4.6 • 683 Ratings
🗓️ 6 November 2018
⏱️ 18 minutes
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CEO of ProcurementExpress
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0:00.0 | Care for what you wish for. You just might get it. So you might as well wish for a lot. |
0:02.9 | Found that his company, again, Procurement Express back in 2014, now 20 people based between Africa, Pakistan, Dublin, again, making and helping you spend your money more effectively, more efficiently, tracking, all kinds of stuff built in to make that a smooth process. |
0:15.6 | 250 customers closed to date, doing about 33 grand per month, 12 months ago. |
0:20.4 | Now at well north of double that at 65 grand per month, 2% gross logo churn per month, |
0:25.6 | getting paid back in about four months. |
0:27.6 | They're spending up to 800 bucks to acquire a new customer that pays 260 bucks a month. |
0:31.4 | Healthy economics. |
0:33.3 | This is the top entrepreneurs podcast where founders share how they started their companies and got |
0:39.7 | filthy rich or crash and burn. |
0:44.5 | Each episode features revenue numbers, customer counts, and other insider information that creates |
0:51.2 | business news headlines. |
0:53.5 | We went from a couple of hundred dollars to 2.7 million. |
0:57.0 | I had no money when I started the company. |
0:59.0 | It was $160 million, which is the size of any IPOs. |
1:02.0 | We're a bit strapped. |
1:03.0 | We have like 22,000 customers. |
1:06.0 | With over 5 million downloads in a very short amount of time, major outlets like Inc are calling us the fastest growing business show on iTunes. |
1:16.4 | I'm your host, Nathan Latka, and here's today's episode. |
1:21.1 | Hello, everyone. My guest today is James Kennedy. He is the founder and CEO of a company called Procurement Express, which is helping make company spending more efficient and faster. James, are you ready to take us to the top? |
1:33.1 | Yeah, I'm very excited. That's great, Nathan. Yeah, so where are you based this morning? |
1:37.3 | I'm speaking to you from a sheep farming town, 200 kilometers from the nearest coffee machine |
1:42.3 | in rural South Africa. I would die. |
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