With 20 years of experience at General Electric (GE) capital, having worked in over 32 countries, Glen Wakeman is gained valuable knowledge in startups, integrations, mergers & acquisitions, divestitures, downsizing an exponential growth. He is LaunchPad Holdings’ Chief Executive Officer, a company he helped in establishing. The company helps prime-stage entrepreneurs with internet business planning services to make them successful ventures. Glen Wakeman maintains a regularly updated and interactive blog dealing with capital raising, global affairs, business transformation, leadership and emerging markets, and angel financing.
Glen Wakeman went to the University of Scranton graduating with a bachelor of science in Economic and Finance, and later the University of Chicago for his MBA. His experience with GE saw him rise from junior to senior management levels working across Asia, South America, and Europe. He was in charge of a strategy increased several businesses net income to $3 billion from $2 million in assets. When he was the CEO of GE Money Latin America, Glen Wakeman oversaw a nine-country operation from scratch, growing the entity’s annual revenues to $100 million and assets worth $12 billion.
To become successful in business and a leader, he has learned that mentoring young entrepreneurs is one of the vital aspects. After watching the high rate of business failures and a high number of good ideas that were not actualized, Glen Wakeman discovered that the structures around them were weak and unsupportive. This idea led to the development of software that would help entrepreneurs plan their concepts well. A good financial plan and business tools are what LaunchPad Holdings offers.
Besides, entrepreneurs receive what Glen Wakeman calls, The Elements. Leadership is the first element that entrepreneurs need. They need to understand their personal leadership styles that will make them more aware of how to cope with employees. Human capital is the second and entrepreneurs should know how to put their workers’ strengths to the best use. Execution is the third element where leaders come up with positive changes aimed at propelling the company to success. The fourth element is risk management, where entrepreneurs must ensure negative results brought by changes do not disturb the process. Finally, governance is concerned with making people comfortable by nurturing a freely expressing environment.