By Martin Vogel
London’s start-up sector should be on the radar of every coach. It is huge and dynamic, populated by a young and creative workforce. If you’re not interested in start-ups as a potential market for your coaching work, you should at least pay attention to how the sector is changing the world of business and leadership.
Most of the sectors in which we work are being transformed by the disruptive influence of digital start-ups – whether this be by eradicating the business models of established industries or by absorbing the most talented of those entering the workforce.
On 24 May, the Real Sessions offers you a chance to get your head round this new world of business that is taking shape on our doorsteps. Book now with Eventbrite.
Here are some facts you need to know:
- London’s start-up sector is no longer confined to the area around Shoreditch and Silicon Roundabout. It’s popping up everywhere. There are hubs emerging in Camden and Kentish Town, King’s Cross and Euston, Canary Wharf, Stratford and Croydon.
- More than quarter of a million people are employed in digital jobs in inner London alone. Getting on for 50,000 new jobs are expected to be added across the capital over the coming years.
- London’s tech companies have particular strengths in areas in which the capital has heritage: finance, retail and the creative industries.
- Venture capital investment in London is growing rapidly. London’s technology firms have raised $5.2 billion since 2010.
- What has been dubbed ”the flat white economy“ – technology, creativity and marketing – is forecast to contribute nearly 16 per cent of GDP by 2025
Start-ups are creating a radically different world of work. Young companies are pioneering new ways of organising and leading. People at the early stages of their career can gain more diverse and stretching experiences – including of challenging leadership responsibilities – than are routinely offered to graduate entrants of traditional organisations. Late-stage career switchers can find new markets for their acquired wisdom but also a steep learning curve which requires them to renew core skills.
What does coaching have to offer this world? Potentially a great deal. It’s a sector that’s in a hurry. Experienced executive coaches bring insights and creative approaches that can help start-ups become scale-ups with a minimum of friction. But coaches need to know how to frame their offer in ways that make sense to leaders who may not fully grasp what they need to learn.
We’ll be joined by four leaders from the sector:
- Paulina Sygulska, co-founder of GrantTree which helps UK tech companies to raise money from the government.
- Maria Campbell, who’s in charge of recruiting and building the team at Mondo, a bank that works through a smartphone app.
- Nelson da Silva, UK country manager, and Helena Wood, welcome team leader, at Receipt Bank which helps businesses streamline the processing of receipts and invoices.
We’ll be hearing about the challenges of building new organisations from scratch and brainstorming how coaching can help address the leadership development issues start-ups face. A meeting of coaching and start-up minds.
Start-ups and scale-ups: the new world of business
24 May 2016, 6.30–8.30pm
Space in Marylebone, 10 Daventry Street, London NW1 5NX
Members £36 inc. VAT; Non-members £42 inc. VAT
Image of the Hub Islington co-working space courtesy Impact Hub.