Burnhills director hits the headlines

Our very own director Ben Burnhill had his 15 minutes of fame last weekend, when he was featured in The Yorkshire Post’s ‘My Investment’s Q&A. Each week, this Saturday column places the spotlight on a businessman or woman from the region, giving them the opportunity to pass on advice to fellow entrepreneurs. Readers of Ben’s write up also had the chance to learn a little more about one of our most senior equestrian, pet and farm supplies specialists. If you missed the article, you can read the interview in full, here…

What was your best investment?

The time I have invested to continually grow our 160 year old family business. Personnel training and development has been crucial – it will reap rewards in the long term.

Are wise investors born or made?

Made. Experience plays a major part in making sound business decisions, and is learnt from lessons – both good and bad – in business and life.

Do you believe it’s become harder for entrepreneurs to make prudent investments since the crash of 2008?

It has certainly become harder to source bank funding since the crash, but selecting the right investment still comes down to the individual’s business acumen.

What’s the worst investment you’ve ever made?

A kit car purchased for a track day, that I used only once!

What advice would you give to entrepreneurs looking to make a major investment?

Research is the key. Also ensure you always have a good team around you to share in the highs and the lows

Which sectors are likely to offer handsome returns for business investors?

Any sectors that draw huge interest from potential customers. The trick is to spot the trends before they take off, and invest at the right time. Much easier said than done!

Are there any sectors you feel should be avoided?

Areas where you lack personal experience should be avoided, unless you have a trustworthy partner who knows the sector well and you’re willing to jump into something new.

What lessons did you learn from your worst investment?

Don’t buy track cars that you only use once! On a more serious note, don’t rush into things.

What was the best piece of investment advice you’ve received?

Hard work and devotion pay dividends.