Tracking brewery cash flow can be difficult, and it’s easy to make mistakes.
Here are the 3 Biggest Brewery Cash Flow Mistakes and how to avoid them:
- No financial plan
- No tools to track cash flow
- No training on how brewery cash flow works
Let’s go through each of these in turn, and give you some resources to avoid these cash flow mistakes.
#1 No Financial Plan
The financial plan, or budget, is your road map to success. It really is.
The plan will outline your goals for sales, cost of goods, margins, operating expenses and profitability.
Don’t have a brewery budget? Watch this free webinar on how to build your brewery financial plan.
#2 No Tools to Track Cash Flow
Use this simple cash flow scorecard to track and monitor your most important asset.
#3 No Training on How Brewery Cash Flow Works
Take this free training course on brewery cash flow management.
Do This Next…
Good cash flow management requires a system, accountability and a good routine.
The Beer Business Finance Association is a network of brewery owners just like you, who are looking to improve cash flow in their business. Together, we share information and best practices to help each other run a better beer business.
In this group, you won’t be alone to struggle with your cash flow, you’ll have your peers to support you and guide you along the way.
Learn more about the Beer Business Finance Association.
