MadeGood: Salma and Nima Fotovat Lost Their First Business.They Grew Their Next One Into a Snack Giant.
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What do you do when the family business you've spent decades building... gets bought out from under you?
That’s what happened to Nima and Salma Fotovat.
Devastated, the family rebuilt a new company from the ground up. This time they set out with a new idea: build an allergen-free, organic snack brand not just for kids, but their parents.
Their new brand: MadeGood.
Today, the Canadian brand’s parent company does hundreds of millions of dollars in sales. But getting there meant rebuilding from scratch, fixing 200,000 mislabeled snack bars by hand, and turning a family of co-packers into branding experts.
What you'll learn:
- How owning manufacturing can be a competitive edge
- How they grew a national brand with almost no marketing.
- Why it can be a winning strategy to say "yes" before you know how
- Introducing new products: the tension between research and emotion
- The mindset that can help you rebuild after a devastating setback
Timestamps:
6:05 - Growing up in Iran during wartime, and emigrating to Canada
11:55 - Their dad’s new business: “Why are North Americans not eating nougat?”
19:25 - Building the family’s first snack bar brand—and losing it overnight
34:20 - The next business: going all in on healthier school snacks
42:30 - Fixing a 200,000-bar production error with alcohol wipes
48:30 - Landing MadeGood’s first retail store
51:10 - The 100-mile radius marketing strategy
56:50 - The lure of new products: from human treats to dog treats
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