12+ years of experience in different fields of business, now running a whole new company that sells a hang-over preventative drink, growing his business with over 5 FTEs. (Alec Balcombe)

financial exit food and beverage fte 1-5 operational exit podcast sales $0.5m-$1m aud tasmania Nov 15, 2022

In this episode, I interview Alec Balcombe, the Co-Chief of Dodge based in Hobart, Australia. Alec together with his business partner, set up their business to provide Dodge, an all-natural, non-alcoholic, hangover preventative drink to the Australian and global market. 

From working as a furniture designer, Alec decided to enter various business industries until he found his current company in the industry of Food and Beverage Services. Dodge was established in 2021 and has been running for over a year now. Growing his business with over 5 FTEs. 

Alec mentioned that one habit a small business owner should maintain and develop is cleanliness because a clear space is a clear mind. So to fully achieve this, he encouraged business owners to have an absolute cleanliness site. He also added, “Everything's in the cloud, whichever cloud it is that you store your sheet in, keep it clean.”

This Cast Covers:

  • Running an all-natural, non-alcoholic, hangover-preventative drink.
  • Developed with Monash University over the past 18 months.
  • Growing into 2 million dollars in revenue.
  • Started his first business at the age of 21.
  • From being a furniture designer to now more of a business person.
  • Hustling and grinding to meet the standards of new opportunities.
  • Jumped into a software business and developed a CRM.
  • Providing a solid contribution to the success of a public headphone company.
  • Mentors are significant to the productive and effective growth of any small business.

Links:

Additional Resources:

 


 

Quotes:

“Surround yourself with people who are good at the things you don’t know.” —Alec Balcombe

“It’s so important to have the right capital up front.” —Alec Balcombe

“Do your homework, do your due diligence, and take your time.” —Alec Balcombe

“Hire people that can contribute to the success of the business and are motivated and have the skill to go.” —Alec Balcombe

“Surround yourself with smarter people.” —Alec Balcombe

 


 

Music from https://filmmusic.io “Cold Funk” by Kevin MacLeod https://incompetech.com.
License: CC by 
http://creativecommons.org/licenses/by/4.0

 

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