Small Fortune Podcast

Global Wine Partners

Our podcast is about the wine business, how difficult it is to be successful and why. It’s also about the strategies that various participants in the industry have used to overcome the challenges inherent in making and selling wine. And it is simply about telling the stories of the wine business.

Play

Open in

24 episodes
fortnightly
Avg 38 min
English

Episodes 24

Newest Oldest Longest

All20 Unplayed20 In progress0 Played0

Counted on this page — what you have heard stays on this device, so it is not something the list can be paged by.

S4 · E85
September 29 · 39 min
Ep 85: Realm Cellars: From Struggling Brand to Top Napa Estate Winery
When Scott Becker acquired virtual brand Realm Cellars in 2012 the business was heading for bankruptcy, but the brand had a great reputation. In this interview Scott tells the story of getting into the business, which he partially financed by assuming accumulated debts, and how he then found more debts, less cash, and a daily working capital struggle. After the momentum shift for the brand from a 100-point Parker score, the business finally turned the corner. Today, Realm is an estate winery with properties in the important Napa growing areas of Stags Leap, Pritchard Hill, and Coombsville. In the final story of this two-part series, Scott and host Carol Collison talk about Scott’s friendship with the great wine business attorney and Coombsville grape growing pioneer Frank Farella, founder of Farella, Braun + Martel. https://www.realmcellars.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
September 17 · 33 min
Sam Bilbro & Carol Discuss the Federal Reserve and the Market for Italian Varietals Revised
This episode is a re-release of Episode 4 of the Small Fortune podcast that was originally released in September 2023, before host Carol Collison cobbled together a “good enough” recording routine. Her audio is really bad, but Sam sounds great, and the impetus for the original interview, increases in the federal funds rate by the Federal Reserve and how that change ended a transaction that Carol had been working with Sam on as the representative of the Seller. Since growing inflation pressure may cause the Fed to increase rates again, we’re re-releasing it. You will wince when you hear Carol’s questions but hang in there: this episode is mostly very wonderful stories from a talented wine business entrepreneur, Sam Bilbro. Original episode notes: Sam Bilbro is a 4th generation winemaker and owner of the brand Idlewild which specializes in wines made from Piedmontese varieties grown in and around Northern Sonoma County. Carol and Sam talk about the business case for these niche wines, as well as his thinking behind his retail Italian wine and food shop. They also talk about the business lessons he learned from his father, Chris Bilbro, founder of Marietta Cellars. https://www.overshinewines.com/ https://ciaobruto.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
S4 · E84
September 15 · 26 min
Ep 84: Realm’s Scott Becker: Standing on the Shoulders of Giants
The first episode of a 2-part interview with Scott Becker tells the story of how he entered the wine business and the mentor relationships he cultivated that helped him advance his career. Jack Cakebread brought him into the Valley and vouched for him to Vic Motto, founding partner of GWP with current partner Mike Fisher. Vic and Mike hired him to work at Global Wine Partners, which is where podcast host Carol Collison and he met. He next moved to Harlan estate. Hear all the lessons he learned leading up to his acquisition of Realm Cellars, which is the subject of Part 2. https://www.realmcellars.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
S4 · E83
September 1 · 42 min
Ep 83: Tomorrow Cellars: Wine When You Don’t Want the Buzz with Tracy Sweeney
Tracy Sweeney had a big job managing the DTC operations for six luxury Napa brands in the Treasury Wine portfolio when she decided to leave to join a partner in founding Tomorrow Cellars, a company that produces alcohol-removed wines. Learn about her keys to management success in large companies, why she decided to become an entrepreneur, and the wild process of building a wine brand while learning how to make and sell a product that is regulated not by the TTB but by the FDA, and all the complexities that come with that. Carol and Tracy discuss a myriad of topics including the broad category of non-alcoholic adult beverages and her product’s role in keeping wine in front of those drinkers and occasions. Tracy’s products reflect the philosophy she learned from an early boss, Cathy Corison (interviewed in ep 28): “Wine represents a moment in time at a place on earth.” https://tomorrowcellars.com/ https://www.globalwinebank.com/2024/08/cathy-corisons-approach-to-business-success/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
S4 · E82
August 18 · 38 min
Ep 82: Global Wine Sourcing Pro Duncan Marks on Making Business Travel Work
Host Carol Collison talks to Nexterra Wine’s Director of Global Wine Sourcing Duncan Marks, a passionate and effective business traveler, about how his private label wine company Nexterra serves its winery and retailer clientele through fulfilling specific wine product requests as well as discovering and delivering new ideas. Duncan describes how he travels the world to source wine, the key annual wine trade shows. The conversation also includes an in-depth discussion about how to build and maintain successful international wine business relationships. The keys to success are, in addition to actually visiting current and potential suppliers: respect, curiosity and communication. https://www.nexterrawine.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
S4 · E81
August 4 · 39 min
Ep 81: Supporting America’s Grape Growers for the Long Haul with Stuart Spencer
As today’s guest Stuart Spencer - grape grower, winemaker, and Executive Director of the Lodi Winegrape Commission – puts it in today’s interview, the US is the only major wine producing country in the world that allows its national wine designation to include foreign-source wine. Carol and Stuart discuss the recent failure of a California law, AB 1585. With American grapes going unsold and growers in severe economic distress, California growers and many others in the industry joined together to eliminate this Federal labelling loophole. The industry is working on new ideas to accomplish this goal, and in her introduction, Carol encourages all stakeholders to come together to try to find a solution that works for everyone. Also included in the interview is a discussion of the role of grower organizations in the wine business as well as the podcast’s usual subject: how to be successful in the wine business. https://lodigrowers.com/ https://stamantwine.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
S4 · E80
July 21 · 36 min
Ep 80: Martha Barra on Mendocino and Organic Wine
Barra of Mendocino was founded by Charlie Barra, who began planting grapes in Mendocino in 1955. Martha joined the enterprise through marriage in 1980. Hear about the beauty of off-the-beaten path Mendocino, the cool-climate California growing region most committed to organic growing. Martha discusses the decision to convert their vineyards to organic farming in 1988. Through the family’s Redwood Valley Cellars, Barra is also a leading producer of organic wine for their own brand as well as on a custom basis for other wineries. Both the vineyards and the winery are CCOF certified (California Certified Organic Farming.) Host Carol Collison and Martha discuss the benefits of organics in general and CCOF certification in particular, and biochar makes another Small Fortune appearance. https://www.barraofmendocino.com/ https://www.redwoodvalleycellars.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#128
July 7 · 40 min
Ep 79: Stephen Brauer: Route to Market is More Than Distributor Alignment
The Small Fortune Podcast is centered on the stories of entrepreneurial and small business success in the wine industry, but the lessons from large company management can be useful too. In today’s podcast, host Carol Collison speaks with Stephen Brauer, currently an industry consultant who has senior management experience at some of the wine industry’s largest companies. The two discuss why this moment in the industry may be actually harder for larger companies to navigate, whether the wine business is suitable for public markets, and what a comprehensive “route to market” strategy looks like, including the concept Stephen calls “ways of working”, which defines how a company can optimize performance in wholesale markets. https://vinexcel.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#125
June 23 · 42 min
Ep 78: Randall Grahm: New Ideas in Terroir at Popelouchum Estate
Randall Grahm is a highly creative person whose ideas have been expressed in a number of well-known and successful brands. At various times during his career his Big House, Cardinal Zin, and Bonny Doon wine labels were sold to others, and now he has turned his unique point of view to the creation of a “sense of place”, or terroir, at his estate in San Benito on the Central Coast of California. Grape growers will be fascinated by his discussion of creating new varieties, how genetic diversity in the vineyard contributes to the expression of terroir, how the use of biochar “makes soil smart” and more. For winery owners and managers, Randall discusses his lessons learned over his career such as finding and building on underappreciated varietal niches, his unique use of humor in wine branding, and why the sale of Big House affected his winery operations. Carol and Randall also discuss today’s challenges in reaching younger consumers who are more visually oriented, and so less reachable through language, where Randall’s creativity as a writer really shines. https://www.popelouchum.com/ https://www.abebooks.com/9780520259560/Been-Doon-Long-Randall-Grahm-0520259564/plp Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#124
June 9 · 38 min
Ep 77: Glenn Proctor on the Future Grape Market and More
Glenn Proctor’s family has been growing grapes on a ~200-acres ranch in the Dry Creek Valley since 1904. Today he is not only a grape grower but a proprietor of a small family wine label (Puccioni Vineyards) and a Partner in the Ciatti Global Wine & Grape Brokers. While the subject of the industry’s current grape and wine supply/demand challenges does come up, most of the conversation is about subjects like running a multi-generational farming business, Zinfandel’s place in the wine business, and how growers should think about possible varietals of the future. Since both Glenn and Carol are brokers (albeit in different aspects of the industry) and so they also discuss what it takes to manage transactions and have longevity in their professions. https://ciatti.com/ https://www.puccionivineyards.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#123
May 26 · 37 min
Ep 76: Building a Luxury Service Brand with Silverado Farming’s Pete Richmond
It seems unusual to describe a B2B business as a luxury offering but as Silverado Farming Company has evolved over its 25 years, that is the positioning that its founder Pete Richmond has sought. In host Carol’s first interview with a vineyard management company owner, you will hear how Richmond has developed his business to emphasize key attributes of luxury: exclusivity, quality, prestige, and sustainability. Pete is a student of business - and as you will hear - a manager who understands that there is more to business success than maximizing the money in an owner’s pocket. Hear how he created a business that grows brand capital, human capital, and yields other intangible rewards to its owners and employees such as giving back to the community, while also generating profitability. http://www.silveradofarming.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#122
May 12 · 37 min
Ep 75: A Short Course in Publicity with O.G. Julie Ann Kodmur
Today’s wine business has been shaped by pioneers like Jule Ann Kodmur, who worked on an early Sotheby’s wine auction, and then worked for many important distributors and wine companies. She started her own consulting firm in 1997. Julie Ann and host Carol Collison talk through the differences between working for a company and being self-employed, but most importantly Julie Ann shares many, many great ideas about how to get publicity for your company. From stodgy old media to today’s influencer media environment, Julie Ann has experienced it all on behalf of her clients. http://julieannkodmur.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#120
April 28 · 44 min
Ep 74: Selling Paso Robles with Jenny Heinzen
Jenny Heinzen is the Broker and Principal of Vineyard Professional Real Estate in Paso Robles, CA. She is the leading seller of winery and vineyard properties in this market. Why would Carol Collison, a winery M&A advisor, invite a fellow professional on her podcast? It’s because Jenny and Carol aren’t really direct competitors. In this conversation you’ll hear the difference between the two practices (Broker v. Advisor) as it relates to issues such as acquiring clients, finding buyers, and managing a transaction process. Jenny provides an update on the Paso Robles vineyard and winery real estate market beginning around the 32-minute mark for those who want to skip the broker talk. https://vineyardprorealestate.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#119
April 14 · 37 min
Ep 73: Niagara: The Hottest Wine Region in the World with Paul Speck
With American wines off Canadian shelves and tourists staying home and visiting local attractions, now is a great time to be a wine producer in Canada. Hear what’s happening in this interview with Paul Speck, President of Henry of Pelham Estate Winery, the third largest wine company in Canada founded in 1984 on land that had been in the family since the 18th century. The company is based in the Niagara Peninsula, the large Ontario growing region and farms 300 acres. In addition to wine production, they also run Family Wine Merchants, which imports and distributes beer, wine, and spirits from throughout the world. Hear Paul’s tips on how to succeed as a family wine company, the history of the Canadian wine industry and how it is similar to American wine history and succeeding through listening to your customers and giving them what they want among other great ideas. Paul also talks about their best-selling varietal product, Baco Noir. The conversation wraps up with key concepts for starting and succeeding in the Canadian wine business (and everywhere else too.) https://henryofpelham.com/ https://fwmcanada.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#118
March 31 · 41 min
Ep 72: How to Wind Down a Wine Business the Right Way
Back in mid-2024, Episode #25, Carol interviewed Megan Bell, owner of Margins Winery in Santa Cruz, California. Megan had been profiled in the SF Chronicle about the increasing challenges in the wine business. Two years later she was profiled again for having ended her wine company, and host Carol Collison asked her back to talk through her process of deciding to wind down the business, and the sacrifices she made to make sure she paid all her growers and her bankers. Carol and Megan discuss various issues and tendencies that make it difficult for entrepreneurs to make decisions like this: the tendency to ignore information that contradicts your decision, the “sunk cost fallacy”, as well as the role of investments - such as a tasting room lease and tenant improvements - that have the effect of increasing a company’s break-even point and reducing financial flexibility. Carol emphasizes that the discipline and integrity that Megan demonstrated in her wind down of Margins winery reflects the best of American business ethics, and calls to all business managers to remember to “do what you say you’re going to do.” An ethos that has made American entrepreneurship the envy of the world. https://www.agleaders.org/programs/about/ https://www.sba.gov/local-assistance/resource-partners/small-business-development-centers-sbdc Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#117
March 17 · 32 min
Ep 71: Far Niente Board Chair Carol Reber on How to Climb to the Top
Among many the keys to professional success in corporate environments that are discussed in this episode are: make what’s best for the business your “north star” (then your career will take care of itself); focus on the big picture (don’t get lost in the data); but also prioritize your efforts based on data. Host Carol and her guest Carol also discuss challenges that women managers can face and ideas about how to overcome them. Learn what the role of a Board of Directors is (nose in, hands out) and the best ways that managers and board members can work together to advance the business they serve. Reber recommends that owners of businesses of any size find either informal or formal outside advisors to get advice and support when making important decisions. Please note: this is an edited version of a long conversation, some day in the future we may publish an “director’s cut” of the whole thing. https://www.linkedin.com/in/carolreber/ https://farniente.com/ How to become a board member in six steps | McKinsey Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#114
March 3 · 34 min
Ep 70: Sell More Now with Enolytics' Cathy Huyghe
Cathy Huyghe began her career as a writer for Forbes Magazine, writing on the wine business and related business issues. In 2009 she and her co-founder launched a data analytics firm, Enolytics, which takes winery client sales data from all channels and returns actionable information about where and how the winery can improve its sales results. Recently they have incorporated “AI” technology (specifically machine learning) to augment the service, and she and host Carol Collison discuss the pros and cons of using AI. They also discuss a new initiative recently launched, in a joint venture with direct-to-consumer specialists WISE, that provides customers a new way to execute effectively on their DTC data. Cathy shares a new key to success in our 70th interview: get out there and meet people. Enolytics Enolytics 101 LinkedIn LinkedIn Instagram Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#112
February 17 · 42 min
Ep 69: Business Strategy with Sun Tzu and Stoller’s Gary Mortensen
Learn about how Gary Mortensen, President of Stoller Wine Group thinks about business strategy. Gary shares lots of great ideas about how to think creatively about your wine business and how to innovate. Hear what a SWOT analysis (strengths, weaknesses, opportunities, and threats) is and how it can assist your strategic thinking. These concepts are as important to a small winery as a large one. As Gary says, “Big company, big problems. Small company, big problems.” https://www.stollerfamilyestate.com Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#111
February 3 · 40 min
Ep 68: Fred Reno on Virginia: America’s Founding Wine Country
After finishing a long and successful career in the California wine industry, Fred Reno retired to Virginia, the original American winegrowing region. Vines were first planted there in 1619 under orders from the British crown. They were hoping to find an alternative to French wine in its then-colonies. The founding fathers were investors in the wine business too, in 1773. In this 250th anniversary of the Declaration of Independence, Fred and host Carol Collison talk about the history of the Virginia wine business, including viticulture, growing regions and issues in sales and distribution. Fred shares details about his favorite Virginia grape, Norton. And he ends the interview with his keys to success in the wine business, what he calls “the two P’s”: Packaging and Price. https://finewineconfidential.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The PodHouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran
#108
January 20 · 32 min
Ep 67: Rerelease: How Andy Hoxsey Invented Custom Crush
Andy Hoxsey’s family came to the Napa Valley in the early 20th century and through successive generations have farmed and sold grapes, as well as taken significant entrepreneurial risks. Andy tells the story of his (and the Pelissa family’s) acquisition of Napa Wine Company in 1993, with the expressed intention of creating the first high-touch custom crush business, certainly in the Napa Valley but quite possibly in the world. Napa Wine Co was where such brands as Pahlmeyer, Colgin and the star consulting winemaker Helen Turley incubated their brands. On the podcast, Andy shares some interesting stories from his long history in the wine business. https://www.napawineco.com/ Questions? Comments? smallfortunepodcast@gmail.com Sponsor: Global Wine Partners https://www.globalwinebank.com/ Editor: John Kiernan, The Podhouse Productions www.thepodhouseproductions.com Music: Nate Collison Logo Photography: John Corcoran

Showing 1–20 of 24 episodes