Big beer brand closes breweries without filing Chapter 11 bankrutpcy
While the beer maker has not filed Chapter 7 or Chapter 11 bankruptcy, it did close all its locations.
Many breweries start more as a dream than a business plan,
In a lot of cases people go into the beer business because they love beer and want to follow their passion. That's sometimes a recipe for success, but there's a reason so many breweries, restaurants and other passion-based businesses fail.
Related: Iconic ice cream, fast-food chain closing dozens of locations
Passion goes only so far. Doing something you love can make it easier to put in long hours, make sacrifices, and do all the other things needed to give yourself a chance at success.
A chance, however, is not the same as a guarantee. The competition in the beer business has become intense, with local breweries battling with regional and national brands.
In many cases, markets have become saturated, so being really good is often not good enough. You must win recurring business in spaces where the biggest fans tend to want to try new things.
