A campaign, launched by the UK Government and supported by Start-Up Britain, to encourage people with the twinkle of an idea in their eye to start a business decided to use Safetray as one of a select few case studies to front the project. Here's the video that was shot in London after a fairly early start for our CEO Alison Grieve. Read the full interview by clicking on the link below.
"I remember the moment when I was thinking about accidents involving trays toppling over, and when I came up with the invention of Safetray, I literally leapt out of my chair, and I knew that I had to commercialise that invention.
When I first started, I had some savings from a previous business, but I didn't have a lot of money as an entrepreneur. So, rather than pay for services, I gave away a share of equity in return for services from a product design consultancy. That really helped to boost the business at a critical early stage, and get us moving forward really quickly. Laterly I just closed an investment round, so I sold a share of equity in return for funds, and that is going to help us grow the business exponentially over the next three years.
Well now, my boss is my customer, my clients, and to a certain extent the staff that I'm taking on and the other board members. They're my bosses, and I think that's the best way to look at your own business. It's always good to be serving someone.
There's so much freedom in having your own business, and an incredible amount of pride that comes from having started something from nothing and then taking it to be a global product, and from being able to employ people, and all the wonderful feelings of satisfaction that brings.
I would say that the most important thing to remember in business is belief in what you're trying to do and never lose sight of that. If you're really determined to do something, then there's always a way. Even at times when everything seems disasterous and there are problems with production if it's a product, or major problems with customers if it's a service, everybody goes through those really dark times in business, that's just part of it, but it's to keep that belief and to keep finding solutions to problems, and you'll always find a way.
I'm already exporting Safetray, we sell to companies in America, in Canada, in United Arab Emirates, and we have plans to go all over the world because it is a truly global product. It is tricky, export, you have to be aware of a lot of different legal systems, you have to be aware of the importance of logistics, because what you don't want is for your customers to have a bad experience in whatever market you're going to commercialise.
However, the belief that export is more risky than just sticking to your own domestic market is not true, in my experience. I would say that it's been less risky for my business. The decision to split our stock and send half of it to America was perhaps the best decision I ever made for the business.
I would say to anyone thinking about export, certainly research, as you would do your own domestic market, but don't be scared. It really is possible, and there's a lot of support available in the UK, offered by the government, to help you export."