James Averdieck lived the business dream. As founder and Managing Director of Gü Chocolate Puds, at one stage the fastest growing food company in the UK, and a brand credited with revolutionising the quality of desserts, he is an entrepreneur in the truest sense of the word.
James built the brand with passion, and from seed capital of only £65k created a business which was sold 6 years later for £32 million. In the process of building his brand, James realised his chocolate dream of selling soufflés to the French and chocolate to the Belgians. Since he sold his beloved Gü, James has become aware that the money, the power, the pleasure-seeking, the cars and the kudos, will never match the thrill of running and building a business. He is living proof that it’s not about the money.
After university, James joined the graduate programme at strategy consultants Arthur D. Little, where he learnt about the key drivers to a successful business, but wanted to get closer to the action. He then spent 9 years in the food industry working for Safeway and St Ivel and learnt about sales, marketing and running businesses. With St Ivel he moved to Belgium and became a convert to Belgian gastronomy and, as he says, ‘went native on the chocolate front’. It was in Brussels that the seed was sown for his chocolate venture. James saw the opportunity of marrying high quality chocolate patisserie with efficient UK supermarket distribution. James realised that UK consumers were demanding more quality and moving away from mass-produced ‘branded’ products. He was confident he could take on the big players. He wanted to create a brand “more focused than the big brands on using high-quality raw materials to deliver uncompromisingly good products.”
Gü, the brand, is about chocolate extremism – evoking nostalgic memories and magical smells of baking with chocolate. The brand was embraced with love by the supermarkets, launching first in Sainsburys and Waitrose with the others following apace.
James, the entrepreneur, conveys a strong message about the value of loving your business. He speaks about true entrepreneurship; how to simplify ideas with an innovative approach, and how to make your dreams achievable. He shares the ups and downs of running a business with a raw and honest appeal. He is compelling and unique as a keynote speaker, as he delivers the message that at the heart of entrepreneurialism lies the idea, the journey, not the exit strategy, and not the final sale price.
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