The last few years proved to be the age of new breweries. With one seemingly popping up in every town, there is a lot to consider in order to be profitable and successful. In this article, we’re going to go into detail about what it takes to get your business off the ground. The most important feature of a successful starting plan is to protect your business with a comprehensive and custom-tailored Delaware Brewery Insurance program.
Hone in your passion.
If you want a successful brewery, you have to live and breathe the business. This all started because of your love for beer, so keep your passion alive. Try new combinations, meet other brewers, test your recipes and stay on top of trends.
To start any business, you’ll first need money. Securing a loan is the first step, but for how much? First, consider your anticipated brewery size, boilers, chillers, tanks, and bottling and canning lines. Determine how much money you have to put into it and how much you’ll need to borrow.
Create a solid business plan.
If you can secure funding, you then need to make a business plan. If you don’t know how to do that, you better learn how to do it or find someone to help you. Some questions to answer when making your plan: Are you going to start off contract brewing? Are you going to wait for your system to be installed before you brew? Do you need to make accurate forecasts to find investors? Do you know which retailers might buy your beer? Do you know how to price your beer? Are you self-distributing or do you want to sign up with a distributor? Do you know how many employees you will need to make your beer? If you can’t answer these questions right now then you better do some research, says Mash Tun Journal.
Find an ideal building.
This is the tricky part- finding a space that is suitable for your brewery. Perhaps the most challenging feature of the process is getting licensing approved by the state so that you can officially start your lease. Look for ideal locations where there is plenty of foot traffic so that you can get the business you need to get your brewery off the ground.
Find a brewing system that works for you.
Visit every brewery around you and see what system they are brewing on. Get the specifications of their systems. Ask questions about the durability of their gear. If you’re lucky maybe you can volunteer at a local brewery and learn how they work on their system. If you have time and tuition waivers, learn how to brew at the Siebel Institute or a university that offers a degree in brewing. The formal education will help you make better decisions on choosing a system to brew on and make you a better brewer, recommends the article.
Spend money where necessary.
You’re not a jack of all trades, so spend money on professional help when needed. Your brewery needs a website, so hire a web designer. It needs branding and marketing materials, so hire a graphic designer. Don’t attempt to do it all yourself, you’ll only end up burnt out.
About IFS Insurance
At IFS Insurance, we specialize in protecting homeowners and renters throughout Delaware, New Jersey, Pennsylvania, and Maryland. Our quality solutions and commitment to excellence has allowed us to serve these states for over 50 years. For more information about our products, we invite you to contact us today at (800) 598-0420.