How I Built This with Guy Raz

Advice Line with Pete Maldonado of Chomps (April 2024)

Jul 18, 2024

Pete Maldonado, co-founder of Chomps, shares invaluable insights on scaling businesses with early-stage entrepreneurs. Jennifer Ballin seeks advice on expanding her sourdough bagel business while considering franchising. Brandi Shelton discusses entering big-box retail without losing her brand's essence. The conversation highlights partnership strategies, the intricacies of retail pricing, and the importance of storytelling for brand growth. It's a treasure trove of practical tips for aspiring food entrepreneurs on navigating the competitive landscape.

51:44

Episode guests

Brandi Shelton

Jennifer Ballin

Peter Maldonado

AI Summary

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Consider direct-to-consumer sales for business stability amid price fluctuations.

Initiate partnerships with local businesses before pursuing big retailers to showcase products.

Create engaging content and leverage social media to attract customers and showcase product quality.

Deep dives

Focus on Building a Direct-to-Consumer Strategy

Consider exploring direct-to-consumer sales to stabilize your business amid volatile salmon prices. Utilize your knowledge to sell directly to consumers, starting with your community in Utah.

Intro

2min

Exploring Entrepreneurial Challenges Through Advice Line

2min

Building Retail Partnerships and Bagel Business Insights

8min

Franchising and E-Commerce Strategies for a Bagel Business

6min

Navigating the Dairy Industry: Unique Flavors and Strategic Growth

4min

Exploring Business Growth and Partnership Opportunities

5min

Brewing Success: The Journey of Just Add Honey

11min

Leveraging Brand Storytelling and Navigating Market Strategies

6min

Launching a Fish Business in Utah

12min

10.

Building a Customer Base: Persistence and Boldness in Entrepreneurship

5min

In case you missed it, we’re rerunning one of our first Advice Line episodes. Chomps co-founder and co-CEO Pete Maldonado joins Guy to answer questions from three early-stage entrepreneurs about growing their businesses.

In this episode, we’ll meet Jennifer, a sourdough bagel slinger thinking about taking on 'big cream cheese.' Then Brandi, a tea shop owner hoping to bring her blends to big box retailers. And finally, Jake, an Alaska native trying to bring fresh wild salmon to Utah…even if he has to knock on every door north of Salt Lake.

If you’d like to be featured on a future Advice Line episode, leave us a one minute message that tells us about your business and a specific question you’d like answered. Send a voice memo to hibt@id.wondery.com or call 1-800-433-1298.

And check out how Pete and his partner Rashid scaled the Chomps brand, from his first appearance on the show last year.

This episode was produced by J.C. Howard with music by Ramtin Arablouei. It was edited by John Isabella. Our audio engineer was Gilly Moon.

You can follow HIBT on Twitter & Instagram, and email us at hibt@id.wondery.com.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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How I Built This with Guy Raz

Advice Line with Pete Maldonado of Chomps (April 2024)

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Focus on Building a Direct-to-Consumer Strategy

Establish Partnerships with Local Restaurants and Farmer Markets

Utilize Content Creation and Promotion

Start with Networking and Knocking on Doors

Consider Value-Added Products and Partnerships

Remember Everything You Learn from Podcasts