Craft Brewery Financial Training Podcast

In today's podcast, you'll hear a replay of the live Q&A session from the Brewery Financial Training Program.  In the episode, we cover the 6 Steps you can follow to create your brewery financial budget.The Brewery Financial Training Program is for craft brewery owners, managers and staff who need practical financial training to improve cash flow and profitability.The Course includes 40+ lessons delivered across 6 modules, with a total of 8 hours of instruction, 6 graded quizzes and a final exam. Watch a short video to learn more.Key topics covered:Financial Planning Best PracticesSales and Margin PlanOperating Expense PlanCapital Expense PlanLoan Schedules and Debt PlanningTactics to Train Department ManagersLearn more about the Brewery Financial Training Program!Ready to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies. 

In today's podcast, listen to the audio version of a presentation on Brewery Financial Best Practices in Uncertain times. Whether you are a start-up brewery, in expansion planning, or running an ongoing operation, the tools, resources and strategies covered will help you gain control over your financial results. We’ll also provide an overview of the financial programs and incentives that may be available for breweries to help during these difficult times.ResourcesBrewery Financial Training Program: Watch the 2-minute videoUse Coupon Code MBAA100 at checkout to SAVE $100 off the Program Tuition. Offer good through April 30th.Sign Up for the Free and World Famous Craft Brewery Financial Training NewsletterReady to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies. 

In today's podcast, you'll hear a replay of a live Q&A session from the Brewery Financial Training Program.  We cover the common brewery financial problems, how to quickly identify them, and how to fix them. The Brewery Financial Training Program is for craft brewery owners, managers and staff who need practical financial training to improve cash flow and profitability.The Course includes 40+ lessons delivered across 6 modules, with a total of 8 hours of instruction, 6 graded quizzes and a final exam. Watch a short video to learn more.Key topics covered:Module #3: Common Problems in the FinancialsKeg Inventory & Product InventoryAccounts Receivable Collections & Product Margin VariancesModule #4: Beer Costing & PricingBeer Costing FundamentalsBeer Pricing (and Portfolio Margins) Don't forget to signup for the World Famous and Free Craft Brewery Financial Training NewsletterReady to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies. 

In today's podcast, you'll hear a replay of the live Q&A session from the Brewery Financial Training Program.The Brewery Financial Training Program is for craft brewery owners, managers and staff who need practical financial training to improve cash flow and profitability. The Course includes 40+ lessons delivered across 6 modules, with a total of 8 hours of instruction, 6 graded quizzes and a final exam. Watch a short video to learn more.Key topics covered:Best practices for your brewery Chart of Accounts & General LedgerHow to create brewery Financial Statements & ReportsRoutines and Month-end financial process to ensure your brewery numbers are complete and accurateLearn more about the Brewery Financial Training Program!Ready to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies. 

Today we learn about taproom sales growth tactics with Andrew Coplon from Secret Hopper. Secret Hopper is a mystery shopping service for craft breweries that is helping breweries increase their revenues, create more repeat customers, and fine tune their tasting rooms.Key takeaways:Average taproom tabs have been higher during the pandemic (Andrew shares the data and how you can use this information to increase your taproom sales)Incentives and leader boards are great tools to motivate taproom staff to sell more beer (Andrew shares examples and ideas that you can implement)Quick sales growth tips:Single use paper menus (data shows a 35% lift in sales when you use them)Ask customers if they want to go beer - the Upsell (data shows 49% buy when you ask, but only 9% buy when you don't) Resources:Ten Strategies to maximize your customers' experience and revenue in the new normal5 Tips to create a better merchandise displaySign Up for the Free and World Famous Craft Brewery Financial Training Newsletter! Ready to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies. 

Open book management is a system to communicate the numbers of your brewery business and engage employees to improve financial results. In today's podcast, we talk about Open Book Management (OBM) with Audra Gaiziunas from Brewed for Her Ledger. In the podcast, Audra and I cover a wide range of topics including: The major benefits of OBM, mistakes to avoid, sharing financial information, key metrics, critical numbers, and much more.There are many details involved in an Open Book Management system, but Audra and I agree that these are the keys to success... 3 Keys to OBM SuccessFinancial literacy trainingBonus programFinancial reporting and forecastingResourcesGet in touch with Audra - Accounting, Finance, Operations Strategy For The Beer Industry​. Hel​ping You Understand The Numbers Behind The Beer.Check out the Brewery Open Book Management Online CourseSign Up for the Free and World-Famous Craft Brewery Financial Training NewsletterReady to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies. 

Today, we hear from Josh Lance, CPA from Lance CPA group. Lance CPA Group is a virtual certified public accounting firm built to help small business owners and entrepreneurs grow and manage their businesses.In this round two of our conversation we talk about the employee retention tax credit (ERTC). A huge deal for craft breweries. Josh breaks down the rules, the details, and exactly what you need to know about this program right now.We also talk about how to use advanced financial forecasting models. Tools that can be quick and easy to update during these uncertain times.  ResourcesLearn more about Lance CPA Group (and the ERTC)Read the Lance CPA Group blog on the ERTCSign up for the World Famous (and Free!) Craft Brewery Financial Training NewsletterReady to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies. 

Today we hear from Josh Lance from Lance CPA Group, a virtual certified public accounting firm built to help craft brewery owners and entrepreneurs grow and manage their businesses.Josh and I dig into the details of the ultimate software stack for breweries - from accounting software to POS to brewery management software and benchmarking tools.We talk about a common question from brewery owners - When is the right time for a brewery to bring on a finance person or outsourced accounting option?And Josh walks through the key questions to ask when considering an outsourced accounting option - from onboarding through implementation.   ResourcesLearn more about Lance CPA Group (and Josh's obsession with the tv show Full House)Get the Free PDF: Strategy. Structure. Compliance. Benchmarking.Sign up for the World Famous (and Free!) Craft Brewery Financial Training NewsletterReady to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies. 

Daniel Lust is co-founder and partner of PINTS LLC, a beverage advisory firm that partners with suppliers and distributors across the country to provide objective support, guidance and best practices related to the beverage alcohol industry. In today's podcast Dan and I talk about performance metrics for beer wholesalers and breweries: Out of code, out of stocks, gross profit %, profit per stop and many more.We also dig into the details of brewery-wholesaler business relationships, and what breweries can do to make sure their brands get attention and focus to grow sales.  ResourcesContact Dan Lust at Pints, LLCSign up for the World Famous (and Free!) Craft Brewery Financial Training NewsletterReady to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies. 

In this podcast we talk with Jim Gunther from Gunther Creative Agency. Jim specializes in creating beautiful visual identities: branding, packaging, print, digital and more. He has recently added beverage formulation to his list of services. Jim has created a Product Launch Checklist which includes all the things you should consider when launching a new product. The product launch checklist includes to-do's for legal, product development, graphics, marketing production, operations, and much more. The checklist pulls it all together in one place to help you have a profitable brand launch. Time is money. You can't afford to make mistakes or have delays during a product launch. Listen to the podcast and use Jim's checklist to keep your team on task and on deadline.ResourcesGet the Brewery Product Launch ChecklistContact Jim Gunther at Gunther Creative AgencySign Up for the Free Craft Brewery Financial Training NewsletterReady to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies.