How to be a great entrepreneur

What does it take to be a successful entrepreneur in the ultra-competitive eating and drinking-out market? A Peach 2020 conference session chaired by Mowgli founder Nisha Katona got the inside track from three start-up experts: Grind’s David Abrahamovitch, KERB’s Ollie Hunter and Love Lane Brewery, Bar & Kitchen’s Stephen Crawley. Here are seven of their lessons.
     

Closures start to slow for GB’s licensed premises as bright spots begin to emerge 

New Market Growth Monitor from CGA and AlixPartners shows sharp contrasts between managed and independent restaurants, and between food-led and drink-led pubs. Britain’s number of licensed premises dropped 2.0% in the 12 months to September 2019, the latest Market Growth Monitor from CGA and AlixPartners reveals—but the success of dynamic new restaurant brands and the evolution of food-led pub groups have provided bright spots in a challenging market.
     

How to get ahead in late-night drinks

The late-night arena has seen significant closures over the past few years, and it may not seem an obvious channel for opportunities. But with outlet decline slowing and a number of exemplary operators doing great things, prospects here are brighter than some think. However, in such a nuanced and volatile market, extra sales and successful brand launches will only come with an informed channel strategy that considers the unique dynamics of a fast-changing sector. CGA’s director of client services Jonny Jones highlights the opportunities in a channel that can be lucrative but turbulent for operators and suppliers.