Jeff Wyatt (1 February 2017)

Local businessman radiates knowledge and turns up the heat on students

Jeff Wyatt, “an unashamed small businessman”, currently supplies and installs premium electric radiators from Germany. Jeff spoke about perceptions of quality being a key component in his decision to import from Germany. This explains why he can make his business model work and justify premium pricing using very clever (and somewhat complicated) psychology, through understanding how his consumer thinks, no doubt after extensive market research.

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Another important message from Jeff was to emphasise  networking. A big proportion of his business contacts emanate from one golf club and in all seriousness this tactic has served him incredibly well. Well worth the membership fee.

Jeff also demonstrated that an entrepreneur requires adaptability and a wide range of skill sets. For example, when he first started his current business he was required to knock door-to-door selling the product and his outlook is that “selling is all about understanding the customer in front of you”. This links in with another piece of advice he gave: “don’t procrastinate in business; be active – it’s the only way to make things happen”. It’s something I don’t think you could accuse Jeff of.

Having seen all that he has achieved in such a relatively short period of time, it’s easy to understand why he is self-titled “an unashamed small businessman” – he’s got nothing to be ashamed of!

Based on a report by Jack Tyers