Hello everyone, just wondering if anyone could help me with a project I have going on. Last year I tried to start a beer company using contract brewing and ended up aborting it because the price was too high. Now I want to open a nano brewery, since Massachusetts shot down the bill to force owners of the farmers brewery license to produce 50% of the crops in the beer. If anyone has any information about running a nano brewery or any helpful information at all, please email me at your earliest connivence. Happy holidays and cheers!
First off, good luck on your quest - bringing a dream to fruition can be very fulfilling. That being said, I believe that sometimes some hobby jobs can turn out not as we planned - either not so good or very good.
On the first day of my MBA course we were asked what business was about - answers were the greater good, a great service, helping, etc... Of course, suddenly the obvious donned... make money. Period. All the rest may help you to achieve that, but making money is the goal. Unless it really IS a hobby job and you have piles of money sitting in a bank or a sock and don't need a salary.
Learn. About revenue, expenses, staffing, taxes, regulations and legal issues. I know this is really general, but that is what you must do and MUCH MUCH more. Prepare a business plan and be very complete to see if you can make money. One small example: making an obscure beer you like may make you and your brother happy, but you have to sell a lot of them just to pay the electricity. And then you have to be consistent so that if it catches on you can duplicate it on a regular basis.
Please do not see this as a negative, but as a positive. The idea excites me, for sure, but for the time being, and maybe forever, no thanks (for me).
B