Father of Irish whiskey revival shares secrets to success

John Teeling speaks to Lynn students and alumni

John Teeling

John Teeling, serial entrepreneur and “non-drinking whiskey distiller,” knows a thing or two about how to start a successful business (and the sleepless nights that go with it). In a recent address to Lynn University students, alumni and community members at the Indimi International Business Center, he said, “The world is going to be very different with vast opportunities over the next 50 years.” He pointed to changing demographics and advancements in healthcare, global tourism and artificial intelligence as creating new frontiers for young entrepreneurs.

John Teeling with Donald Ross
John Teeling with Donald Ross, Lynn University President Emeritus

Teeling founded Cooley Distillery in Dublin, which was the first new whiskey distillery established in Ireland in 100 years. At that time, Irish whiskey had declined from its prominent position in the world, and Teeling believed he could do a better job meeting modern tastes.

He was right. Over time, Cooley earned an impressive reputation, including a trophy at the International Wine and Spirit Competition (IWSC) for outstanding quality. Teeling sold the successful venture to Jim Beam in 2012. Today he runs oil, mining and industrial ventures around the world.

During his talk at Lynn, he advised young entrepreneurs that four things are necessary to set up your own business:

  1. vision
  2. resources
  3. the ability to handle uncertainty
  4. energy and perseverance

“Resources are money, people and technology,” said Teeling. “You can buy the technology, you can recruit people who share your vision, but there are only three sources of money for entrepreneurs: family, friends and fools. Start-ups typically only see a six percent return, so you need people who believe in you and that you will look after their money.”

According to Teeling, that’s why vision is so critically important: “You have to believe that it will work.”

More it's academic stories

Take the next step
Get started on your future today
Complete your application and secure your spot.
Pictures tell only part of the story. Come see for yourself.
How would you like to hear from us?

We are Lynn

Img 1042
Lynn took third place in the annual YMCA Corporate Cup Saturday, Nov. 11.
Jamie D'Aria, staff member
Img 2488 Copy
Meet the Student Philanthropy Team!
Catalina Villamarin, student
2017 10 28 Lynn 06
Lynn Debate won 1st, 2nd and 3rd place, top novice speaker, and 2nd overall speaker at the second Lynn Debates Oct 28.
Kathryn Hamm, faculty member
2017 10 28 Lynn 03
Lynn Debate hosted a tournament Oct. 28 with six schools competing: SEU, FIU, Eastern Fla., Miami Dade, Broward,Lynn.
Kathryn Hamm, faculty member
The sun sets behind the skeleton of the University Center
The University Center's construction site is shaping up!
Jean Lamy, student
Freshman Nate Chapman and junior Sam Morgan celebrate a goal in Lynn's 6-3 ice hockey victory over Florida Tech.
Freshman Nate Chapman and junior Sam Morgan celebrate a goal in Lynn's 6-3 ice hockey victory over Florida Tech.
Theodore Curtis, faculty member

View more