20 min 34 sec
We’ve seen it time and time again — entrepreneurs build a business driven by an existing passion for a product or service. They then leverage that knowledge of an industry’s pain points to find new and exciting ways to innovate within it. But we’ve also heard stories of the exact opposite. The entrepreneurs with absolutely no industry experience that fight tooth and nail to break into a market they know nothing about.The cofounders of Blk & Bold fall into that latter camp, building an online coffee company with zero knowledge of coffee roasting, no experience making a D2C website, and a nearly nonexistent interest in specialty coffee.They dove into their industry blind, but they saw a market gap ripe with opportunity - an opportunity that could not only drive business value but create meaningful social impact. “We knew we wanted to do good,” Rod Johnson says. “We didn't want to just build a business to line our pockets and go sit on a beach and drinking drinks with umbrellas. We want to do something else. We want to make sure that we can have profound impact. We just didn't know profound would manifest into working with Ben and Jerry's and Congresswoman and Corey Bush. That was definitely not on my vision board. And I just want to continue to avail myself to be a servant making black and bold a servant to those opportunities.” Johnson is the Co-founder of BLK & Bold. Before founding the company, he admits to preferring tea over coffee, but when his friend — and now co-founder — came to him with an idea for a new kind of coffee company, Rod knew it was a vision he couldn’t ignore. So how did Rod and his co-founder break into the 102 billion dollar US coffee market with no knowledge of the industry? How did they make Blk & Bold stand out among competitors? And how have they turned their own experiences growing up into a social good mission that’s impacting the nation? Find out all that and more on today’s episode of The Journey.Main Takeaways:Create Synergy with other Do-Good Brands: Serving the community and giving back through your business can result in unforeseen benefits, including the opportunity to work with other great brands that care. There is a lot of synergy behind building a community around doing good, and when you partner with others, your reach is expanded exponentially. Natural Curiosity Can Compensate for Know-How: Even if you’re not an expert in a field that you’re interested in starting a business in, you can still do it! Interest and curiosity will take you down all of the right rabbit holes to fill in your knowledge and become a subject matter expert in your industry. Plus, experimentation will allow you to learn by doing, and maybe even find a way of doing something that no one else in the industry has thought of because they have blinders on.Unseen Value of Long-standing Co-founder Relationships: The depth that comes from having a long-standing relationship with your co-founder can really come into play and shine when times are tough. A deeper personal understanding as to how the other person deals with unforeseen circumstances or hiccups can lead to better advice, powerful encouragement, and quicker solutions.---This season of the Journey is produced by Mission.org and brought to you by UPS. To learn how UPS can help your small business, go to UPS.com/pivot.