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BiggerPockets Business Podcast

11: How to Build a World-Class Craft Brewing Company with Dave Thibodeau

BiggerPockets Business Podcast

BiggerPockets

Business, Careers

4.8 • 696 Ratings

🗓️ 9 July 2019

⏱️ 71 minutes

🧾️ Download transcript

Summary

Ever dreamt about getting paid to sit back and drink delicious beer all day? Well, keep dreaming. Yes, the beer industry is a lot of fun. But as you may have guessed, it’s hyper-competitive and demands a LOT of hard work! In today’s episode, Dave Thibodeau traces Ska Brewing’s evolution from scrappy underdog to top-100 brewery, competing against international conglomerates (all while keeping its edgy sense of humor). You’ll learn how Dave stumbled upon his passion in a book, how he and his partners bootstrapped the business by buying used equipment and sleeping in a Volkswagen bus, and how they marketed their brand’s “David vs. Goliath” attitude in a comic book. You’ll also hear how Dave and his partners expanded internationally, built a distribution arm to help other brewers (“coopetition,” he calls it), eventually scaled to 70 employees, and embraced the pain of a bad hops contract by releasing a limited-run, very hoppy brew called Bad Hop Contract. Don’t miss Dave’s advice for how to split up responsibilities among partners, and be sure to listen through to the end to hear him explain the big advantage smaller, more locally-minded businesses have when competing with international giants. Dave is a laid-back guy, who has managed to build a massive business while still remaining true to himself—so check him out in this episode, and subscribe so you won’t miss the next one! In This Episode We Cover: Why Dave looks at other craft brewers as “coopetition” How Ska Brewing expanded into overseas markets (They’re big in Sweden!) How a real estate investment made the company a ton of money What the “mom-and-pop” game is, and how to avoid it in your business Why Dave tries to hire people smarter than him Why he doesn’t blindly follow trends Why doing business locally helps his profit margins How diversifying into other products made his business stronger Why it’s so vital to make each employee feel important And SO much more! Links from the Show BiggerPockets BiggerPockets Business Podcast 03: How to Attract Media Attention and Turn Publicity Into Profit with Brent Underwood Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:23.2

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0:30.5

Hello, blue skies. Hello moving onwards and upwards. Hello, taking control of your money.

0:37.9

Say hello to tax-free investing.

0:40.7

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0:42.8

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0:47.8

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0:49.4

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0:51.6

Register and add or transfer ÂŁ10,000 plus.

0:54.1

You may get back less than you invests and tax benefits vary.

0:56.7

For terms and conditions, see hl.com.uk.org slash ISA.

1:00.9

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1:08.7

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1:13.7

Plus, it allows your company to centralize security workflows, complete questionnaires up to five times faster, and proactively manage vendor risk to help your team stay compliant.

1:24.4

Head to vanta.com slash Spotify to learn more.

1:28.8

Welcome to the Bigger Pockets Business Podcast, show number 11.

1:34.9

I think authenticity is a huge thing.

1:37.7

Like, if you've got a story to tell and you adhere to that story and the consumer can feel it and they can feel like they're a part

1:46.7

of the story along with you. I think that's something that we have that is really hard to replicate.

1:54.2

Welcome to a real world MBA from the School of Hard Knocks where entrepreneurs reveal what

1:59.3

it really takes to make it.

2:01.3

Whether you're already in business or you're on your way there, this show is for you.

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