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On today’s Business Beat, Jeff talks to a cofounder of Oakpoint, a dental support company that in just three years of existence is on the verge of a $100-million revenue milestone.
Turn in to the Business Beat, below, to learn more about Oakpoint and its trajectory:
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Jeff: Good morning, Paul! We’ve got an amazing entrepreneurial story to highlight this morning on the Beat. This is a story of two cofounders, Mick Janness and Erik Strang, and their startup known as Oakpoint. Mick, tell us about it. Mick: Hi, Jeff. So Oakpoint is what’s referred to in the industry as a dental support organization or a company who supports dental practices in nonclinical functions. So we’re processing all the payroll. We’d support them in all their human resources functions. We’d support them in all of their health care benefits, selections. Anything that the doctor does not deliver clinically we’ll support behind the scenes. Jeff: Mick, amazingly, you guys started this company just three years ago, and you’re now already closing in on the $100-million annual revenue milestone. Mick: 2019, we launched with one supported practice. I’ve been in dental for let’s call it 12 years. Built and sold a previous company from zero to $30 million. We did that in 36 months and then moved on to found Oakpoint. We’ve grown to $70 million in total revenue. By the end of let’s call it March of 2022, we’ll be at $80 million. Go forward, run rate, revenue, just really incredible on a straight trajectory we think by the end of the year to be on a $100 million go-forward run rate. It’s really difficult as you can imagine, right. It’s starting from complete scratch. Now we’ve got infrastructure, we’ve got a support team around us. I think the way we feel about our trajectory right now is that we’ll double the business over the next three years based on where we sit right now. We feel extremely confident of that. Our trajectory is strong, our platform’s strong. We can very easily kind of rinse and repeat the process. At this point, the hard work has been done so to speak Jeff: So more than anything else, Paul, a story like this one going from an idea to a $100 million in annual revenue in just three years, goes to show take two capable, driven entrepreneurs who have a good idea, but moreover, who along with their dedicated team, pour their collective focus and energy into making it a success proves that entrepreneurial dreams like this one can and do come true. Hats off to Mick, Erik and the entire Oakpoint team. Check them out at oakpoint.us. I’m Jeff Sloan, founder and CEO of startupnation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR.