My Admission Statement: My name is Peter Wood, CEO and co-founder of CoinBurp. My daily and long term mission is to change the cryptocurrency space entirely by providing ease of access to trading through simplicity as well as providing education to newcomers. We are working tirelessly to make cryptocurrency safe and simple to use and to educate investors on the benefits of investing in cryptocurrencies.
I am also the co-founder of BitBroker, an idea that started in my bedroom at my parents' house. After a few years, BitBroker generated millions of pounds in profit and I look to replicate this success with CoinBurp.
I provide talks at events, schools and seminars where I hope to inspire individuals and communities to follow their passion just as I have done. Over this last year, we (CoinBurp) have sponsored multiple charity events across Ireland and England in hope to give communities equal opportunities for the future.
How do you motivate others?
I find direct pressure to be the least effective, whilst giving employees the flexibility to complete tasks as the winning factor. Team collaboration is key with an open form of communication between colleagues.
Out of the office, we frequently do team bonding events such as escape rooms and lunches where the team have time to get to know one another. We play hard but we work harder.
What tips would you give for other start-up’s:
Do something you will enjoy in the years to come. There is nothing worse than waking up in the morning dreading the day ahead!
Be realistic. Everyone has great ideas but can you definitely deliver on this?
Consider start-up costs, your burn rate and whether you can bring investment in if needed.
Lead by example. No one wants to work for a dictator so do not be that guy/girl! Treat others as you would like to be treated.
What does the future hold for your business?
I would love to see CoinBurp grow internationally and become one of the market leaders in this industry, and with the great team around me, I genuinely feel this will be done. On a more selfish note, I want to continue volunteering, helping and inspiring young kids to achieve their dreams. As a successful individual from Luton, I regularly give talks to children at my old High School showing them that with a lot of hard work you can get to where you’d like to be!
What are the difficult moments in your business and industry?
It goes without saying that the common perception of cryptocurrency trading is not that of a positive one. Thus making onboarding of new customers slightly more difficult compared to if the general population knew more and how safe it was through the right provider such as ourselves.
Problems arise on a daily basis and it is up the person or team to decide how to deal with it regardless of the scale of the issue. Luckily, I love what I do and success is just an added bonus so when hurdles appear I see it as an opportunity for growth and development.
What do I do best?
I like to feel my expertise lies in business development and building relations. There will always be room for improvement and I continuously search for changes that will have a positive impact on the company as a whole.
Take advantage of times where you feel inspired and focus on the end goal.
What is your most used app?
Without a doubt, Reddit!
What are your passions/hobbies?
I spend the majority of my week and time working, so I take every opportunity I can to spend with my family. I make a concerted effort to put my phone down, close my emails and stay connected with them.
Outside of work and family, I enjoy everything football. To many readers dismay, I am an avid Liverpool supporter. Personal development is also high up on my list when I can I read, learn and watch to keep myself up to date with the latest and greatest within my industry specifically.
What should everyone try at least once?
Take yourself out of your comfort zone. In the moment or prior to there is a sudden feeling of regret. Once completed whatever it may be you experience a temporary state of euphoria and it becomes contagious.
What else to know?