Ep 587: Co-Founder Of Chubbies - How To Scale Operations in 2024 with Kyle Hency, GoodDay Software
The challenges of managing expansive inventories and supply chains, and how Good Day simplifies these complexities for larger brands moving away from spreadsheet-based operations. Plus, hear about the rise of social commerce, the significance of differentiated products, and the evolving landscape of e-commerce versus physical retail.
In this episode, Jordan West with guest Kyle Hensey, co-founder and former CEO of Chubbies, now a pioneer in e-commerce solutions with Good Day Software. Kyle shares his insights on the Pendulum Effect in business trends, emphasizing the importance of preparing for aggressive growth in the next few years while ensuring strong unit economics. We also tackle the debate between using Shopify and traditional ERP systems like NetSuite, with Kyle highlighting how Good Day Software bridges the gap by offering complex operational tools with user-friendly interfaces.
Listen and learn in this episode!
Key takeaways from this episode:
ERP Transition Skepticism:
Brands, especially Shopify-based, are hesitant to shift to traditional ERP systems like NetSuite due to their complexity and lengthy implementation.Shopify vs. Traditional ERP:
Shopify is easy to set up, while ERPs like NetSuite require significant time and resources to implement.Good Day's Solution:
Good Day offers powerful tools with simple interfaces, seamlessly integrated with Shopify, reducing the need for custom engineering and speeding up implementation.Inventory and Supply Chain Management:
Good Day provides strong solutions for managing inventory and supply chains across multiple channels.Rising Social Commerce:
Social commerce, through platforms like TikTok Shop and YouTube Shopping, is growing, similar to trends in Asian markets.Simplified Operational Tools:
Inspired by companies like Apple and Tesla, the goal is to simplify complex tasks for more efficient growth.DTC vs. Physical Retail:
Balancing ecommerce and in-person shopping is crucial as physical retail remains important for social and entertainment experiences.Entrepreneurial Risk-taking:
Young entrepreneurs are encouraged to take risks and trust themselves, emphasizing the value of starting early despite uncertainties.Building a Market Alternative:
Creating a comprehensive alternative to market-leading ERPs requires long-term commitment.
Today’s Guest:
Kyle Hency, the co-founder and former CEO of Chubbies, a company famed for its "most radical shorts on the planet." Currently, he serves as the Chief Strategy Officer at Solo Brands and is heavily involved with Good Day, a software solution focused on optimizing operational complexities for e-commerce brands. Kyle brings a wealth of experience in scaling businesses, integrating retail strategies, and leveraging technological solutions to enhance growth and efficiency within the ecommerce sector.
Recommended Apps/Tools:
GoodDay Software: https://www.gooddaysoftware.com/
Netsuite: https://www.netsuite.com/
Growth Plan: www.upgrowthcommerce.com/grow
Million Dollar Offers: www.upgrowthcommerce.com/grow
In this episode's sponsor is Revenued - is a financial technology company that provides businesses with revenue-based financing solutions. Instead of relying on credit scores or collateral, Revenued offers funding based on a company's revenue. This allows businesses to access capital quickly and repay it as they generate income.
Learn more here: Revenued
Get 5 Offers for 2 Products (10 in total) along with 10 highly engaging tried and true creatives, 30 captivating headlines, descriptions, and ad texts sent to you for only $99. Go to https://www.upgrowthcommerce.com/offer and order now - this offer is only available for a limited time.
We love our podcast community and listeners so much that we have decided to offer a free eCommerce Growth Plan for your brand! To learn more and how we can help, click here: upgrowthcommerce.com/grow
Join our community and connect with other eCommerce brand owners and marketers!
