July 4, 2024

Fishing for the Right Business

On this episode of the Gross Profit Podcast, James Kennedy sits down with Joseph Lee, Co-Founder and CEO of Supademo. They explore Joseph’s entrepreneurial journey from launching a direct sales seafood business to pivoting to an online marketplace amid the pandemic.
The Gross Profit Podcast
The Gross Profit Podcast
Fishing for the Right Business
Loading
/

Show Notes

Welcome back to the Gross Profit Podcast! In today’s episode, “Fishing for the Right Business,” host James Kennedy dives into a captivating conversation with Joseph Lee, Co-Founder and CEO of Supademo. They explore Joseph’s entrepreneurial journey from launching a direct sales seafood business to pivoting to an online marketplace amid the pandemic.

About Joseph Lee: Joseph Lee is the entrepreneurial mind behind Supademo, a platform that revolutionized the seafood industry by transitioning from traditional sales methods to an innovative online marketplace. This shift not only sustained the business during challenging times but also spurred significant growth. Joseph’s journey is marked by a series of adaptive strategies and learning from both successes and failures.

What You’ll Learn:

  1. Navigating Business Pivots: Insights into how Joseph transitioned from a direct sales model to an online marketplace, adapting to new business realities.
  2. Learning from Failures: Joseph discusses the importance of resilience and the valuable lessons learned from setbacks.
  3. Building a Strong Team and Culture: Strategies for hiring the right people and fostering a company culture that supports growth and innovation.

Episode Highlights:

  • “Joseph, can you walk us through the initial concept of your seafood business and what prompted the pivot to an online marketplace?”
  • “What were some of the key lessons you learned from early challenges in your business?”
  • “How do you approach hiring, and what qualities do you look for to maintain a strong company culture?”

Beyond his role at Supademo, Joseph is passionate about mentoring other entrepreneurs and is actively involved in various business networks where he shares his experiences and insights. His story is a testament to the dynamic nature of entrepreneurship and the critical importance of adaptability and team building.

This podcast is tagged under:

The Gross Profit Podcast

More Episodes

Merushka Chetty

Iberly Abreu – Inside Turks and Caicos: How Resort Purchasing Really Works

In this episode, James Kennedy chats with Iberly Abreu, Purchasing Manager at South Bank (part of Grace Bay Resorts, Turks & Caicos). Iberly shares her path from FedEx and hotel operations to running purchasing for a luxury, guest-obsessed island resort. We dig into import-dependent supply chains, inventory discipline, and the realities of sourcing everything from linens to last-minute kosher items – plus how ProcurementExpress.com streamlines approvals, budgets, CapEx, and contingency spend in a fast-moving hospitality environment.

Listen Now »
Merushka Chetty

Donny Mashiach – CFO Reveals His 90% Client Win Rate Secret

James Kennedy sits down with Donny Mashiach, founder of Warrior GP, to unpack how he’s importing an investment-banking “deal team” model into the fractional CFO world. Donny shares how he consistently closes prospects with a pre-work, presentation-led pitch, how he aligns incentives so everyone wins, and a concrete case study where he unlocked $750k of cash by fixing inventory turns at an eCommerce retailer. They also touch on walking away from “wrong” venture terms, seasonality planning, and why founders should expect their exit to feel personal – and stressful.

Listen Now »
Merushka Chetty

Scott Geller – The Staffing Business Cash Flow Death Trap (And How to Escape)

In this episode, James Kennedy sits down with Scott Geller, CEO of Path Predict LLC and fractional CFO, to unpack the nuts and bolts of running and scaling staffing firms. Scott explains why staffing is really two sales pipelines (candidates and clients), how cash flow can get crushed by weekly payrolls and 30–90 day receivables, and the practical levers owners can pull – pricing, margins, funding – to stay liquid and grow. He also shares a venture story: guiding a COVID-era sports-tech startup past a so-so VC offer to a stronger strategic exit by building runway, discipline, and options.

Listen Now »