Karl Pallister

Strategist, Finance Pundit.

I’m very passionate about business as a series of processes. Time and again I see people struggling and constantly reinventing the wheel when it comes to business processes. 

I like to think about a process just once, get it set up, so it smoothly flows from the previous one and into the next one, make sure it works, then delegate it to someone else.

R&D and Product Development is a simple set of business processes.  There are some people who say there is a bit of black art about Product Development – that’s because they haven’t taken the time to define a proper process. Consequently, they suffer delays, extra costs and rework, which then feeds the belief that it can’t run as a process. I say – set up the process right in the first place, and a lot of the rework isn’t necessary.

I look after the finances. Vitally important that someone makes sure there is money for ongoing operations and investments are made in new equipment and new staff to enable growth. With the strategic growth targets in place, we need to do all we can to invest sensibly, ensuring we grow as fast as possible, while making some money along the way and not running out of cash in the meantime. I do a few other things as well along the way to help keep the ship afloat – I help to develop the systems and processes. I make some sales calls. Whatever needs to be done when it needs to be done and there’s no-one else to do it.

Having worked in a multitude of industries in the past, I have a diverse experience – and it’s amazing how roles with the same job title can change so much in different industries. I’ve covered automotive, chemicals, construction, engineering and printing in previous lives, and have gathered up a lot of methods that fit together. Finance is relatively simple, and the same basic principles pervade through all industries, although construction has more quirks than most.