Boyd founded the company mostly on a dream and quickly built it into a successful business. It went from a $10 million dollar a year company to a $100 million dollar a year company in ten years. Boyd hopes to use the same math and have a $1 billion dollar company within another ten years.
According to the article, analysts seem optimistic and note that pet products are one of the few retail growth areas. But Boyd acknowledges it won’t be easy. Quoting from the Business Tennessee article: “We’ve got a path to get there, but it’s going to be a challenge—there are a lot of things on our road map, and there’s a probability that some of them won’t happen,” he says. “But we also believe that the biggest idea we’ve ever had, we haven’t thought of yet.”
Technology will continue to play a role, with new products planned that include GPS capabilities and “smart” technology that will make it even easier for people to build better relationships with their pets.
Boyd is also deeply involved in the Knoxville community and is helping create “dog parks” across the county.
For more information about the Radio Systems brands, visit www.PetSafe.net or call 865-218-1568.