Jen Atkinson is a legend in the travel industry and has grown her business, Travel Seen, to nearly £60m turnover.
She told The Naked Founder podcast that female founders need more self-belief if they want to scale their business.
“One of the reasons that women particularly struggle in the world of scaling a business is investment and that self-belief that they can ask for £10m and get £15m, as opposed to asking for £5m and getting £1m,” she said. “Women tend to struggle with asking in a way that men don’t.”
Atkinson made her name at ITC Travel Group, where she grew turnover from £40m to £90m.
2020 marked Atkinson’s professional and personal ‘annus horribilis’, which saw her split from her husband and take a huge financial hit from Covid.
In this episode of The Naked Founder podcast, she also discusses:
• Going from marketing manager to CEO at ITC Travel
• Having to make 40 redundancies to turn around ITC’s fortunes
• Why so many female founders get divorced
• Becoming a first-time founder at 48
• Why founders should always ask for more investment than they need
• Dealing with imposter syndrome, ADHD and the menopause
This episode is a product of BusinessCloud. It was sponsored by ‘Financielle – The Home of Money for Women’ and produced by Dan Brown of Renowned.
To sponsor the show, email news@businesscloud.co.uk
Chapters
00:00 Introduction: Jen Atkinson & Travel Scene 00:36 What They Don't Tell You About Founding a Business 01:03 Would You Do It All Over Again? 01:33 Founding a Business vs. Running Someone Else's 01:56 Having a Dog Is Like Starting a Business 03:40 Are You Impulsive? The Entrepreneurial Trait 04:15 A Million Reasons Not to Launch — Why She Did It Anyway 05:07 The Idea: A Social-Led Community in Travel 06:42 The USP: Building Travel Scene on Instagram 08:43 From Zero to £20M Turnover: The Buy & Build Model 09:11 Growing Up in Leeds: Mum, Dad & Where It All Came From 10:18 The Mentor Who Changed Everything: Drew Foster at ITC 11:30 Women, Self-Belief & Asking for More Money 12:02 Starting at ITC as Marketing Manager, Becoming CEO 12:24 Making 40 People Redundant as a First-Time CEO 12:42 Making Tough Decisions: It's in Her DNA 13:26 Always Choosing the Hard Option 14:08 Living Without Regrets: Lessons from Dad 15:44 Growing ITC from £40M to £90M — Then COVID Hit 16:24 Losing Millions in COVID & a Marriage Falling Apart 17:51 Why So Many Successful Female Entrepreneurs Are Divorced 19:02 Hiding Under a Stone or Launching a Business? 19:46 Why She Was Unemployable & Had to Go Again 21:16 ADHD as a Superpower 22:48 Imposter Syndrome, the Menopause & Being Open About It 23:35 Are Female Founders More Emotionally Open Than Men? 24:55 Being a Role Model to Her Son and Daughter 26:12 How Do You Deal With Failure? 27:20 Failure Is Just a Signpost on the Way to Success 28:41 Targeting £100M in Two Years: Weight or Ambition? 30:16 Key Lessons for Founders: Funding, Your Why & Your Team 32:09 Pick People You'd Go Over the Top With 33:06 Letter to a Founder: Back Yourself Above All Else