45 min listen
438: How Nick Mowbray Built ZURU into a Multibillion-Dollar Toy Company
438: How Nick Mowbray Built ZURU into a Multibillion-Dollar Toy Company
ratings:
Length:
56 minutes
Released:
Dec 10, 2022
Format:
Podcast episode
Description
Mowbray is the co-founder of ZURU Toy Co., ZURU Edge, ZURU Tech, and Rhodes Pet Science. In 2018, he was named Entrepreneur of the Year in his home country, New Zealand, and he’s listed in the World Entrepreneur Hall of Fame. He and his siblings, co-founders Mat and Anna, are worth more than $3 billion, while the company revenue was north of $2 billion AUD in 2022. Despite their success, the siblings didn’t go into the toy business with a deep knowledge of business or manufacturing. In fact, they didn’t even know much about toys. They just had one hot air balloon model, a lot of hustle, and a willingness to learn from their mistakes.
Listen to Nathan and Nick discuss:
How a childhood hot air balloon model inspired the business
Borrowing $20K from his parents to relocate to Hong Kong
The growing pains of the early days and learning through failure
Their first toy megahits, Robo Fish and Bunch O Balloons
Running a lean business using automation and no inventory
The company’s 2% improvement philosophy
The brainstrust business practice
Working alongside his siblings
And much more scrappy business growth advice...
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Listen to Nathan and Nick discuss:
How a childhood hot air balloon model inspired the business
Borrowing $20K from his parents to relocate to Hong Kong
The growing pains of the early days and learning through failure
Their first toy megahits, Robo Fish and Bunch O Balloons
Running a lean business using automation and no inventory
The company’s 2% improvement philosophy
The brainstrust business practice
Working alongside his siblings
And much more scrappy business growth advice...
Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode.
Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.
Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now...
For more Foundr content, follow us on your favorite platform:
Foundr.com
YouTube
Magazine
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Dec 10, 2022
Format:
Podcast episode
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