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April 20, 2024 81 mins
Summary In this conversation, John Buchanan and the hosts of Whiskey Business discuss various topics related to whiskey, including tasting, pairing, and the whiskey industry. They also talk about their own experiences with whiskey and the importance of enjoying it responsibly. The conversation covers a range of whiskies, from smoky and peaty to sweet and butterscotch-like. John Buchanan shares his expertise and knowledge about whiskey, including the history and terminology associated with it. The hosts also discuss their own businesses and personal lives, creating a relaxed and enjoyable atmosphere. The conversation covers various topics including business efficiency, personal priorities, management moves, fear of not starting soon enough, and whiskey tasting. In this conversation, John Buchanan discusses various topics related to business, entrepreneurship, and whiskey. He talks about the financial challenges of running a business and the importance of making a profit. The conversation also touches on the classification of small businesses and the different revenue thresholds. They explore the concept of taking on additional responsibilities in a small business and the dedication required. The conversation concludes with a discussion about the experience of drinking whiskey and the ability to craft an experience with it.


Takeaways
  • Whiskey should be enjoyed responsibly and not abused
  • Tasting whiskey is a process that involves appreciating the different flavors and notes
  • Whiskey can be paired with different foods and desserts, enhancing the overall experience
  • The whiskey industry has a strong market and demand, with some bottles becoming rare and valuable
  • Building a collection of whiskies allows for different tasting experiences and pairings
  • Whiskey can be used to make extracts and enhance the flavors of other foods and drinks Businesses can run efficiently even with a later start time, allowing for more personal time and family priorities.
  • Making management moves and taking risks can lead to positive changes in the business and employee satisfaction.
  • The fear of not starting soon enough can be a common concern, but it's important to focus on the present and make the best decisions moving forward.
  • Blended whiskies like Buchanan's offer consistency and are great for beginners and mixing with other flavors.
  • Debt-to-income ratios have significantly increased over the years, highlighting the need for financial education and responsible spending. Running a business can be financially challenging, and it is important to focus on making a profit.
  • The classification of small businesses is based on revenue thresholds, and the majority of the United States is supported by small businesses.
  • In a small business, employees often take on additional responsibilities and contribute to various aspects of the business.
  • Whiskey can be enjoyed as an experience and can be used to craft a specific experience.
  • Collaborating with non-profit organizations can be a meaningful way to support and give back to the community.
Titles
  • Exploring the World of Whiskey Tasting
  • Pairing Whiskey with Life: And Whiskey's Mission The Rise of Debt-to-Income Ratios
  • The Fear of Not Starting Soon Enough Crafting an Experience with Whiskey
  • Understanding the Classification of Small Businesses
Sound Bites
  • "You did something to me. Oh, I'm gone."
  • "This is phenomenal. This is amazing."
  • "Whiskey is like an old friend."
  • "Things are good. We got our businesses running really quite efficiently."
  • "Man, you gotta take a step back. It's okay. Like the business is still running, bills are still getting paid, everything is good."
  • "We've made some management moves and everybody's really, man."
  • "The money in the money out you have a flux of income and the same or less outcome."
  • "If you can't make six figures, that's so easy to run through six figures."
  • "Majority of the United States is backboneed by small business."
Chapters


00:00Setting up the Recording Equipment
05:10Introducing the Guest and Discussing the New Studio
09:14Discussing the Brews and Business Studio and John's New Office
14:42Appreciating and Describing Whiskey Tastings
27:22Catch-Up and Final Thoughts
38:25The Fear of Not Starting Soon Enough
50:39Exploring the World of Blended Whiskies
56:53The Rise of Debt-to-Income Ratios
01:07:27Taking on Additional Responsibilities in a Small Business
01:14:02Crafting an Experience with Whiskey
01:17:57Supporting Non-Profit Organizations through Collaboration
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