Starting a new business shouldn’t be dictated by the amount of capital you do or don’t have. Sometimes a great idea is all it takes. Recently, Rune Sovndahl CEO and co-founder of Fantastic Services, spoke to The Economic Voice about what it takes to start and run a successful multi-million pound corporation. The Economic Voice provides news updates and opinion on economics, politics and everything else in between.
Rune explains how Fantastic Services didn’t start up with a big investment and that it all began over two mobile phones and a laptop. Launched in 2009, Fantastic Services quickly moved from a two-man band to an international organisation with offices all over the world, including Australia and the USA. Six years later and the company reached a turnover of £25 million, not bad going when you think about it! Especially, for a company that’s never received any official investment apart from the hard work and time of all those involved.
So what is the key to a successful business? “Hard work and perseverance,” says Sovndahl. The brand had grown a great deal and now has everything from cleaning to pest control services. Sovndahl also commented “We may have started out small – as small as you get, really – but there are now more than 2,000 Fantastic experts and technicians and over 130 franchise partners in the UK. Our UK base is mainly London-focused at present, but with 280 Fantastic branded cars on the road we’re able to cover a wider area every day, and the plan is to be able to offer our Fantastic Services nationwide in the coming months.”
Fantastic Services are incredibly pleased to be such popular brand. “I always had faith in the company concept; everyone is time-poor these days, so a service that helps to take care of chores – whether on a one-off or on-going basis – was always going to be popular,’ comments Rune. ‘I’m thrilled that we’ve been able to accomplish so much in such a short space of time, though. If we can come from nothing and hit a UK turnover of £25 million in less than 6 years, I can’t wait to see what the next six bring!”