Wed, 10 July 2019
Ben Kooyman is a fine example of what you can achieve with good planning and hard work. His Endeavour Brewing Company turns over 7 million AUD per year and can count our very own Ben as a super fan of their Amber Ale!
Any new company can learn from the Endeavour story, especially how they have managed to gather over 600 investors and keep them happy.
See some of Ben’s top tips below:
** Don’t blame challenges in a changing industry. If there are challenges then there will also be opportunities.
** Do a proper business plan! It sounds obvious, but so many businesses fail because they don’t do this properly.
** Don’t be scared to give away a share of your business to raise money. If the value of your shares is rising then there are more slices of the pie to go around.
** Be up-front with your shareholders. Is it a yield investment or is it more about capital growth? What are the challenges you face and what are you doing about them?
** Remember that shareholders can offer skills and insight. There is no shame in asking their advice. Engaged shareholders are happy shareholders.
In this episode of Business Brain Food you will learn:
** What inspired Ben to start a brewery
** The power of local produce
** How Ben raised 250,000 AUD from nothing
** How to emerge from ‘the tunnel of death’
** How Ben developed a winning mindset
Resources mentioned in this episode:
** Enter our competition to win a 17,000 AUD coaching program. Winners will be entitled to free entry to events and workshops, quarterly Business Exceleration® Conferences, access to the online resource centre, and over 20 experts on hand to answer your questions. Just click this link here to sign up: http://winbusinesscoaching.com.au/bbf/
** Endeavour’s website: https://endeavourbeer.com/
** Check out Endeavour’s own bar in Sydney: 39/43 Argyle St, The Rocks NSW 2000
** All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au
** Join the Business Brain Food Facebook Group: https://www.facebook.com/groups/BusinessBrainFood/
** Twitter: https://twitter.com/bfewtrell
Call to action:
Ben’s favourite inspirational quote is “get shit done!”, and we certainly can’t argue with that as a motto!
Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!
Until next time, have a profitable day!
Direct download: BBF223_There_is_light_at_the_end_of_the_tunnel_with_Ben_Kooyman_02.mp3
Category:general -- posted at: 12:00pm AEST