MARKETING AFRICA ISSUE 12/16 | Page 64

Frank: Tell us about your time in McCann. Bharat: The McCann experience was interesting. It was very different to the ad agencies of today. In those days as an Account Director with a few Account Executives under me you had to do everything from media planning and strategy, to traffic management and so what was needed was to have relationships with your creative people, with the clients and everybody else. The learning curve was very different to today’s scenario and you had to get a lot more involved in terms of understanding the sales cycles, distribution, and other details on a number of issues. Today we don’t get involved in these issues as clients have become more sophisticated. Frank: A lot of people in the audience will identify with your next move where you broke from your career to go into entrepreneurship. Tell us about this time. Bharat: Going into business was not done because it was an intelligent thing to do but because it was the fashionable thing to do. It was something that was expected of everyone and so it was the next natural action in my career progression. It was a time when I had just got married and so I took one small office in which I had to worry about how I was going to pay the rent and fuel, for which we didn’t have enough money. It was me alone in the office and with faith and conviction the courage to continue just came and we did it, it was no big deal. Frank: How was Scanad in the first years? Was it a flying start from the outset? 62 MAL 12/16 ISSUE ‘‘ I started an advertising agency with my vision and dream being to create an agency that spreads tentacles across Africa. I wanted to grow the business that would outlive my person. It wasn’t about making money. The money comes as an incidental to doing a good job - it wasn’t the main goal or objective.’’ yourself with others in the world you realize that there are those that have achieved a lot more than you have and it’s important to keep your feet on the ground. Bharat: No, it was actually quite a struggle just like any other business. The first company I setup was Scan Ad + Marketing as I thought I would become a Marketing Consultant. The lesson I learnt here is that you cannot do everything and it is important to specialize in one line of expertise. The main reason we did the IPO was that at that time none of the multinational advertising agencies was interested in Africa. They were focused on the BRICS nations which are China, Brazil, India, Russia and South Africa. It is important that you be able to add value, volume and sales to your client in whatever proposal or idea you give them. If you fail to add these you are history. If you can add these then you will be a star. Frank: What are some of the more humbling moments that you have gone through? Those that you look back on and can’t believe you got through? Bharat: I think a humbling moment is one you have to reta in all the time. I try to remind myself that at the end of the day it’s just a business. When you compare It’s important to remain focused, involved, and close to your people especially those that have helped you get to where you’ve got to. Frank: Tell us about the ScanGroup IPO. Were you worried that you would lose control over the business that you’ve created over many years, with its personality and character changing to accommodate the many new shareholders? Bharat: Yes absolutely. The advantage we had is that we had done a lot of previous work for a lot of IPOs such as National Bank, Uchumi, Kenya Airways, Sameer Africa, KCB among others as an advertising agency and so we knew the process. We had the Lowe franchise and had a relationship with both WPP and IPG but they were not really focused on Africa which in their eyes was a long way away from attracting their interest, in addition to being a difficult market and not their main priority. For me it had always been my dream and my vision to make Scanad a truly pan-African brand and doing the IPO would give me the advantage where I could use stock as currency which is what we’ve done. If you look at the history of how we’ve grown, in the first year in 2006 after the IPO our turnover was three billion, we’re now at 16