Man who grew up on a council estate launched hair-growth shampoo with his wife and turned it into a £5M business selling a bottle every 30 seconds
Matt Waterman, 43 and Gail Waterman, 45, from South Yorkshire were desperate to find a product in the market that could address a common problem - hair loss
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IMAGINE turning your idea into a thriving multi-million pound business ?
That's exactly what husband and wife - Matt, 43 and Gail Waterman, 45, did, with the hair raising couple now expecting their growing shampoo business to turnover £5 million in 2019.
The couple, from South Yorkshire, was desperate to find a product in the market that could address a common problem - hair loss.
They trademarked their formula and shampoo - the Watermans GROWME products - and set up their business from home in 2014.
Using £15,000 from their own savings, they made their first 5,000 bottles of shampoo made from their formula containing biotin and caffeine and put them for sale on Amazon.
Three months later they were already out of stock and now, the mega-hit product is so popular one tube is purchased every 30 seconds online.
How to grow a multi-million pound business, according to Matt and Gail
HERE are few tips from the Waterman's
- Don't run before you can walk - Work your way up gradually and make sure you never have more bills than income
- Try to make it on your own - Do not employ staff when you can't afford and when you can do most of the job yourself.
- Be prepared to work hard- Working nine to five will not turn you into an entrepreneur. You have to be prepared to work around the clock.
- Learn from your failures - If something doesn't work immediately, pick yourself up and try again.
- Don't let your background stop you -Where you're coming from shouldn't stop you from achieving your goals. You need to believe in youself.
The couple - who believes you don't have to be rich to make a difference - have donated around £65,000 worth of stock to cancer patients since 2014.
Shoppers can find products from cheaper competitors like Lee Stafford or pricier ones like Grow Gorgeous Hair and Toppik at Boots.
But UK retailers are yet to stock Waterman's shampoos. The only department store selling their products is currently based in South Korea.
But what’s it like doing business with your partner? Matt said there's nothing better than working with his soulmate.
He said: "Gail is both my soulmate and my boss. There's nothing better than being able to bounce ideas of each other. I trust her opinions completely."
"We might get into occasional little fights, she often tells me to spend less money on advertisement for example - but it's never really serious."
We recently spoke to Rebecca Cope who launched her own candle business with £200 after being made redundant from a city job - and it now makes 50,000 a year.
The Sun also revealed how a single dad-of-two started his own firm with £1,000 and it now has a turnover of £500,000.