James Sinclair's Business Broadcast
Growing Fast at £92k/month: What’s Next for This Ambitious Catering Business? (4k)
Apr 6, 2025
Maxwell House, the ambitious owner of Lordwell Catering, chats about his thriving £92k/month catering equipment venture. He shares insights on overcoming growth challenges and the intricacies of inventory management in a competitive market. The conversation takes a humorous turn as they explore personal pride and entrepreneur traits. Maxwell reflects on transitioning from reselling to building a brand and discusses the dynamics of contract catering versus traditional hospitality. His entrepreneurial journey is a blend of calculated risks and innovative strategies.
59:05
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Quick takeaways
- The business has achieved £92,000 monthly revenue since 2021, reflecting strong initial success and ambitions for further growth.
- Building brand awareness is crucial, as potential clients often prefer familiar established suppliers, posing a challenge for new entrants.
Deep dives
Business Growth Aspirations
The business under discussion experienced notable success, generating approximately £92,000 in monthly revenue within a short span since its launch in 2021. However, the owner aims to significantly enhance this performance, with ambitions set to increase contracts, expand clientele, and grow the team within a year. Acknowledging the competitive landscape, he recognizes the challenges of building brand awareness and altering the ingrained buyer's mindset that favors established suppliers. This ambition is rooted in a desire to elevate the business's reach and solidify its presence in the catering supply market.
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