-employee-entrepreneur-stephen-newton
Elixirr’s Salary Sacrifice scheme we discuss in the show - https://www.elixirr.com/2017/06/54-return-team-salary-sacrifice-scheme/
What we talk about and when:
00:02:05 - #MSH and what it means for Elixiir
00:04:34 – Stephen’s view on entrepreneurialism
00:09:45 – How Stephen founded his first business and what he learnt from this experience
00:14:31 – How Stephen leads from the front whilst fostering a collaborative management culture
00:22:30 – Stephen’s advice to people considering leaving Consulting to follow their own entrepreneurial ventures
00:27:02 – How you can develop the entrepreneurial mindset and apply it in your own Consulting career
00:34:00 – Elixirr’s unique approach to incentivising the team and letting them share in the profits
00:37:38 – Stephen’s advice for finding the best path for you in your career
00:50:00 – Why Elixirr started their Silicon Valley office and how they work with Start Ups to bring value to their clients
01:02:17 – What Stephen thought about running his own firm before he started Elixirr and how that’s changed since he founded the firm
01:08:43 – What challenges Stephen sees that holds junior colleagues back and how to overcome them
01:16:12 – Stephen’s book recommendations. You may find this slightly different to my previous guests!
01:17:54 - Stephen’s closing advice for you whether you’re just starting out in Consulting, In the middle grades or approaching Partner level.
01:22:51 – How you can get in touch with Stephen