Shane Tickell’s Post

Transcript

Hey friends in Health technology, today is the 12th of March. What a tough year so far. Really bad news over the last couple of weeks about the restructuring of the Department of Health and NHS England and, and supposedly 7 1/2 thousand jobs are going to be cut. That's really tough for people at the center. And I really admire and support people with trying to do what it is that they're trying to do with the resources that they've got and carry on, do the good work, make decisions. Um. But it's gonna be tough, especially on the back of a couple of years of restructuring that we've already had so. On top of that, what we're seeing is decisions that haven't been made or difficulties with funding means that companies in the health tech sector are going bus right now, companies are going into administration. I would suspect there's an awful lot more companies that are just on the verge. What do they do? I've been privileged to be your chief exec for over 20 years now. Some mission critical companies and we've written quite a few of these storms. And some of the things that I've absolutely learned is do not withhold making decisions. Do not be waiting for policy. Do not be waiting for funds to suddenly become available. You have to make decisions and be creative. Um, Harvard did a fantastic study of companies and senior executives and Matt, who were the most successful companies over long periods. The thing they found was that really great executives make decisions about 65% of the time correctly. That means they get one in three wrong, but the greatest companies go on to make more decisions. It's really easy when you're in a tough time to look at the numbers. Listen to the people whose job it is to be conservative, quite often your chief finance officers, your accountants. And your investors will want to know what you're gonna do about things as well. But rather than just retrench, actually band down the hatches. What's really important is to be bold. It's to invest in your people. It is to put yourself front and central. It is to look at the relationships you've got with your existing customers, make sure they are the best that they can be, that you have the most secure terms and you're delivering the best value. Quite often that's difficult. If somebody saying to you, we need to lose headcount, we need to, we need, we need to take costs out of the business, how is it that we're gonna we're gonna survive? I've been really privileged to to be through quite a few rounds of the market globally and locally. Most recently it's been one of my greatest privileges to serve on the NHS 10 year plan that's still a few months away. Whatever that plan says, I guarantee you this is gonna need some interpretation and it's going to take some time. It isn't going to be a quick fix for 2025. So that leaves a lot of companies right now. Some companies, if we know there are companies publicly going into administration going bust, you know, there's an awful lot just under that edge I'm really lucky to have in my team and my associates. Experience where we've done billions of pounds worth of business. And why I wanted to make sure the market knows that we're available to you in health technology particularly. That's our strength to come in and have a look at your strategy and what it is that you're doing is something that you think that we can do to help. I want you to reach out. Don't hesitate. Don't wait till it's too late. And even when you think it's too late, sometimes just picking up the phone, speaking to some other people that see things from different angles can actually just get by you. The time that you need to ride through and do get the decisions. It is tough and we are predisposed as humans. To to be conservative and to be protective. And not saying you shouldn't, but I am saying that sometimes you're just going to make some bold moves and sometimes it helps also to get somebody to see things differently. We're here. If you need us, contact us on the info link in the column below. Whatever you do, don't give up because we need people in health technology to solve the crisis that we have in the waiting lists to serve the growing population with bigger needs. So although things are going to get tighter, the opportunities are there for those who are the strongest. Keep going.