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Talk Business

Are you seeking finance? Have you approached financiers and been turned away? With a number of ‘Sources of Finance’ now available to SMEs, it is important to ensure the right finance is sought for the business. Successfully securing finance comes down to a few key considerations whether the financier is a Bank, a Business Angel, or a Crowd. The Seminar will discuss key points to address when approaching various financiers. We’ll be on Stand 556. Talk to us about your business needs and let us help your venture succeed. Tweet us now @NoorBiz using #BeBizSmart and let us know you’ll be dropping by. See you there!

Are you seeking finance? Have you approached financiers and been turned
away? With a number of ‘Sources of Finance’ now available to SMEs, it is
important to ensure the right finance is sought for the business. Successfully
securing finance comes down to a few key considerations whether the
financier is a Bank, a Business Angel, or a Crowd. The Seminar will discuss
key points to address when approaching various financiers.
We’ll be on Stand 556. Talk to us about your business needs and let us help
your venture succeed. Tweet us now @NoorBiz using #BeBizSmart and let
us know you’ll be dropping by. See you there!

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TALK SUCCESS<br />

FACE ON THE COVER<br />

EVERY TIME I GO TO AN<br />

AIRPORT I SEE A KID WHIZZ<br />

PAST ON A TRUNKI. WHAT’S<br />

THE SECRET OF THE SUCCESS?<br />

It’s all about understanding the<br />

customer, and we have two –<br />

the parent and the child. The<br />

parent is looking for utility<br />

and function, while the child is<br />

looking for fun and personality.<br />

I think the success is also in the<br />

great design.<br />

WHICH TRUNKI IS THE<br />

BEST SELLER?<br />

Trixie and then Terence. The UK<br />

third best seller is the Gruffalo<br />

case – based on a character from<br />

a children’s book – which is our<br />

most expensive case.<br />

HOW DID YOU SECURE<br />

DEALS WITH BIG RETAILERS<br />

LIKE JOHN LEWIS, ARGOS<br />

AND HALFORDS?<br />

In the early days I got turned<br />

down by all of them. So, at first<br />

we sold online pushing through<br />

PR to build awareness. Dragons’<br />

Den gave us a boost too.<br />

When we had traction, the<br />

big retailers approached us. My<br />

advice when you’re talking to<br />

big retailers is to be aware that<br />

they have lots of terms. Never<br />

give your price until you know<br />

their terms.<br />

WHAT WOULD YOUR ADVICE<br />

BE TO FIRST TIME BUSINESSES<br />

THAT ARE EXPERIENCING<br />

DIFFICULTIES IN THE CURRENT<br />

ECONOMIC CLIMATE?<br />

If it was easy, everyone would<br />

be doing it. Embrace the<br />

challenges and tackle them head<br />

on, quickly and economically.<br />

YOU ALREADY TRADE IN 97<br />

COUNTRIES, BUT I SEE YOU’RE<br />

PLANNING TO EXPAND FURTHER<br />

– WHAT IS YOUR STRATEGY?<br />

We have a dedicated<br />

distribution team in the UK,<br />

France and Germany, we’ve also<br />

sold really well in Scandinavia<br />

despite it being a small market.<br />

We’re looking to set up an office<br />

in France and Germany and<br />

are raising money through the<br />

<strong>Business</strong> Growth Fund.<br />

We have been international<br />

from day one, our press<br />

releases were sent to bloggers<br />

all over the world and our<br />

website got traffic from Japan,<br />

and the US, and more.<br />

TRUNKI LOOKS LIKE A FUN<br />

PLACE TO WORK. HOW DO<br />

YOU ENGAGE AND RETAIN<br />

YOUR STAFF?<br />

To take the business to the next<br />

level you have to have a great<br />

team around you. We’ve worked<br />

hard on our business values<br />

so we all have a clear picture<br />

of what we’re about. We’re in<br />

business to make innovative<br />

travel gear for families on the go.<br />

Each staff member gets<br />

£1000 for professional<br />

Dragons’ Den<br />

was not a<br />

major event<br />

for me – we’ve<br />

had other<br />

mountains to<br />

climb, like the<br />

hand luggage<br />

ban in 2006<br />

development, which they can<br />

spend, on things like marketing<br />

and language courses.<br />

The working environment is<br />

also important. We have high<br />

ceilings and astroturf carpets,<br />

and lots of fun elements in the<br />

office, including a big yellow<br />

slide [on the cover].<br />

LOOKS FUN. DO YOU GO<br />

DOWN THE SLIDE MUCH?<br />

No – but the bank manager<br />

insists on it!<br />

HONG KONG COMPANY,<br />

KIDDEE CASE WAS<br />

RECENTLY FOUND GUILTY OF<br />

INFRINGEMENT OF TRUNKI.<br />

WHAT HAPPENED?<br />

Last year at a toy fair we found<br />

them exhibiting, we told then<br />

to remove their stand and they<br />

did. However when we saw<br />

them again, they refused to back<br />

down so we had to pursue the<br />

legal route. Their product was<br />

not totally identical but was<br />

found in violation of ours in the<br />

High Court. They had to stop<br />

selling the product.<br />

Everyone thinks a patent is<br />

the be all and end all, but design<br />

registration from the Intellectual<br />

Property Office costs £300, is<br />

cheaper and provides protection.<br />

Contact: trunki.com<br />

Watch Rob on Dragons’ Den here:<br />

tinyurl.com/RobLawDragonsDen<br />

22 NOVEMBER 2013

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