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Entrepreneurial Beginnings: From Mechanic to Business Owner

3:10
23:06
28.1K views

At 3:10 in

He Grew CMP attachments from $480,000 to 4 million in 6 years. 4 k vid

What happens here

Derek recounts his professional journey, starting as a diesel mechanic right out of high school and eventually becoming a shop manager. While employed, he started CMP Attachments part-time in his garage. He describes building his first product, a 'Hydro Bucket,' during nights and weekends, often working 50 hours a week at his main job and then until 10 or 11 PM on his business, with only two weekends off per year for Easter and Christmas. He emphasizes that this period of intense, unpaid labor lasted for seven years.

Goal: Learn about the founder's background and the humble beginnings of the business.

Tools and materials

  • Credit Card Loan — Initial capital to start the business (specifically mentioned $2000)
  • Detachers — Early products manufactured by Derek
  • Hydro Bucket CMP Attachments — The first product built by Derek
  • Welder — Building the first products in the garage

What they say

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okay so you if I understood this right though Derrick you started in a garage as a diesel mechanic well I started out of high school as a diesel mechanic I went to work for a company called MP next level started there right out of high ceiling mechanic and then the last eight years I was there I became their their shop manager and I started cmp when I was working at MP next level so you got some tools and attachments over here so but this story you started as a shot mechanic a highway or just a basically a diesel mechanic how did you transition to run it well you got what twelve guys we got fourteen guys now fourteen guys okay two of them are gone today but I don't know I've always managed people and I've been really good at it and one of the things that I always like does ever since I was a little kid I love building stuff you know I like like this stuff over yeah like this we have the patent on or hide your bucket look in a good unit actually this is my model and it's actually one of the first models that we ever built yeah it's a great tool when I was that MMP we did a lot of restoration and we hated the skid loaders because you had to have a bucket and he had a soil conditioner and you had to switch back and forth so we used a lot of times we used the tractors and we had all this [Music] doubling up on equipment and that's where I came up with this so we built I built my first one out of my garage and that's how it started was actually this unit how much what do you have in gross sales per year now we're gonna be just under 4 million this year 4 million okay so in 13 years you've been doing this for 13 years been doing it 13 years been doing it full-time for six okay and then

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