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Invest Like the Best with Patrick O'Shaughnessy

Kat Cole – How to Operate: Lessons in Brand, Distribution, and Leadership - [Invest Like the Best, EP.184]

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Investing, Business, Technology

4.82.4K Ratings

🗓️ 28 July 2020

⏱️ 78 minutes

🧾️ Download transcript

Summary

My guest today is Kat Cole, the COO and president of North America for Focus Brands, which owns famous companies like Cinnabon, Carvel, Jamba, and more. Kat’s story and career trajectory are remarkable, as are the lessons she’s picked up along the way which she shares with us all in this conversation. We discuss negotiation, distribution, brand building, brand extension strategies, and leadership. I always enjoy having a true operator on the show, so I was very excited to discover Kat and her thinking. Please enjoy this great conversation.

This week’s episode is sponsored by Bottomless. Bottomless is a smart coffee subscription which automatically re-orders coffee for you based on your consumption habits.

Bottomless is offering one month and your second bag of coffee for free at bottomless.com/patrick.

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club and new email newsletter called “Inside the Episode” at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

Show Notes

(2:13) – (First question) – Her call to prayer

(2:16) – Kat Cole on Pomp’s podcast

(5:20) – Her positivity lens

(7:59) – Applying that positivity lens in business

(13:34) – How to show positivity in early interactions with someone

(17:37) – Overview of Kat’s career

(21:03) – Lessons learned building brands

(27:11) – Changing relevance or differentiation within a brand

(32:34) – Keeping a brands dominant position in people’s minds

(36:00) – The power of franchising and shared commitment

(40:50) – How her experience makes her a better investor

(42:55) – Lessons around distribution

(46:24) – Effectively negotiating and getting your fair share in a partnership

(52:49) – Attributes of a brand that get Kat most excited

(56:34) – Transferring her brand lessons to software and tech companies

(59:09) – Biggest lessons in leadership she’s learned

(1:04:13) – Checking In: the power of intention, reflection, and action to be your best and help others do the same

(1:05:18) – Most effective questions in her check-ins

(1:06:29) – Personal check-ins vs professional check-ins

(1:10:44) – Balancing gratitude and ambition

(1:14:37) – The kindest thing anyone has done for Kat

Learn More

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club and new email newsletter called “Inside the Episode” at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

Transcript

Click on a timestamp to play from that location

0:00.0

This week's episode is brought to you by Bottomless.

0:02.2

Bottomless is a smart coffee subscription

0:04.1

which automatically reorders coffee

0:05.9

for you based on your consumption habits.

0:08.1

You may remember Bottomless from episode 124

0:10.6

when we had co-founder and CEO, Michael Mayer, on the show.

0:13.9

I'm also a bottomless customer

0:15.3

and like the service and ideas so much,

0:16.9

I became an investor.

0:18.3

Here's how Bottomless works.

0:19.7

They send you a complimentary Wi-Fi scale

0:21.6

with your first coffee order.

0:23.0

Just set up the scale with your Wi-Fi,

0:24.6

store your coffee on top,

0:26.1

and then from that point forward,

0:27.6

Bottomless sends you coffee at the perfect time

0:29.9

with no additional effort.

0:31.2

The coffee itself is always roasted to order

0:33.3

and shipped straight to you

0:34.4

from a network of roasters across the country.

0:36.6

My favorite part about Bottomless

0:37.9

is how the technology could be used

...

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