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Post 18 — Transforming your business, Packaging
Jim and his team had pivoted most of their sales effort from retail to on-line. They’d tested and formulated new direct to consumer...
Eliot Axelrod
Mar 12, 20211 min read
Post 19 Transforming your business - Knitting things together
Jim’s company had successfully tried out new online sales campaigns and the results were good! Fulfillment problems began as sales grew....
Eliot Axelrod
Mar 11, 20211 min read
Post 20 Transforming your business — Becoming Agile
The little company had weathered the COVID19 storm. Though Jim had originally planned to sell the bulk of his product through retail, the...
Eliot Axelrod
Mar 10, 20211 min read
Post 21 Transforming Your Business - Becoming Agile 2
The little company had learned to survive without depending on a distributor or the retail channel. They had learned how to fulfill...
Eliot Axelrod
Mar 9, 20211 min read


Part 2 Post 1
2020 had delivered challenges. The company’s retail strategy had been killed by the pandemic. Depending on a manufacturer that hit supply...
Eliot Axelrod
Mar 7, 20211 min read


Part 2 Post 2
Can we save our way to success? ( Choices: Cut costs now — Maintain— Keep planning) Although the company had done a good pivoting their...
Eliot Axelrod
Mar 6, 20211 min read


Part 2 Post 3 - Entrepreneurial Journey
Reviewing costs and choices (Reduce costs Now, Don’t, Maybe Reduce Costs) The company’s founder Jim searched for cost savings in an...
Eliot Axelrod
Mar 5, 20211 min read


Post 4. Do we stay or do we grow now? (Stay, Go, Defer)
The entrepreneur reviewed the plans with Adam and Sharon. Cutting costs wasn’t going to scale the company. Jim met the team online after...
Eliot Axelrod
Mar 4, 20211 min read


Part 2 - Post 5 – Talking to the Angel Part 1 (Choices: Invest, Don’t Invest, Defer)
At the last video meeting, Adam and Sharon looked tired and might leave. Jim, looked for capital to scale the business and potentially...
Eliot Axelrod
Mar 3, 20211 min read


Part 2 Post 6 Show me the money (collateral)
Banker’s options – Yes, No, Maybe to a loan Jim talked with a potential angel investor and been turned down. He decided to talk to his...
Eliot Axelrod
Mar 2, 20211 min read


Part 2 - Post 7 – Hidden Figures (Yes, No, Maybe)
Mike J.’s Options – Yes, No, Maybe to investing in the business Mike J., an angel investor, talked with many small companies. Some were...
Eliot Axelrod
Mar 1, 20211 min read


Part 2 — Post 8 No Collateral, No Loan (Yes, No, Maybe)
Jim’s banker liked him but there was no basis for a loan. Even prior experience didn’t justify consideration. The business was well...
Eliot Axelrod
Feb 28, 20211 min read


Post 9 What should the numbers be? (Fix it — Wait — Kill it)
Jim was uncomfortable putting up his personal assets for a bank loan. He was not going anywhere with a notable angel investor, Jim...
Eliot Axelrod
Feb 27, 20211 min read


Post 10–How do we scale? (Invest more — Sell it — Kill it)
Jim choice is to fix the business. He has a number in his head 25% sales growth, that he believes will change the investor’s decision,...
Eliot Axelrod
Feb 26, 20211 min read


Post 11 –Success is relative (Discount, Wait, Drop a product)
Jim hoped to discount and social media would increase unit sales and revenue. He believed it would strengthen his case for investment and...
Eliot Axelrod
Feb 25, 20211 min read


Post 12 –2nd Conversation with an Angel – (Invest, Don’t Invest, Wait)
The little company had added two new products. One was profitable and selling well, the other died. Old product sales have scaled up but...
Eliot Axelrod
Feb 24, 20211 min read


Post 13 The Angel Investor’s frustration (Invest, Don’t Invest, Wait)
Mike J., the angel investor, reached out to check on Jim. He explained that if he detected progress, there could be an investment. Jim...
Eliot Axelrod
Feb 23, 20211 min read


Post 14 — Focus on Profit (Raise Prices, Don't, Wait)
Jim was frustrated after talking with Mike J., the investor. Mike had asked about customer acquisition costs and Jim’s strategy. Jim...
Eliot Axelrod
Feb 22, 20211 min read


Post 15 — Scaling Again (Charge, Discount, Wait)
Jim realized Mike J. would not invest without a winning profitable strategy. Charging more, maybe for shipping, was vital to being...
Eliot Axelrod
Feb 21, 20211 min read


Post 16 Getting more money (Yes, No, Maybe to loyalty programs)
Jim reassured the team that he still was willing to fund the business for the moment. He asked for ideas that could build profit as well...
Eliot Axelrod
Feb 20, 20211 min read
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