Scott Allan, CEO of Hydro Flask, a consumer product company that he guided from $2 million in sales to $100 million in a four-year period (2012-2016), is a story worth telling.

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“Bend”ing Rules

Pete Ozolin; peter@achieve-one.com

31 episodes

1 week ago

It is difficult to choose the entrepreneurial and risk-taking path. I made that decision, and after a lot of mistakes, I eventually found a balanced life that resulted in more time with family, friends, and the community. This podcast will focus on the lessons and experiences of successful (and sometimes not-so-successful) entrepreneurs and rule-breakers who have endured along their journeys and found positive outcomes—whose efforts were the result of deliberate approaches, not those of starry-eyed 'unicorns,' but rather committed, determined company builders and visionaries.

Entrepreneurship

Business

RSS

All content for “Bend”ing Rules is the property of Pete Ozolin; peter@achieve-one.com and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Entrepreneurship

Business

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Scott Allan, CEO of Hydro Flask, a consumer product company that he guided from $2 million in sales to $100 million in a four-year period (2012-2016), is a story worth telling.

“Bend”ing Rules

1 hour 31 minutes 32 seconds

12 months ago

Scott Allan, CEO of Hydro Flask, a consumer product company that he guided from $2 million in sales to $100 million in a four-year period (2012-2016), is a story worth telling.

Intro: Scott Allan, Former CEO of Hydro Flask, a consumer product company that he guided from $2 million in sales to $100 million in a four-year period (2012-2016), is a story worth telling. Many aspects of Scott’s and his team’s journey are obviously impressive, but what I enjoyed most was his candor about the challenges, if not failures, he faced along the way. His background as a technology executive, where he spent most of his professionalcareer, was relevant to Hydro Flask’s success, if not an advantage in running a consumer product company. In March 2016, Helen of Troy Limited purchased HydroFlask for $210 million.

Scott Allan retired in March 2020, stating, "The goals that I initially aspired to accomplish have largely been achieved.” He continues to be active in advising and investing, with a particular emphasis on consumer brands and outdoor-oriented products and services.

I hope you enjoy the interview. Thanks again, Scott, for taking the time to give back and share your journey.

As a reminder, I am terrible at marketing, but if you like what you hear and are learning please follow and share the pod. I am now also making content available on a youtube channel (Bending Rules) where “shorts” will be shared to codify some of the instructive remarksof pod guest, if one is not inclined to listen to a whole episode😊. Let's help as many entrepreneurs as possible, also, my advertisers will appreciate it. Wait a minute, what advertisers? :)

Onward ~

2:54 – Transition from technology companies to consumer product company

5:45 – Early influences and entrepreneurial spirit

11:50 – Lessons from crisis management

17:46 – Setbacks as a tech leader/lessons

29:51 – Is it better to be “overcapitalized” or “undercapitalized”

39:55 – Crisis Management Again!

45:36 – Hyrdo Flask Journey: growth mindset

59:45 – Navigating early crises and building company values

1:02 – Scale challenges

1:10 – Building a brand and advisory board

1:19—When to develop leaders, and when not to

1:22 – Ongoing contributions to outdoor community brands and products