Pivoting for Success: How One Startup Food Brand Drove Rapid Growth by Being Quick on its Feet
The pivot.
It’s a term coined by Eric Ries in his bestselling book, The Lean Startup, and has been part of the entrepreneurial dialogue ever since. It refers to the ability to abruptly and quickly change the direction of your business when the need arises. For CPG startups, the ability to pivot is essential, as they regularly face rapidly-shifting consumer trends, market and supply chain fluctuations and the varying demands of buyers.
Joseph Trousdale, Founder and COO of Houston, Texas-based food brand PhoLicious, has had a crash course in pivoting over the past few years, and it’s his ability to adapt and change at a lightning pace – both in life and business – that has led to his astonishing success as a new entrepreneur. PhoLicious makes authentic Vietnamese pho that can be prepared in minutes at home and has only been in existence for two years, yet has already landed deals with Walmart, Sam’s Club, QVC and Sysco.
“Being able to think on your feet and solve issues that come up without getting discouraged is essential in this business,” says Trousdale. “As entrepreneurs, we’re always going to have roadblocks, but you have to have that jackhammer in your back …
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