His first goal was being able to cover his mortgage
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摘要
Evan Hafer spent twenty years in the Army, fifteen of them in special forces, and started roasting coffee on deployment in Iraq. He funded Black Rifle Coffee by selling his military kit, did $1.37 million in his first year, and took no paycheck for two.
He tells Elizabeth Gore why his first goal was covering a mortgage, how he hired a finance officer once he admitted he could not read a profit and loss statement, and what Malcolm Gladwell told him about the ten percent who will dislike him no matter what.
Featuring
Evan Hafer, Founder and Executive Chairman, Black Rifle Coffee Company
Elizabeth Gore, Co-Founder and President, Hello Alice
Presented by Block Advisors, built by H&R Block.
Timestamps
0:00 Tax break: new SBA money for veteran-owned businesses
2:10 The cracked Denny's mug he carried on every deployment
4:39 The shadow box, and selling his kit to fund the company
6:30 What he actually carried overseas, and Triple R
8:40 Growing up in a logging family in northern Idaho
10:38 What his childhood smelled like
13:31 The mission came before the monetization
14:56 $1.37 million in year one, and no paycheck
15:34 Step one was being able to cover the mortgage
16:20 Why the Stanford basement story fits almost nobody
18:27 When interest rates hit 6 percent, business got real
19:39 He hired a finance person once he admitted he could not read a P and L
21:10 A $10,000 check in year one, before he paid himself
22:18 What a publicly traded benefit corp lets him do
23:50 People will try to exploit your goodwill
25:58 The New York Times interview with 83 inaccuracies
27:50 Malcolm Gladwell and the rule of 10 percent
29:11 Why courage is a learned behavior
31:20 The book he rereads every other year
32:25 Building the largest coffee subscription in America
34:40 Going where the customer told him to go
35:38 Operation Debt of Gratitude
38:19 The dirty unicorn: inventory bigger than distribution
39:16 Patient profitable growth
42:36 His small business shout-outs
44:30 Eisenhower, and the painting on his wall
#BlackRifleCoffee #veteranowned #smallbusiness #founderstory #TheBigIdea #YahooFinance
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