The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs

036: We Built a $20 Million Soda Company in 5 years


Listen Later

In this episode, we'll be delving into the journey of Olipop's founders, Ben Goodwin and David Lester, and uncovering the three fundamental principles that propelled their success.


First, we'll explore the principle of Innovation and Market Perception, understanding how Olipop identified a unique opportunity in the declining soda market and turned it into a thriving business. Then, we'll delve into the concept of Persistence and Learning from Failure, showcasing how Ben and David's ability to adapt and evolve after initial setbacks led to their ultimate triumph. Lastly, we'll discuss the significance of a Customer-Centric Approach, emphasizing the crucial role customer feedback and product quality played in Olipop's meteoric rise.

Introduction:

  • Introducing the episode topic: The inspiring success story of Olipop, a prebiotic soda company that defied the odds and became a multi-million dollar sensation.
  • Previewing the key principles to be discussed: Innovation and Market Perception, Persistence and Learning from Failure, and a Customer-Centric Approach.

Segment 1: Innovation and Market Perception

  • Exploring how Olipop identified a unique opportunity in the declining soda market.
  • Discussing the founders' ability to think differently and innovate in a saturated industry.
  • Emphasizing the importance of staying curious and thinking outside the box in business endeavors.

Segment 2: Persistence and Learning from Failure

  • Examining Olipop's journey from initial setbacks with Obi to their eventual success.
  • Discussing the founders' resilience and their ability to adapt, evolve, and learn from failures.
  • Highlighting the significance of embracing failure as a learning opportunity and being open to pivoting strategies.

Segment 3: Customer-Centric Approach

  • Analyzing how Olipop prioritized customer feedback and tailored their products to meet consumer expectations.
  • Discussing the active listening strategies employed by Olipop, such as surveys and social media engagement.
  • Emphasizing the role of superior product quality in building customer trust and loyalty.

Conclusion:

  • Summarizing the key takeaways: the importance of innovation, persistence, and a customer-centric approach in business success.
  • Encouraging listeners to apply these principles to their own entrepreneurial ventures.
  • Teasing upcoming episodes and encouraging listeners to stay tuned for more inspirational stories and valuable business insights.
...more
View all episodesView all episodes
Download on the App Store

The Koerner Office - Business Ideas and Small Business Deep Dives with EntrepreneursBy Chris Koerner

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

203 ratings


More shows like The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs

View all
The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

The Smart Passive Income Online Business and Blogging Podcast

3,454 Listeners

The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

The Side Hustle Show

1,581 Listeners

Startups For the Rest of Us by Rob Walling

Startups For the Rest of Us

699 Listeners

Niche Pursuits Podcast: Find Your Next "Niche" Business Idea! by Spencer Haws: NichePursuits.com

Niche Pursuits Podcast: Find Your Next "Niche" Business Idea!

190 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

577 Listeners

Noah Kagan Presents by Noah Kagan

Noah Kagan Presents

902 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,426 Listeners

My First Million by Hubspot Media

My First Million

2,643 Listeners

Acquisitions Anonymous - #1 for business buying, selling and operating by Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

Acquisitions Anonymous - #1 for business buying, selling and operating

244 Listeners

Acquiring Minds by Will Smith

Acquiring Minds

255 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

203 Listeners

The UpFlip Podcast by UpFlip

The UpFlip Podcast

253 Listeners

Marketing Against The Grain by Hubspot Media

Marketing Against The Grain

355 Listeners

Moneywise by Hampton

Moneywise

651 Listeners

BigDeal by Codie Sanchez

BigDeal

787 Listeners