By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

Your #1 guide to start a business and grow it the right way…

InSmartBudget

  • Home
  • Startups
  • Start A Business
    • Business Plans
    • Branding
    • Business Ideas
    • Business Models
    • Fundraising
  • Growing a Business
  • Funding
  • More
    • Tax Preparation
    • Leadership
    • Marketing
Subscribe
Aa
InSmartBudgetInSmartBudget
  • Startups
  • Start A Business
  • Growing a Business
  • Funding
  • Leadership
  • Marketing
  • Tax Preparation
Search
  • Home
  • Startups
  • Start A Business
    • Business Plans
    • Branding
    • Business Ideas
    • Business Models
    • Fundraising
  • Growing a Business
  • Funding
  • More
    • Tax Preparation
    • Leadership
    • Marketing
Made by ThemeRuby using the Foxiz theme Powered by WordPress
InSmartBudget > Startups > How To Successfully Expand Your F&B Business

How To Successfully Expand Your F&B Business

News Room By News Room October 27, 2023 7 Min Read
Share

Featured on national TV, owner of Peg Leg Porker Restaurant, Bringle’s Smoking Oasis, Pig Star and Peg Leg Porker Bourbon & Lifestyle Brand.

In every entrepreneur’s journey, there’s a point at which they must decide: Do I continue on the same path, or do I begin to branch out? It’s a difficult choice that must be carefully considered, as money, staff and time are always limited.

After years of running a successful barbecue brand in Nashville, I began to seek a new creative endeavor. I wanted to expand the business but complement the ventures already in existence. After extensive market research and consulting with other trusted business owners, I started a spirits company and released a line of bourbons designed to expand my brand and showcase my love of America’s native spirit. I developed a new method of hickory charcoal finishing that made our bourbon unique and tied it directly to the BBQ world.

The expansion wasn’t easy, but any entrepreneur can make similar moves with careful planning and some good advice. Here are my top tips for expanding your business in new directions.

It’s all about balance.

I believe my experience with barbecue gave me a unique starting place when envisioning how I wanted the bourbon to taste. I’ve always believed that great food and drinks complement each other. So, inspired by iconic and rich barbecue flavors, I knew the type of whiskey I had to create was none other than a Tennessee bourbon.

Barbecue is all about balance and complexity, and I made sure to bring that philosophy into our bourbon-making (and business expansion) process. Like crafting a perfect sauce, our blend of grains and aging process creates a flavor profile unmatched by other bourbons. We meticulously source the finest locally grown grains, ensuring the highest quality ingredients. And we employ a patient approach to aging, allowing our bourbons to mature to the perfect point.

Don’t put so much effort into your new ventures that you neglect the ones that got you where you are today. Whether it’s promoting a loyal team member to fill your previous role or designating certain days a week for your OG business, don’t forget where you came from.

Attention to detail can make all the difference.

In the world of barbecue, as with any business, attention to detail and patience are paramount. Similarly, as leaders, we must adopt a meticulous approach to all our actions. For my business, this means selecting the finest ingredients to employing precise aging techniques. Just as barbecue enthusiasts seek that perfect blend of flavors, you must carefully seek balance and detail in your business practices.

One great way to pay more attention to detail is to slow down. That includes the pace of your individual work, your staff operations, your hiring decisions and more. A slow and steady pace can help ensure you don’t miss a single thing as you move through your busy day.

I also try to stick to a routine. I know what time I’m going into the office, what time I’m leaving and what time is best to meet with my staff. If you find patterns that work for you and those around you, don’t reinvent the wheel each week—stick to them! It’ll help you remain focused on the new challenges at hand.

Approach expansion with a hearty appetite.

When you reach a certain level of success, outsiders love to voice their opinions about how the work should get done, and only some in my circle were on board with a bourbon line. Was choosing to dive into an entirely new industry risky? Absolutely, but to me, it felt necessary to fill my cup, both literally and figuratively.

Piling your plate a little too high leads to added stress, but sometimes all you need is a deadline and a dream to make the expansion happen. Don’t be afraid to push yourself outside your comfort zone and learn as you go. As entrepreneurs, we’re all figuring things out daily, and without risk, you can’t expect much reward. What’s the point of playing it safe?

Honor heritage.

My upbringing played a significant role in shaping our bourbon, too. Growing up in a family with a deep love of food and a strong work ethic, I learned the importance of tradition and craftsmanship. Those values are at the core of my company.

Being raised in a region renowned for its bourbon culture inspired me to honor local traditions and build upon them to create a product more relevant to my line of work. This blend of legacy and forward-thinking guides our approach to everything and ensures our bourbon reflects time-honored techniques and a touch of originality that sets us apart.

Whether you’re from a food-loving family or not, keeping your heritage alive in your business can foster a sense of authenticity. If you can, research your family history and learn about where you come from. You might find the answer to unanswered questions, or even uncover the root of why you are the way you are. Knowledge is powerful!

Conclusion

Growing my company to its success today has taught me the importance of building a solid team where passion and expertise align. As an entrepreneur, I understand the value of innovation and staying ahead of the curve. This mindset encouraged me to explore creative approaches in the distilling process, ensuring our bourbon stands out among competitors. My experience with barbecue continues to drive my commitment to producing a bourbon that’s both exceptional and commercially successful, and I’m confident any food and beverage entrepreneur will be able to distill these lessons into their own successful expansion.

Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?

Read the full article here

News Room October 27, 2023 October 27, 2023
Share This Article
Facebook Twitter Copy Link Print
Previous Article STEM Majors Are Inherently More Valuable Than Humanities Majors
Next Article Friction In The Customer Experience Makes It Harder For Brands To Convert Diverse Customers
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Wake up with our popular morning roundup of the day's top startup and business stories

Stay Updated

Get the latest headlines, discounts for the military community, and guides to maximizing your benefits
Subscribe

Top Picks

How to Know If Your Business Is Ready for an In-House Hire
July 15, 2025
How Culture Shapes Success More Than Capital or Innovation
July 15, 2025
‘People Are Going to Die’: A Malnutrition Crisis Looms in the Wake of USAID Cuts
July 15, 2025
How Young People Earn 5 Figures Without a 9-5 Job: Report
July 15, 2025
Coworking with Scott Morris
July 15, 2025

You Might Also Like

‘People Are Going to Die’: A Malnutrition Crisis Looms in the Wake of USAID Cuts

Startups

Tornado Cash Made Crypto Anonymous. Now One of Its Creators Faces Trial

Startups

Linda Yaccarino Tried to Tame X. Now She’s Out as CEO

Startups

The Teens Are Taking Waymos Now

Startups

© 2023 InSmartBudget. All Rights Reserved.

Helpful Links

  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Resources

  • Start A Business
  • Funding
  • Growing a Business
  • Leadership
  • Marketing

Popuplar

I Had Customers, Revenue and Momentum — And Still No Cash. This Is the Fix I Wish I’d Known Sooner
Tornado Cash Made Crypto Anonymous. Now One of Its Creators Faces Trial
I Learned These 5 Lessons the Hard Way So You Don’t Have To

We provide daily business and startup news, benefits information, and how to grow your small business, follow us now to get the news that matters to you.

Welcome Back!

Sign in to your account

Lost your password?