341. I Didn't Make the Decision. I Still Paid for It.

SEP 29, 202616 MIN

Description

341. I didn't make the decision. I fought against it. And I still paid for it dearly. Years ago, I helped build a mission-driven CPG company that I believed could make a meaningful difference. I put my consulting practice on hold. I invested my savings, retirement money and eventually credit cards. I built the website, sales materials, pitch decks and helped fund the work required to get the business moving. Then a financing decision I had fought against moved forward without me. My ownership went from 47% to less than 8%. Another planned round could have taken it below 2%. I went from believing I would help lead the company to being locked out of the business I had helped build. I knew CPG. I knew retailers, category management, shoppers, data, sales and execution. What I didn't know yet was this part of being a founder. I learned it in one of the most expensive ways imaginable. This is the first time I have shared the full story publicly. It explains why extending runway, asking better questions and helping challenger brands avoid expensive mistakes became so personal to me. It also explains something I call Retail Judgment. Use the data. Use the software. Use AI. Use experts. Just don't outsource your judgment. In this episode, I share the Retail Decision Stress Test I use to pressure-test an important decision through five lenses: the data, the shopper, the retailer, the economics and the execution. Then I ask the question that can change everything: What would change my decision? You don't need a perfect business. You need to make the next controllable thing a little better, learn from it and do it again. That is how you build Retail Muscle. If you have already paid for an expensive business or retail lesson, I would love to hear it. What do you wish somebody had told you sooner? And if a founder you know is struggling with something we have already covered, don't send them 341 episodes. Send them the one they need. Start with the problem in front of you: RetailSolved.com/start Episode 341 show notes + Founder Problem Finder: RetailSolved.com/session341 Chapters 00:00 I Didn't Make the Decision. I Still Paid for It. 01:37 The Company I Bet Everything On 02:53 I Did What Founders Are Taught to Do 03:24 What Happens After Yes? 04:01 The Deal I Fought Against 04:44 Having the Right to Fight Isn't Enough 05:54 Why I'm Sharing This Story Now 07:11 The More Badly You Need the Deal, the Less Leverage You May Have 07:25 Runway Gives You Options 08:43 I Had the Resume. I Didn't Have the Scar Tissue. 09:11 When the Model Missed the Bigger Business Question 11:19 Don't Outsource Your Judgment 11:45 Why I Started This Podcast 12:50 The Retail Decision Stress Test 13:42 What Would Change My Decision? 14:38 Sometimes You Need to Look Again 15:19 Learn the Expensive Lesson Before Your Brand Pays for It 16:16 Start With the Problem