Below are the combined signals that make pivoting a smart option. But only if you are committed to getting on the Skate Ramp of exponential growth. Sub-30% topline growth rate for three years straight, AND Your original UPCs don’t grow the same store velocity, AND Adding new UPCs
The vast majority of consumer startups selling in retail get lulled into operating as a B2B company, even though they make products for the end consumer. This is because the initial data they manage concerns distributor case sales and retail account sales. They have no
This is it! The best of 2023. The most provocative, stimulating, unfiltered and apparently most popular posts from this year! Note: thoroughly vetted by legal. #1 - Beware of Desperate Old VC Funds Headed Your Way! #2 - The Seven Traits of Killer Founders #3 - Beyond Predictable. Beyond Meat’s
The following is an excerpt from my January 26 piece for the Food Institute. Non-alcoholic (NA) beer is American consumer culture's oldest social responsibility segment. Commercial, branded NA beer made its way into tens of thousands of bars and taverns by the 1990s in part as
Pivoting has and will continue to be about selecting 3-6 hero UPCs amidst your current mix and pivoting the strategy for growth to those UPCs. The investments will all head toward supporting these hero UPCs. A managed removal of the others becomes something you can
Several times a month, someone slides into my DM box on LinkedIn, hoping to grab some time with me. Most are polite about it. A minority is unbelievably entitled. I do reject all these requests through my assistant who triages my inboxes. Last Spring, I experimented with
One of the most terrifying realizations founders have at some point in the early years is how little they know about the more advanced aspects of scaling consumer brands. It could be a volley of SPINS jargon thrown at them. Or a broker’s counter-intuitive suggestion about which
“James provides insightful guidance to those who are working hard to start and scale their businesses.” The following is a brief excerpt from Episode 100 of Startup Confidential! I didn’t think I’d make it to this milestone, honestly, at twice per month. Thanks for listening in. "1)
Most early-stage food companies lose money. Anywhere from 10-50% every year. Much of this comes down to low product gross margins getting chewed up by fixed operating costs and various onboarding fees at retailers. Getting to a scale that lowers absolute COGS still remains the primary way
I launched my current business in 2017 with a series of LinkedIn videos, including why you need a strategic plan. Keeping you and your team accountable is the most important reason to write a straightforward plan consisting of three things: your revenue targets for 2-3 years max your