Entrepreneur brings in $10 Million in 1st year

June 26, 2008 at 6:49 pm 2 comments

Murray set up the company in September last year after spending five years in R&D to get the technology up to scratch. She invested £200,000 of her own cash into the start-up, but it was tough going from the off. “I could have given up a thousand times,” says Murray. “There were so many complexities involved in designing the actual device. Radio is a black art, you can’t theorise a working system. It’s all about trial and error.”

The service currently boasts 4,000 customers. Murray predicts this figure will hit 10,000 by 2009 and pull in a turnover of £4m


Entry filed under: Internet Startup.

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2 Comments Add your own

  • 1. demola  |  July 5, 2008 at 4:20 pm

    a true entrepreneur..she is putting 200,000 of her own money…wow she spent 5 years on R&D?
    There is obviously a need for the tracking device since 4000 people have already subscribed…
    I wonder if the 5 year R&D period was a bigger cost for her than the 200,000 she put down
    Great post

  • 2. MAX  |  July 20, 2008 at 11:17 am

    Very Impressive
    I Would like to have your entrepreneurship Story on My entrepreneur Club
    you might be story of month and can get huge traffic on your site
    Read best stories about entrepreneurs in world


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About Biz News

My Name is Bisi and this is my blog This blog features stories that I have read that I think are interesting . I usually bookmark the stories that I find interesting but they are getting too many . I have decided to catalog and share them on this site . I am not really promoting the site so you might have accidentally stumbled on it . Thanks for visiting .
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