How did Poland go from earning 16p for every pound a British person earned to 83p in just 25 years? And more importantly, what does that extraordinary economic transformation mean for the way you run your business? In this episode, Claire and Simon break down the eight key decisions that turned Poland into Europe's greatest economic success story, and apply each one directly to what growing businesses can learn from them.

Key Topics Covered

• The eight things Poland got right, from shock therapy and keeping its own currency to EU membership and cross-party political consensus, and the business equivalent of each
• Why ripping the band-aid off in one go is almost always better than slow, managed change that drags on for years
• The danger of tying your hands: the one-customer problem, the one-channel problem, and the debt covenant trap
• Why laying the right foundations before you grow determines whether the growth actually sticks
• Cross-departmental buy-in and why the businesses that sustain growth are the ones where every hire understands the vision
• The role fear plays in driving performance, and why comfort is the enemy of ambition

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ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 7 & 8 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.