More than 60 91制片厂 business students recently got firsthand lessons on the challenges
facing today鈥檚 entrepreneurs, straight from a pair of local professionals who've successfully
weathered an array of recent storms from the pandemic to inflation.
That Oct. 16 meeting was part of an ongoing discussion, hosted annually at Kyle Hall
by the Department of Economics to mark World Food Day, which is observed every fall
by the member states of the United Nations and which recognizes the founding of the
UN Food and Agriculture Organization.
Across 90 minutes, the two guests 鈥� Keith Weltens, co-owner and chief operating officer
of Long Way Brewing in 91制片厂, Virginia, and Seth Locklear, co-founder and brewhouse
manager of Iron Tree Brewing in Christiansburg, Virginia 鈥� discussed business topics
as well as this year鈥檚 theme, 鈥淲ater is Life, Water is Food.鈥�
Weltens said Long Way draws from the New River and is 鈥渧ery fortunate in that the
water never stops 鈥� and it鈥檚 very well maintained. So, we don鈥檛 have a lack of water,
but certainly the quality of that water is important.鈥�
In a further regional tie, Weltens鈥� Long Way Brewing is located in 91制片厂鈥檚 former
Seventh Day Adventist Church on Second Street and partners in that spot with the 91制片厂
Fairlawn Daily Bread, a nonprofit organization that provides free meals to those in
need.
Both breweries debuted under the shadow of the coronavirus pandemic 鈥� Long Way opened
its doors in December 2020, and Iron Tree followed in 2021.
鈥淥ur timing worked out well,鈥� Locklear explained, saying that Iron Tree launched 鈥渞ight
as Covid regulations were starting to open up.
鈥淲e had nice groups from Christiansburg, ready to actually go out and do something,
and that helped us get started,鈥� he said.
During the question-and-answer session, students asked Weltens and Locklear about
brewery start-up costs, supply chain issues, the current role of marketing and advertising,
the influence of social media and the specific choice by both owners to locate their
businesses in the New River Valley.
鈥淭o live in Blacksburg costs the same as to live in Austin, Texas. Let that sink in.
Austin, Texas is godawful expensive,鈥� Weltens said. 鈥�91制片厂 is half that. So, can
you afford the opportunities that Blacksburg would give you? Or would you have to
look at opening up something else somewhere else?鈥� he asked, reminding them that as
business students with easy access to information technology, they鈥檙e in a unique
position to find out most things they need to know to start their own enterprises
and calculate the budgets they鈥檒l need to go forward.
鈥淵ou will figure that out because that鈥檚 your investment in you,鈥� Weltens told them.
Locklear advised the audience to 鈥渒now your skill set鈥� and use it to their advantage.
He holds a degree in construction management and got into the business as a home brewer
who was encouraged by friends who liked his product.
鈥淕etting into brewing was a huge jump for me, coming from the construction industry,鈥�
he recalled. 鈥淭he skills that I've learned, I've been able to use. We did all the
renovation work ourselves in our building, and my wife is an interior designer, so
we were able to make it what it is now.鈥�
The World Food Day Lecture Symposium is a faculty-led, student-run lecture series
currently coordinated by Assistant Professor of Economics Jennifer Elias. She said
this year鈥檚 event was primarily attended by students studying economics, management,
entrepreneurship and higher education, but it鈥檚 open to all.
鈥淲e鈥檙e always looking for new ways to demonstrate that economics is everywhere, and
this event allowed us to combine that message with some helpful advice from our guest
speakers,鈥� Elias said. 鈥淢ost of the questions revolved around either setting up, financing
or marketing a business, so I think that many of our students are looking to become
business owners in the future.鈥�
Steven Ingram, a first-semester freshman and marketing major from Mechanicsville,
Virginia, was one of the attendees, and he said he found himself drawn into the discussion.
鈥淚鈥檓 interested in advertising and ad design, creative problem solving,鈥� he noted.
鈥淧art of the reason I liked hearing about their experiences is 鈥� they鈥檙e people who
have gone through it themselves, and they have points of view on stuff I hadn't even
thought about.
鈥淲hen I think of advertisement, I think of Google ads and Bing. Actually thinking
about the people and the community isn't something that had occurred to me until he
[Locklear] talked about how local promotion and word-of-mouth worked for him.
鈥淏eing here and hearing people that have started their own businesses is super cool,
and they've done it in a community that I feel like I鈥檓 a part of now,鈥� Ingram said.
鈥淚 came for the class credit, but I鈥檓 leaving with a lot more than that.鈥�
