When a business is struggling with multiple revenue streams, the best strategy is to simplify. By cutting underperforming or noisy channels, you can amplify your focus on the one or two profitable areas. This distillation creates the clarity needed to stabilize and eventually rebuild the business.
Persisting with a difficult, authentic, and more expensive production process, like using fresh ingredients instead of flavorings, is not a liability. It is the very thing that builds a long-term competitive advantage and a defensible brand story that copycats cannot easily replicate.
Early-stage founders, especially those who are analytically minded, must resist the comfort of spreadsheets and data. The most crucial activity is direct engagement and selling, even if it feels uncomfortable. No amount of analysis can replace the impact of the founder personally championing the product.
For a solo founder, documenting the brand's voice, tone, and strategy into a 'brand bible' or playbook is a critical pre-hiring step. This living document ensures that even a temporary or part-time hire can operate authentically, minimizing missteps and accelerating their impact.
Counterintuitively, focusing on a single, powerful SKU can be more effective for initial growth than launching a full product line. It simplifies your message, makes you attractive to distributors who value efficiency, and builds a strong customer base before you introduce new offerings.
Eliminating a popular and profitable product line can be a wise long-term strategy. If a product, even a bestseller, creates brand confusion or pulls focus from your core vision, cutting it can strengthen your primary brand's identity and lead to more dedicated growth.
If your product category becomes commoditized, redefine your business around your core expertise. A kombucha maker isn't just selling a drink; they are in the 'probiotics' or 'gut health' business. This strategic reframing can unlock higher-margin opportunities like consulting and R&D.
