Case study: Be the Business Board gives STC Member Collins fresh approach to problem-solving

Silverstone Technology Cluster

2nd December 2021

Brothers Jilbruke and Jenner Collins are directors of Collins Limited, a vehicle development agency that they founded in 2015. They’ve been involved in vehicle engineering for motorsport for over 20 years – first in their native Australia, and, since 2002, with Formula One in the UK.

Engineers through and through, they realised that if they were to achieve their ambition of delivering high value vehicle projects then they would need to raise their game on what Jenner calls “the business side of the business”.

Therefore, they seized the opportunity to work with five advisory board members as part of the Be the Business Advisory Boards programme through the STC (CLICK HERE to register for one for free).

“We realised that getting input from experienced people in different fields, and the networks that would expose us to, for a relatively small investment of our own time, would be invaluable,” says Jenner.

Lifting their heads from the day to day

Nevertheless, they were a little nervous when they embarked on the programme. “I wondered if it might be a bit like Dragon’s Den, where they would grill us and expose lots of holes in our thinking,” admits Jenner.

“But it wasn’t like that at all. They were just curious, they seemed genuinely interested in our business, and they asked all sorts of questions that forced us to lift our heads up from the day-to-day and think about what we needed to do to get to the next level and the level after that.”

What struck board member Pete Boddy, head of engineering, Air Service, at BAE Systems, at the very first meeting with Collins, was a lack of clarity about the company’s five-year business plan.

Pete explains: “You need that underpinning part in order to ask more pointed questions about how they are hoping to achieve growth by certain milestones, what plans they have for certain customers, why they feel they need more office space, and so on. After that initial conversation Jenner and Jilbruke went away and did that, and that led to some really useful discussions.”

Becoming flies on the wall

One of the most tangible tools the board gave the brothers was a decision-making matrix, which allowed them to prioritise projects by allocating them scores for risk and reward.

“We might have come to the same conclusion without the matrix, but because we were using objective measurements it removed a large element of debate and allowed us to make quicker decisions,” says Jenner.

He says the board has helped the brothers to take the emotion out of things and be more objective – “almost as though we were flies on the wall of our own business.”

Building confidence

While being forced to reflect on the business has allowed the brothers to make better decisions, the support of the board has also boosted their confidence, says Jenner.

“The more people there are round the table, the more you realise there isn’t just one way to do something, the more experiences you can draw on, and the more you realise that, while there are always things you can improve, you’re maybe not doing too badly,” he says.

Being careful not to prescribe a particular approach is a critical aspect of supporting an entrepreneur, says Bhavna Saraf, managing director, head of Trade Product, at Lloyds Banking Group, and a member of Collins’ board.

“It’s about recycling or recalibrating your experience in a way that is helpful and appropriate for the company you’re advising,” she says. “Banks get paid for taking risks, so we have a good understanding of how to evaluate risk, but when you’re talking to a motorsport company with two directors and a turnover of £100,000, they have different risks, so it is very important that we listen to them and offer very tailored help.”

Board members have nerves too

And it’s not just the entrepreneurs who are apprehensive when joining a Be the Business board. Despite many years as a senior leader in BAE Systems, as well as extensive mentoring experience, Pete Boddy understands that he has as much to learn as anyone.

“You go into the first board meeting feeling a little bit vulnerable, because you’re conscious that you’re coming at problems from the perspective of your own industry background, and you’re surrounded by people who are really significant players in their own fields,” he says.

But he also understands that, communicated appropriately, his skills and experiences are transferable – and the more businesses he gets involved with, the more knowledge and perspectives he can bring to the table and back into his own career.

A multifaceted learning experience

Like Jenner, Pete feels the meetings are a mutually supportive forum for everyone to voice their opinions openly “in a psychologically safe way.” He continues:

“It’s an incredible multifaceted learning experience for everyone because you’re looking at problems, challenges and opportunities through multiple lenses. It’s also hugely enjoyable.”

Bhavna observes how well the board at Collins has gelled. “There’s a real chemistry there; it’s like we’ve always worked together,” she says.

Jenner and Jilbruke have felt the benefit. “The board has been even more helpful than I expected,” says Jenner. “We can now deal with problems in different ways. Without their input, we might not have seen new ways of approaching business problems. They’ve given us so much of their time, and genuinely want to help us. It would be hard not to enjoy that.”

Join the cluster today!

Enjoy all the benefits being a member brings and complete the registration form here.

Join the cluster here
For more information on the stc please contact us

01327 856108

Send us a message
Founding Members: