In this week’s podcast we speak to Helen Oldham, Board Director at the UK Business Angels Association. Helen discusses how she moved the two major Leeds newspapers out of the iconic Yorkshire Post building and the challenges (and learnings) that that brought, shares loads of great information for investors and entrepreneurs in the early stage investment landscape and teaches us what should be in the perfect angel investment pitch deck.
And if you’re looking for a Non-Exec Director, she tells us how you identify the perfect one for your business.
INTRODUCING HELEN OLDHAM
Helen is a Board member for the UK Business Angels Association, the national body for angel investing in the UK, and a Founding Board Director of NorthInvest, a multi award winning Angel network serving the Northern Powerhouse region.
In 2020 she founded Fund Her North, a collective of 28 women in VCs and angel groups who support female founders to get equal access to finance.
In the third sector Helen is Co Chair of the Trustees for Smart Works Leeds, a charity which provides coaching and clothing to unemployed women with a remarkable success rate of 65%+. She also holds various advisory and NED positions.
Prior to this Helen was Chief Publishing Officer and Managing Director of the Yorkshire Post and The Scotsman at JPI Media.
EPISODE HIGHLIGHTS
[00:00:30] Helen’s early career
[00:04:00] Moving out of the iconic Yorkshire Post building and the cultural and structural changes it brought
[00:08:00] The skills a business owner needs to make things happen
[00:10:30] How to manage major business change
[00:12:00] The importance of mentors and three great tips
[00:16:00] How to build an effective angel network
[00:19:00] How NorthInvest came about
[00:22:00] Smartworks, the national women’s employment charity
[00:28:30] Top tips for businesses looking for angel investment
[00:33:00] Top tips for potential Angel Investors
[00:38:00] How to put an angel investment pitch deck together
[00:46:00] What skills should you look for in a Non-Exec Director
KEY TAKEAWAYS & BUSINESS LEARNINGS
- You can only make major successful changes with a really good team around you
- Your first job in a (senior) new role is to a lot of active listening
- Listen to suggested solutions from the team to problems
- At times of change ensure you are communicating regularly
- Think about your communication style and who you communicate to
- Female angel investors are more likely to back female founders
- Ask yourself, “is Angel investment right for you at this point in time?”
- Start looking for angel investment 6 months before you need it
- You don’t need huge amounts of money to be an Angel Investor
- When looking for a NED, start with a skills audit of your board
BEST MOMENTS
“We relocated all of the staff out of the Yorkshire Post building in a record four months”
“I decided on a major restructure of the YP and YEP and it hit the national news”
“explaining how changes will affect individuals is vital to retain trust”
“If someone says, “Helen there’s no way you’re going to do this that makes me determined to make sure we actually get there in the end”
“If you say something to one person, you have to assume everyone will get a version of that”
“50% of the businesses backed by NorthInvest were not revenue-generative”
“Typically when the economy tightens up, that’s when the greatest innovation happens”
“Don’t forget when looking for investment, people are interested in people”
VALUABLE RESOURCES FOR YOU
Website: www.leedsbusinesspodcast.com
Smartworks: https://leeds.smartworks.org.uk/
Fashion For Good Ball: https://leeds.smartworks.org.uk/events/fashion-as-a-force-for-good-ball/
LinkedIn: https://www.linkedin.com/in/helen-oldham-46aa8324/
Shout out tags: https://leeds.smartworks.org.uk/ https://castrooms.com/
Want to watch instead of listen? Subscribe to our You Tube channel - https://youtube.com/@LeedsBusinessPodcast.
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ABOUT YOUR HOST
Phil Fraser went from an accidental kitchen table start up, with no investment, all the way to multi-million pound sale to a PLC 18 years later. He’s travelled the full SME business journey of launch, growth, scale and exit.
As well as hosting the Leeds Business Podcast, Phil now works with ambitious SME-owners as a Business Sounding Board (think somewhere between Business Coach and Business Mentor). In simple terms, he’s ‘a pair of ears and an extra pair eyes’ for SME Owners helping them to be better at what they do. Phil’s mantra is It doesn’t need to be ‘lonely at the top’. He helps Business Owners to be better business owners, by helping with their clarity and focus.
As a Business Sounding Board, he gives SME Owners the time & space to regularly discuss their challenges and opportunities, with no sense of judgement or bias, and in complete confidence. This allows them to explore their options in full, culminating with a list of issues to address/clarify, a clear target in mind, a roadmap to success, and a renewed enthusiasm and confidence for the challenges ahead.
Phil has appeared as a guest on over 60 podcasts, webinars and interviews, from around the whole globe, talking on a variety of business subjects. You can view them all at https://philfraser.co.uk/watch-hear-phil/.
LEEDS BUSINESS PODCAST
Yorkshire Post, Jenny Tooth, UKBAA, NorthInvest, Adam Beaumont, YABA, Cornerstone Founders, Investment pitch decks, Castrooms.com, Cast Rooms, Leeds, Leeds Business, Business in Leeds, Nous of Fraser, Business Sounding Board, Business Coach, Business Mentor,
Email: phil@leedsbusinesspodcast.com
Mentioned in this episode:
Pre roll November
As November is my birthday month, I've got three special offers for you.
If you can say yes to the following four points, you qualify.
You have to be a business owner, have three to 15 staff, a turnover of between 350, 000 and 3 million, and wanting to develop and improve yourself and how you run your business.
