{"id":12124,"date":"2024-05-29T10:24:08","date_gmt":"2024-05-29T14:24:08","guid":{"rendered":"https:\/\/craftbreweryfinance.com\/oldversion\/?p=12124"},"modified":"2024-05-29T10:30:32","modified_gmt":"2024-05-29T14:30:32","slug":"summer-reading-best-brewery-finance-books","status":"publish","type":"post","link":"https:\/\/craftbreweryfinance.com\/oldversion\/summer-reading-best-brewery-finance-books\/","title":{"rendered":"Summer Reading: Best Brewery Finance Books"},"content":{"rendered":"<p>Summer is my favorite time of year. Warm weather, cookouts, vacations, and trips to the beach.<\/p>\n<p><strong>When I hit the beach I always bring two or three books.\u00a0<\/strong><\/p>\n<p>My goal is to learn something new, find a cool idea to share, or be reminded of a fundamental best practice that I&#8217;ve forgotten about.<\/p>\n<p><strong>In that spirit, I asked Aaron Gore from <a href=\"https:\/\/www.arryved.com\/request-demo\/?utm_source=Kary_Shumway&amp;utm_medium=partner&amp;utm_campaign=referral\" target=\"_blank\" rel=\"noopener\">Arryved<\/a> about his favorite books.<\/strong><\/p>\n<p>Below is Aaron&#8217;s lineup, and it is a doozy.<\/p>\n<p><strong>Aaron provides a short summary of each book, the impact it had on him, and how the lessons apply to the beer business.\u00a0\u00a0<\/strong><\/p>\n<p>Grab your cooler, beach chair, and a couple of these books. You&#8217;ll be glad you did.<\/p>\n<p><a href=\"https:\/\/amzn.to\/3V2xKyh\" target=\"_blank\" rel=\"noopener\"><strong>Blitz Scaling<\/strong><\/a> by Reid Hoffman<\/p>\n<p><strong>For anyone who is interested in growing their business over the course of months and years, instead of decades, this is the book you need to read.<\/strong><\/p>\n<p>It tackles the key questions of how to aggressively, sustainably grow into a category leader, without missing opportunities or yielding space to potential competitors along the way.<\/p>\n<p>A lot of the lessons are aimed at industries with higher unit margins than beer, but on a micro scale, many of the key takeaways are still applicable to any growing business, regardless of your final aims<\/p>\n<p><a href=\"https:\/\/amzn.to\/3wKCj8t\" target=\"_blank\" rel=\"noopener\"><strong>Black Box Thinking<\/strong><\/a> by Matthew Syed<\/p>\n<p>A life-changing book for me.<\/p>\n<p>Matthew Syed talks about the way different industries approach failure, and how to avoid the perverse incentives created by the human need to assign and avoid blame.<\/p>\n<p>Half business book and half philosophy\/self-help book, <strong>Black Book Thinking is must-reading for anyone wanting to do process refinement and iterative improvement in the right way.<\/strong><\/p>\n<p><a href=\"https:\/\/amzn.to\/4azHUw4\" target=\"_blank\" rel=\"noopener\"><strong>That Sh*t Will Never Sell<\/strong><\/a> by David Gluckman<\/p>\n<p>An entertaining read, this one never pretends to be about education or insight at all. Instead, it&#8217;s essentially the journal of one man&#8217;s journey through helping create Kerrygold Butter, all the way through the modern day as an innovator in craft liqueurs.<\/p>\n<p>How he breaks down the many products he has contributed to, however, provides an <strong>enormous amount of practical insights, observations, and approaches that can benefit anyone in the beverage space.<\/strong><\/p>\n<p>This one has been required reading for sales and marketing staff that I&#8217;ve trained for a few years now.<\/p>\n<p><a href=\"https:\/\/amzn.to\/4dTkTqV\" target=\"_blank\" rel=\"noopener\"><strong>Brand Gap<\/strong><\/a> by Martin Neumeier<\/p>\n<p>Anything that Martin Neumeier writes is effectively scripture in the branding and marketing space, and this one is my personal favorite.<\/p>\n<p>Quick and easy to read, but presented in a way that makes it impossible not to come away smarter for it, it&#8217;s <strong>the perfect handbook to creating and leveraging a brand successfully<\/strong> in any industry. Given that brand differentiation is already the dominant competitive advantage for firms in craft beer, and is likely to become more so in the future, this is another &#8220;required reading&#8221; pick.<\/p>\n<p><a href=\"https:\/\/www.acquired.fm\/\" target=\"_blank\" rel=\"noopener\"><strong>Acquired podcast<\/strong> <\/a><\/p>\n<p>A bit of a long listen, but the hosts d a focus on a single, highly successful (and sometimes not) company, covering its history, its present, its business model, and its competitive advantages (using the 7 Powers model).<\/p>\n<p>It&#8217;s always an entertaining listen, and you&#8217;ll come away not just better informed, but with novel business ideas and techniques that transfer surprisingly well between industries.<strong> I&#8217;ve learned more just from the Nintendo episode than you&#8217;d ever imagine, given the industry we work in.<\/strong><\/p>\n<p><a href=\"https:\/\/amzn.to\/3VkqzTu\" target=\"_blank\" rel=\"noopener\"><strong>The Voltage Effect<\/strong><\/a> by John A. List<\/p>\n<p>Another look at sustainable scaling, John List is one of the best empirical economists out there, and this is the work he&#8217;s most known for. It discusses the importance of being sure that solutions work at scale just as effectively as they do in a specific, controlled environment.<\/p>\n<p><strong>For anyone looking at expansion or distribution, there&#8217;s a ton of value to be found here.<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summer is my favorite time of year. Warm weather, cookouts, vacations, and trips to the beach. When I hit the beach I always bring two or three books.\u00a0 My goal is to learn something new, find a cool idea to share, or be reminded of a fundamental best practice that I&#8217;ve forgotten about. In that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12130,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[63],"tags":[],"class_list":["post-12124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial"],"_links":{"self":[{"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/posts\/12124"}],"collection":[{"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/comments?post=12124"}],"version-history":[{"count":4,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/posts\/12124\/revisions"}],"predecessor-version":[{"id":12132,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/posts\/12124\/revisions\/12132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/media\/12130"}],"wp:attachment":[{"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/media?parent=12124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/categories?post=12124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/tags?post=12124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}