James Reed: all about business 61. The email that saved HomeServe and sparked a £4bn business | Sir Richard Harpin
Building a billion-pound business is one thing, but what does it take to scale globally, exit successfully, and inspire the next generation of entrepreneurs?
In this episode of All About Business, James speaks with Richard Harpin, founder of HomeServe, the home emergency repairs and improvements launched in 1993. Richard talks about his journey from early failures to growing a FTSE 100 multinational across the UK, France, Spain, the US, Canada, and Japan that sold for £4.1 billion in 2022.
Richard shares how a plumbing insurance model sparked the subscription-based affinity partnerships, the challenges of international expansion, and why copying successful ideas while focusing on execution was key to cracking markets and achieving organic growth.
Together they discuss Richard’s post-exit ventures including Growth Partner, Business Leader magazine, and his bestselling book "How to Make a Billion in Nine Steps". The conversation also explores Richard's passion for inspiring breakthroughs, the role of optimism in navigating setbacks, and why doubling the UK's large companies through community-driven support, matters more than ever in a challenging economic landscape.
Timestamps
01:00 The early struggles and pivots
06:42 The breakthrough: Plumbing insurance model
17:40 The power of copying and mentorship
28:53 Challenges and opportunities for mid-size businesses
37:55 Introducing growth partner: investment in retail
48:10 The not-to-do list for entrepreneurs
01:02:29 Recruitment: Hiring your replacement
Follow Richard Harpin on Linkedin
Buy Richard’s book “How to Make a Billion in Nine Steps”
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