Coffee with Jon - Think Big. Get Unstuck. Grow Your Business Kirk's Wine Business
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Jun 9, 2023 Kirk Drake, founder of Resistance Wine Company and Ongoing Operations, discusses the challenges of winemaking in Oregon and the impact of climate change on vineyards. He also talks about growing the credit union industry using FinTech solutions and the value of writing a book for gaining clarity and opening doors. Additionally, he emphasizes the importance of forecasting and adapting to change in today's world.
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Starting a Winery Adventure
- Kirk Drake and his wife moved from Washington DC to Oregon so his wife could become a winemaker.
- They have made five unique vintages, each impacted differently by climate and unpredictability.
Pivot Fast to Succeed
- The difference between great entrepreneurs and good ones is how fast they pivot after unexpected changes.
- Quickly accepting reality and pivoting builds upward business trajectory.
Wine Inventory and Cash Flow
- Red wine increases in value the longer it ages, so inventory management is key.
- White and rosé wines need quicker turnover due to lower aging potential and cash flow impact.