3 essential tips for growing a small business

In our latest business advice video, Simeon Penn, Director of Saber Powersports, shares with us his 3 top tips for growing a small business. Simeon, an ex-national powerboat racing champion, was successful in transforming his lifelong hobby into a profitable business. Saber Powersports offers adventure-packed activities on the water off the coast of Southampton and is now the largest powerboat experience company in Europe.

His 3 tips are:

Tip 1: Do something you love.

Tip 2: Talk to your friends and tell them about your business idea.

Tip 3: Try it! If you try something and it fails, at least you’ve tried.

Watch the video for more detail on each tip.

Saber Powersports borrowed £20k in May from 168 people through Funding Circle to buy an engine for a new jet boat.  If you’re looking for business finance, find out how your business loan could be funded by people across the UK.