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The $100K Risk That Made $1 Million + Caught Costco’s Attention

The $100K Risk That Made $1 Million + Caught Costco’s Attention

FromCubicle to CEO


The $100K Risk That Made $1 Million + Caught Costco’s Attention

FromCubicle to CEO

ratings:
Length:
49 minutes
Released:
Apr 22, 2024
Format:
Podcast episode

Description

You don't need to break the bank to boost your business! Check out the 33 FREE resources available to you in Freebie Fest Vol.2: http://ellenyin.com/freebiefestv2Are you misallocating your company’s resources on a product that’s stunting your growth? Today’s case study investigates this dilemma.Michelle Razavi, CEO and co-founder of the gut-friendly food company, Elavi, recently faced this roadblock head on. After successfully launching the company in 2020 with collagen protein bars, she made the tough decision to cut this entire product line - giving up $100,000 in guaranteed revenue in the process - in favor of going all-in on their new (and more promising) product line of dessert cashew butter spreads.Mere months later, Elavi’s dessert butters were picked up by retailing giant Costco, AND they’re now on track to generate $1M this year!It's not easy to let go of something you poured your heart into, but what if doing so could open the door to a new, million-dollar opportunity? Michelle walks us through how she came to this decision, the pitching strategy that got Costco’s attention, and why this pivot 10Xed their revenue.View the transcript for this episode at: https://otter.ai/u/CfwABqgKFSAv4mxpNEJG4sUUnh8?utm_source=copy_urlConnect with Michelle:www.elavi.coIG: @heyelaviIG: @michellerazaviListen to our SXSW episode: https://link.chtbl.com/TjDOGQaoIconic business leaders all have their own unique genius. Take this quick 10 question quiz to uncover your specific CEO style advantage: https://ellenyin.com/quizIf you enjoyed today's episode, please:Post a screenshot & key takeaway on your IG story and tag me @missellenyin & @cubicletoceo so we can repost you.Leave a positive review or rating at www.ratethispodcast.com/cubicletoceoSubscribe for new episodes every Monday.Join our C-Suite membership to get bonus episodes! Check out everything our members get at https://ellenyin.com/csuite
Released:
Apr 22, 2024
Format:
Podcast episode

Titles in the series (100)

Cubicle to CEO® brings you weekly case-study interviews with leading entrepreneurs and CEOs who share a SPECIFIC revenue growth strategy that has already been successfully tested in their own business. Skip the expensive and time-consuming learning curve by borrowing what actually works from the best & brightest business mentors every Monday, including host Ellen Yin - who bootstrapped a $300 freelance project into over $1.5 million in revenue by age 27.