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Scaling the Business: Revenue Growth and Market Penetration

5:00
23:06
28.1K views

At 5:00 in

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

What happens here

Derek discusses the growth of CMP Attachments, noting a significant increase in revenue from $480,000 six years ago to approaching $4 million this year. He mentions that initially, it was difficult to secure dealers, forcing them to sell products directly. However, now the situation has reversed, with dealers actively seeking to partner with CMP Attachments, which he finds rewarding.

Goal: Illustrate the business's growth trajectory and evolving market position.

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doing it full-time for six okay and then and it's basically six years you went I'm gonna guess what were you where were yet when you were doing it part when I when I left my first year six years ago we did four hundred and eighty thousand in revenue and this year six years later you're doing four plus million yes okay and so today that's what we're gonna find out we're gonna find out how you took built your own attachment company and how you took it from going from out of high school is a diesel mechanic to running a fabrication shop to marketing to running the business that's our goal we want to hear your story so that when these guys are thinking about what where's what can they do with their lives you know guys don't mind being diesel mechanics but a lot of guys have hopes and dreams that go beyond just being a diesel mechanic and they want to be an entrepreneur they want to start their own business and I want to hear what it took to do that from you because I'm guessing it wasn't an easy road no it actually I've been told no more than I've told been told yes what does that mean well every time we've always been a focused on getting dealers okay and at the beginning stages I couldn't get anybody to be a dealer for our product so we had to sell direct now it's the opposite we got people calling to want to be a dealer okay Joe it's a it's

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