Warning: This isn't going to be quick. It's not going to be cheap. But, the Experience Distilled process is an investment for long term success.
From the Kick Off Meeting, to the On-site Visit, to Developing the Strategic Plan, the Experience Distilled Team will be by your side.
With the stakeholders on the call, discuss goals, challenges, and the state of the business. Establish goals for the rescue.
A deep review of the financials, inventory, history, and other due diligence data. Find the core value of the business with a thorough valuation.
Review of operations, equipment, process flows, customer engagement, tasting rooms, compliance, quality control, safety, and other systems.
The Experience Distilled team will prepare the formal plan with the path to profitability and success.
With everyone aligned, the Experience Distilled Team will help progress the plan and establish responsibilities, KPI's, and regular budget check ins.
As milestones are achieved, revisit the plan with a continuous improvement feedback loop. Celebrate the wins when they come.
Time Tested Tips and Tricks
Take a page from the legacy distillers and focus your efforts on the most profitable brands. Ensure a 50% Gross Profit Margin. Are the bottles priced correctly in the market?
Is your product the highest possible quality? How are consumers responding? Can sourcing bulk spirits fill in the production or inventory gaps? Is safety a priority for your team? Do you have the right-sized equipment?
Are you using all the bells and whistles from your software? Can off system excel sheets be improved or eliminated? How can we turn data into wisdom?
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