LAS VEGAS — Tracey Noonan knows about scaling up. Having grown a home-based baking company to a multi-million-dollar operation that was recently acquired by Hickory Farms, Noonan, the former CEO and co-founder of Cohasset, MA-based Wicked Good Cupcakes, has distinct opinions on the importance scaling up of teamwork.
Speaking to PMMI’s Women’s Leadership Network during Pack Expo, held Sept. 27-29, Noonan shared insight into the little ways to overcome seemingly impossible to reap big rewards.
Noonan and her daughter, Dani, started a cupcake business in their kitchen, and within a year opened the doors to a retail shop with a $30,000 loan from Noonan’s husband, Scott.
Expansion began as Wicked Good Cupcakes shipped its products nationwide in mason jars, and two years later, Tracey and Dani landed a spot on Shark Tank, where they received an investment from “Mr. Wonderful,” Kevin O’Leary.
“What comes with an opportunity, a gift like this?” Noonan recalled. “You have to back it up and make it happen. You have to be ready to work.”
In the first year after appearing on Shark Tank, Wicked Good Cupcakes grew 600%.
In 2017, the operation moved into a 21,000 sq-ft facility for production, warehouse and packaging storage. With that move came an expanded workforce.
“We were able to start hiring more people,” Noonan said. “I’m really proud of the work environment we were able to create for our workers. We weren’t standing over anybody’s shoulder; there was total autonomy.”