Csaba Babak joins Andy Thorburn to asses the state of the craft beer market, craft beer's inaction and what needs to change in order for businesses to survive.
When Hallway decided to change direction and focus on serving an industry that we loved, we were astounded by the lack of resources available to beer business owners, and made it our mission to help the beer industry grow. That’s what got us starting this podcast, and producing the content that we do. One of the few resources that was around, was Beer Means Business by Csaba Babak, an incredibly in-depth analysis of the craft beer market which, as the title suggests, focuses on the business side of running a brewery. I met Csaba at 2017’s GBBF, and immediately got chatting about the intricacies of the beer market, and so naturally I invited him on the podcast. Csaba joins me on this episode for an incredibly insightful chat, we discuss everything from his time as an EU tobacco lobbyist, to his analysis of exit strategies and the inaction of craft beer versus big beer. It’s a long one, but it’s really insightful all the way through.
03:05 -Beer Means Business
04:25 -Alcohol is on the horizon of regulation.
6:07 “This is why I really appreciate your work because there is very little being written or said about the less sexy part of the industry”
18:50 - I can see clear opportunities for innovative companies in the beer industry
20:00 - The lack of dividends to shareholders leads to a compromise and the expectation that there will be some big payout at the end. And assumption based on a successful exit
22:15 - Competition is fierce and is ever changing.
26:45 - If you don’t manage your cashflow, you then become a liability for people outside of your business.
28:00 -Innis & Gunn Barrel Aging debate
32:00 - It’s time to professionalise
37:30 - ZX Ventures
38:10 - As an industry, the actions at large [to adapt to a changing market] are lacking
Csaba Babak is the Amazon best-selling author of Beer Means Business. He hails from Hungary and after a career lobbying the EU in Brussels, Csaba moved to London where he sunk himself into the fast-paced craft beer sector. He's the founder of Beer Me Bags, and offers consulting services to the brewing trade.
Stories, insights and lessons from the incredible people behind the UK's craft beer industry. Andy Thorburn hosts a series of deep-dive interviews with various guests from the craft beer community. New episodes fortnightly.