by Kary@BeerBusinessFinance.com | Feb 14, 2022 | Financial
In my experience, the most effective taproom sales growth KPIs are listed below. Sales in dollars Sales growth percentage Customer visits Average Spend per customer For each KPI, to set a goal, and then track against it. The goal establishes your expectation for what...
by Kary@BeerBusinessFinance.com | Feb 7, 2022 | Financial
If you have loans, you need to track these key metrics: Debt service coverage ratio and debt to equity ratio. These ratios sound complicated and scary, but in this post we’ll break them down and explain them in common sense language. Debt service coverage ratio...
by Kary@BeerBusinessFinance.com | Jan 31, 2022 | Financial
Key metrics, critical numbers, and benchmarks are used to measure and manage the most important numbers in your brewery. In this post we’ll review key income statement metrics and provide a tool you can use to track your critical numbers. Income statement...
by Kary@BeerBusinessFinance.com | Jan 24, 2022 | Financial
Setting goals is easy, sticking with them is hard. In this post and video we’ll review goal setting basics, frameworks you can use to organize your goals, and tactics to make them stick. Goal Setting Basics Start with a year-end review Get the goals in writing...
by Kary@BeerBusinessFinance.com | Jan 18, 2022 | Financial
Today we talk brewery financing and get an update on the state of the lending industry with Jason Sleeman, VP of Craft Beverage Lending for United Community Bank. Jason shares his perspective on the current state of the market, financial relief packages, and the...
by Kary@BeerBusinessFinance.com | Jan 18, 2022 | Financial
Best of 2021: Brewery Financial Training Resources How to Reward Brewery Employee’s Using KPI’s Brewery owners and operators are always on the lookout for new ways to reward and motivate employees. One cool way to do this is to use Key Performance...
