Mark Holyoake is the current founder and CEO of Oakvest Holdings, an investment company focusing on the acquisition and investments of both commercial and residential properties. Mr.Holyoake is widely known for his involvement in the food industry, most notably the acquisition of one of Iceland’s largest seafood providers, Iceland Seafood International. Mr.Holyoake’s record of achievement has been seen since the minute he graduated from the University of Reading and earned degree in business. We recently sat down with Mr.Holyoake for a quick Q&A where he spoke about his risky investment in Iceland and his advice for younger entrepreneurs.
How did you come up with the concept of your company?
Mr.Holyoake explains that in 2010, through the use of his acquisition company International Seafood Holdings, he was able to invest and acquire one of Iceland’s oldest seafood company, Iceland Seafood International. Although the move was seen as very risky at the time, mainly due to the state of the Icelandic economy, the move would end up being very beneficial to both Mr.Holyoake and the country as a whole.
What advice would you provide to a younger self?
Perhaps not too go hurry too much, says Mark Holyoake. He further adds that it is very common for a young entrepreneur to not be patient with their business and as a result, add unnecessary stress to their life. Mr.Holyoake concludes by saying that allowing oneself to slow down can, in fact, save time in the long run.
What is one thing that has provided growth to your company?
Mr.Holyoake explains that one of the most important things to do is give others responsibility. He adds that too often the CEO of a company wants to do everything themselves, this, of course, will always end up in failure. Providing people with responsibility and trust creates a work environment where people feel valued and part of the company.
What is one failure you’ve had in business, and how did you overcome it?
Mr.Holyoake recalls many times when investments either didn’t go through or never panned out to be successful, but he adds that you only fail if you didn’t learn a lesson from it. If one is able to achieve this than failing in the short-term can be very beneficial in the long-term.
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