Scott Sciberras, co-founder, Whiskey & Wealth Club

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Scott Sciberras, an investment and business enthusiast with over 17 years of work experience in the telecommunications, event management, and wholesale beverage and financial services industries, explains why he co-founded the investment firm di botti Whiskey & Wealth Club wholesale

What are you currently doing?

I am currently the CEO and co-founder of the world’s largest barrel whiskey wholesale investment company Whiskey & Wealth Club. We bring together private investors and distilleries to allow customers access to premium whiskey (e) y at ultra-wholesale prices.

What was the inspiration behind your business?

I co-founded Whiskey & Wealth Club in 2018 with Jay Bradley Other William Fielding. We have noticed a gap in the market for individuals wishing to access the rarefied world of wholesale ownership of premium cask whiskey. Hence, we have decided to bring together our backgrounds in business, investment and commerce to bridge the gap between distilleries and investors. Globally, whip (e) y is a boom. The Irish market alone is destined for increase by 300% by 2030. The demand for mature stocks currently far exceeds supply. This is set to continue for the next 20-30 years, and the global whip (e) y market as a whole is expected to grow at a compound annual rate. growth rate of 5.51%.

Additionally, New Make Spirit in Ireland and Scotland can legally be called whisk (e) y only once it has matured in wooden barrels for a minimum of three years in those respective countries. With many world famous whiskeys / ey matured for over 10 years which means distilleries have a lot of overhead and running costs before they start generating revenue. This is where we come in.

Whiskey & Wealth Club buys a large percentage of a distillery’s new production output that provides them with seven-figure income per year and essentially “keeps the lights on.” We therefore bridge the gap between distilleries and investors looking for a much safer asset-backed investment, with much greater returns. Our purchasing power allows us to offer barrels to investors at ultra-wholesale rates. Investors can then resell to distilleries or brands looking for the highly sought-after mature stock or to independent bottlers. Collectors or alternative investors also offer an attractive exit opportunity to our clients, as they will pay a premium for the bunny-hop time and ripening years.

What defines your way of doing business?

Our success at the Whiskey & Wealth Club relies on our team of senior colleagues. Motivation is always important and we guide and encourage employees with a transparent career progression system that is 100% determined by their performance. So once they have met the necessary metrics to get promoted, they come to us and get it. The final stage of the promotion structure is to become a business partner. We want our people to advance to that level and have the same experiences we have, leading, growing and owning a business.

Also, I always make myself available to the team in case they need something. I have learned that leaders need to be approachable so that everyone feels part of the family. That’s why I have my desk on the main office floor instead of having my own office space.

What do you admire?

I have always been inspired by other business leaders and innovators and I enjoy learning from their successes. There is always a chance of failure, but persistence in believing in an idea and pushing it to make it work is admirable.

Looking back, is there anything you would have done differently?

As many entrepreneurs will tell you, the road to setting up a successful business comes with many difficult lessons and challenges. At first, we struggled to meet demand and encountered supply issues as we worked to attract more distillery partners. But each setback became an opportunity to learn and become stronger as a group. Allowing us to open bigger and better doors.

What advice would you give to beginners?

Do your due diligence and research. My investment journey started when I was only 10 years old. Every Monday my father asked me to choose ten shares of the newspaper. On Friday, my allowance for the following week would rise or fall depending on the performance of the shares. It taught me the importance of research and making educated and well-researched investment decisions. While I haven’t always increased my allowance, it made me want to enter the business and investment world at an early age.

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