To complement his work with Startups and businesses around the world, and to help ensure that his clients have the right team to take them forward and achieve their objectives, Lee Phanurat-Bennett is now a business partner of CEO Worldwide
Lee Phanurat-Bennett is a businessman, legal advisor, and communications expert and strategist, involved in projects and business deals around the world. As well as working with established businesses and funds, Lee helps startups and entrepreneurs to get traction with both investors and potential clients.
Lee Phanurat-Bennett understands how important it is for businesses to communicate effectively and to demonstrate sound leadership in order to achieve their goals. When it comes to pitching for investment the stakes are high and the environment unforgiving.
As reported here, Lee Phanurat-Bennett has collaborated with Shift Ventures Ltd in Thailand who have developed a super angel-startup platform that quickly enhances investment confidence and success, with over 35 honorary members of the 1000x Club each committing USD $1million for Club investments.
Lee and Shift Ventures introduce Startups, investors, and other business opportunities to each other and work together for the benefit of their clients. Lee is also on hand to contribute to programs, provide legal counsel and communications advice where necessary, and represent Shift Ventures in their projects moving forward where appropriate.
Lee is actively working with clients across the globe, matching high value investors to startups and established businesses, and helping clients get traction with investors and customers by ensuring they are pitch-ready, and have an effective business and communications strategy in place. Part of the services Lee and his team provide to clients also include: Presentations, Public Speaking, Leadership, Teamwork, Cultural Intelligence, Confidence, Motivation, Negotiation, Stress Management, Selective Psychometric Testing, and In-Depth Profiling.
Lee Phanurat-Bennett knows that his clients need to demonstrate that they can make the right decisions and that they are worthy of investment and support; that also includes hiring the right employees and getting the right partners on board.
Lee helps his clients ensure that they hire the right people by using Selective Psychometric Tests as well as a special in-depth profiling tool; these are used to identify specific traits in order to ensure appropriate appointments are made from C-level down. Lee’s team are accredited to create, deliver and interpret such tests.
Nigel Evans is the lead Psychologist who works with Lee Phanurat-Bennett. Nigel is an expert on the use of psychometrics and objective assessment, holding the highest occupational test registration issued by the British Psychological Society (BPS). He is qualified to train others in the proper use of ability tests and personality questionnaires, and serves on the Committee for Test Standards. Nigel has worked with global corporations and national governments, and is the nominated BPS representative for the International Test Commission.
Using psychometric tests can help clients to hire, train and retain the best people in the best possible manner. Who and how a company trains, and the solutions that they implement, will depend on their employees personalities, skills and abilities.
Unfortunately, many organisations rely on old assessment approaches or generic tools that unfortunately seldom meet the specific business objectives. Lee Phanurat-Bennett and his team provide clients with a proven methodology and pricing structure that gives maximum return on investment for any business, be it a lean start up, growth SME, regional player, corporate name or a government funded entity.
According to Leadership IQ’s Global Talent Management Survey around 81% of hires will fail. On average one in five hires are ‘duds’, and 80% of staff turnover is attributed to bad hires (Harvard Business Review). Further, the key reasons for the failure of new hires are not due to lack of technical skills but rather:
1. coach-ability; and
2. emotional intelligence; and
3. motivation; and
It is significant that the main reasons for failure of new hires have nothing to do with lack
of technical skills (something which employers all-too-often focus on) but everything to do
with personal characteristics; this is something that is not easily teased out during the
typical interview and selection process. Negative traits are only likely to come to
the surface when the company enters a period of crisis; this is the very time when the last
thing you need is someone in place with negative traits. Better to have foresight
and know at the selection stage whether an applicant has any red flags for negative traits;
this is an essential part of managing risk.
Just to be clear, every potential hire must be assessed as to their technical skills, but not
in isolation or at the expense of over-looking important key traits and attributes; traits and
attributes which are often responsible for the majority of problems in the business place.
If you make the wrong hire and the business relationship breaks down it is an expensive
and time-consuming distraction. According to the Oxford Economics Report the cost of
hiring an employee is £30,614. Other studies from around the world show a similar figure.
MIT’s Sloan School of Management estimates the replacement cost of an employee as
1.25-1.4 x salary for a medium size business; estimates range from 1.5x to 3x of salary for
the ‘fully-baked’ cost of an employee in a tech. Hiring the wrong person is an expensive
mistake for any business.
To complement his work with startups and businesses around the world, and ensuring that his clients have the right team to take them forward and achieve their objectives, Lee Phanurat-Bennett is also a business partner of CEO Worldwide http://www.ceo-worldwide.com/ .
CEO Worldwide recruits C-Suite applicants for companies across 180 countries. CEO Worldwide has an exclusive pool of 16,886 international executives iCEO™ certified for interim management assignments or permanent executive recruitment. CEO Worldwide was founded by Patrick Mataix who also founded VistaPrint back in 1996 and who achieved USD $100m in pre-IPO fund raising. VistaPrint now has a current annual turnover of $1.5 billion.
The certification process of C-Suite applicants is very stringent. CEO Worldwide have selected and certified around 16,800 executives from more than 167,400 applications they have received. The global, cross-border service provided to clients provides local recruitment agencies managed by international executive search experts and entrepreneurs.
The service provided by CEO Worldwide includes interim management assignments, permanent executive recruitment and the placement of iCEO Investors, executives who are ready to invest into the company where they are taking up their next executive position. Drawing from its pool of over 16,800 pre-certified executives, each with a proven entrepreneurial profile, and being part of an established local business network, CEO Worldwide’s local partners are able to select and introduce the right managers for any assignment or permanent position within a few days.
The placing of executive investors who offer personal investment capabilities, allows companies to reinforce top management with new skills as well as providing an injection of fresh funds. The executive investor has privileged access to a deal flow of exclusive opportunities sourced, selected, and qualified by iCEO executive experts.
If you are a C-Suite applicant looking for a high level role, a company seeking to fill a C-Suite position, or you would like to learn more about any of our services and how we may assist you, then please do contact us for a confidential, no-obligation, discussion in the first instance.
Author: Lee Phanurat-Bennett