There are dozens of innovative businesses which have been given support by Business Wales AGP to provide a platform for growth.
The latest firm which has used Business Wales AGP expertise which we feature in our blog series is Bison Security (Wales).
The company was established by farmer Gareth Davies and engineer Phil Corke, combining their skills as an inventor and business leader respectively, to success.
Here, Gareth Davies and Phil Corke tell the story of their business and offer advice to others looking to grow their idea into a thriving commercial enterprise.
Tell us about Bison
We established Bison Security (Wales) to develop the Quad Vice as a saleable item and then other security products for motocross and all types of bicycles.
We’ve now sold several Quad Vices – a product which has been certified by an independent security company, Sold Secure to its gold standard.
We’re in the process of growing sales through direct and indirect channels.
What are your proudest moments in business so far?
It has to be winning the British Farming Gold Award for most innovative machinery of the year in front of 700 people for our Quad Vice. It was proof of the quality of the product and an endorsement from our target market.
If you were starting again, what would you do differently?
Financial support for their design and manufacturing business has been practically non-existent.
We may not have taken out patents and brand protection, since this has taken tens of thousands of pounds out of our scarce resources, and instead gone straight to market.
Going straight to market would probably have increased sales volume.
How has support from Business Wales AGP helped your business?
We’ve had proactive help and support from our relationship manager who has kept in touch throughout our time on the Business Wales AGP.
The process of gaining approval and access to support took longer than expected, but it’s been worthwhile.
What advice and guidance would you give other businesses starting out?
● Check the viability of your idea/product and then stick at it and do not give in.
● Money lubricates the wheels of business, and if you have another source of financial resources, outside your new business to support yourself, that will allow you the time and space to cope with unforeseen challenges and setbacks.
● Make sure you work with competent partners and associates; otherwise, a few years down the road, something that “niggles” you now will drive you mad.
● Try and ensure suppliers, support agencies and everyone you work with delivers on their promises.
Learn more about Bison Security (Wales).
You can find further information on Business Wales Accelerated Growth Programme (AGP)