A need for speed at Porsche in Silverstone
Is there a better way to spend a Thursday afternoon than driving around the legendary Silverstone track in a Cayman and 911, after hearing from previous business owners on how to sell a business? This special business owners’ event was held at The Porsche Experience Centre and hosted by BCMS and our partner, national law firm Mills & Reeve. It saw guests travel from across the country to attend.
The occasion began with an eye-opening Q&A panel with BCMS’ former clients within the automotive industry. The panel included; Steve Done who sold engine tuning specialist EcuTek in 2017, Julian Chamberlain, former shareholder of Retail Active (who counted Porsche among his key customers), Darren Cairns who sold Intrinsys in 2017 and Winston Lee who sold SP Diagnostics in 2016 but still works there as Technical Director. Alongside the four entrepreneurs was Duncan Wade, BCMS Managing Director in Corporate Finance, and hosting was Founding Director Dave Rebbettes.
The Q&A offered a fantastic insight into the challenges and worries facing business owners who are looking to sell. Questions came thick and fast from guests who wanted to hear the panel’s previous experiences of selling; “When did you know it was the right time to sell?”, “How could you make sure your staff were in good hands?”, “What was the most difficult thing about the sales process?” and “What are you doing now post sale?” Julian Chamberlain jumped into this question and said that he did the predictable thing once he sold, splashing out on a boat and a Harley Davidson. But what he was most thankful for was “getting to have the time back.”
Once the Q&A finished guests were coached on how to drive a Porsche and then escorted outside to choose the car they wanted to drive. After a quick briefing with the driving consultant, guests were let loose around the track where they experienced pulling away from 0-60mph in three seconds, the ‘Ice Hill’ and the ‘Low Friction’ area. The most-talked-about segment on the track was the ‘Kick Plate’, a section where you were challenged to spin the car 360 degrees as many times as you could – this really brought out the competitiveness in some drivers!
The event rounded off with three drivers experience awards followed by drinks and food – providing the opportunity for people to network, discuss their driving experience and gain more advice and tips on selling their business.
This event has had incredibly positive feedback so far. One delegate said, “It was an excellent event and very worthwhile to hear the four speakers.” If you missed out, we will be running more events like this throughout the year and throughout the country.