How a Raleigh beer brewery tapped into 3 areas of craft beer - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A North Carolina woman left a corporate job in healthcare to open her own craft brewery. Here's what she did to become CEO of 3 beer businesses with $12 million in revenue.

Kristie, 51, sits at the helm as president, CEO, and majority stake owner. Patrik, 55, who still works as an American Airlines pilot, serves as COO. The company employs close to 40 full-time employees.

Brewing started as a weekend hobby for the Nystedts, between work and raising their kids. "We didn't really go out too much. We have a great neighborhood and we would just create beers for the neighborhood," Kristie said. She knew it was a major risk to leave corporate and bet on entrepreneurship. "This is going to be a really expensive adventure," Kristie said. But once they considered starting three businesses in one, the financial prospects looked brighter. "I could see how we could actually create a business model that was sustainable," she said.Courtesy of Raleigh Brewing CompanyAlthough the consumer-facing brewery was the initial idea, their biggest asset became business-to-business.

That rapid growth was thanks in large part to the commercial equipment side, which put money back into the brewery side. "If it was just a brewery, there's no way that could've happened," Kristie said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Digital Banking Ecosystem from Business Insider - Business Insider[NEW REPORT] The Digital Banking Ecosystem: BIIntelligence explores the incumbent banking landscape and the key players banks are calling on to help their transition to digital
Source: BusinessInsider - 🏆 729. / 51 Read more »

What first, business, and economy class looks like on Emirates - Business InsiderBusiness Insider's Rachel Hosie takes us through each class on Emirates' double-decker Airbus A380.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How to win a business pitch competition, according to a 12-time winner - Business InsiderA 33-year-old entrepreneur won a dozen pitch competitions in 2 years and raked in $75,000 along the way. Here's how she uses stats to craft a winning pitch.
Source: BusinessInsider - 🏆 729. / 51 Read more »