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The Rapid Rise of Montirex
Manage episode 345958072 series 2921944
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How two young lads from Liverpool started the multi-million-pound sportswear brand Montirex, in under three years.
In this episode of Taking Care of Business, Paul Cheetham-Karcz sits down with the founders of Montirex: Daniel Yuen and Kieran Riddell-Austin. They discuss where the idea for Montirex came from, and how they've built the business from the ground up.
They mention how the business began while they were both in full-time employment, why they both ultimately wanted to work for themselves and what challenges they had to overcome.
In this episode:
05:30 - How the idea of Montirex was born
09:45 - When did they know they were on to something?
12:50 - Increasing the product range
14:10 - Getting into Footasylum
16:32 - Asking for a loan
19:03 - Leaving full-time employment to be self-employed
19:53 - Bringing on their first employee
23:16 - How did they accelerate going into their 2nd year?
25:38 - Is influencer marketing still worth it?
28:27 - Going into their 3rd year of business
29:53 - Dealing with the challenges and stresses of running a business
36:05 - How the business is structured today
40:25 - Leading a team in business
43:50 - Looking to the future and selling internationally
46:50 - Breaking into America
47:24 - Advice for starting a business: "Do it and don't look back."
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