The wine business, as anybody who has owned, or worked in, a winery will attest, is a tough game. It is highly competitive; and it costs more than you think to consistently produce top quality vino. There are vested interests at the heart of the industry, established families and corporate players, who do not take kindly to interlopers and dilatants. Crushing grapes can lead to crushed egos and crushed finances. What do they say about how to make a small fortune in the wine business, start off with a big one.
Ways to Make a Small Vineyard Financially Viable
What ways are there to make a small vineyard financially viable? Getting the right level of industry expertise at the very beginning, can be one way to avoid spending lots of money on your mistakes. Getting some viticulture training yourself, or someone close to you like a family member getting that knowledge, can be a very fortuitous thing. Even if you are employing viticulturists and winemakers it pays to know what they are talking about, so that you can be an effective business leader. Join an industry association so that you can pick the brains of its members, who have direct experience running a vineyard.
It all comes down to money in the end, as most of us know, it is the same in every industry. Getting the most bang for your buck in terms of productivity is vital if you are to succeed in the long run. Making top quality wine at affordable prices is half the battle; and getting as much professional help in terms of business plans and financial advice is the only way to do this. Your next pitched battle in the wine business, is selling the stuff. You can have a wonderful product, but if you do not have a market, you are dead in the water, as they say. You might be looking for no credit check loans in this instance.
Winemaking is as much about marketing as it is anything else. If you have a vineyard and you are making your own wine on it, you need to work out who you are going to sell it to. Will you have a tasting room for vineyard sales on the property? Will you be attempting to get your boutique wines onto the wine lists of the best restaurants in town? Will you be making enough product to distribute through the big wine retailer chains? These are all questions you need to have answers for before you go into production.