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...
by Kary@BeerBusinessFinance.com | Nov 4, 2024 | Financial
One of the biggest obstacles to getting complete, accurate, and timely financial statements is a lack of month end procedures. The month end procedures include: Prepare and record journal entries Reconcile bank statements Prepare state and federal tax reporting Review...
by Kary@BeerBusinessFinance.com | Nov 1, 2024 | Financial
In today’s podcast we break down the key steps to build (and implement) your brewery financial plan EVER. The financial plan is the road map. Where are you now? Where do you want to go? What does financial success look like? Listen to the podcast. Download the...
by Kary@BeerBusinessFinance.com | Oct 14, 2024 | Financial
The quickest way to determine what goes into beer COGS is to ask this question: “Is this cost essential in the production and packaging of my beer?” If the answer is yes, it goes into cost of goods sold. Or, you could phrase the question differently....
