In this conversation, Chad Janis shares his journey from investment banking to entrepreneurship, detailing his experiences in the consumer goods sector and the founding of Grüns. He discusses the importance of understanding consumer behavior, managing customer acquisition costs, and the challenges of scaling operations. Chad emphasizes the significance of team culture and the need for innovation in product development, particularly in the supplement industry. He also shares insights on financing growth and maintaining quality and trust in a competitive market.
Chapters:
00:00 Introduction
04:03 The Entrepreneurial Mindset - Insights from Chad's Background
08:44 Understanding Consumer Behavior - Lessons from Investment
14:00 Customer Acquisition Costs - The Key to Sustainable Growth
20:41 Balancing LTV and CAC - Strategies for Success
28:21 Product Development - Crafting the Perfect Gummy
36:16 Scaling Challenges in Operations
42:46 The Importance of Operational Backbone
50:07 Rapid Growth Strategies
57:17 Navigating the Supplement Industry's Challenges
01:03:01 Navigating Quality and Safety in Supplements
01:08:28 Financing Strategies for Sustainable Growth
01:15:34 The Importance of Control in Business
01:27:13 Building a Strong Team for Long-term Success
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