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Scale To Win with Dominic Monkhouse

Monkhouse & Company
Scale To Win with Dominic Monkhouse
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  • Scale To Win with Dominic Monkhouse

    The 80/20 Deal Structure: Why I Never Buy Businesses Outright | E363

    2026/03/26 | 40 mins.
    Council estate South London to 30 mergers and acquisitions. No capital, no plan, but always knew wealth was what he wanted. Lee Smith went from DJ to jewellers to law firms to web design and IT—then discovered mergers and acquisitions in 2014 and everything changed. Now he's building two sector groups to £10M in profit, buying businesses at 3-4x multiples and exiting at 7-10x, and he's got some contrarian views that'll make you rethink everything about UK business ownership.
    In this episode, Lee reveals why buying 100% of a business is almost always the worst deal structure, why you don't need to understand what a business does to own it successfully, and why by the end of this decade the most valuable asset in Britain will be an SME producing profits. He shares his ethical partnership structure that keeps founders and directors aligned, explains how he bought an HVAC company he barely understands and grew it while only being there one day per week, and why he thinks the UK government is waging war on business owners—making it harder to employ people, easier for rogue employees to sue, and creating a clear choice by 2030: own a business with options and spare cash, or be an employee struggling more than ever.

    What you'll learn:

    🏢 Why you don't need to understand a business to own it (just need right people in right seats)

    💰 How to structure deals that keep founders and key directors aligned (20% founder retention + director equity)

    📊 What to look for when buying: £2M+ revenue, second-tier management in place, profitability doesn't matter

    🎯 The buy-build-sell playbook: buy at 3-4x EBITDA, build to £10M+ profit, exit at 7-10x

    ⚠️ Why the UK government is anti-business (more taxes, more regulation, easier to sue companies)

    Book recommendations:

    Who? - Geoff Smart & Randy Street - https://www.amazon.co.uk/Who-Method-Hiring-Geoff-Smart/dp/0345504194

    Think and Grow Rich - Napoleon Hill - https://www.amazon.co.uk/Think-Grow-Rich-Napoleon-Hill/dp/9388423526

    Die with Zero - Bill Perkins - https://www.amazon.co.uk/Die-Zero-Getting-Your-Money/dp/0358099765

    The Fourth Turning - William Strauss & Neil Howe - https://www.amazon.co.uk/Fourth-Turning-American-Prophecy-Rendezvous/dp/0767900464

    About the Guest:

    Lee Smith grew up on a council estate in South London with no capital behind him and no plan to wealth—but he always knew wealth was something he wanted to achieve. His career path was unconventional: DJ, jewellers, law firms, then starting his own web design and IT company. In 2014, he discovered mergers and acquisitions, which "completely flipped the switch" in his life. He's now completed 30 M&A transactions and is building two separate sector groups (HVAC/construction and renewable energy) to £10M in profit.

    His key message to business owners: the UK government is waging war on individuals through cost-of-living, energy costs, and employment regulations. By 2030, there will be a clear choice—either own a business and have options and spare cash, or be an employee struggling even more than now. His ideal scenario: buy more businesses, make all employees shareholders through EMI schemes, so when they exit, everyone gets a payday that gets them onto the wealth ladder.

    Connect with Lee Smith - https://www.linkedin.com/in/leeantonysmith/

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    https://linkedin.com/in/dominicmonkhouse

    Chapters:

    00:00 Introduction
    02:03 Views on UK government's impact on business
    06:58 Why Lee chose to buy into HVAC sector
    08:44 Structuring deals with existing management in mind
    12:28 Challenges small businesses face in scaling and compliance
    14:36 Critique of UK government’s business policies
    20:02 Advice for first-time business buyers
    25:11 Offering employee share schemes to improve engagement
    31:27 Reflection on challenges like contracting with tier one customers
    35:27 Recommended books that influenced Lee’s outlook
    37:46 The Fourth Turning's impact on Lee's family planning
  • Scale To Win with Dominic Monkhouse

    Think Big, Get Big: The Goal-Setting Strategy That Changes Everything | E362

    2026/03/12 | 48 mins.
    Work-life balance is a complete myth for founders and CEOs. The experience myth keeps people pigeonholed. Goals should force your identity change, not the other way around. Eric Partaker—McKinsey consultant turned Skype early team member turned restaurant chain founder turned CEO coach with 1.2M LinkedIn followers—breaks down why everything you've been told about building a successful career and company is backwards.
    In this episode, Eric shares why he went from world's worst procrastinator (bought books in 2000, didn't read them until 2010) to super producer, why he lost everything when his restaurant chain went up in smoke during COVID, and why that experience made him a better coach. He also unpacks the cultural differences between US optimism, UK scepticism, and Norwegian Janteloven (the law that says "you shall not think you are anything"), and why the Vikings' entrepreneurial spirit somehow disappeared from modern Norway.
    What you'll learn:

    ⚖️ Why work-life balance is a myth—it's really about work-life satisfaction

    🎯 Why going for 10X goals forces identity change (not choosing identity first)

    🌍 How cultural attitudes toward ambition differ: US vs UK vs Norway

    📈 Why 10X is easier than 10%—and how it fundamentally changes thinking

    🏅 Why we don't question Olympic athletes chasing gold medals but judge business people

    💼 Why star performers deliver 800% more output than average in complex roles

    Book recommendations:

    The Now Habit - Neil Fiore - https://www.amazon.co.uk/Now-Habit-Overcoming-Procrastination-Guilt-Free/dp/1585425524

    The Five Dysfunctions of a Team - Patrick Lencioni - https://www.amazon.co.uk/Five-Dysfunctions-Team-Leadership-Lencioni/dp/0787960756

    Built to Last - Jim Collins & Jerry Porras - https://www.amazon.co.uk/Built-Last-Successful-Visionary-Essentials/dp/0060516402

    About the Guest:

    Eric Partaker is a CEO coach, mentor, and peak performance expert who built a 1.2M+ following on LinkedIn over the last couple of years despite being 50 years old and "not a social media person" three years ago. His career has been a chain of massive pivots: started as a consultant at McKinsey, joined the early team at Skype (back when people actually used Skype before Riverside), helped with the blitz-scaling that led to a $2-3 billion exit to eBay about 21 years ago, then did a complete pivot to build a Mexican restaurant chain called Chilango.

    He went from being the world's worst procrastinator (so bad he bought books on overcoming procrastination in 2000 and didn't read them until 2010) to a super producer after reading The Now Habit by Neil Fiore. He credits Five Dysfunctions of a Team for helping him optimise leadership teams (particularly around avoidance of conflict and artificial harmony) and Built to Last for optimising company performance. His current mission: helping founders and CEOs stop pursuing the myth of balance, go for 10X goals that force identity change, and just have the courage to do whatever that critical thing is they're avoiding right now.

    --------

    Sign up to receive our weekly Scale To Win newsletter:

    https://subscribe.monkhouseandcompany.com

    Follow Dominic on LinkedIn:

    https://linkedin.com/in/dominicmonkhouse

    Chapters:

    00:00 Introduction
    01:00 Eric's diverse career journey and background
    06:02 10x goals and their impact on mindset
    09:45 Cultural influences on ambition and success
    12:35 Work-life balance vs. work-life satisfaction
    18:01 Fascination with achievement and peak performance
    22:38 Transition from McKinsey to creating a restaurant chain
    28:03 Reflecting on debt and expansion mistakes
    33:30 Building leadership teams and hiring strategies
    38:43 Importance of reallocating resources and hiring stars
    40:42 Understanding and addressing business constraints
    42:28 Books that transformed Eric's personal and professional growth
  • Scale To Win with Dominic Monkhouse

    Why Hiring for Skills Is Dead (Look for This Instead) | Alex Cooper | E361

    2026/02/26 | 45 mins.
    Formal education is becoming irrelevant. The UK is a great place to build a business. These aren't platitudes—they're battle-tested beliefs from someone who spent 20 years in the military, led the UK's COVID testing programme, and is now co-founding Electric Twin with Ben Warner (the PM's former chief data advisor) to build synthetic audiences that let businesses test decisions in seconds rather than weeks.
    In this episode, Alex Cooper breaks down why the most memorable periods of your life will be the ones where you had zero balance, why you should hire polymaths with agility and hunger rather than certificates in AI, and how his company uses generative AI to simulate human decision-making with startling accuracy. He also shares lessons from scaling from 0 to 17 people, why founder-led sales matters even when you've never done it before, and why he'd rather die at 93 still working every day than retire to garden.
    What you'll learn:
    🎓 Why formal education and skills-based qualifications are becoming increasingly irrelevant
    🇬🇧 Why London is an underrated place to build a tech business (despite the moaning)
    ⚖️ Why balance is bullshit—and why your deathbed memories will be from the unbalanced times
    🤖 How synthetic audiences let you test business decisions in seconds with real-world accuracy
    🚀 Why the OODA loop (Observe, Orientate, Decide, Act) gives decisive competitive advantage
    💼 Why founder-led sales is essential even when you've never done sales before
    Book recommendations:
    The Box - Marc Levinson - https://www.amazon.co.uk/Box-Shipping-Container-Smaller-Economy/dp/0691170819

    My War Gone By, I Miss It So - Anthony Lloyd - https://www.amazon.co.uk/War-Gone-Miss-Anthony-Loyd/dp/0140298541

    Bad Blood - John Carreyrou - https://www.amazon.co.uk/Bad-Blood-Secrets-Silicon-Startup/dp/1509868054

    About the Guest:

    It was during COVID that Alex met his co-founder Ben Warner, who was the Prime Minister's chief advisor for data and digital. They became friends, and a couple of years after the pandemic, Ben suggested they set up a business together. At the time, Ben had been experimenting with early AI models to try to simulate human decision-making, but the models weren't good enough. With the advent of generative AI, it became possible—and Electric Twin was born. The company combines high-quality seed data, builds out synthetic populations of agents, and uses complex processes powered by commercial LLMs (they don't have their own model) to generate results that match real-world responses. They've run 40,000 evaluations to date.

    Electric Twin now has 17 people and works primarily with enterprise clients like News UK (The Times), helping them make decisions about everything from podcast positioning to content strategy to product launches—all in seconds rather than the weeks traditional market research would take. They brought in a head of sales from MongoDB last year who implemented the MEDIC framework with discipline, focusing on setting up long-term relationships rather than rushing to close deals. The company has raised funding, is targeting the US market, and Alex is adamant about maintaining talent density as they scale from 17 to 50 people through what he calls "quite a difficult phase."
    Alex is unapologetically elitist—he loves being around super smart people who are the best at their job, which is all he's known for 20 years. He's nearly 50, has no retirement plans, and would rather be like his mentor who came into the House of Lords every day at 93 because "otherwise my brain would rot." He reads voraciously and eclectically (five books on piracy while surfing in Mexico, four books on shipping containers), spends weekends in South Wales mending fences and making cider to physically dislocate from the AI world, and firmly believes the periods of his life he'll remember on his deathbed are the ones where he had no balance whatsoever.

    Sign up to receive our weekly Scale To Win newsletter:
    https://subscribe.monkhouseandcompany.com

    Follow Dominic on LinkedIn:
    https://linkedin.com/in/dominicmonkhouse

    Chapters:
    00:00 Introduction
    01:00 Formal education vs lifelong learning in the AI era
    04:02 Why balance is overrated and intense focus matters
    09:00 From army officer to founder of an AI startup
    13:54 Building human behaviour simulations with synthetic audiences
    17:17 How generative AI powers accurate real-time decision testing
    21:12 COVID, consumer behaviour, and why experts often get it wrong
    28:08 Why London is still a top place to start a business
    33:18 Lessons from 20 years in the military
    37:28 Scaling culture from 17 to 50 employees
    42:15 Learning B2B sales and the power of founder-led GTM
    47:58 Charisma, fraud, and lessons from Bad Blood and Theranos
  • Scale To Win with Dominic Monkhouse

    Founder Bottlenecks, Leadership Lessons, & Scaling Without Chaos | E360

    2026/02/10 | 45 mins.
    Market research used to take four weeks and cost $20,000. Steve Phillips built Zappi to turn that into four hours and $2,000—and he started 12 years ago, long before generative AI made this vision sound obvious. Now, with nearly 300 people and $80 million in revenue, he's challenging his organisation to double revenues in five years without adding headcount by pairing every employee with an AI agent to handle the annoying, time-consuming work.
    In this episode, Steve breaks down why entrepreneurs can actually be lazy (in the right way), why you should never hire yourself, why innovation is a mindset rather than an age, and how going from 40 to 140 people in six months was utterly disastrous but created an amazing culture that propelled the business for years. He also shares why he stepped aside as CEO, how he maintains his role as Chief Innovation Officer, and why the future is already here—we're just not utilising AI to do amazing things in business yet.
    What you'll learn:
    💡 Why entrepreneurs can be lazy—and why doing "work" might be the wrong thing
    🚫 Why you should hire for your weaknesses, not people who are just like you
    🧠 Why innovation is a mindset at 56, not just for 23-year-olds in garages
    🤖 How to pair every employee with an AI agent to automate administrative tasks
    📈 Why going from 40 to 140 people in six months crashed productivity for a year
    ⚙️ How to challenge your organisation to double revenue without increasing headcount

    Podcast recommendations:

    A16Z (Andreessen Horowitz) - https://a16z.com/podcasts/

    Hard Fork - New York Times / Platformer - https://www.nytimes.com/column/hard-fork

    All In Podcast - https://www.allinpodcast.co/

    About the Guest:
    Steve Phillips is the founder and Chief Innovation Officer (and Chair) at Zappi, a consumer insights platform he started 12 years ago with the founding ambition of turning market research projects that took four weeks and cost $20,000 into four hours and $2,000. Zappi was AI-first from the beginning—using old-fashioned "if that, then this" automation to speed up and democratize consumer insights long before generative AI became mainstream. After merging with a South African technology company early on, Steve scaled Zappi to nearly 300 people and approximately $80 million in revenue, still growing at around 15% annually with growth rates now increasing as they focus more on AI deliverables.

    The company has raised multiple rounds, brought in a PE firm about three years ago to mostly replace VCs, and subsequently added new senior leaders with different skill sets (like an MIT MBA CEO who thinks very differently than Steve). Zappi had one genuine pivot—moving from automating work for other research companies to building their own IP and data asset. Now they're using AI agents internally for everything from writing quarterly business reviews to creating client proposals, and externally helping clients use their data to generate new product ideas and advertising campaigns. Steve's challenge to the organisation: double revenues in five years without increasing headcount by pairing every employee with an AI agent to eliminate time-consuming administrative tasks.

    Sign up to receive our weekly Scale To Win newsletter:
    https://subscribe.monkhouseandcompany.com

    Follow Dominic on LinkedIn:
    https://linkedin.com/in/dominicmonkhouse
  • Scale To Win with Dominic Monkhouse

    Why Leadership Teams Fail To Change (And How To Fix It) | E359

    2026/01/30 | 58 mins.
    Companies claim they're too busy for AI, and leadership teams are bloated and ineffective. The UK's productivity crisis won't be solved by working harder. These aren't controversial opinions, they're the reality Gerry Tombs is seeing as he helps businesses navigate the AI transformation after scaling ClearVision from a garage startup to £7 million in revenue and 100 people before a successful exit three years ago.
    In this episode, Gerry breaks down why AI will expose leaders who aren't pulling their weight, why managers will soon oversee hybrid teams of humans and AI agents, and how the millennial generation (29-44) is perfectly positioned to lead in the AI era. He also shares the brutal lessons from scaling ClearVision over 25 years—from staying in hiring too long, to ring-fencing innovation teams, to building enough trust that his leadership team could hold each other accountable rather than relying on him to fire underperformers. And yes, he hit number one in the Sunday Times 100 Best Companies to Work For—but missed the ceremony due to a migraine.
    What you'll learn:

    🤖 Why companies claiming they're "too busy for AI" are actually just terrified
    ⚡ How AI agents will work alongside humans in hybrid teams within two years
    🎯 Why 50% of senior people could do more with AI—and why the rest will be exposed
    📊 The delegate-to-elevate framework: giving AI the work you hate so you can do what matters
    👥 Why leadership teams of 6-7 (including the CEO) are optimal for decision-making
    🏆 How Tour of Duty hiring creates adult conversations and eliminates surprise resignations

    Book recommendations:
    The Five Dysfunctions of a Team - Patrick Lencioni - https://www.amazon.co.uk/Five-Dysfunctions-Team-Leadership-Lencioni/dp/0787960756

    Raving Fans - Ken Blanchard & Sheldon Bowles - https://www.amazon.co.uk/Raving-Fans-Revolutionary-Approach-Customer/dp/0006530958

    Coaching for Performance - John Whitmore - https://www.amazon.co.uk/Coaching-Performance-Principles-Leadership-UPDATED/dp/1473658128

    Breath - James Nestor - https://www.amazon.co.uk/Breath-New-Science-Lost-Art/dp/0241289130

    Drive - Daniel H. Pink - https://www.amazon.co.uk/Drive-Surprising-Truth-About-Motivates/dp/184767769X

    Rocket Fuel - Gino Wickman & Mark C. Winters - https://www.amazon.co.uk/Rocket-Fuel-Visionary-Integrator-Relationship/dp/1941631622

    Flourish - Martin Seligman - https://www.amazon.co.uk/Flourish-Visionary-Understanding-Happiness-Well-being/dp/1857885511

    The Alliance - Reid Hoffman, Ben Casnocha, Chris Yeh - https://www.amazon.co.uk/Alliance-Managing-Talent-Networked-Age/dp/1625275773

    Sign up to receive our weekly Scale To Win newsletter:
    https://subscribe.monkhouseandcompany.com

    Follow Dominic on LinkedIn:
    https://linkedin.com/in/dominicmonkhouse

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About Scale To Win with Dominic Monkhouse

Wide awake at 3am, wondering how your business turned from a 15-person rocket into an 80-person rollercoaster? Hit play. This show is for founder CEOs who want practical wins, not platitudes. Every fortnight, Dominic Monkhouse - who scaled two UK tech firms to £30m+ in five years (twice) - grills people who’ve actually done it: operators, battle-scarred founders, and experts who cut through noise. You’ll learn techniques that stop fires, speed up decisions, and give you time back. What you’ll get: field-tested methods that will all contribute to one of three vital goals – freeing up your time, building a leadership team that can lead without you, and installing systems that you can be sure will work. No recycled LinkedIn fluff. No crappy ‘inspiration’. Just clear actions you can run this week. Why listen now? Because growth shouldn’t mean chaos. Twelve of Dom’s clients have exited. His 2-Day-a-Week CEO Blueprint shows leaders how to make sure they spend their time doing things that ONLY they can do - not covering tasks that could be done by others. He coaches scale-ups, writes books people actually read, and asks the questions you wish investors would. If you’re stuck between “we’re onto something” and “this might kill me,” this is your edge: honest stories, hard numbers, and repeatable systems to build a business you’re proud of - without losing yourself along the way. Grab a notebook, and hit follow so the next time you’re staring at the ceiling at stupid o’clock, you’ve got a plan - and a playbook - waiting in your ears.
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