by Kary@BeerBusinessFinance.com | Dec 19, 2022 | Financial
Bob Fifer, author of Double Your Profits in 6 Months or Less, says a common mistake that managers make is to be too cautious when cutting costs. “Let’s not cut Cost A unless we’re sure it’s the right decision.” Fifer says this mindset is...
by Kary@BeerBusinessFinance.com | Nov 28, 2022 | Financial
Below are the basic sections of a brewery financial planning system: Sales forecast Cost of Sales (COGs) / Margins Operating Expense plan (OPEX) EBITDA or Net Income Capital Expense plan (CAPEX) Debt service Each of the sections in the financial planning system fit...
by Kary@BeerBusinessFinance.com | Nov 21, 2022 | Financial
Here are 5 Best Practices to help you Build Your Brewery Financial Plan: Timing is everything…Start on time, finish on time Use the budget prep checklist below to set due dates and deadlines. It’s simple, but it works. Involve the right people in the process...
by Kary@BeerBusinessFinance.com | Nov 9, 2022 | Financial
If your business is experiencing a cash crunch, one option to help cash flow is to re-finance your debt. The name of the game is to amortize your current debt over a longer time period. Check out the short video below which explains how you can model out different...
by Kary@BeerBusinessFinance.com | Nov 2, 2022 | Financial
I recently had a conversation with Julie Rhodes from Not Your Hobby Marketing about pricing, costing, margins, freight and the impact of inflation on the beer business. Below are Julie’s questions and my best attempt at providing answers. Q: Can you explain FOB,...
by Kary@BeerBusinessFinance.com | Sep 22, 2022 | Financial
In a recent webinar, I asked this question: Do you have a brewery financial plan (budget)? The results? 68% of attendees did not have a plan. That’s two out of every three breweries without a financial budget. Financial planning can feel like an overwhelming...
