
72 segments available
James Watt is the CEO and founder of Brewdog, the Scottish craft beer sensation that is now valued at $2 billion. A former sea captain, he’s had to navigate increasingly choppy waters at Brewdog. Topics: 0:00 Intro 01:36 Your early years 09:00 Being a sea captain & what it taught you 13:23 The start of Brewdog 26:25 Your marketing principles 38:59 Adjustments from being a fisherman to CEO of a global company 44:09 Your leadership evolution 49:31 Why don't you step down as CEO? 52:47 Did you ever imagine you’d be here? 58:34 Forgiving your mother for creating 'that voice' 01:04:21 Punks with purpose letter 01:15:57 Horrific interviewing techniques 01:22:26 Why did you invest in Heineken? 01:25:15 Autism 01:28:25 Whats the silver lining here? 01:29:46 Anxiety & Therapy 01:35:28 The future of Brewdog - sustainability 01:40:14 Finance advice 01:45:52 The last guest question Are you ready to think like a CEO? Gain access to the 100 CEOs newsletter here: https://bit.ly/100-ceos-newsletter James: https://www.instagram.com/brewdogjames/?hl=en https://twitter.com/BrewDogJames?s=20&t=wXnTEyTvBKbmeTrXwFFrcg Shows mentioned Good Ship BrewDog, BBC sounds - https://www.bbc.co.uk/sounds/brand/p0cfkklv?partner=uk.co.bbc&origin=share-mobile The Truth about BrewDog - https://www.bbc.co.uk/programmes/m0013yfj Books mentioned: Ben Horowitz - amazon.co.uk/Hard-Thing-About-Things-Building/dp/0062273205/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr= Listen on: Apple podcast - https://podcasts.apple.com/gb/podcast/the-diary-of-a-ceo-by-steven-bartlett/id1291423644 Spotify - https://open.spotify.com/show/7iQXmUT7XGuZSzAMjoNWlX FOLLOW ► Instagram: https://www.instagram.com/steven/ Twitter: https://twitter.com/SteveBartlettSC Linkedin: https://www.linkedin.com/in/steven-bartlett-56986834/ Sponsors: Craftd - https://bit.ly/3JKOPFx Huel - https://my.huel.com/Steven Vodafone Business - https://bit.ly/3NIM35n https://bit.ly/3AuPKsA
James Watt addresses the controversies surrounding Brewdog, including allegations of bullying and unfair dismissals. He reflects on the challenges of rapid growth and the loneliness of being a CEO, especially during crises like the pandemic.
"you've had a lot of controversy over the last two years bullying lying unfair dismissals all of this stuff what'd you say to that i did i did push people too far how fast did brudog grow we have grown..."
James Watt shares insights from his childhood in a small fishing village in Scotland, discussing how his upbringing and experiences shaped his identity and leadership style. He reflects on the hard work ethic instilled by his family and the challenges he faced growing up.
"[Music] james what is the you've listened to this podcast before so you know i have a theme of where i start i'm like trying to frame as a surprise that i'm going to start with your childhood but um f..."
Watt opens up about his struggles with a speech impediment and acne during his childhood, which contributed to feelings of being an outsider. He discusses how these experiences have influenced his entrepreneurial journey and the traits common among entrepreneurs.
"and go that's the first dot i can connect what are those i think there's i think there's a few so grew up in a tiny fishing village northeast of scotland my dad was a fisherman my mum was a school tea..."
James Watt recounts his time as a fisherman in the North Atlantic, emphasizing the resilience and teamwork required in that environment. He explains how these experiences taught him valuable lessons about leadership and the importance of character in difficult situations.
"point of i can relate a lot a lot to a lot of that um especially the the i the thought of feeling a bit like an outsider feeling somewhat different were you bullied in school a little bit i mean the s..."
Watt introduces the Stockdale Paradox, explaining the importance of confronting harsh realities while maintaining faith in eventual success. He shares how this philosophy influences his approach to leadership and decision-making within Brewdog.
"think and finding your own way to do things and finding your own way to come out of business an opportunity or a problem and i think if you're a bit of an outsider it maybe helps with that you mention..."
James Watt discusses the qualities he looks for in his management team, emphasizing the importance of resilience and the ability to face challenges head-on. He shares his approach to fostering open discussions about difficulties within the business.
"he he sounds like he was a very um hard-working individual he he was indeed i mean still to this day he's in his late 60s he's a lobster fisherman which is a kind of tough intense i've seen the early ..."
Watt narrates his transition from studying law to becoming a fisherman, highlighting the pivotal moment when he realized he wanted a different path. He reflects on the lessons learned during his time at sea and how they prepared him for entrepreneurship.
"on that boat yeah and you're on a trawler in the north atlantic yeah which is a stupid thing to do if you're me and you're as big of a coward as i am going out on those seas i've seen the documentarie..."
James Watt shares the story of how Brewdog was founded, detailing the initial struggles and the passion that drove him and his co-founder, Martin Dickey, to turn their hobby into a business. He describes the early days of brewing beer in a garage.
"person to be with on that deck yeah there's something called the stockdale paradox that i think is is really important and kind of ties into this so james stockdale was an american naval captain who w..."
James Watt discusses the uncomfortable challenges that often exist within leadership teams. He reflects on the importance of addressing these issues head-on, despite the discomfort they may bring, and shares insights from his experience as a captain navigating tough waters.
"i thought i was thinking it um yeah so i um you're right because there's always kind of an elephant in the room at companies where many individuals in the room will know that there's certain challenge..."
James Watt recounts his transition from being a sea captain to co-founding Brewdog with his friend Martin Dickey. He shares the humble beginnings of their beer-making journey in a garage and the passion that drove them to turn their hobby into a business.
"yeah which was a really great you know brave thing to do in my in my estimation your captain of the boat yeah i spent a bit of time with captain in the boat with my guys why why did you leave that tha..."
Watt reflects on the early days of Brewdog, highlighting their determination to create high-quality beers despite having no experience or capital. He emphasizes their disillusionment with the mass-market beer industry and their desire to introduce consumers to a diverse range of flavors.
"up in a derelict dystopian industrial unit in fraserburgh in a god forsaken industrial estate and with no money so it was beg barter bootleg to kind of set this facility up we had like old dairy tanks..."
James Watt shares the hardships faced during Brewdog's initial years, including financial struggles and rejection from potential customers. He describes a particularly tough moment when he faced multiple rejections while trying to sell their flagship beer, Punk IPA.
"the first the first few years were so so tough what gave you the right to start a beer company nothing at all you can't make i can't make beer how did you go about educating yourself and how to make b..."
In this segment, Watt explains why he and Martin refused to quit Brewdog despite overwhelming challenges. He discusses the internal voice of inadequacy that fueled their determination to succeed and the importance of pursuing their passion for brewing.
"us came in 2008. and you you described that period as being one of the toughest of your life that first year give me a a detailed flavor of the the hardest is there a moment in that period where you y..."
Watt recounts a pivotal moment in 2008 when Brewdog entered a Tesco beer competition. He describes the unexpected success of winning multiple awards and how this recognition opened doors for their fledgling business.
"going to tell the bank we've got this loan we can't pay the loan back we can't pay the rent in the building i've been up for almost 30 hours this is going nowhere like what can we do to try and get th..."
James Watt shares how winning the Tesco beer competition led to a significant contract with the supermarket chain. He discusses the pressure of fulfilling a large order and the strategic decisions made to scale their operations.
"for us that came in 2008 we sent some viewers into a tesco beer competition so this was at a time that we were selling let's say 10 cases a week at most sent the beer to the tesco beer competition kin..."
Watt reveals the lengths he and Martin went to secure funding for Brewdog, including misleading banks about their capabilities. He discusses the challenges of being a startup and the necessity of creative problem-solving in the face of adversity.
"could make that order so we had four months to figure out a way to do this so got back sat down with martin it's like okay we've got this opportunity but we need a plan and we decided okay we need a b..."
In this segment, Watt reflects on the early years of Brewdog, detailing how they managed to secure funding and the importance of their first successful beer sales. He highlights the transition from struggling entrepreneurs to a more stable business.
"i waited ten years until i told them until i told them the truth i thought there's like a safe amount of time they're not going to take the money back uh we got we got the bottle machine in we got the..."
James Watt introduces the concept of 'Equity for Punks,' a crowdfunding initiative that allowed Brewdog to raise capital while building a community of invested customers. He discusses the risks and rewards of this innovative approach to business.
"that first year where they're selling okay and in the second year but they're selling much better yeah what was the causal factor of that sales increase that started to get the thing get things moving..."
Watt emphasizes the significance of community in Brewdog's success. He explains how the Equity for Punks model not only raised funds but also created a loyal customer base that feels personally invested in the brand.
"launched equity punks it's the most nervous as i've been in this business journey because i knew if it doesn't work like game over for us a business so many people told us it was a bad idea so many pe..."
In this segment, Watt discusses the ongoing relationship Brewdog has with its community of investors and customers. He highlights the importance of feedback and collaboration in shaping the company's direction and product offerings.
"bars they feel like they're walking into one of their their own buyers when they buy our beer off the shelf they feel it's their own beer because they're part owner of that company so completely new b..."
James Watt discusses Brewdog's commitment to creating a business that prioritizes community over profit. He highlights the significance of their annual meeting in Aberdeen, which attracts thousands of equity punks, showcasing Brewdog's unique approach to engaging with its supporters and fostering a sense of belonging.
"because we could have raised money in other ways but it's about building a different type of business and a business that's focused on community and we do so much with our community and we have our bi..."
Watt outlines Brewdog's distinctive marketing principles that differentiate the brand from competitors. He explains their two key tests for marketing initiatives: whether another business could replicate the idea and if it can deliver a tenfold return on investment, emphasizing the need for bold and innovative strategies in a competitive industry.
"quick one we bring in eight people a month to watch these conversations live here in the studio when we're here in the uk and when we're in la if you want to be one of those people all you've got to d..."
James Watt shares some of Brewdog's most audacious marketing stunts, including driving a tank through London and throwing taxidermy cats from a helicopter. He explains how these bold actions were necessary to gain visibility and establish the brand in a crowded market, all while staying true to Brewdog's core values.
"competitor would spend that money and if i'm thinking about how to get a drive a better return on marketing you know and then i think about what you've done i see well we've got to be probably bolder ..."
Watt recounts Brewdog's strategic move to complain about their own beer to highlight the absurdities of industry regulations. He discusses the backlash and media attention that followed, illustrating how Brewdog used controversy to challenge the status quo and draw attention to the issues faced by smaller breweries.
"there has to be a connection there so does this reinforce what we believe in what we're trying to do as a company because otherwise it's just hollow and it's fake and it's false so how does this reinf..."
James Watt reflects on the media frenzy surrounding Brewdog's high-ABV beer, Tokyo 18, and how it positioned the brand as a disruptor in the beer industry. He discusses the challenges of navigating public perception and the importance of using controversy to elevate the conversation around craft beer.
"downfall of western civilization by making an 18 beer we had it in the sun binge drinking blame this man with like a cut out of my head in a bottle of tokyo that took a bit of explaining to my very re..."
Watt shares a story about Brewdog's experience at an industry awards ceremony where they were initially denied recognition due to pressure from a major sponsor. He explains how this incident sparked a social media uproar, demonstrating the shifting dynamics in the beer industry and Brewdog's growing influence.
"there was a award ceremony in scotland in 2010 um put together by the bi the british innkeepers institute and we've got a heads up before the award ceremony hey guys you're going to win the award for ..."
James Watt discusses how competition and imitation are signs of success in business. He emphasizes the importance of being a threat to competitors and how Brewdog's innovative approach has led to others trying to replicate their success, reinforcing their position as a leader in the craft beer market.
"extreme marketing thing that i saw which was um when i first read i thought this is [ __ ] hilarious is the elvis estate tried to copyright uh infringe you for calling your your us beer which i think ..."
Watt recounts the humorous yet serious situation involving Brewdog's Elvis Juice beer and the legal threats from Elvis's estate. He explains how they creatively responded by temporarily changing their names to Elvis, showcasing Brewdog's playful yet strategic approach to marketing and brand identity.
"and in terms of how hard you've in terms of the the return on every dollar you've spent it's it seems to have been a pretty astounding return per dollar spent because you've done these like big viral ..."
James Watt reflects on past marketing missteps, particularly the Pink IPA campaign aimed at highlighting the gender pay gap. He discusses how the execution was misunderstood and the importance of ensuring that marketing messages are clear and contextually relevant to avoid misinterpretation.
"too far in hindsight now now that you're a big global brand and everyone is you know looking back at all the steps when you weren't so big yeah i think the mistakes that we've made in marketing is whe..."
Watt draws parallels between his past as a sea captain and his current role at Brewdog. He discusses the adjustments needed to transition from a maritime environment to leading a global company, emphasizing the leadership skills and resilience developed during his time at sea.
"snapshot because a lot of people's not going to dig deeper into what it is what i got from that was that like you've got to create a marketing campaign where the context is sort of can't be separated ..."
In this segment, James Watt discusses his evolution as a leader over the past decade. He acknowledges the intensity and drive he brought to Brewdog and how he learned to better lead a growing team. Watt emphasizes the importance of understanding the motivations of his employees and the need to inspire rather than push them, marking a significant shift in his leadership approach.
"down the line i can see you being a very good captain on a boat you and i just generally you're you in a couple of moments you know i didn't know you before you'd walked in the door but in a couple of..."
James Watt opens up about the loneliness that comes with being a CEO. He shares insights on the challenges of leadership, including the psychological pressures and the need for mentorship. This segment underscores the importance of having support systems in place for leaders navigating the complexities of managing a large organization.
"we're going to add a thousand people to the team so it's like a thousand amazing well-paying jobs in a recession which our country which our economy needs so we're expanding all the time but just how ..."
Watt discusses the importance of aligning employee incentives with the company's success. He shares Brewdog's innovative approach to profit-sharing, where team members receive equity in the business. This segment highlights how creating a sense of ownership among employees can drive motivation and commitment, ultimately benefiting the company as a whole.
"kind of reflected a lot on leadership in the last 12 months is to take people with you you've got to make them understand the why behind what you're doing and making a first decade of a leader is like..."
In this segment, James Watt outlines Brewdog's vision for a radically different business model that prioritizes community ownership and sustainability. He discusses recent initiatives, including sharing profits with hospitality staff and becoming the world's first carbon-negative beer business. This segment emphasizes Brewdog's commitment to social responsibility and innovation in the industry.
"that kind of stuff they don't want hey i've got this kind of leadership channel it's like they don't care which is which is amazing but then being a ceo is a very very lonely job at times and like inc..."
James Watt shares his ambitious vision for the future of Brewdog, aiming to build one of the world's best beer companies. He reflects on the company's growth and the potential for meaningful impact in the industry. This segment captures Watt's excitement for the journey ahead and his commitment to sustainability and community engagement.
"business so we've recently launched the blueprint which is i think the biggest most important announcement in the history of our business so firstly i decided to give almost 100 million pounds of my o..."
In a candid moment, James Watt reveals his feelings of indifference towards Brewdog's past achievements. He expresses a desire to focus on future goals and the potential for growth and impact. This segment highlights the mindset of a driven entrepreneur who is always looking ahead, rather than resting on past successes.
"get there but that is exactly like we've got reasonably high expectations of of our team we like to push hardware in our industry dominated by companies much bigger than ours so we need to be on our a..."
Watt reveals his surprising feelings of indifference towards his achievements at Brewdog. He explains that while he acknowledges the company's growth, he is more focused on future goals and the potential for impact rather than resting on past successes.
"they've done in their industry for a beer so what i'm insanely excited about is okay we've given ourselves a platform we've now got over three thousand staff we now make beer in four contents we've no..."
Reflecting on his journey, Watt discusses how he and his co-founder envisioned their success back in 2007. He contrasts the excitement of building Brewdog with the reality of feeling unfulfilled despite achieving significant milestones.
"honestly it's close and different so we've done some fantastic things but overall we're still relatively small in the overall scheme of things i'm like in terms of like if i spend like maybe five perc..."
Watt shares his experience of reaching significant milestones, such as becoming a unicorn company, and the anticlimactic feelings that followed. He emphasizes the importance of continuous growth and setting new goals rather than seeking a final destination.
"you're going to be opening a thing in vegas you would have and i said how do you think you're going to feel on that day what you said to me well i think there's there's two answers to that question so..."
In this segment, Watt discusses the nature of goal-setting and the idea that achieving a goal can lead to an anticlimactic experience. He suggests that creating ongoing challenges can be more fulfilling than reaching a defined endpoint.
"you're not content are you because you're saying that yeah you're saying you're indifferent yeah no if you'd asked me that then i would yeah i'm gonna like spend half of my time in the office half of ..."
Watt reflects on his experience of becoming a cash millionaire after Brewdog's valuation soared. He shares the emotional rollercoaster of achieving financial success and the realization that happiness is not guaranteed by wealth.
"die somewhere along the journey but that kind of goes against the trend of like goal setting and what's your goal and what's your five-year plan and this kind of underlying assumption that finish line..."
James recounts a humorous yet stressful incident where a typo caused a large sum of money to be sent to the wrong account in Russia. This story highlights the unpredictability of business and the challenges that come with financial success.
"was build a unicorn and then the next day i was just like okay let's let's go where do we go from here that was your first big sort of cash windfall personally because the money some money went into t..."
Watt discusses the common theme among successful individuals that achieving their dreams often does not lead to lasting happiness. He reflects on how the challenges and pressures remain, regardless of financial success.
"russia what a place to send it [Music] yeah the start code sent it to bankinson petersburg and they're like well the bank might even want to send it back because okay oh my god so now now double tripl..."
In this segment, Watt opens up about the internal voice of doubt that haunts him, stemming from childhood experiences. He explores how this voice influences his ambitions and drives him to prove himself.
"bit of a celebration a bit of a kind of quieting of the voices of the head for a few days and then go again when you say the demons what do you mean that inadequacy complex like you're not good enough..."
Watt reflects on his relationship with his mother and how her words impacted his self-perception. He discusses the difficulty of forgiveness and how past experiences shape his current mindset.
"but i think there's a lot of incidents like that that's where that voice comes from and i mean the voice of the voice is very much part of me um and i think it's helped me push maybe push too hard at ..."
Watt delves into the concept of validation and how it drives his ambitions. He contemplates whether the voice of doubt is necessary for his success and the complexities of seeking approval.
"watch it which was which was tough when people talk about forgiveness they they always say that it's a process of like letting a prisoner go and realizing you were the prisoner the whole time um anoth..."
In this insightful segment, Watt discusses how his understanding of ambition has evolved. He contrasts superficial ambitions with intrinsic motivations, emphasizing the importance of pursuing meaningful goals.
"validation is so important to us this is a really interesting topic that i that this was the last chapter in my book and i actually didn't know i knew what i wanted to try and get to but i didn't know..."
James Watt discusses the Brewdog Blueprint, a manifesto aimed at creating a sustainable business model. He reflects on the controversies Brewdog has faced, particularly the 'Punks with Purpose' letter from former employees, and how it has influenced their commitment to improving workplace culture and transparency.
"i think that's a great point i love your book by the way and i've actually highlighted a few yeah i have a few points in that in that section and i think at the moment ambition are things that can be ..."
In this segment, James Watt addresses the feedback from the 'Punks with Purpose' letter, acknowledging the valid concerns raised about workplace culture. He emphasizes the importance of using criticism as a catalyst for improvement and shares how Brewdog has implemented changes based on employee feedback.
"so one of the things you announced which you talked about earlier is this this new manifesto for your business called the the brew dog blueprint creating the business of tomorrow and this is kind of t..."
James Watt reflects on the challenges of leadership, particularly when faced with allegations of a toxic workplace. He discusses the emotional impact of receiving critical feedback and the responsibility he feels as CEO to address and rectify issues within Brewdog.
"review of culture we spoke to over a thousand people inside and outside the company and we made a whole host of changes we invested in hr we put a page in place across the board we added resource wher..."
Watt shares insights on the importance of company culture and how Brewdog has evolved its approach to employee satisfaction. He discusses the need for transparency and collaboration in creating a positive work environment, highlighting the significance of employee feedback in shaping company policies.
"business what did you think was fair i think it's completely fair to say that i at times in the journey have been too intense that i have been too demanding that i have set standards for the team whic..."
In this segment, James Watt addresses the mixed nature of feedback received from employees and the media. He distinguishes between constructive criticism aimed at improvement and disingenuous attacks, emphasizing the need to focus on genuine feedback to foster a better workplace.
"individuals and unfortunately i can't say too much at the moment because there's two ongoing court cases but there's been a large amount of criminality involved in this as well and hopefully one day i..."
James Watt discusses Brewdog's commitment to transparency through initiatives like the transparency dashboard. He explains how sharing employee satisfaction scores and other metrics can build trust and accountability within the company, ultimately leading to a more engaged workforce.
"success which i think is a bit to play there as well so yeah some of the elements of feedback that i felt wasn't coming from a genuine place where somebody kind of hired us to hear for as the other bi..."
Watt reflects on Brewdog's history of transparency, including the DIY Dog initiative that shared beer recipes with the public. He emphasizes the importance of openness in business practices and how it aligns with Brewdog's core values, setting a precedent for accountability in the industry.
"company in america junior people senior people middle managers i did the same for a retail business for a production business i did face-to-face workshops on it it's like here's what we're thinking ab..."
In this segment, James Watt discusses the implementation of anonymous employee surveys to gauge workplace satisfaction. He highlights the significance of independent feedback in fostering a culture of trust and continuous improvement within Brewdog.
"that's a level of transparency we've committed to here and i think that commitment to transparency isn't something new in our business in 2014 we launched something called diy dog so with diy dog and ..."
James Watt shares his reaction to allegations of inappropriate interview practices within Brewdog. He expresses his horror at the situation and takes full responsibility for the company's culture, emphasizing the need for ongoing improvement and accountability in leadership.
"bbc reports and i'm looking through i'm listening to the podcast i like to do my research so i watched the documentary yeah i listened to all six six and a half parts of the podcast the bit that where..."
Watt reflects on the challenges of maintaining a positive workplace culture in a male-dominated industry. He expresses horror at reports of misogynistic behavior within Brewdog, acknowledging the need for systemic changes to protect all employees and foster a more inclusive environment.
"but myself because i've either hired that person set the tone for the culture instructed that person communicated with that person communicated with their manager so it's all a direct consequence so w..."
James Watt outlines the measures Brewdog has implemented to ensure employees can report concerns safely and anonymously. He discusses the establishment of an independent ethics hotline and a diversity inclusion forum, emphasizing the importance of listening to team members to build a stronger, more inclusive company culture.
"so we can be the best representation of this company and build it to how we want it to be is that one of the trends that was very obvious in this documentary was because i assume brewer the brewery in..."
Watt shares how becoming a father has influenced his perspective on leadership and company culture. He discusses the importance of creating a supportive environment for all employees, particularly in light of incidents of misogyny, and how he aims to instill values of respect and inclusivity in Brewdog's culture.
"think it's fundamentally important that we are as diverse and inclusive as our customer bases as well we've now got a diversity inclusion forum within the business with people from all over the busine..."
James Watt reflects on his controversial investment in Heineken, admitting it was a mistake that contradicted Brewdog's values. He explains the rationale behind the decision and the lessons learned about maintaining integrity and staying true to the company's mission.
"have two amazing daughters they're eight eight and five oh wow yeah um the eldest one is uh sometimes makes beer with me at home in the kitchen and i mean saturday afternoon which is at five does she ..."
Watt discusses the reasons behind Brewdog's decision not to sell the company, emphasizing his commitment to its growth and values. He shares insights on the strategic partnerships they pursue and the importance of staying true to their mission while navigating the beer industry.
"you said you know i [ __ ] up on this particular point was investing in heineken and you've explained many times you know the thesis behind why you did that yeah i know that was i know people were tal..."
James Watt opens up about exploring the possibility of being on the autism spectrum, reflecting on how it may explain some of his social interactions and leadership style. He discusses the importance of empathy in leadership and how he is working to improve his understanding of social cues.
"to see is there an option opportunity to work together strategically and distribution that helps us through the business but we're fully committed to we're 15 years in we're fully committed to the nex..."
Watt shares his personal experiences with anxiety, particularly in relation to media scrutiny and leadership challenges. He discusses the impact of anxiety on his decision-making and the importance of addressing mental health in the workplace.
"last 12 months which i think we had to do inside the feedback and one of the things i'm definitely working on at the moment is how can i be more empathetic empathetic as a leader and i think that'll m..."
In this segment, James Watt opens up about his personal struggles with anxiety, particularly in relation to media pressures. He discusses the physical and emotional toll it takes on him and how he manages it through breathing exercises and therapy. Watt highlights the importance of mental health awareness in leadership and the need for transparency with his team during tough times.
"anxiety interesting topic i talk about a lot here i've experienced it myself my anxiety was it has been worse and hardest to control yeah or diffuse with media related things yes so yeah so tell me ab..."
James Watt discusses a pivotal moment during the COVID-19 pandemic that changed his approach to leadership. He shares how admitting vulnerability and fear to his team fostered trust and connection. This segment underscores the importance of personal transparency in leadership and how it can strengthen team dynamics.
"i'll work on a few breathing exercises death work is is really good so i usually do a daily breath work practice which i think is really key as well and i think overall as a society we're trending tow..."
Watt explains his journey with therapy, starting during his separation from his ex-wife, and how it has helped him become a better leader and father. He emphasizes the value of understanding oneself to improve leadership effectiveness and discusses the benefits of intensive therapy experiences.
"used to think like i did that ceos weren't meant to talk about it yeah but i mean that quote that i shared with you it's like the first rule of ceo psychological meltdown is not to speak about ceo psy..."
Looking ahead, James Watt shares Brewdog's ambitious growth plans, particularly in the U.S. market. He highlights the company's commitment to sustainability, people, and quality beer as the three pillars guiding their future. This segment sets the stage for Brewdog's evolving role in the craft beer industry.
"this is how i can then react better in certain situations as a force as opposed to following default patterns which maybe didn't help me a busy person like you yeah why would you what inspired you to ..."
James Watt discusses Brewdog's groundbreaking commitment to sustainability, including becoming the world's first carbon-negative beer business. He details the company's initiatives, such as tree planting in the Scottish Highlands and investments in renewable energy, showcasing Brewdog's proactive approach to environmental responsibility.
"expect of someone looking in from the outside you should expect us to focus even more in the three most important things in our business and that is sustainability that is people and that is beer so t..."
In this segment, Watt responds to criticisms regarding Brewdog's sustainability efforts, particularly the timeline for their Lost Forest project. He clarifies the reasons for delays and emphasizes the company's commitment to transparency and accountability in their environmental initiatives.
"climate crisis i think it's the best businesses working hand in hand with scientists to put things in place and i think when it comes to members of the public as well they can almost have more of an i..."
James Watt shares his insights on the critical role of financial literacy for entrepreneurs. He reflects on his own journey of self-education in finance and how understanding the financial aspects of business has been essential for Brewdog's survival and growth. This segment highlights the often-overlooked importance of finance in building a successful startup.
"a tremendous um tremendous business in terms of scale and product and your customers love what you're doing you've built that cult yeah in your customer base one of the pieces of advice you gave i bel..."
James Watt argues against outsourcing critical business functions, even when cash is available. He explains that early-stage startups should remain close to their data and insights to ensure authenticity and alignment with their brand vision. This segment provides valuable advice for entrepreneurs on maintaining control over their business's core operations to foster genuine connections with customers.
"about how to break through disrupt and also how to just develop yourself as an entrepreneur absolutely and that comes back to a key fundamental part of our approach which is love a constraint so most ..."
Reflecting on his journey, James Watt contemplates whether his younger self would be proud of his accomplishments. He acknowledges the challenges faced along the way and expresses gratitude for the success he has achieved, including his family life. This introspective moment highlights the personal growth that accompanies entrepreneurial endeavors.
"digit show and of course they're incentivized to over sell all of these but to get your take on that why do you not outsource things when you're in that even if you had the cash why shouldn't i outsou..."