Hey it's the Shark Tank guy...loved his story. Super hard worker so he deserves all his success.
35k a month in expenses, 10k for rent/machine lease which is very conservative and likely much higher. Leaves 25k for labor 25k divided by 7 full timers = 3,570 per month = 42,850 per year per person including owner. More realistic would be 15-20k for rent/machines/energy. So call it 18k. 35k - 18k = 17k left for labor 17k dividen by 7 full timers = 2,420 per month = $29,150 per year per person including owner. Hourly wage of $15 per hour, including owner. Business is likely making no money after expenses, and moved into a warehouse that is far too large for the product it produces or the inventory it will ever need to carry. Life span of this business will be short.
If drinking and smoking is what keeps a man poor. Then selling them to drink and smoke more will make a man rich.
Kegs are round because they are stronger that way. You can squeeze in more product in a round cylinder than a square one. I know liquid doesn’t compress but you can still get more volume. On a square keg, it may start to hydro form into a cylinder if to much pressure. Kinda like submarines are round for a reason. But for sheer volume for a home brew, might be a selling point.
This is motivating, much more so than the showbiz Shark Tank episode. I have a product idea for something a hundred strangers have told me they would love to buy. It improves greatly on a product that has been in most homes for 100 years. Getting started with a physical product is challenging.
I randomly care across this channel while working on my own business. You guys are making good content to be honest. Becoming my favorite early morning content to watch while getting ready to start work
Thanks to both of you for this interview. Tim could always play a stunt double for Chris Pine in his spare time. 😃
The common underlying advice from the entrepreneurs is to start now, always.
Didn't realize Chris Pine was so entrepreneurial. Glad to see he's got a backup plan in case the whole movie start thing doesn't work out.
Square kegs, who would've thought? 🤔 Tim's story just shows that innovative ideas can come from anywhere at any time.
Kegs are round because of pressure and they are to heavy to carry and will be rolled. That is the only purpose why humans invented round kegs and not square (and also it's easier to get a round wooden keg sealed than a sqare one). Nowadays we have forklifts everywhere but still if you own a bar and your cooling storage is in the basement you will never get a keg easier down the steps than a round one. This is so stupid I can't believe people buy it. But in the USA people buy all sort of bullshit. Wouldn't work in Germany.
I like everything he said except for the fact he casually mentions how simple it is to find angel investors. THAT IS NOT easy to do or.easy to find.
Thank God for editing when you stick that Tungsten!
Since the small ones arent stackable due to tap position, there should be a small carry handle on top
That was the nicest segway to a paid Sponsor I ever seen!!! Seamless... It made sense and i was enterted... Colleges could give courses on how good it is... "I'm not making fun of this video" I just think its the best Segway I ever seen.
Actually I recall some air compressors for air btushes used a rectangular profile as opposed to most which were round. A round vessel is of course the easiest and best for distributing air pressure
Round kegs are round because (in part) they can be roilled. Home kegs though, they always got potential. Good luck :-)
Love the business and the products, and of course, this channel 🤑
I see the CO2 cartridges and the problem with that is beer takes a special gas called, wait for it, beer gas to work properly, otherwise it just foams like crazy. I like the idea. It’s $279 on Amazon as of august 2024 and that a ton of money for a tiny keg. There are so many options for kegs that it just doesn’t make sense. If you are bored and just want to spend $300 you could buy a ton of beer for $279. I understand wanting to support an American company too. If I wanted a keg either for beer or soda I would just buy a small fridge with a tap on it already and put a nice little pony keg in it. If I just wanted it for soda at home I would buy a soda stream. Still a cool product and story.
@UpFlip