Aug 2, 2020
In this episode, I interview Damian Mackey, a master distiller of whisky and gin and the founder of New Town Distillery in Hobart, Tasmania. In 2005, he started building a small distillery (Mackey’s Distillery) in his backyard in Hobart, and in 2007, filled their first cask with triple distilled Irish style single malt whisky, which was matured five years later.
In 2014, he partnered with Sheena state, moved, launched an award-winning Gin, took on investment, and went from using a single 300 litre still at home to a 4,500 litre and two small stills. The distillery grew from laying down 400 litres to around 100,000 litres, and recently sold out of a large business to return to distilling at home where he is now doing about 8,000 litres a year.
Damian recommends investing 10% to 20% of sales into marketing, and finding an expert to work with. He went from 1 full time employee to 6, then back to 1. He insists that business and financial planning using KPIs, ensuring you’re well funded, and getting and keeping mentors are crucial to success. He believes the hardest thing in growing a small business is, “Balancing the resources you pile back into the business”. The advice he would give himself on day one of starting in business is, “Make sure you’re doing something you’re passionate about, is unique, and has a point of difference” Stay tuned for more on Damian’s entrepreneurial journey.
This Cast Covers:
Additional Resources:
Music from https://filmmusic.io
"Cold Funk" by Kevin MacLeod (https://incompetech.com). License: CC
BY (http://creativecommons.org/licenses/by/4.0/