-
Essay / Young Canadian Entrepreneurs: Manjit Minhas' Success Story
Table of ContentsBusiness history, products/services and backgroundBusiness annual revenues and other financial dataThe entrepreneur's educational and professional backgroundWhat inspired them to getting started in your business/industryWhat are the main challenges in establishing and achieving a successful businessHistory, products/services and business backgroundThe history of Minhas Brewery and Distillery, which is now a group of companies with over 155 million dollars last year with even more revenue expected for this year, begins in 2006. In 2006, Manjit Minhas and his brother purchased what was at the time the second oldest brewery in the United States, originally named Joseph Huber, for $10,000, grouped together by the siblings who refused to borrow money from their parents and were denied loans by every bank they used. . Since then, the Minhas siblings have grown the original brewery based in the US Midwest and secured international and domestic distribution deals with Costco's iconic "Kirkland" brand and Trader Joe's in the US. While introducing new products and expanding its brand, Minhas Brewery has also become a leader in social and environmental aspects in its sector. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”?Get the original essayThe company's annual revenue and other financialsNet worth: $200 million Manjit started out profiting $10,000 with his brother to acquire one of The oldest brewing companies was called Minhas Craft Brewery, which was formerly named Joseph Huber. The brewing company is currently one of the largest in Canada and over 200 people are employed by Minhas Craft Brewery. The company's sales exceed $150 million. In June 2012, Manjit and his brother launched their second business in Calgary, Alberta, a brewery named Minhas Micro Brewery. The combined brewery and distillery companies are worth $155 million. The company has sold more than 6 million pints of beer. The company owns more than 90 brands of beers, spirits, liqueurs and wines. Its products are sold in 43 states across the United States, they are also sold in Ontario, Alberta, Saskatchewan, as well as 15 other countries located in Europe, Asia and South America. Entrepreneur's Education and Business Background Manjit Minhas was enrolled in engineering programs at the University of Calgary and the University of Regina, she also studied petroleum engineering; however, after a few years her focus shifted towards entrepreneurship and she decided to focus on starting and marketing businesses. Manjit Minhas is the co-founder and co-owner of breweries, distilleries and wineries under the Minhas Brewery name. Currently, it owns more than 90 brands of beers, spirits, liqueurs and wines. Its products are sold in 5 provinces (Ontario, Alberta, Saskatchewan, Manitoba and British Columbia), as well as in 45 states in the United States and 16 other countries. Manjit Minhas takes social responsibility very seriously and is therefore the first brewery in Canada to voluntarily place a management warning on all its beer cans. The management warning on the cans reads "Management Warning: Please do not drink and drive - ever. Pregnant women should avoid drinking alcoholic products. Enjoy this product responsibly - Respect yourself and the others". She puts this on everyoneher products because she believes that as a responsible brewer and citizen of this country, it is important that she does her part to educate Canadians. Most recently, Manjit Minhas has invested in a wide range of small private companies in his new role as "Dragon" on CBC TV's Dragons' Den. In addition, it created and manufactures a special 48-can package of Kirkland Light beers for Costco sold around the world, which contains the least packaging materials compared to any other product in Canada or the United States. It does not use plastic hi-cone rings and requires the least amount of box materials. This product alone will save millions of pounds of packaging materials that end up in already overburdened landfills. Similarly, Manjit Minhas has sold millions of cases of other brands of its beers, such as Boxer Lager, with minimal packaging materials and using sound environmental engineering principles. . Additionally, she believes that effective use of science and engineering can bring a lot of good into people's lives. She used her engineering training to produce beer using the least amount of cleaning and water treatment chemicals, gas, electricity and water. Which inspired them to get into his business/industry. Appearing in Edmonton on October 18 at a TD-sponsored conference, Minhas had an inspiring speech aimed at the small business audience on how to succeed. The main words of her speech were: “I'm drawn to mentoring women because I love getting them to think outside the box, break that glass ceiling and go into a business they're passionate about.” She was mostly ignored by all the Canadian distillers she chose. approached to co-pack the product. It was a struggle. For many reasons, she attended a distillers conference in Texas. The main reason was contact tracing. “My plan was to meet as many people as possible and present my pitch about who I was and what I was looking for to each person I met,” Minhas says. The beginning of her journey into big business began when she discovered that her target ran the largest family-owned distillery in the United States and shipped its products to Canada. His first supplier also became one of his first mentors. Minhas believes in the power of giving and receiving mentorship. “TD recognizes the undeniable value that mentoring can have for small business owners,” said Sara Thomson, Senior Vice President, Small Business Banking at TD. “That’s why it’s so important to us to sponsor events that connect our small business clients with successful, inspiring entrepreneurs – and potential future mentors – like Manjit.” “It’s easy to find a mentor. In particular, you need a business plan and good ideas. What are the main challenges in creating and making the business a success? The first challenge Manjit Minhas faced was breaking into the industry. This was difficult since Manjit Minhas did not have a background in the brewing industry, but instead studied engineering at the University of Calgary and the University of Regina. Another challenge faced was that when the first banks would not give Minhas a loan without her parents co-signing for her, because Minhas wanted to do it herself, she started the business using $10,000 of her own funds. own savings. By far his biggest challenge was due to his rapid success, which caught the attention of the Ontario Provincial Police, who.