Category: Finance Services
Covering all areas of brewery finance management and funding
Sponsored Introduction: Setting Up a Commercial Brewery
Installing commercial brewery equipment is a complex process that requires careful planning and a multidisciplinary approach. It’s not merely about connecting a few pieces of equipment; it’s about designing and building a fully functional brewing environment. This involves electrical work, plumbing, gas hookups, and construction work tailored to the specific needs of the brewing operations.
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Sponsored Balancing Startup Costs in Your Brewery Budget and How to Fund Your Initial Startup Capital Costs
When opening a brewery, understanding startup costs and how to fund your startup is essential. Let’s dive deeper into these financial elements and how they’ll influence your startup budget.
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Sponsored Key Performance Indicator Insights: Knowing Your Numbers with Joshua Lance of Lance CPA Group
Financial health is one of the most important parts of your business, but do you know how to get to the right metrics? In this session, we’re bringing insights from working with over 100 craft breweries and providing you with insights on understanding your brewery’s finances, including:
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Sponsored A Conversation of Tipping in Breweries
Over the past several years, many breweries have reconsidered their service models – searching for the delicate balance that best maximizes the experience for both guests and staff. In doing so, this has also generated more conversations about best practices regarding tipping. In this panel, we will discuss different tipping models, their benefits, their challenges, and how conversations on tipping can result in greater success for your taproom.
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Sponsored WTF, Data?! Numbers = Profits! w/ Pulkit K. Agrawal of The 5th Ingredient
Almost every brewery is tracking their data – whether it’s in a spreadsheet, paper logs, or an electronic brewery management system. As breweries start scaling, there are two key areas that brewers and owners start looking at for their products — (1) making consistent quality beer and (2) improving costs over time.
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Sponsored The ABC’s of IRI and other syndicated data with Julie Rhodes of Not Your Hobby Marketing Solutions
Retail sales data, like that collected and reported by companies such as IRI and Neilsen, can be extremely valuable for suppliers that are seeking to expand their retail presence, but it’s also confusing and pretty overwhelming.
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Sponsored Begin With The End In Mind: Strategies For Selling Your Brewery
We will focus on how to create something you can sell, which will involve clean records, and a solid business platform. 2nd, How to appraise your business based on profit and loss statements. 3rd, how you find a buyer and my preferred method. 4th, you may find after making the changes to your business (having something to sell, you decide not to sell) you may decide not to sell your business, but rather keep it without having to work it everyday anymore. Example – There is no owner working in Starbucks.
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Expert Topic Considering Employee Ownership: Questions to Ask Before Undertaking the Initiative
For many, the idea of owning a business is part of the American dream and there are thousands of examples of that in the country’s small breweries. There are times when founders and owners want to add new people to the mix and considering bringing on existing employees as owners can have a lot of benefits.
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Expert Topic Employee Perks and Benefits with Erik C. Coleman of Beer By Coleman
A goal of brewery owners should be to focus not only on making great beer, but providing a workplace environment that values employees, fosters careers, and seeks to keep the calm and peace. That can be easier said than done in a high-pressure environment that touches on many different skillsets but there are ways to achieve a positive workplace beyond just paying a fair salary.
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News SBA Grant Applications for Restaurant Revitalization Fund Accepted Beginning May 3
The U.S. Small Business Administration has announced that online application for the $28.6 billion Restaurant Revitalization Fund will be accepted beginning on Monday, May 3, at 12:00pm (EDT). The online application will remain open until funds are exhausted.
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News Pandemic Hasn’t Slowed Investment Interest in Craft Brewing Industry
Although the Brewer’s Association announced this week that craft beer sales dropped for the first time ever in 2020 with a 9% decrease in volume, an article in the Commercial Observer says that the craft brewing industry continues to be a desirable investment.
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