Scale To Win with Dominic Monkhouse

For a hundred years, the average business was a profitable business. Alex MH Smith's view? That's changing, and average businesses are now starting to fail.
Alex, of Basic Arts, wrote No Bullshit Strategy, for people who have to do strategy day to day and have zero interest in getting an MBA.
He came to it by accident. Working at a small experiential marketing agency, he got hooked on companies that did no paid advertising at all, like Lush, Monster and Tesla, and built what he thought was a completely original theory about them. Then he realised he'd reverse engineered classic textbook strategy. Now he helps businesses work out how to win in a market more crowded than at any point in human history. And the MH? Not pretension.
We get into why Dom is the first person ever to throw survivor bias at him the right way round, why the "find your ICP and solve their problem" advice all over your feed only works for one of four kinds of business, why Alex reckons Dom would still bin a cold email offering the exact fix to his exact problem, and the 2 words Alex says your plan has to earn before it's good enough.

This episode's in partnership with CEOfriend.
Its CFO advisor reads your P&L and your forecast, runs the scenarios and shows you where the cash gap is. Find yours. Free with out code STWTRIAL.

Steve Sharp has bought 45 accountancy firms in 17 years. His view? The day the deal completes, you're 10% of the way there.
Steve is founder and CEO of Nuvo, the fastest growing firm in the UK accountancy top 100.
£35m revenue, just over 400 people, 149% growth in a single year. It took him 20 years to get to £5m.
It took 3 more to get to £35m.
We get into why buying a business is the easy bit, why he's never made a redundancy in 22 years despite 45 acquisitions, what happened when he moved 100 people onto a four-day week, and the day he went from the biggest fee earner in the business to its biggest overhead.
If your growth plan is "buy a few more of them", watch this before you sign anything.
This episode's in partnership with CEOfriend. Its CFO advisor reads your P&L and your forecast, runs the scenarios and shows you where the cash gap is while you can still close it. First month free with code STWTRIAL:

In this episode, James shares his challenging beliefs about sales (selling is service, not commission-driven), hiring (fire high performers who are dickheads), business problems (everything is connected—you might think you have a sales problem when it's really a marketing problem), and alignment (you've got to be aligned with your significant other first, or you can't build the life you want). He also reveals his journey from being an "accidental diminisher" of his team to understanding that his need for significance was making him the bottleneck, uses his grandmother's fruitcake recipe as a metaphor for why business owners don't delegate, explains the difference between paying for performance (waiters and tips—doesn't work) vs paying good salary (the restaurant owner who tips upfront gets great service), and shares why Mark Garwood's 10-year journey to a £5M contract that doubled to £10M annually proves that sales without commission works.

What you'll learn:

💼 Selling is in the service of others (be willing to say "don't buy from us")

💰 Don't pay sales commission (85% of salespeople don't hit quota anyway—data shows it doesn't work)

🔥 Sack the dickheads, even high performers (they'll poison your culture regardless of numbers)

📊 Everything in business is connected (sales problem might be a marketing or business development problem)

🧠 The accidental diminisher (you're scoring highly on all six ways to diminish your team)

👵 Your grandmother's fruitcake (why business owners won't delegate—need for significance)

🎯 Set the standards, inspect what you expect (granular playbooks + inspection processes)

📞 Mark Garwood's 10-year deal (best salesman he knows, took decade to land £5M contract, doubled to £10M in 2 years)

Book recommendations:

Multipliers (Accidental Diminishers) - Liz Wiseman - https://www.amazon.co.uk/Multipliers-Best-Leaders-People-Think/dp/0061766879

The Alchemist - Paulo Coelho - https://www.amazon.co.uk/Alchemist-Paulo-Coelho/dp/0062390007

The Four Agreements - Miguel Ruiz - https://www.amazon.co.uk/Four-Agreements-Practical-Guide-Personal-Freedom/dp/1878424319

James Ashford is an entrepreneur, consultant, and speaker who failed many times before building a software business that ran without him and sold to Sage for an eight-figure exit within five years of starting. His "Go Proposal" software was designed to solve a specific problem he saw in sales: the proposal sitting in the client's inbox, disappearing, never being reviewed. He built it so proposals could be created, accepted, and paid for during the meeting itself. That business took him through a rigorous exit process and gave him the clarity he needed to step back from being the constant rescuer and bottleneck in his own business.

Now he works with business owners and consults on the psychological and operational foundations of sustainable businesses. He's most known for his contrarian beliefs about commission, culture, and what actually drives business growth—which is rarely what people think.

Business leaders need the greatest awareness of themselves. Your belief system shapes everything. The psychology underneath is what actually drives business success, not the tactics or strategies.

Connect with James Ashford - https://www.linkedin.com/in/jamesashford/

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Chapters:

00:00 Intro
01:14 James Ashford introduces his entrepreneurial journey
02:38 Importance of firing disruptive high performers
04:11 Alignment with significant other crucial for peace
07:54 Balancing love for business with family expectations
10:58 Cultural norms and their influence on business
13:45 Overcoming limiting beliefs in scaling a business
19:10 Questioning the effectiveness of sales commissions
21:09 Rethinking sales strategies and customer trust
25:18 Avoiding accidental diminishment of the team
32:28 Importance of radical truthfulness in high-performance teams
37:45 Building trust through honesty and psychological safety
41:51 Handling resistance to change and truthfulness in business
44:28 Recommendations on business books and personal development