Building a Wine Business in Canada with Chloe Wu
In Episode 236, Kelly Kennedy sits down with Chloe Wu, an accomplished wine industry professional and founder of Adventure Trading. Chloe shares her remarkable journey from growing up in China to studying international business and wine commerce in France, where her passion for wine flourished. After spearheading market development for Bordeaux wineries and taking on a major role with Coca-Cola in China, Chloe made the bold move to Canada in 2023 to launch her own liquor agency specializing in fine wines. Her story is one of relentless ambition, adaptability, and the courage to start over in a new country.
Chloe dives into the complexities of building a business from scratch as a newcomer to Canada, including navigating regulations, learning the culture, and building networks in Western Canada’s competitive liquor industry. She also talks about the unique challenges of working across international markets and how her experience in both China and France prepared her for this venture. Chloe’s journey offers a powerful example of what’s possible when you combine global expertise with entrepreneurial courage.
Key Takeaways:
1. Building a business in a new country starts with deep research and understanding of the local market and regulations.
2. Success in international business requires adaptability and a strong willingness to embrace different cultures and systems.
3. Developing a new market is always easier when you are physically present to build relationships and understand customer needs.
4. Rejection is part of the sales process and learning how to overcome it is critical for long-term business development success.
5. Creating a strong value chain that benefits everyone involved from producer to retailer leads to more sustainable growth.
6. Leveraging prior experience and networks can help accelerate market entry even when starting fresh in a new country.
7. Taking the time to build trust and credibility with local partners is essential, especially in regulated industries like liquor.
8. A clear understanding of customer channels and how products move to market creates competitive advantage.
9. Being proactive, traveling to meet clients, and continuously observing market behaviors gives you the edge in import/export industries.
10. Having the courage to start a company in a new country without family support shows the power of preparation, risk-taking, and resilience.
