Business in electrical gadget ready to hit the ground running
In 2012, Trevor Richards opened a Christmas present from his son-in-law, James Webb; it was an electrical testing gadget that James had designed and built in his backyard shed.
‘As soon as I used it, I thought, why hasn’t anyone else in the world done this? It’s a brilliant piece of technology,’ Trevor said.
Shortly after, Trevor and James launched the business Platypus Instruments and began working with Business Connect advisor Kris Laird to turn their idea into reality.
‘Even though Kris didn’t understand the technical side of our business, it did not matter because she knew everything there was to know about setting one up.
‘One of the biggest tips we got from Kris was to manage our dollars. So many startups fail because they get into hot water over funding, so we’re cautious about how we spend our money. By listening to Kris and doing some careful planning, we’ve managed to avoid the big issues that plague most startups,’ he said.
Kris also helped Trevor and James with their digital presence, funding access, and business confidence. Kris spent some time getting Trevor and James on the same page by drafting a business plan, explaining intellectual property rights and articulating all the benefits of their product using video platforms.
‘Since we initially connected with Kris and Business Connect, we’ve upgraded the machine several times to cover a wider market. We’ve also completed more canvassing and marketing, and now we’re just waiting for final approval for parts of the equipment and standard testing - which will open our market up even more,’ Trevor said.
‘Even with all of the waiting, Kris was the person who helped us get all our ducks in a row so we’ll be ready to hit the ground running once it’s approved.’
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