Why I really signed up to the Fair Payment Code

Earlier this year I became one of the first businesses in the UK (and the first sole trader) to be certificated by the new Fair Payment Code (and at the top tier level, too!). 

This new standard is part of the government's wider attempts and efforts to encourage business growth, investment, etc by helping to make sure money is flowing around our economy in ways that benefit all of us (and isn't getting 'stuck' in the pockets of a few bigger businesses, at the expenses of the lots and lots of small businesses who collectively employ most people).

Over the first few months since the Code (and its first cohort of pioneer awardees) was officially launched, I've seen lots of my fellow certificated businesses share the reasons why they chose to submit themselves to the rigour and scrutiny that the application process for it entails.  Most of these are probably what you'd expect:

- it helps them build more resilient supply chains;

- it makes them more trustworthy with commissioners, investors, etc

- and it helps them better attract talent when they're recruiting, by showing how they're a firm you wouldn't be embarrassed to work for.

However, as you might expect, my motivations were a little different: 

I've always been open in stating my intention to pay all invoices within 24 hours of my receiving them, which has led to my current recognition by the Organisation for Responsible Businesses; the Good Business Charter; PayOnTime; and the previous government Prompt Payment Code.

And that's because ultimately I don't want to be a d*ck - I hate it when I'm paid late by my clients, so why would I further their bad practices by making others similarly suffer when I could do something about it?

I also saw lots of the other big businesses alongside me on the initial list of awardees patting themselves on the back for getting the bronze and silver levels of certification (which means they pay up to 90 days after you give them your bill). But if I can hit gold (guaranteed paying within 30 days) without having dedicated finance managers, access to investment and bank loans, etc in the way they have, then how come my practices are somehow so much better than theirs?

What's stopping bigger businesses from hoarding cash, which not only causes more smaller firms like ours to increase the risk of going bust, but also contributes to likelihood of the wider economy going into a recession, which would hurt all of us?

* recessions aren't caused by an economy running out of money, but by people and businesses stopping spending money in it - like not paying their bills when they're supposed to...

Winning gold (for getting money out of my business the quickest)

I've recently been named as one of the first businesses in the UK economy to be recognised under the Government’s flagship Fair Payment Code - a new standard that aims to challenge practices of late payment, which see small businesses currently losing nearly £2bn each year that they could otherwise be investing for growth, new job creation, etc[1]. 

And to make this recognition it even more special, I'm not only the only sole trader/freelancer to make the list, but I've also been given the gold-level badge, too! 

Given that the code awards businesses against three levels (bronze, silver, and gold), and I'm tiny compared to all the others recognised by it, it's probably safe to say that there's some red faces amongst them - if I can achieve this top level standard ahead of them, without the resources of their finance departments, access to lines of credit, etc, then what’s stopping them from doing the same?

I've always aimed to pay all invoices I receive within 24 hours – not just because I know how important it is to me as a micro enterprise to be paid promptly, but also because late payment practices force too many businesses to be wound up before their time. In turn, this means their plans to continue to grow our wider shared economy are lost; and people’s livelihoods are destroyed, forcing more families into poverty. And I can’t sleep with my conscience if I’m not doing all I can to avoid contributing to this problem.

In the past, my payment practices have been recognised by the Organisation of Responsible Business, the Good Business Charter, the previous Prompt Payment Code, and my being a registered Pay On Time supporter. This latest recognition highlights not just my own professional standards and commitments to fellow businesses of all types, but also the importance of micro enterprises and the self-employed like me, who are quietly and collectively working to strengthen our wider economy for the benefit of us all.

For more about the new Fair Payment Code -https://www.smallbusinesscommissioner.gov.uk/new-fair-payment-code/

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[1] https://elitebusinessmagazine.co.uk/finance/item/how-are-we-still-talking-about-late-payments

Molotov cocktails, jelly babies, onions, and handfuls of sand - how people I work with really see me...

As part of my ongoing CPD*, I commit to an adapted360-degree feedback process on myself every couple of years. But instead of sending out questionnaires or survey forms, I ask people 1 question – this year, that question was

“if there was to be a statue made of me, what would you expect to see it holding in its hand?”

People offered a wide range of accessories, but all seem to relate to two themes:

* My playful nature, and encouragement that we should all try to find more moments of enjoyment in what we do;

* My desire to encourage and support others in their journeys and roles.

This seems to be aptly illustrated by the most commonly referenced items being a fez, and my book on imposter syndrome.

 

However, there was also a wide of other creative ideas, and I felt it only proper to share these on, to see if people feel these might also be fitting decorations to a form of me:

- lego bricks

- a business award

- Post it notes

- sand (because it represents my being able to hold lots of tiny details which most others can’t retain)

- a light sabre

- jelly babies

- a cup of water (because its essential, life affirming, and bountiful – although personally I’d prefer it to have been a glass of whiskey…)

- weird glasses (to convey my ‘quirkiness’)

- a rubicks cube (which co-incidentally I have a lego version of one)

- a Molotov cocktail (because I make very policy-based subjects incredibly entertaining and, drawing comparison with the revolutionary symbol of the Molotov, I’ve been unafraid to do this by myself for almost 20 years.

- a fedora (don’t worry Tony Robinson, you’ll always be the king of the fedora for me!)

- a sealed envelope with all the answers inside (not for me to give to you, but to encourage you that there are answers that are right for you, and I’ll help you work through things to get to yours in the end)

- someone else’s hand (to illustrate my helping other people)

- an onion (because it has many layers, it has a heart, it has a tough skin, it is essential to most recipes, it represents the coming together of good food and good people, it is versatile, it is important to all sectors of society)

But one person’s response described a vista, that’s making me think that I should be considering a portrait, rather than a statute:

"If there was ever a statue to be made of the coolest consultant in town, I would imagine it would resemble the eternal image I have etched into my hippocampus of Adrian, it would be one of a man wearing a red fez hat standing proudly on top of a really complicated looking but easily assembled lego structure holding a magnifying glass as he examines a thin green book!!....an eccentric who finds solutions to the most complicated of conundrums with supernatural attention to detail, the man the myth the legend that is Adrian Ashton"

 

And the idea of a portrait might also help resolve another conundrum about my being ‘statue-d’ I’d not considered: someone asked what it would be cast in: gilt, marble, iron or papier mâché; and if it would be life size or larger than life?

*CPD = not what you think it stands for...

how I managed to gain a doctorate during lockdown

Several years ago, I argued why impressive sounding qualifications can sometimes be a dangerous thing in offering a false sense of security that someone may be more knowledgeable and experienced than they actually are...

And I've always stood by this - including up to the point of actively hiding the 'alphabet soup' of letters that I've someone managed to amass that appear after my full professional name.

But then 2020 happened - and many of us found that we more time on our hands than we had before that needing occupying, and we started to hear in our Facebook feeds and Instagram stories how our friends and colleagues were all learning new languages, starting to paint, and other life enhancing things that made us wonder if we weren't wasting our lives by binge watching Netflix box sets while counting the days until we could next legitimately go to the shops...

I for one, found myself being quite 'active' professionally in various ways (see  http://thirdsectorexpert.blogspot.com/search/label/pandemic for some of the 'highlights' of what I got up to during lockdowns). But I also started to wonder if I shouldn't somehow also try and structure these experiences around some form of recognised learning (or at least have something to show for when people ask me in years to come "how did you make the most of the extra time you had during lockdown?", now that we're starting to emerge from it).

Now, I've always known that some of what I do (professionally) gets me noticed in countries outside of England - and I've always been encouraged by that, even if I've never had the aspiration to pack a bag and accept contracts I've been offered on other continents.

And it seems that some of this 'being noticed' has seen a University in America decide that it was about time that some form of academic recognition be bestowed on me - and following a short exchange of emails, I've received an honorary doctorate! (But not of a medical type, and not of the definitive article).

So I'm now technically: Dr h.c. Adrian Ashton of Business Counselling, (CCU/USA)

And this puts me in a bit of a quandary: I've maintained for years that professional qualifications and academic recognitions are not only something that I'm actually not that bothered about, but can also be dangerous things to 'flaunt' - but now I'm in the camp where I've a doctorate.

So what to do? 

Should I completely revisit my whole thinking about having the letters to bookend my name with, or just add this latest addition to the shelf with all the other paperweights and doorstops that I've amassed over the nearly 17 years I've been freelancing to date?

why I don't go to awards ceremonies (despite winning them!)

I seem to be developing a reputation for winning awards (and as with most of my other reputations, is not something I purposefully set out to achieve...); but thought it might be time to reveal why I'm usually pictured in my office with all the paperweights and wall hangings that I seem to be amassing, rather than being suited up at official awards ceremonies:

1. they're usually in London or major cities that aren't that easy for me to get to (I live in the Pennines where the quality of views, walking, and beer are offset by years of under-investment in public transport links...)
2. Despite all my bravado and pomp, I think that my factory default setting is far more introvert than extrovert, so if it's all the same, you can post me the paperweight and I'll stay at home to watch TV with my girlfriend and a glass of wine;
3. But perhaps most importantly, not going in person creates an opportunity for me to be able to help other people get a 'leg up' as they're starting their careers and adventures - at the IOEE awards where I was named 'member of the year', I orchestrated it so Harsha Patel would be 'me' at the House of Commons to accept the accolade on my behalf: she was in the process of founding Doing Social at the time, so this meant she had opportunity to network with people and agencies more quickly and easily than she might have otherwise, meaning she could get her new venture 'out there' more powerfully than she might have otherwise. (She also looked better in a dress than I could ever hope to when on the podium giving the acceptance speech...)

So that's the reasoning behind why, in my business model, I seem to be once again going against conventional wisdom that says I should be revelling the in the validation that having awards bestowed on me offers..,

the tension of being British and winning business awards

Anyone who's snooped around my website, or followed some of my social media feeds, will likely have noticed that from time to time I'm fortunate to be recognised through receiving various national and international awards.

As a sole trader, such recognition is really valued: I don't have a line manager, team of colleagues, or regular gang of work mates whom I go out after work with that would otherwise help reassure me in those moments where I doubt myself, and wonder if I really am as good as I seem to be (hint: impostor syndrome is much more common amongst freelancers than people like to publicly admit). So such validations are genuinely welcome, and hopefully also an encouragement to other fellow freelancers and self-employed, that we really can achieve great things despite sometimes feeling like a flea when compared to the likes of larger firms and companies.

But recently I've started to notice that there seems to be something 'a bit British' about such business awards: whenever I learn I've been shortlisted for something, I'm keen to share that news as encouragement to others (and also reassurance to clients that they've commissioned the right consultant!). And if I'm fortunate enough to impress the judging panels sufficiently for them to put my name on the trophy, there's a similar post (although not always traditionally posed...) to share my excitement. And what I'm starting to notice is that there seems to be more interest and 'well done' messages when I share news of nominations and short-listings, than there is if I get to subsequently add another 'paperweight' to the trophy cabinet.

And I'm wondering if this is a reflection of our culture as Brits - try hard, strive to succeed, always root for the underdog (in this case, the sole trader who's up again international consultancy firms), remember it's more important to take part than to win, and don't get too cocky... 

But is that a bad thing? After all, it's complacency that is usually at the root of businesses that start to struggle and fail, and that's something I'm very keen to avoid (even though I've managed to remain self-employed for nearly 15 years now, I still fret about being able to find the next paying client or that my invoices will be able to be paid...)

So maybe we should focus more of the celebrations not on the winning of awards, but on those who get nominated and shortlisted (which is often no mean feat to achieve in itself). 
As for me? I'll still keep sharing news of awards nominations and additions to the mantelpiece, but won't be upset if you decide not to comment or like the posts I make when I share the news of it as encouragement to others.

tap dancing in the House of Commons

Some of you will know that I'm not big on formalities, nor one to readily 'doff the cap' in restraining myself from speaking out or causing disruption for the sake of manners.

Which meant that I was surprised to be invited to the House of Commons earlier this week, after being shortlisted in the national enterprise support awards from IOEE and SFEDI.

Although my famous fez didn't make the journey down to London with me, I was able to share the experience with my girlfriend (although she's not new to the whole awards ceremonies at Parliament, having done similar a few years back, but with the bonus of guided tours by Ministers!). 

And I'd encourage anyone who has the opportunity to add their partners as a "+1" to any business event like this to do so, as being there with her made me much more aware of just how I present myself in such settings, (and reassuringly/worryingly that I'm not that different in private to my public persona!).

Sadly, despite being shortlisted for 2 of the awards, I was pipped to the post on both of them, but the event was a rare opportunity to re-engage with some universities and sector bodies I'd started to loose touch with. 

The setting itself was also suitably prestigious, although the lack of tables for dancing on made me wonder if the organisers had been tipped off about my coming in advance..? 

But despite this, I still managed to thrown down some moves with a tap dance under the main chandelier in the Central Lobby before security were able to move me along...

based on official statistics, my support to enterprise is far better than what the government pays for...

Business support comes in all sorts of forms, in all sorts of places, and from all sorts of people.

But the question that all entrepreneurs face when navigating the options out there, should be "is it any good?"

And there are all sorts of ways in which you can start to consider the quality, validity, appropriateness, (and even legality!) of the support you find and the advice you're offered through it:

- what qualifications does the person have? (but as I've shown before, a qualification is only an assurance that the person has been taught something, it's usually no indication of how knowledgeable or competent they actually are...)

- what recommendations have others made about them? (but again, I've evidenced how you can't trust any such endorsements a person may have received...)

So what's left? Well, how about statistics relating to performance? After all, it's how the success of any contract or project is usually considered, and the government's flagship business support programme, the growth hubs, are regularly applauded on the basis of these.

But the latest published self-congratulatory statistics about the performance of these growth hubs suggest that they may not actually be that great in practice, and when I compare my own performance against theirs, I seem to come out in a far better light:

Growth Hub - only 5% of all businesses who contact them actually get some 'real' (in person) support

Me - only about 5% of people who contact me by websites, social media, email, or phone don't get the opportunity to have a 'real' (in person) contact and support

Growth Hub - 87% customer satisfaction

Me - 98% customer satisfaction

Maybe this is why I was named as one of the UK's top10 business advisors by Government, and have a trophy cabinet of national and international awards, and the growth hubs don't?

Or maybe it's a case that there's are lies, damned lies, and statistics...?

compared to what..?

There are lots of reasons banded about why we should try and be capturing and reporting the social impact/value of our enterprises - and that's not just something which is confined to the social enterprise or charity world: the private sector have been pioneering a lot of clever approaches to it to over recent years as well (Puma's environmental Profit & Loss, the international impact accounting standard, and McDonald's own infographics to name but a few...)

However, one of the key questions that any impact or outcomes reporting should answer is "so what?" - what difference has achieving this reduction, or engaging that number of people, made? But within the context of impact reporting, I think the "so what?" question also needs to be extended to be framed as "compared to what?". If an enterprise reports that it's reduced carbon emissions by 10%, is that good or bad? It might compare itself to its performance last year, but that's not really that objective or honest of a measure - it's surely only when we can compare that 10% to what comparable enterprises have been able to achieve that we can fully appreciate if that's a score to be scoffed at, or to be applauded.

And yet, how many social impact reports seek to reference any external benchmarks or comparisons in presenting their findings?

As ever, I'm not one to suggest something without being willing to try it myself - so this year I've sought to source external benchmarks against my own social impact reporting framework.

And I wanted to see what people thought about this before blogging about it, so published the report via twitter, and various LinkedIN groups, sat back, and waited for a week or two, before sitting down to draft this reflection.

And what the wider world seems to think based on engagements and comments to the post about the report is that while my doing an impact report on myself is a good idea, no-one really engaged or picked up on the fact that I'm starting to benchmark it externally to see if what seems to be a 'good' figure is really good, or if its outstanding instead.

For myself, I think that in finding I'm contributing more in taxes than my counterparts in regular employment is an encouraging sign that I'm still sticking to my principles of wanting to support public services, and my investing more in my ongoing CPD to keep myself 'on top my game' should be a great reassurance to clients (as well as all the awards I seem to keep winning...)

And while it's not perfect by any means (kudos to Liam Black for keeping me grounded as ever with it via his latest tweet), it's surely a start in furthering the conversation and encouragements for things like this to become more commonplace and therefore useful in helping us make better informed decisions about how we're approaching trying to make the changes in the community / society / world we seek to? 

You can access the full report via this link - https://www.scribd.com/document/348140111/Adrian-Ashton-Social-Impact-Report-2016-7

Do you really need to win an award to start your enterprise?

I was following an enterprise start-up awards ceremony on twitter recently that had sought applications from people who felt they had great ideas for a new venture, to be considered for being the recipient of a relatively small grant to support their start-up needs.

There are always programmes such as this running somewhere, all with different priorities and criterion for applicants and would-be entrepreneurs, but how much do they actually help?

 

Setting up any new venture takes time and involves risk – anything we do during this critical stage has to assure us of the best possible return for our investment of all-too-precious time: applying for a grant/award takes valuable time, and is inherently risky: not just in outcome, but also with the conditions that will invariably be attached to it.

By encouraging start-ups to apply for such funds are we therefore actually doing more harm than good? Not only will any such awards will come with constraints on their use, and have an economic cost of other options not pursued, they also engender a culture and mindset of 'handout': establishing a venture on the philanthropy of others means that it will ultimately weaken its ability to be sustainable and viable – always needing a crutch of some type, rather than standing on its own two feet as other enterprises who've bootstrapped their start-ups are subsequently better able to do.

But...

For some, such awards really do make all the difference owing to their personal circumstances: there's no way that they could afford, or be able to access the finance they'd need any other way. So such awards have their place – perhaps we therefore need to be more stringent in their application criteria, encouraging would-be award winners to explore other options first that they may have recourse to that others in our unequal society can't?

I'm not looking myself...

most of the time we do what we do because we believe its the right thing to do (or sometimes because we just need the cash...);

we don't do it to seek praise or public adoration, we do it to keep the wheels of the universe spinning a little more smoothly, and to hopefully contribute to a slightly better world than the one we found when we arrived in it;

but sometimes someone sees what we're doing, and pats us on the back - not because they have to, but because they want to recognise and encourage us. And when that happens its very empowering and motivating. How do I know? Because it happened to me recently - turns out I won a national award from the Institute of Enterprise and Entrepreneurship in recognition for the impact I'm creating through my mentoring various enterprises (didn't realise I'd even been nominated!)

And did I enjoy the glitzy award ceremony at the Houses of Parliament? No - because I'd already promised a local charity that I'd be spending that afternoon with them, helping them to try and resolve some of their frustrations and tensions in how they manage themselves to ensure that adults with learning disabilities can enjoy a higher quality of life, while at the same time they as an organisation can keep paying their bills...

So instead, Harsha Patel of Doing Social kindly accepted the award on my behalf - and I'm glad she did, as she looks far better in a dress than I could ever hope to...