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.

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

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.

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

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

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!

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.

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

Hard work and devotion pay dividends.