Author name: Chris Farmand

Chris Farmand is the Founder and CEO of Small Batch Standard, the premier financial agency built to serve the craft brewing industry. Chris and the SBS team have spent the better part of the past decade working with 100+ craft breweries across the U.S., all with one singular aim: helping craft breweries grow profits. Meet Chris.

CC // Crystal Ball

I am weary of throwing prediction info around. But this year I said, why not? Here are my predictions for 2017: Craft beer revenues grows 5%-7%. The price of contract brewing decreases by 40% at the end of 2017. Restaurant Groups and Real Estate groups begin buying breweries Foreign beer groups begin buying US breweries […]

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Technology is a Tool

Since this is a super interest of mine, I am going to break it down into two posts: 1) Technology is a Tool and 2) Technology Suggestions for the Back-Office: A burning question that kept surfacing at the conference was, “what software are you using?”  When I start working with a  brewery I always preface

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Fixed Assets and Depreciation

Boring stuff: Depreciation is the benefit you receive over a given time period from the capital assets you purchased (tank, fermenter, canning line, etc)  Unlike monthly recurring expenses (utilities, office salaries, supplies) capital assets are placed on the balance sheet rather than the profit and loss.  The depreciation from these assets is what appear on

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Taproom POS

Recently, taproom POS (point of sale) questions keep appearing up on my radar. More specifically, people want to know which tablet application is best for their taproom.  Within the last 5 years many POS startups have moved in and commanded respect in the space.  The introduction of the tablet in business, coupled with these subscription

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How It All Started

West Coaster’s bear with me; Midwesterners please be patient. I know what I am about to say is SO a decade-old for yall, but here I go. I am excited about craft brewing!!! This industry is less than 5 years old to my wonderful city, and the momentum is not slowing. While I love beer,

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Conditioning

Quick reminder……..What is our goal? Purposeful Financials In the conditioning phase we emphasize clarity.  It is important that we all understand the various processes and technologies that have emerged from the boiling phase.  The purpose of conditioning is to stabilize the new processes working toward reliable financials.  This step is executed in one of two

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Delivery

We are home! How do we know? Because I said so. On the surface I am hoping the delivery phase pulls together the work put forth in steps one and two.  This is the fruit of your labor (and ours, no doubt).  Reports, cost analysis, projections, tax filing or planning to name a few.  On

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Boil it Down

We break it down! Why?  We need to understand why your process are what they are. Surely the accounting department has some rhyme to the reason.  Each brewery is unique in the way it runs its back office. Some self-distribute, others outsource payroll, while others are operating in a dark corner, on crates, beside the

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