On Valentine’s day we celebrate the ones we love and shower them with flowers, candy and fancy cards.
This Valentine’s day, shower your brewery financials with some love, too.
In this post, we’ll review 3 ways you can give extra attention to those other special someones in your life: your income statement and balance sheet.
#1 Increase Brewery Sales
Craft beer sales growth had to slow down at some point. Perhaps that point is here for your brewery.
Store shelves aren’t getting any bigger and customers aren’t drinking more beer. Time to put on the thinking cap, get creative and explore new ways to increase the top line sales volume.
Read this post on the 3 Ways to Increase Brewery Sales for ideas to give the sales line on your income statement some love today.
#2 Decrease Brewery Expenses
The best way to make more money in your brewery is to spend less money. Plain and simple. However, it gets complicated when you try to figure out where, exactly, to cut back.
In this post, we’ll talk about the power of Purchase Orders to help you control spending in your brewery.
This simple tool will help ensure that the hard-earned money you spend on supplies, materials and equipment is spent properly.
And nothing says Happy Valentines Day sweetheart, like a great Purchase Order.
#3 Clean up your Balance Sheet
The Balance Sheet records assets, liabilities and equity. Sadly, not many folks pay attention to this forgotten member of the financial statement family.
However, a clean balance sheet is the key to accuracy in your financial reporting.
Read this post on how to gain confidence in your brewery financial statements and make sure your balance sheet is clean and tidy this Valentine’s Day.
Wrap Up + Action Items
Valentine’s Day is a time for love and honoring that special someone in your life. That’s important stuff, but don’t forget your special income statement and balance sheet, they need your love and attention, too.
Use the ideas here, and put them into action. And don’t forget an actual Valentine’s card for your human Valentine. Your income statement may forgive you if you forget, but your human won’t.
Happy Valentines Day,
Kary
P.S. The new short-course on How to Finance your Brewery Expansion launches at the end of the month. Subscribe today to save your seat. Already a Subscriber? Stay tuned for details.
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