Show Notes
Prompted by the closure of a well-loved Wellington brewpub, this episode is a masterclass in reading the warning signs early. Mike and Scott break down lead vs. lag indicators, the three essential financial statements every owner should actually understand, and why the best time to pivot is three months before you think you need to.
Drinking beer from: Fortune Favours - The Mystic Hazy IPA (5.8%) Eating a pie from: Pie Rolla's - Steak, Stout & Cheese
You'll learn: -How to track lead measures (things you control) vs. lag measures (outcomes); -The balance sheet, P&L and cash flow explained in plain English; -Four common types of pivot (product, customer, pricing, cost base); -How to turn assumptions into cheap experiments before committing real money; -and why "get the umbrella when it's sunny" keeps coming up for a reason.
Liked this one and want to uncomplicate your business growth and get better content? Make sure you catch the next episode - hit subscribe and check us out here: https://linktr.ee/pintspiesandprofits See omnystudio.com/listener for privacy information.
More from Pints, Pies & Profits
This ep the focus gets thrown on Scott. Mike asks him about his own life story - starting off from early days, going through a door-to-door sales grind to building his production company Blacklime - and how therapy, kindness and self-knowledge that got him there. It's the most personal episode yet.
Mike and Scott unpack the strategic foundations most businesses skip - purpose, vision, values, CVP and goals - and why skipping them means growing by accident instead of on purpose. They trace real examples from Lion Brewery's purpose statement to Point16's own vision, plus a listener Q&A on when to bring in a consultant.
Diving deeper on one of episode 8's topic. Mike and Scott dig into the real mechanics of funding a business - when you actually need outside money, and what trading time, margin or control really means. They map out loans, VC and everything in between.
A deeper, more tactical return to Episode 8's big question, with real dollar figures attached. Mike and Scott walk through exactly how to validate an idea at $0, $500 and $5,000 budget levels - and how to land your very first customer.
A fun, self-reflective one. Scott and Mike break down the three archetypes of business owner - Visionary, Craftsman and Hustler - and how understanding your own type changes who you should hire and how you should lead.