E109: Will Sold 100 Million Protein Bars

OPERATORS

In this episode the Operators interview Will Nitze, the founder of IQ Bar, a rapidly growing nutrition bar company. They discuss Will's journey from the software industry to launching IQ Bar, the challenges of introducing a consumable product, and the impact of market dynamics such as cocoa prices on business operations. The conversation also delves into the current state of the CPG industry, investment trends, and the role of crowdfunding in startup success. Will shares insights on building a profitable business in a competitive landscape and the importance of survival in the ever-evolving food and beverage market.

00:00 Introduction

02:52 The Growth of IQ Bar and Market Strategy

05:50 Challenges in Launching a Consumable Product

09:05 The Impact of Cocoa Prices on Business

11:55 Navigating the E-commerce Landscape

17:52 The Role of Crowdfunding in Startups

21:12 Building a Profitable Business in CPG

24:00 The Future of Food and Beverage Industry

41:14 The Challenges of E-Commerce and Brand Adaptation

45:51 Navigating Supply Chain and Ingredient Sourcing

50:45 Building a Brand: From Kickstarter to Retail Success

55:51 The Importance of Trend Adaptation in Business

01:00:11 The Risks and Rewards of Entering Mass Retail

01:07:52 The Long Game: Strategies for Retail Success

01:12:46 Maintaining a Long-Term Perspective in Business

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Dr James Richardson's LinkedIn:https://www.linkedin.com/in/premiumgrowthsolutions/

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