Explore more insights

Building confidence with knowledge and practice

Our Head of Education explores the learning process. Whether it's funding or flying a plane, we go through the same stages. 

Phil Hobden Oct 06, 2020

Imagine this: You sit down on a plane, the captain comes on the tannoy and says “Morning… sorry evening everyone. I didn't get a great night's sleep last night so I hope today will be fine as we fly to Spain… sorry Australia”.

It’s an extreme example but how would you feel? Probably heading to the exit right? Yeah me too! Especially as I’m a nervous flyer! When I get on a plane I want the pilot to sound positive, knowledgeable and, most of all, confident.  

It is, after all, that confidence that lets me know that I’m in safe hands, whatever may happen, for however long that flight is.  

Now put yourself into the mind of your client looking to grow their business. Who would they rather deal with - someone who has an understanding of the wider funding market and how it can be used to support them better or a call centre with a computer and a series of random questions. Pretty easy choice isn't it! 

 

Practice, practice, practice

So how do pilots GET confident? Well confidence is a state of mind. But that state of mind comes from something far more tangible - a combination of both knowledge and practice. And this underpins exactly how we build our education here at Capitalise - from live sessions and one to ones with our Partnerships team to online education that supports you throughout the service roll out and to your first funding search and beyond.    

Going back to our pilot - it takes them just 3 months to become qualified and earn their private pilot license. Around 60 hours of flight time. But to become a commercial airline pilot, it would take years to gain the required 1,500 hours flight time. And even then they are unlikely to be put in charge of a brand spanking new Boeing 787. They will serve time as a co-pilot until assessed to be fully ready (competent in pilot speak). 1,500 hours. Practising every possible outcome, good and, um, otherwise. 

And, as you can imagine, training day 1 wasn’t about stall turns, landings and tower flybys.  Nope day 1, 2, and probably a few more, starts in a room with books, flip charts and marker pens. It starts with the theory. Similarly, Learn will allow you and your team to build on the knowledge that you already have around funding and develop it even further so you can support your clients whatever they need.  

Back to our pilot. Reading the books & manuals, talking, discussing, planning and then practising. The first time up you probably don't do that much. Maybe a few small turns. The first time you touch the controls that surge of adrenaline, excitement and probably nerves.  There won't be much confidence. And for sure even if there was just trying landing on that first day. Watch that confidence fall away pretty quick. But in just 3 months you will be piloting a plane by yourself. Seems pretty quick. But that 3 months is 60 hours of flight time. Probably 60+ hours of classroom time, homework and more.

So how did your pilot get confident? Knowledge. Practice. Making mistakes (on the ground hopefully) and solving the challenges as they arise, calmly and considered.  

 

Up, up and away

Believe it or not almost everything you do will start the same way - driving a car, using a new bit of technology, or even launching a new service line within your practice. Which is why Capitalise put education at the heart of your journey. We know that if we can educate you, support you and ‘be your co-pilot’ on those first few searches pretty soon you will get confident and be helping your clients with all their capital advisory needs. 

 

If you want to know more about our Learn programme that supports accounting firms in their rollout of funding as a service, book in a consultation and we'll be happy to talk you through the service. 

 

 
finance
profitability
help
alternative finance
invoice finance
fintech
news
accountant
case study
trade finance
contract finance
working capital
startup loans
refinancing
fashion finance
merchant cash advance
future accountant
product of the month
women in funding
partner of the month
business tips
accountants
accounting
product
forecasting
live session
accountex
2019
capitalise
funding
monitor
ai
international women's day
covid19 coronavirus
corporate finance
accounting firm
m&a
asset finance
hire purchase
businesses
credit score
rls
business funding
business credit score
south africa
business
adviser
small business
business loan
property finance
commercial mortgage
credit imporvement
spring budget 2023
small businesses
spring budget
ccj
inflation
commercial mortgages
trade debtors
cash flow
truck finance
late payments
lorry finance
manufacturing
building a financial safety net
healthcare
trade debtor days
overdraft
bridging loan
credit checks
interest rates
overtrading
templates
balance sheet
construction
bad debt
company credit checks
debt collection
credit control
check company credit
business loans
instant offer
credit scores
credit review service
economy
company credit check
commercial property
revolving credit facility
Follow Us
Sign Up to Receive Updates

Signup to our newsletter

Have insights about the accounting community sent straight to your inbox. Sign up to our newsletter.