Business tips from an experienced entrepreneur

Earlier this summer we visited David Potter in County Durham, and asked him to share his top tips for other business owners. Having set up Ambic, a manufacturing business, over 30 years ago, David has a wealth of experience.

In this short video, David talks us through the 3 most valuable lessons he’s learnt over the past 30 years.

In summary, his top 3 business tips are:

• Keep your staff happy.They are your biggest asset. You’ll need to find out how to motivate them, but if you look after them, they’ll look after you.
• Be patient. Things may not always happen when you want them to but you should try to be patient, and adjust your plan if needed.
• Be resilient. And rely on your own ability which you have within you.

Ambic manufacture furniture for schools and universities, and the majority of their customers are located in the North East. They took out a £100,000 business loan from 1,277 people through Funding Circle last July.