Paul McGerrigan

Pop Quiz, Monday with Paul McGerrigan

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  • Posted in Pop Quiz

The Pop Quiz, Monday is a fun little exam that we love to give to savvy business owners. The examination is not a surprise after all since the interviewee already knew about the questions in advance. However, we can always pretend and have fun with the scenario of a young entrepreneur sitting in class nervously biting on their pencil. They are ready to take a pop quiz on a chapter that they were supposed to read the night before. Instead, they played Metroid all night on their SNES (Oops, this was me in high school). The real purpose of the pop quiz is that this is a fun way to introduce business tips from real-world experiences that you can not learn in a classroom. We want to thank our entrepreneur for being a good sport and volunteering their time to answer a few questions to help our community grow from their knowledge.

I want to introduce you to our guest today who will be taking our Pop Quiz Monday.

Can you please tell everyone your name?
Paul McGerrigan

What is your job role?
CEO

Tell us about your company?
Loan.co.uk is a fusion of clever technology and helpful, knowledgeable and friendly specialists who deliver loans and mortgages from £1,000 to £100 million to our clients in a simple, affordable and transparent way. We on a journey to change the way people borrow in the UK.

What do you love most about your job?
Working with a fantastic team of diverse, motivated and talented people.

What motivates you to get up every day and go to work?
The challenge of trying to change things and to get better. It’s well used but very true – if you are standing still, you are going backwards – personally and professionally. Discipline is more important than motivation, however (no-one is motivated every day!)

How do your co-workers inspire you?
When they show good old fashioned perseverance, bloody-mindedness and determination to succeed on a problem or a challenge inspires me every day. The most reward generally comes from the toughest challenges. I also get blown away by the sheer intelligence of some of the people in our team with what they are creating.

How do you have fun at work (team building, pranks, etc..)?
We try to create an atmosphere where people can enjoy working most of the time. One of our core values is ‘Love life, love work and love sharing success.’ We are focussed on hiring, training and developing people who can identify with this then the fun flows naturally !

What are some of the challenges of your job?
Remote leadership and communication is probably the biggest challenge especially in a fast-growing company. We have 8 locations many of which are growing in numbers quickly. I am very aware of it, and as we grow, I am working harder to blend face to face meetings with the daily communications we have using a number of digital communication tools.

What are some lessons learned from a past project that you can share with us?
Always debrief after a project or a project ‘phase’ is completed. It is important to review and improve the process for the next one. Be open and honest with people even if the feedback is challenging. In my experience, the highest performance comes from high challenge with the proper support. When people deliver excellent performance make sure they get acknowledged accordingly. ‘A’ players are hard to find so when you find them make sure you keep them.

What advice would you give to someone who is starting out in your industry?
Do your homework on where the opportunity lies within the industry. Crunch the numbers. What are you going to do to set you apart from the rest ? Understand the challenges – regulatory, Brexit, technology and others. Is there an area you feel you can excel at ? After all of the above if you feel you have something – Go for it.

Thank you for taking our pop quiz today. You get an A+ for effort. You can learn more about our interviewee and their business by visiting them on the web:

www.loan.co.uk

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