Page 24 - Grapevine JanFeb 2022
P. 24

In The Winery




















































               Why Your Winery’s Failure to Plan



               is Planning to Fail



               By: Quinton Jay
               W         hen it comes to creating a roadmap for     strategies, partnerships, and resources are neces-

                                                                    sary to ensure your winery’s continued success.
                         your winery’s success, it can feel daunt-
                         ing to generate one that is both flexible
               and remains in line with your winery’s goals as a      Each piece of this chain has a unique impact on
               business. If it’s too flexible, then it will be difficult   your winery’s business and its future as a brand. In
               to keep your planning strategy aligned to your       order to not only survive but thrive amidst these
               internal initiatives; if not flexible enough, your plan   changes and others affecting the wine industry, it is
               can break apart the first time you encounter an      paramount that each winery formulates and imple-
               unexpected hurdle.                                   ments a multi-faceted plan of success to help carry
                                                                    its business forward into the future. As founding
                 The landscape of wineries, and wine as a business,  father Benjamin Franklin once said, “a failure to
               is far different than that of five or ten years ago.   plan is planning to fail.” However, like most aspects
               Because virtually every piece of the value chain has   of operating a business, creating and enacting a
               changed — from distributors and retailers/restau-    successful roadmap is far easier said than done.
               rateurs to consumers and capital providers — new
               Page 22                        The Grapevine • January - February 2022                          877-892-5332





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