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Business of Beer: Challenging, Costly and Friendly

Adam Shay is owner of Adam Shay CPA, PLLC, a CPA firm that focuses on working with entrepreneurs by utilizing technology, a fixed price approach, and custom options to partner with their clients. In addition, he is an entrepreneur in residence with Seahawk Innovation. Beer. That one word, actually two – free beer – made it easy for UNCW Center for Innovation and Entrepreneurship (CIE) executive director Jim Roberts to draw a packed room to “The Business of Beer at the Beach” on Monday August 11th. There were a lot of new faces in the CIE for this event...

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Failure Sucks, But Yours Might Help Us All

Remember the expression, �It’s better to try and fail than never try at all,�? As it turns out, the expression is probably true if you’re an entrepreneur; the economy benefits more from your ventures’ failure than if you never start your venture. At least that’s what Brookings Institution economists Ian Hathaway and Robert Litan conclude in the report released on May 5th, 2014, Declining Business Dynamism in the United States: A Look at States and Metros. By now you’ve probably read the report, or at least read an article citing it. The report has been so widely circulated and...

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Craft vs. Crafty: What Exactly is a Beer Startup?

This is a late entry into the debate of craft beer versus faux-craft, and there’s a good reason why: I’ve been having a hard time articulating just why I think the debate has been so wrong. Backstory On December 13th, a few high ranking members of the Brewer’s Association wrote an article in the St. Louis Dispatch titled Craft or crafty? Consumers deserve to know the truth in which the authors attempt to call attention to the problem of “faux craft” beer being made by the large international conglomerate breweries, namely Anheuser Busch-InBev (ABI) and MillerCoors, henceforth to be...

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Starting a Brewery Is No Different Than Founding a Tech Startup

One of the first things that people like to assume when they find out that I own a brewery is that I sit around and get trashed all day at work. But it’s the same for you, right? “A tech startup!? Man, I LOVE ping pong and foosball!” Not that all of you necessarily go out of your way to contradict that notion. But hey, neither do I. Starting up a brewery is different than starting a tech company in one major way: All of that work that you did at home, at a coffee shop, on your couch,...

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