by Kary@BeerBusinessFinance.com | Sep 24, 2018 | Financial, Financial Guides, Financial Newsletters, Financial Resources, Operations, Operations Guides, Operations Newsletters, Operations Resources
“Comedy is great because there’s no overhead” -Ron White The cost of making beer includes labor, materials and overhead. The first two are easy to wrap your mind around, but overhead is tricky. Direct labor is the cost you pay people to make the beer....
by Kary@BeerBusinessFinance.com | Sep 12, 2018 | Financial, Financial Newsletters, Financial Resources
According to the Brewer’s Association, hundreds of breweries close their doors each year. Why does it happen? What is the leading cause of failure? And most importantly, how can you avoid a similar fate? Bart Watson, chief economist for the BA says that some of...
by Kary@BeerBusinessFinance.com | Aug 7, 2018 | Financial, Financial Newsletters, Financial Resources
I am a big fan of using financial scorecards to measure brewery performance. Scorecards monitor key metrics. Key metrics are, simply put, important numbers you should look at every day. Think about scorecards like the dashboard on your car. What’s important? The...
by Kary@BeerBusinessFinance.com | Jul 21, 2018 | Financial, Financial Newsletters, Financial Resources
3 Financial Mistakes that Every Brewery Makes “Experience is simply the name we give our mistakes.” Oscar Wilde When it comes to financial reports, the Income statement gets all the attention. It’s like the cool kid in high school. The balance sheet...
by Kary@BeerBusinessFinance.com | Jul 21, 2018 | Financial, Financial Guides, Financial Newsletters, Financial Resources
How to Avoid Check Fraud “There are three things in the world that deserve no mercy: hypocrisy, fraud, and tyranny.” Frederick William Robertson Every time you write a check you expose your bank account to check fraud. Each check you write and mail out has your...
by Kary@BeerBusinessFinance.com | Jul 21, 2018 | Distribution, Distribution Guides, Distribution Newsletters, Distribution Resources, Financial, Financial Newsletters, Financial Resources
In this post we’ll peek over the fence and look at an issue that is near and dear to the heart of beer distributors: Gross Profit. Pay attention, because what’s important to distributors may be important in your business. “Learning is not...
