Robbie Baxter shares the latest interview from Subscription Stories. In this article, she interviews Matt Fielder of Vinyl Me on beginning his business and scaling up.
What comes next, once you’ve launched your subscription model, you’ve proven that there are people who wanted what you were offering and that those people would continue to subscribe after joining?
You’re holding everything together with paper clips and duct tape, maybe with your kitchen table as global headquarters now it’s time to operationalize your business. You need a real team, systems to support your processes, and metrics to let you know how the business is doing.
I recently talked with Matt Fiedler, the Cofounder and Chairman at Vinyl Me, Please, a record of the month club and online record store, about how he grew this business from kitchen table to $15M in revenue. After launching in 2013, Matt successfully scaled Vinyl Me, Please into one of the largest direct-to-consumer vinyl retailers and one of the most admired and respected brands in music. I recently spoke with Matt about how he scaled Matt scaled Vinyl Me, Please from a labor of love for a few fellow music fans to a $15 million business, how he operationalized that business without losing the personal touch, and how he decided when the time was to step back as a founder.
Take me back to the day when you sent out your first shipment. Can you tell me what that day was like and who you were sending those early boxes to?
Key points include:
- Building credibility in a subscription business
- Challenges in acquisitions
- The promise that motivated membership
Read the full post, When & How to Scale Your eCommerce Subscription Operations with Matt Fiedler of Vinyl Me, Please, on LinkedIn.
Aneta Key was interviewed on Cloudflare’s Strategy Spotlight where they discuss how to navigate growth, change, and uncertainty to rapidly scale.
How to navigate growth is a fundamental question that underpins many of my clients’ corporate priorities, though it comes in different flavors. For example, leaders address:
- How to chart a growth strategy, align around it, and put it in place
- How to keep everyone pulling in the same direction in an organization growing in size and complexity
- How to improve operational excellence after a rapid growth phase
- How to scale operations throughout digital transformation
- How to enable growth through leadership capability building
In March 2021 I was interviewed LIVE on the Strategy Spotlight segment of Cloudflare.tv discussing scaling teams and organizations at hyper-growth companies. It was a fun conversation mixing pragmatic advice for leaders and teams with explicit definitions and geeky humor on distributed/diverse teams.
Watch the full interview, Strategy Spotlight: Scaling Best Practices, on Aedeapartners.com.
Umbrex is pleased to welcome Rashay Jethalal. Rashay has over 20 years of experience in North American financial services and a deep passion for scaling modern businesses. He had led businesses in asset management (Purpose Investments) and transaction banking (CIBC) and a proven track record of providing strategic advice in both capital markets and retail banking. He enjoys working with early stage and rapidly scaling new ventures, particularly in the fintech space. Rashay has deep acumen in growth strategy and transformation. He lives in Toronto, with his wife and two daughters, and is an avid basketball fan. In his spare time, he also enjoys angel investing.
When building a bicycle for his daughter, Azim Nagree was reminded of the importance of two key components of best practices: process and documentation.
Last week, my daughter turned 4 and I found myself, late at night, trying to build her new birthday bike. The task would have been made easier if the instructions were decent, but unfortunately, they were written poorly so I ended up just trying to figure it out myself. What should have been a one hour project ended up consuming 3 hours of my time, as well as most of my patience and sanity (why would part A connect to part F – doesn’t it make sense for A to connect to B?!?)
As I struggled with the joining the “G-Connector Bracket” to the “U-Slide” but making sure that the “Circle Washer” was in the right place, I realized how this same struggle applies to the workplace. When someone is faced with doing something for the first time, we oftentimes do not set them up for success – instead, we let them either figure it out on their own or rely upon the dissemination of tribal knowledge (i.e. they ask one of their peers who gives them verbal guidance on how to do that particular task).
Included in this article examples of:
Read the full article, How Building a Bike Reminded Me of the Importance of Scaling, on LinkedIn.