From 3 Orders a Day to $300 Million in Revenue: Scaling Accounting at PopSockets
Earmark Podcast | Earn Free Accounting CPE · Blake Oliver, CPA
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Show Notes
In this episode of the Earmark Accounting Podcast, Blake talks with Stacey Feldman, CPA, about her experiences in the world of CPG and accounting at PopSockets. They look at the challenges of scaling a startup, from tracking components in a supply chain to accounting for inventory costs. Stacey also reveals insights around simplifying supply and the importance of real-time data for accurate accounting.
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Chapters
- (00:00) - Preview: The importance of merging accounting and finance
- (00:44) - Earn Free CPE
- (01:05) - Welcome Stacey Feldman to the show
- (04:06) - Stacey's career path in the CPG industry
- (11:16) - What was the first big challenge that you had to solve in accounting for Pop Sockets?
- (15:05) - What did you map with the supply chain?
- (25:35) - What put PopSockets on the map and scaled the brand?
- (28:16) - What is FBM?
- (28:49) - How did you do all the accounting for PopSockets? What tools did you use?
- (36:54) - PopSockets 14 Million Dollar mistake
- (42:14) - What lessons have you learned regarding customer discounts?
- (47:44) - Differences between full manufacturing and light manufacturing
- (53:57) - What other cutting edge technology or interesting tech is Sunday using?
- (01:03:45) - Wrap up and how to connect with Stacey
Connect with Our Guest, Stacey Feldman
LinkedIn: https://www.linkedin.com/in/feldmanstacey/
Learn more about Full Send Finance
https://www.fullsendfinance.com/
Connect with Blake Oliver, CPA
LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/