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No Plan B: What Founders Can Teach Us About Commitment

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​There is a phone call that Julie Waddell describes, and we keep coming back to it.

She is in the park with her children. Her mobile rings. It is the Waitrose buyer. The listing is confirmed. Moorish Foods, a smoked hummus brand she invented in her kitchen to get a fussy toddler to eat something healthy, is going national.

At this point, she has no factory capable of volume production, no BRC-accredited smokery, no shelf-life testing, no packaging at retail scale. She has a product, a recipe, and roughly six months to figure out the rest.

She figures out the rest.

The thing about having no plan B

Most professional advice, sensible, well-intentioned advice, is structured around risk mitigation. Have a contingency. Know your exit route. Do not commit more than you can afford to lose.

Julie ran Moorish for 12 years on a different operating principle. There was no plan B. Not as an oversight, but as a choice. The mortgage was on the line. She was the main breadwinner. The business had no contracts with retailers, only last week's sales figures, and everything the family owed was exposed to the risk of those numbers going wrong.

She is not recommending this as a model. She is simply describing what it was.

"It was high risk, high reward. Things went wrong all the time. You have no other choice but to keep going."

What strikes us about that statement is the last part. You have no other choice. It sounds like a trap. But the way Julie describes it, the absence of an alternative was clarifying rather than crushing. There was one direction, and it was forward. That simplicity, however uncomfortable, removes a great deal of the energy drain that comes with constantly re-evaluating whether you should still be doing what you are doing.

How it started

The origin story of Moorish is worth telling because it illustrates something important about how founder businesses actually begin. It was not a market gap identified through analysis. It was a smoked duck recipe from James Martin, a very fussy child, and a wok full of tea leaves, rice and sugar.

Julie smoked some chickpeas, made hummus, and the kid ate it. Then friends ate it. Then she took it to a local deli in Birmingham and ran a blind taste test against Sainsbury's own label, with white bowls and printed questionnaires, and came out four to one.

That ratio, four to one preferred over the category leader, became the statistic she used in buyer meetings for years. It was her one piece of hard evidence in the early days, and she milked it with complete justification.

From there: a factory floor in the Midlands where she stood with a large second-hand blender. A butcher who agreed, once a week, not to smoke bacon and to smoke chickpeas instead. A cool box in the back of the car. Six delis. Then Waitrose.

April to October, 2012. Invented in the kitchen. National launch in Waitrose. No plan B.

What this has to do with the rest of us

Most of the people reading this are not going to launch a food brand from a kitchen. That is not the point.

The point is the quality of commitment that underpins what Julie built, and what it demands from the people around her. When we talk about founder-led businesses at bpe search, we talk a great deal about fit, about the right senior hire for the right founder at the right moment. The conversation served as a reminder that fit begins with understanding the level of commitment you are actually walking into.

A founder who has bet the house, literally, on a business does not experience setbacks the way a salaried executive does. They cannot afford to. That is not a criticism of corporate professionals, it is simply a different relationship with consequence. And the people who thrive alongside founders tend to be the ones who can match, or at least genuinely respect, that quality of resolve.

Julie describes the entrepreneurs she has met who have something that just will not stop. She also describes clearly when she does not see it. "When I am advising other companies,"she says, "if there are certain things you do not see, it is just not going to work."

"You need that burning drive. Otherwise it will fall over. It will just be too difficult."

That is not a soft quality to assess. It is not visible on a CV or straightforwardly testable in an interview. It requires a different kind of conversation, one that gets to how a person has actually responded when things have gone badly wrong, not how they describe their resilience in the abstract.

The serendipity question

Julie uses the word serendipity often. It is one of her favourite words, alongside opportunity. The mentor she found in a magazine article. The Waitrose buyer who took a chance on an unknown brand. The category director at Sainsbury's who was leaving just as she needed him most.

None of those things happened by accident. They happened because Julie was the kind of person who reads an article about a successful businesswoman offering mentorship and thinks, I am going to write to her. Not maybe someone will, or that opportunity is probably already taken. She wrote the letter.

The serendipity is real. But it lands for people who are already moving. The luck finds you because you have put yourself in the position to be found.

That is probably the most transferable lesson from 12 years of building Moorish. Not the logistics of hummus manufacture or the mechanics of a retail listing. The posture. Facing forward, moving towards things, and refusing to treat an absence of precedent as a reason not to try.

This is the first in a series of posts from bpe search drawing on a recent event featuring Julie Waddell, founder of Moorish Foods. Subsequent posts explore the senior hiring decisions that shaped the business, what it is really like to join a founder, and what the final stretch to exit actually looks like.

Executive Insights

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The Profitability Pivot: How CFOs and CMOs are Driving Value in a Shifting Economic Landscape

The Profitability Pivot: How CFOs and CMOs are Driving Value in a Shifting Economic Landscape

​The economic landscape has fundamentally changed, and senior leadership teams are responding with a decisive strategic shift. Gone are the days when growth at all costs was the predominant strategy. Today's CFOs and CMOs are leading what we're calling the "profitability pivot" – a strategic realignment that prioritises capital efficiency and sustainable value creation over pure top-line expansion. At bpe search, we're witnessing this transformation first hand through our work with senior leadership teams across various sectors. The executives who are thriving in this environment aren't just adapting to change – they're driving it. The Economic Shift: A New RealityThe broader economic environment has created a perfect storm that's forcing organisations to fundamentally rethink their approach to growth and profitability. Central bank policies, including actions by The Fed, have created conditions where cheap capital is no longer readily available, and businesses must demonstrate genuine value creation rather than simply scaling for scale's sake. This shift represents more than a temporary market adjustment – it's a structural change that's redefining what successful leadership looks like. The pressure is particularly acute for organisations that previously relied on external funding to fuel aggressive expansion strategies. In this new landscape, the most successful companies are those that can maintain growth whilst simultaneously improving their financial fundamentals. This requires a level of strategic sophistication and operational excellence that many organisations are still developing.CFOs: The Strategic Value ArchitectsModern CFOs are no longer just financial gatekeepers – they've evolved into strategic value architects who are central to organisational success. These leaders are driving the profitability pivot by:Redefining Financial Metrics Today's CFOs are laser-focused on metrics that truly matter in the current environment. EBITDA optimisation has become a critical priority, with CFOs implementing sophisticated approaches to enhance profitability without compromising growth potential.Capital Allocation ExcellenceWith capital being more expensive and harder to access, CFOs are becoming increasingly strategic about resource allocation. They're identifying the highest-value opportunities and ensuring that every investment decision contributes meaningfully to long-term value creation.Operational Integration The most effective CFOs are working closely with operational teams to identify efficiency opportunities and cost optimisation strategies that don't compromise quality or customer experience. They're bringing financial discipline to every aspect of the business.Risk ManagementIn an uncertain economic environment, CFOs are playing a crucial role in building organisational resilience through sophisticated risk management strategies and scenario planning.CMOs: Driving Revenue EfficiencyCMOs are equally central to the profitability pivot, but their role has evolved significantly. Modern CMOs are focused on:Revenue Quality Over Quantity Rather than chasing vanity metrics, today's CMOs are obsessed with revenue quality. They're implementing strategies that ensure marketing investments directly contribute to bottom-line performance.Pricing Strategy LeadershipPricing control has become a critical competency for CMOs. They're working closely with finance teams to develop pricing strategies that maximise profitability whilst maintaining market competitiveness.Customer Lifetime Value Optimisation CMOs are increasingly focused on metrics that demonstrate long-term value rather than short-term acquisition numbers. This includes sophisticated approaches to customer retention and value maximisation.Data-Driven Decision MakingThe most successful CMOs are leveraging advanced analytics to ensure that every marketing pound spent delivers measurable returns. They're building marketing organisations that operate with the same financial discipline as other business functions.The Partnership Dynamic What's particularly interesting is how the profitability pivot is strengthening the partnership between CFOs and CMOs. These roles, which were historically quite separate, are now working in unprecedented collaboration:· Shared Metrics: Both functions are increasingly aligned around profitability metrics rather than operating in isolation · Integrated Planning: Financial and marketing planning are becoming more closely integrated, with both functions contributing to strategic decision-making · Resource Optimisation: CFOs and CMOs are working together to ensure that marketing investments are optimised for both growth and profitabilityThe Skills PremiumThis evolution in leadership requirements is creating a significant premium for executives who possess the right combination of skills. The leaders who are most in demand demonstrate: · Digital Acumen: Deep understanding of digital trends, strategic tech adoption, and commitment to innovation · Financial Acumen: Deep understanding of financial fundamentals and value creation · Strategic Thinking: Ability to balance short-term performance with long-term sustainability · Operational Excellence: Skills in driving efficiency without compromising quality · Collaborative Leadership: Capability to work effectively across functions · Adaptability: Resilience and agility in navigating uncertain environmentsReal-World ImpactThe organisations that are successfully navigating this profitability pivot share several characteristics: They have senior leadership teams that understand the new economic reality and are willing to make difficult decisions to ensure long-term sustainability. Their CFOs and CMOs work as strategic partners rather than in functional silos. They've implemented sophisticated measurement systems that track both growth and profitability metrics. Most importantly, they've recognised that this shift isn't temporary – it represents the new normal for how successful businesses operate.The Future Landscape Looking ahead, we expect the demand for CFOs and CMOs who can drive this profitability pivot to continue intensifying. The organisations that invest in the right leadership talent now will be best positioned to thrive as economic conditions continue to evolve. For executive search, this means being increasingly selective about the leaders we present to clients. The margin for error in senior appointments has never been smaller, and the impact of placing the right CFO or CMO has never been greater.The bpe search Perspective At bpe search, we're working closely with organisations to identify and place the CFOs and CMOs who can drive sustainable value creation in this challenging environment. Our deep understanding of both the financial and marketing leadership landscapes enables us to connect businesses with executives who possess the unique combination of skills required for success.We understand that finding leaders who can balance growth ambitions with profitability requirements isn't just about technical competence – it requires executives who can think strategically, work collaboratively, and perform under pressure. Whether you're seeking a CFO who can architect sustainable value creation or a CMO who can drive profitable growth, we have the expertise and network to identify leaders who can deliver results in the new economic reality.Ready to secure leadership that drives the profitability pivot? The economic landscape has changed permanently, and your leadership team must evolve accordingly. At bpe search, we specialise in identifying CFOs and CMOs who can navigate this new environment whilst delivering exceptional results. Get in touch with bpe search today to discuss how we can help you secure the senior leadership talent that will drive sustainable profitability and long-term value creation.​​

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Navigating the New Era: Why Capital-Efficient Leadership is Key for PE-Backed Growth

Navigating the New Era: Why Capital-Efficient Leadership is Key for PE-Backed Growth

​In today's challenging economic landscape, the rules of the game have fundamentally changed. For private equity-backed organisations, the era of "growth at all costs" is firmly behind us. Instead, we're witnessing a decisive shift towards capital efficiency and sustainable profitability — a transformation that's reshaping the very DNA of leadership requirements across sectors. At bpe search, we're seeing this evolution firsthand through our work with PE-backed businesses and growth-focused organisations. The leaders who thrive in this new environment aren't just different; they're operating with an entirely new playbook. The New Economic ImperativeThe market has spoken, and its message is clear: disciplined financial management now trumps pure top-line growth. This "profitability pivot" represents more than just a temporary adjustment – it's a fundamental recalibration of how successful businesses operate. Several factors are driving this shift: Rising interest rates making capital more expensive Economic uncertainty demanding greater financial resilience Investor pressure for sustainable, profitable growthMarket volatility requiring more robust business models For many organisations, this has meant transitioning from rapid expansion strategies to more measured, efficiency-focused approaches. It's not about growing slower; it's about growing smarter. The Private Equity LensPrivate equity-backed firms face particularly acute pressure in this environment. With investors expecting strong returns within defined timeframes, PE portfolio companies must demonstrate both growth and profitability – often simultaneously. This creates a unique leadership challenge. The executives steering these businesses must understand how to: Create value quickly without compromising long-term sustainability Optimise operations for maximum efficiency Deliver robust returns on investment Navigate the complex balance between aggressive growth targets and disciplined financial performance The stakes are high, and the margin for error is slim. This environment demands leaders who can operate effectively under pressure whilst maintaining strategic clarity. Characteristics of Capital-Efficient Leaders So what sets these leaders apart? Through our extensive work placing executives in PE-backed environments, we've identified several key characteristics: Financial Acumen Capital-efficient leaders possess deep financial literacy. They understand P&L dynamics intimately, can read between the lines of financial statements, and make decisions with a clear view of their impact on profitability and cash flow. Resource Optimisation These executives are masters of doing more with less. They can identify inefficiencies, streamline operations, and ensure that every pound invested delivers measurable returns. Strategic DisciplineRather than chasing every opportunity, capital-efficient leaders demonstrate remarkable strategic discipline. They focus resources on the initiatives most likely to drive sustainable value creation. Team-Building Excellence Perhaps most importantly, these leaders understand that sustainable growth requires robust teams at every level. They invest in building strong mid-level leadership, ensuring that the organisation can scale efficiently without losing operational effectiveness. Adaptability Under PressureThe ability to remain calm and strategic under the intense pressure of PE ownership whilst driving ambitious growth targets is crucial. These leaders thrive in high-stakes environments. Real-World ApplicationOur experience at bpe search demonstrates how these principles play out in practice across various sectors and leadership levels. PE-Backed Growth Success We've had the privilege of assisting in the appointment of C-suite executives for clients like Proper Snacks, where private equity ownership creates unique opportunities for leaders who understand how to drive value creation whilst maintaining operational excellence. These appointments require executives who can navigate the specific dynamics of PE ownership whilst delivering exceptional results. High-Pressure Growth EnvironmentsCompanies such as Gu Desserts exemplify how private equity backing intensifies growth pressure. The leaders we support in these environments must be acutely focused on efficient expansion strategies that deliver both growth and profitability. It's a delicate balance that requires exceptional strategic and operational capabilities.Critical Mid-Level Leadership Our work with clients, including MKM Building Supplies, particularly in senior highlights the growing demand for leaders at every level who can contribute directly to capital-efficient growth. These aren't just operational roles; they're strategic positions that directly impact the bottom line. The Future Landscape As we look ahead, the demand for capital-efficient leaders will only intensify. The organisations that recognise this shift early and invest in the right leadership talent will be best positioned to thrive in this new environment. For private equity firms and their portfolio companies, this means being increasingly selective about leadership appointments and evaluating C-suite talent. The margin for error in executive hiring has never been smaller, and the impact of the right leadership choice has never been greater. The bpe search AdvantageAt bpe search, we specialise in identifying and placing leaders who possess these critical capital-efficiency skills. Our deep understanding of the private equity landscape, combined with our extensive network of exceptional executives, enables us to connect organisations with leaders who can deliver results in this challenging environment. We understand that finding leaders who can balance aggressive growth targets with disciplined financial management isn't just about reviewing CVs – it requires deep insight into leadership styles, strategic thinking, and the ability to perform under pressure. Whether you're a private equity firm looking to strengthen portfolio company leadership or a PE-backed business seeking executives who can drive capital-efficient growth, we have the expertise and network to deliver the leadership talent you need. Ready to find leadership that drives capital-efficient growth?The landscape has changed, and so must your approach to leadership recruitment. At bpe search, we specialise in identifying executives who can deliver exceptional results in today's demanding environment. Get in touch with bpe search today to discuss how we can help you secure the leadership talent that will drive sustainable, profitable growth in the new economic era.

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Building a Diverse Leadership Pipeline: Succession Planning for the Future

Building a Diverse Leadership Pipeline: Succession Planning for the Future

​Succession planning has evolved far beyond its traditional role of ensuring business continuity. Today, it is about constructing a leadership pipeline that reflects the diversity of the workforce and the broader society. In both the UK and the US, organisations are recognising that prioritising diversity, equity, and inclusion (DEI) in succession planning leads to more resilient, innovative, and effective leadership teams.​Why Prioritise Diversity in Succession Planning?A diverse leadership team brings a wide range of perspectives, which enhances decision-making and drives innovation. In the UK, only one in sixteen management positions are held by individuals from Black, Asian, or Minority Ethnic (BAME) backgrounds, despite these groups representing a much larger proportion of the working-age population. Addressing this disparity could boost the UK economy by £24 billion annually. Additionally, companies with gender-diverse leadership outperform financially and attract a broader talent pool, offering a significant competitive advantage in today’s rapidly evolving markets, as documented by McKinsey’s research.​Beyond the financial and innovation benefits, diverse leadership also builds greater trust with employees, customers, and stakeholders. When people see themselves represented at the highest levels, it sends a powerful message about the organisation’s values and commitment to fairness. This, in turn, can enhance employer branding, improve retention, and help organisations better understand the needs of a global and multicultural customer base.​Strategies for Identifying and Developing Diverse TalentTo build a truly diverse leadership pipeline, organisations should:Assess current diversity levels by conducting a workforce analysis to identify gaps and opportunities for greater inclusionSet clear, measurable DEI targets and publicly commit to these goals at the board level, holding leaders accountable for progressIdentify potential leaders early through structured performance reviews, 360-degree feedback, and talent spotting to surface high-potential individuals from all backgroundsImplement inclusive hiring and development practices, such as assembling diverse interview panels, removing unnecessary barriers from job descriptions, and providing equitable feedback in psychologically safe environmentsOffer mentorship and sponsorship programmes, including reverse mentoring, to pair emerging leaders from underrepresented groups with experienced mentorsInvest in ongoing leadership development that emphasises both technical and inclusive leadership skills, ensuring continuous learning opportunities for all​It is also vital to create transparent career pathways and provide access to stretch assignments and cross-functional projects. These opportunities help emerging leaders develop the skills and experiences needed for senior roles, while also signalling that advancement is based on merit and potential rather than background or connections.​Fostering a Culture of InclusionAn inclusive culture must be championed from the top. Senior leaders should actively promote DEI, model inclusive behaviours, and embed DEI competencies into leadership pathways. Regularly publishing diversity data and linking executive compensation to DEI outcomes, as seen at companies like Salesforce and Accenture, drives genuine accountability and progress.​Leaders should also encourage open dialogue about diversity and inclusion, creating forums for feedback and ensuring that all voices are heard. This ongoing engagement helps to identify barriers, surface new ideas, and reinforce the message that inclusion is a shared responsibility.​The Benefits of Diverse LeadershipOrganisations that prioritise diversity in succession planning benefit from:Broader perspectives and reduced blind spots in decision-makingEnhanced employee engagement and moraleImproved ability to serve diverse customer basesStronger financial performance and greater innovation​Diverse leadership teams are also better equipped to anticipate and respond to market shifts, regulatory changes, and emerging risks. This adaptability is increasingly important in a world where change is constant and stakeholder expectations are continually evolving.​Succession planning that embeds diversity and inclusion at every stage of talent development is essential for building future-ready leadership. By ensuring that leadership pipelines are robust, innovative, and reflective of the societies they serve, organisations in the UK, US, and beyond can position themselves for sustained success in an increasingly complex and diverse world.​The journey toward a diverse leadership pipeline requires commitment, transparency, and a willingness to challenge the status quo. By embracing these principles and leveraging best practices from leading organisations, companies can create a culture where all individuals have the opportunity to thrive and contribute to collective success. In an era where talent and innovation are the ultimate differentiators, building a diverse and inclusive leadership team is not just the right thing to do - it is a strategic imperative for long-term growth and competitiveness.

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The Evolving C-Suite: Digital Acumen as a Leadership Imperative

The Evolving C-Suite: Digital Acumen as a Leadership Imperative

​The landscape of executive leadership is undergoing a fundamental transformation as digital technologies become increasingly central to business strategy and operations in both the UK and the US. In this new era, digital acumen is not a supplementary skill but a core requirement for C-suite leaders. The modern executive must blend traditional business expertise with a deep understanding of digital trends, strategic technology adoption, and a relentless commitment to fostering innovation throughout the organisation.​Digital Transformation: From Buzzword to Boardroom ImperativeDigital transformation has evolved from being an IT initiative to a central pillar of business strategy. Research from the Harvard Business Review highlights a significant gap in digital leadership: fewer than 20 percent of companies possess the right mix of digital leadership and management skills necessary to compete effectively in today’s business environment. Alarmingly, over one-third of organisations are classified as “digital laggards,” lacking both digital leadership and management expertise. This issue is particularly pronounced in the UK, where 75 percent of organisations express a lack of confidence in their ability to overcome digital deficiencies.​For today’s C-suite, digital acumen encompasses more than simply being aware of emerging trends. It demands a proactive approach to:Staying informed about new digital technologies and their implications for business modelsRapidly translating technological insights into actionable strategiesBuilding cross-functional partnerships to drive cohesive digital initiatives across the organisation​The Impact of AI on Leadership and Decision-MakingArtificial intelligence (AI) is rapidly becoming integral to business operations. In the UK, four out of five business leaders have used generative AI as a mentor, with a quarter relying on it daily. AI is not only filling mentorship gaps but is also driving operational improvements: 59 percent of leaders report enhanced business operations, and 35 percent have seen tangible growth attributable to AI adoption.​However, this increasing reliance on AI has revealed a significant skills gap. While AI competence is now expected of leaders, 70 percent of UK executives have had no formal training in generative AI, and nearly half lack confidence in their self-taught abilities. This underscores the urgent need for structured digital upskilling at the highest levels of leadership.​Essential Skills for the Digital C-SuiteThe modern C-suite must master a combination of digital and human-centric capabilities to lead effectively in this environment. Key skills include:Digital literacy: A working knowledge of AI, machine learning, data analytics, and other emerging technologiesStrategic agility: The ability to pivot business models and integrate technology into every aspect of operationsEmotional intelligence: The capacity to lead teams through change and uncertainty with empathy and resilienceStakeholder engagement: Balancing financial performance with social impact and sustainability goals​Fostering a Culture of Digital InnovationCultivating a digitally innovative culture requires more than just investment in technology. It involves:Role-modelling digital behaviours at the executive levelCelebrating technology-driven successes and learning from failuresEmpowering “change champions” throughout the organisationProviding ongoing digital skills training and encouraging experimentation​For example, Grant Thornton UK has invested £1 million in data and digital mindset training, equipping employees with the skills needed to approach challenges from a digital-first perspective.The evolving C-suite must lead with digital acumen, seamlessly blending strategic technology adoption with a culture of innovation. As AI and other technologies become increasingly integral to business success, the demand for digital literacy and agile leadership will only intensify across both UK and US markets. The future of executive leadership rests on the ability to adapt, learn, and lead in a world where digital transformation is an ongoing journey rather than a destination.​To remain competitive, organisations must ensure that their leaders are not only digitally literate but also capable of fostering a culture where innovation thrives. This means investing in continuous learning, encouraging cross-functional collaboration, and being willing to experiment with new technologies and business models. The C-suite of the future will be defined by its ability to navigate the complexities of digital transformation, leveraging technology to drive growth, improve efficiency, and create lasting value for all stakeholders.

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