The Ecommerce Influence Podcast

My name is Austin Brawner, and my purpose is to help eCommerce entrepreneurs build wealth and live more fulfilled lives. You can expect weekly interviews with world-class eCommerce operators, deep dives into what's working right now, and a refreshing break from the "crush-it culture" plaguing our industry. This podcast will change your perspective on building a business, and, hopefully, change your life.

http://www.ecommerceInfluence.com

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294: From Losing $500K to Making $1MM: How Kindred Bravely Went from Bust to Booming


Losing half a million dollars in one year can be a devastating blow. Find out how this company turned things around to become the 20th fastest growing company in the US. 

Garret Ackerson is the cofounder of Kindred Bravely - a privately held company that has experienced the highs and lows associated with rocketship growth. Garret did a live training for Coalition members last fall, and I'm sharing it with you now because it’s truly a transparent and sobering look into the ups and downs of a fast-growing company.

Garret dives into the importance of knowing your numbers, making KPIs a team event, and why founders should carve out time and space to think. He also shares why he's never scared to invest in learning, how to build a flywheel, and find the right partners for your business.

If you're a founder or someone who helps eCommerce businesses grow, this episode is a must-listen.

Enjoy!

Episode Highlights
  • 4:02 How Kindred Bravely first started in 2015
  • 7:02 The KPI system Kindred Bravely uses that promotes ownership
  • 14:42 Why you should always schedule time to think
  • 16:53 Why you should never be afraid to pay for learning
  • 19:39 How to debrief and implement your learnings
  • 22:26 The only two functions of your enterprise
  • 27:30 How to start thinking and dominos and why you want should
  • 28:46 Why you need to create a flywheel
  • 34:52 What Garret’s thinking routine looks like and the questions he asks himself
  • 36:19 The first hire that Kindred Bravely made and why
  • 38:37 How to create a flywheel in Shopify
  • 43:17 The most important part of capital management
  • 47:00 Kindred Bravely’s financial reporting rhythm
  • 51:18 The best way to have successful relationships with agencies
  • 53:35 How Garret structures business goals and sprints
Links and Resources:
  • Kindred Bravely
  • The 4 Day MBA
  • Vistage
  • Dan Sullivan’s Impact Filter
  • Kolbe Index
  • Brand Growth Experts
  • The Coalition
  • @a_brawn on Twitter
  • Review or subscribe on iTunes


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 March 9, 2021  58m