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Pete Russell

๐Ÿ‘ค Speaker
524 total appearances

Appearances Over Time

Podcast Appearances

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

I feel threatened with...

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

food security.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

And so it was easy.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

And we signed up customers quickly and we grew very quickly.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

We opened up hubs in other cities and it was going quite quick.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

But then what we found was that our sort of niche that had expanded

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

in the wake of the financial crisis started to shrink and people started to sort of forget.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

And it was always, it was more about just old habits.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

And so we had built sort of a physical infrastructure to enable us to serve a certain number of customers, but it became harder and harder to keep those customers and to get new customers to come on.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

So we really struggled.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

For years we struggled.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

We had to keep on changing our model to try to keep the revenue above the cost.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

Ultimately, it got to 2019 and the other thing that we'd realized is that we were trying to do two things at once.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

We were trying to build software to make this business more efficient and stay relevant in changing times.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

And we were trying to run these operations where we had forklifts and cool rooms and stuff and logistics and vans breaking down in the middle of the night.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

And we just didn't have bandwidth to do both of them well.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

And so it was in 2019 that I actually moved from Down Under here to the UK.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

My wife's from the UK.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

And that's when we completely shifted our model.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

And we said, right, we're letting the hard logistics side