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Business Buffet

BI016 - Branding 101 with Tully's Coffee Founder Tom O'Keefe

Business Buffet

Ed Bejarana

Marketing, Business, Business Strategies, Entrepreneurship, Business Tips, Small Business, Leadership

1981 Ratings

🗓️ 28 May 2020

⏱️ 52 minutes

🧾️ Download transcript

Summary

Growing a brand is never easy. It takes forethought, commitment, perseverance and the strength to will it to fruition. Or in the case of today’s guest, the strength to will it into a mug, in the form of premium coffee. On the Business Buffet, we’re...

Transcript

Click on a timestamp to play from that location

0:00.0

Growing a brand is never easy. It takes forethought, commitment, perseverance, and the strength

0:05.7

to will it to fruition. In the case of today's guest, the strength to will it into a mug

0:12.6

in the form of premium coffee. On the business buffet, we're constantly talking about staying

0:18.1

consistent with your brand down to every detail.

0:28.5

Tom O'Keefe founded Tolley's Coffee and was a man so closely associated with the operation that his middle name is the company's name, Tollies. He will talk about the challenges of taking on the

0:35.5

industry leader Starbucks, as well as ways in which he has given

0:40.2

back to the community in this ingredients episode of the business buffet.

0:45.2

Welcome to another episode of the business buffet ingredients where we ask the experts' questions

0:51.2

that serve up a business and life-growing feast. Pull up a chair and get ready to

0:56.2

eat hardy in business because the business buffet is now open. Welcome back to the ingredients

1:01.9

episode of the business buffet. I am Phil Anderson. And back in the early 90s, 1992, Tom O'Keefe was

1:09.2

a successful real estate developer who was approached about leasing

1:13.4

a space to Starbucks for a coffee store in one of his shopping centers, realizing that no one

1:19.3

was competing with Starbucks. O'Keefe, who had a lifelong love of coffee and an interest in

1:25.5

specialty foods, decided to develop a business plan

1:28.3

to start his own coffee company. Six months later, Tollies was in business. Tollies quickly

1:35.0

developed into a strong regional specialty coffee retailer that was concentrated in the Puget Sound

1:41.5

area where coffee loyalty is so deep there is one coffee shop for every

1:47.4

4,000 people and by 2000 Tollies was building a strong brand and getting noticed in 2006

1:55.0

toli's focused was no longer on competing against Starbucks but on serving handcrafted coffee

2:00.1

in its local Seattle area retail

2:02.8

coffee shops. The company had franchises and grocery chain coffee shops in the United States and Asia.

...

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