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

http://www.realbusiness.co.uk/news/business-woman/5315506/tracking-device-firm-snares-4m-in-its-first-year.thtml

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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

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

    HI,
    Very Impressive
    I Would like to have your entrepreneurship Story on My entrepreneur Club
    http://www.starentrepreneurs.com/
    you might be story of month and can get huge traffic on your site
    Read best stories about entrepreneurs in world

    Reply

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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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