Mark Bailie: CEO of Compare The Market, How meerkats saved our business

My Duvet Flip by Jack Parsons

Jack Parsons

Business, Careers

4.2 • 5 Ratings

🗓️ 23 August 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Check out the latest careers at easyJet:

https://bit.ly/3yCRlNS

Episode Guest

Meet Mark Bailie, CEO at Compare the Market.

Mark Bailey, CEO of Compare the Market, shares insights on confidence, resilience, and the importance of financial education. He emphasises the need for courage in asking questions and the value of continuous learning.

Bailey discusses the power of insurance in protecting individuals from financial risks and the lack of financial education in society. He also highlights the success of the Meerkat brand and the importance of building a strong team.

Bailey concludes by discussing his role as a non-executive director of NHS England and the challenges of leadership and motivation in a large organisation.

Episode Timestamps

00:00 Courage Comes Before Confidence: The Importance of Asking Questions

20:11 Insurance: A Money Power that Protects and Liberates

25:17 The Meerkat Brand: Building a Strong and Recognisable Identity

28:34 Financial Education: Bridging the Gap in Society

33:12 Team Building and Understanding People: Keys to Leadership

36:19 Gaining Perspective: Stepping Away from Your Own Elephant

Episode Partner

easyJet streamlines affordable travel for all, with every role crucial in connecting millions via Europe's top airline network. With an innovative culture, easyJet empowers you to shape travel's future.

Transcript

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0:00.0	And I was sitting in this big meeting and there was a real problem with the deal and I just went,
0:04.0	I think you've got the claws the wrong way around and just want to put the knot there.
0:07.0	The partner from Freshfields turned around and went, that is exactly the right answer.
0:10.0	When you work out there making it up, everyone else is making it up, stop pretending and go to your point, which is ask the question.
0:16.0	That confidence is where you've got to start.
0:18.0	Courage comes before confidence. Hi, I'm Mark Bailey.
0:22.6	I'm the chief executive of Compared to Market and this is my dupe-flip.
0:26.6	Do you think it's the mere cats that actually just made the brand go from?
0:32.6	When the beer cats were discovered, right, we've tried everything else.
0:35.6	I think it's a stupid idea. But it's this or shut it down.
0:38.7	And the answer was, it's this. British culture says money is a dirty word. So is there also
0:45.2	an education that we need to do around money shouldn't be a dirty word in certain situations?
0:51.9	This is, I think, you're touching on one of the hardest things for us to deal with as a society.
0:58.0	How's this? There's something to admit.
1:00.0	Of all the people.
1:01.0	Out of all the people.
1:02.0	I might actually just ring up up the nurse and get him to explain it to me.
1:05.0	What's you do they flip? What gets you out of bed in the morning to flip?
1:08.0	To do they? out of bed in the morning to flip the day. Um, hmm. Who's who?
1:30.3	Who say that you?
1:33.3	Who say that you want to go out of my?
1:37.3	No, now, ever is finita with you.
	...

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