by Kary@BeerBusinessFinance.com | Dec 11, 2024 | Financial
The budgeting process is divided into two steps: Budget creation and budget execution. You build the financial plan and then you put it in place. If you are stuck on the first step, budget creation, try this: Start with a quick outline of your budget team, timing to...
by Kary@BeerBusinessFinance.com | Dec 4, 2024 | HR and Personnel
The average health insurance premium for families and individuals has increased more than 24% in the last five years, according to the Kaiser Family Foundation. And there’s no sign of this slowing down. For breweries who want to provide good, affordable...
by Kary@BeerBusinessFinance.com | Nov 25, 2024 | Financial
“Compete externally and you compare. Compete internally and you improve.” -James Clear Benchmarking against other breweries (competing externally) is a way to compare your results to the market. For example, if the average brewery spends 3-5% of sales on...
by Kary@BeerBusinessFinance.com | Nov 22, 2024 | Financial
This week I had the pleasure of presenting at the North Carolina Craft Brewers’ Conference. The presentation topic was how to use a 5-step financial process to transform results in your brewery. In the video and presentation deck below, you’ll learn the...
by Kary@BeerBusinessFinance.com | Nov 18, 2024 | Financial
Once you’ve created your brewery financial plan, the real work is to put it into practice. To execute. To make the plan a reality. The best way to do this is to engage your managers using weekly financial huddles and the 2-minute drill Weekly huddles provide...
