openPR Logo
Press release

Barvetii Wealth Consultants Richard Branson on Managing Change

Virgin Group's founder shares advice on leading a team through a restructuring or merger.
Restructuring can be a difficult process. Even if you've done everything right, sometimes the company needs a new direction because circumstances and opportunities have changed. It is well known that over the years we have closed down or sold a number of the 400 or so Virgin companies we have created. Companies are tools designed to fulfill a particular purpose. If they are superseded or no longer needed, our group will sell or shut them down. We try our best not to lose people or know-how, but we do not allow ourselves to get nostalgic about the concepts of the companies. When Virgin renews itself, the critics who tut-tut about all the leaves falling to the ground have failed to spot the tree.
Here at Barvetii Wealth Consultants we are committed to offering our clients access to the latest and broadest range of financial services and products on the market. We know that choosing the right strategy, the right investment and the right product is no easy task in this day and age! Whether its advice, investments or financial planning we are here to answer all your questions and facilitate all your financial needs.
To lead your company through a restructuring, you need to take a cold, hard look at the business. Will you be able to empower your staff to do what needs to be done? It can be superhumanly difficult to change a company's existing culture. This is also something you should consider if you're leading a team that's contemplating a business acquisition -- so many of which end up being disasters because the executives fail to understand the real challenges of getting different types of employees to work together and share the same goals.
We found ourselves grappling with a challenging situation in February 2007, when we relaunched the combined company of NTL, Telewest and Virgin Mobile as Virgin Media, creating the largest Virgin company in the world, with 10 million customers and 13,000 employees across the U.K. Until then I'd always followed a "small is beautiful" business plan. In Virgin's early days, whenever one of our companies topped 100 employees, I would ask to see the deputy managing director, the deputy sales manager and the deputy marketing director. I would say to them: "You are now the managing director, the sales manager and the marketing director of a new company." Then we would split the company in two.
But Virgin Media was neither small nor beautiful. The NTL part of our business, in particular, was in a sorry state. We needed drastic changes in customer service. For one thing, the people dealing with complaints didn't seem interested in helping customers. It turned out they were reading from scripts all day.
This brings me to my next bit of advice: executives and managers overseeing any restructuring or merger should find ways to inspire all employees to think like entrepreneurs. A person's own conscience is the hardest taskmaster of all, so the more responsibility you give people, the better they will perform.
In Virgin Media's case, the scripts went straight into the garbage. We told our call-center employees to solve problems within one call if possible, and we reallocated resources to the front line. There was skepticism at first among former NTL staff. What would happen if one of our customer-service people overstepped the mark and offered customers too many perks? My response: "Live and learn." I didn't think anyone should be criticized for being overly generous when handling a disgruntled customer. If one or two of our people got themselves into a tangle, they'd do better next time.
The lesson I have learned from difficult restructurings is: avoid taking on someone else's legacy. If the people you're responsible for no longer have the enthusiasm and determination needed to relaunch the company, you're better off finding a new team to launch your business.
What if that's not an option? There is an alternative, one of the hardest tricks in the book: restructure your company so that it's very small, very specialized and very expensive. This is an innovation of the highest caliber. Take a large operation and find ways to scale it down, retarget it and remarket it, all the while adding value that justifies the hike in price. If you're able to pull off the small-and-specialized restructuring, your staff may be in charge of a smaller company, but each contributor will have more clout. They will be able to take pride in their successes, and learn quickly and well from their failures.
What's more, you'll be gathering people together so they will bounce ideas off each other, befriend and take care of each other, and eventually start coming to you with solutions and great ideas again. Wouldn't it be wonderful if the new company you create is full of motivated, caring, creative people? Think of what you could achieve.
Want to know more?
About Us - Barvetii International Wealth Consultants Spain was formed when three investment brokers joined forces to create one of the world’s leading boutique brokerages. The company was born out of frustration since many of the larger brokerages were cumbersome and bureaucratic, the partners formed Barvetii International Wealth Consultants Spain with the idea that there could be a small, maneuverable dynamic company ready to take on the industry giants.
Their ideas would benefit individual clients greatly as they could tailor solutions specifically for a clients individual wealth accumulation objective.
Over the years Barvetii have built a reputation in the industry of being able to spot companies that demonstrate a unique advantage to outperform in the marketplace.

Barvetii International Wealth Consultants Spain was formed when three investment brokers joined forces to create one of the world’s leading boutique brokerages. The company was born out of frustration since many of the larger brokerages were cumbersome and bureaucratic, the partners formed Barvetii International Wealth Consultants Spain with the idea that there could be a small, maneuverable dynamic company ready to take on the industry giants.
Their ideas would benefit individual clients greatly as they could tailor solutions specifically for a clients individual wealth accumulation objective.
Over the years Barvetii have built a reputation in the industry of being able to spot companies that demonstrate a unique advantage to outperform in the marketplace.

Paseo de la Castellana 95-15
Madrid 28046
Spain

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Barvetii Wealth Consultants Richard Branson on Managing Change here

News-ID: 160108 • Views: 1132

More Releases from Barvetii Wealth Consultants Spain

Barvetii Substantial Potential In Us Blue Chips
Barvetii International Wealth Consultants today is an ideal time to purchase directly into US equities, according to the Spanish-based wealth consultants. Barvetii International Wealth Consultants points out that US blue chips are at their cheapest quantities to bonds since 1951 and considers this signifies an massive possibility for option traders. US large cap stocks stand for an excellent opportunity to buy the most effective quality companies worldwide at extremely low prices. Exxon
Barvetii Wealth Consultants When to Set Sales Performance Reviews
Why frequency counts in making your sales team more productive. At Barvetii Wealth Consultants we have one sole mission, to make sure we are the eminent leader in the global financial services industry, and that we will always achieve the best results for our clients. Annual performance reviews give managers and employees an opportunity to look at the employee's performance over the course of a year. Short- and long-range goals from the
Barvetii Wealth Consultants Trends for Online Marketers in 2011
A look at the latest technology tools that will influence how you reach customers by John Arnold. Barvetii International Wealth Consultants, Madrid, Spain was formed when three investment brokers joined forces to create one of the worlds leading boutique brokerages. The company was born out of frustration since many of the larger brokerages were cumbersome and bureaucratic, the partners formed Barvetii with the idea that there could be a small,
Barvetii Wealth Consultants - Peer Lending Grows as Business Owner Option
Lower interest rates and less red tape make this financing option increasingly attractive by Laurie Kulikowski. Barvetii International Wealth Consultant’s one sole mission is to ensure Barvetii are the eminent chief in the global financial business, to continuously achieve the best outcome for our clientele. When John Good, owner of the Bubbles Galore Car Wash in Davison, Mich., went to his local bank last year to get a $16,000 loan to expand

All 5 Releases


More Releases for Virgin

Fairmas welcomes Virgin Limited Edition as new customer
Sir Richard Branson's hotel group opted for financial planning software from Fairmas Berlin, London 17.12.2018: Berlin-based Fairmas GmbH, the hotel specialist for software solutions in the areas of financial planning, controlling, management reporting and benchmarking, is increasing its international customer base with Virgin Limited Edition, London. The subsidiary of the global Virgin Group Ltd. co-founded in 1970 by Sir Richard Branson, owns and operates a collection of exclusive and
Looking for Flavored Extra Virgin Olive Oil in California?
We have all been eating olives for a long time but it is now that the fruit has been receiving great interest from people all around the world. The health benefits olive oil offers and the culinary uses of the fruit are remarkable. While there are many different varieties of edible oil available, olive oil stands superior to all of them. Olive oil is considered to be the healthiest fat available
Market Intelligence Report Virgin Paper Packaging Market, 2016 - 2024
The rise of recycled paper has largely been borne out of the globally increasing concern over the increasing rates of deforestation needed to produce enough paper for the world’s needs. Recycling of paper is also the prime reason for the steady drop in the overall demand for virgin paper, or paper that has been directly manufactured from trees and primary raw materials and has not involved the use of recycled
Latest Development Of Global Virgin Coconut Oil Industry 2017
Albany, NY, 14th November : Recent research and the current scenario as well as future market potential of "Global Virgin Coconut Oil Detailed Analysis Report 2017-2022" globally. This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in Virgin Coconut Oil industry. Get PDF for
Global Virgin Olive Oil Market Research Report 2017-2022
Report Hive Market Research Released a New Research Report of 112 pages on Title "Global Virgin Olive Oil Market Research Report 2017-2022" with detailed Analysis, Forecast and Strategies. In this report, the global Virgin Olive Oil market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report
Extra Virgin Coconut Oil Market Research Report 2017-2022
Report Hive Market Research Released a New Research Report of 114 pages on Title "Extra Virgin Coconut Oil Market Research Report 2017-2022" with detailed Analysis, Forecast and Strategies. Coconut oil, or copra oil, is a palatable oil separated from the portion or meat of develop coconuts reaped from the coconut palm (Cocos nucifera). It has different applications. In view of its high soaked fat substance, it is ease back to