A New Era of Craft
We sat down with our brewery consultants, Derek Smith and Julia Grubbs, for a deep dive into their recent experience presenting…
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Recent Posts
Margins
I walked in my kitchen the other night and was greeted by three children banging their fists on the dinner table chanting in unison: “Amazon is never wrong!” Imagine this? These days, the damn kids are programmed at a very young age that a button on my phone will deliver them stuff. I used to
Aces: The time is now
I am fascinated by time. It’s why the “Today is March 1069th, 2020” posts still crack me up. It’s why I find these “life-week” charts undeniably humbling. An instant perspective shift. It’s why @year_progress is my new favorite follow (which gives me a nice, bi-weekly Holy $h!* jolt of urgency as I see just how fast the days
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Aces: When Mavericks Become Leaders
I compare the craft brewing industry to the youngest sibling in a household. See, the youngest child usually doesn’t spend a lot of time with Thomas the Tank Engine or building blocks. The youngest child is usually mirroring their older siblings, inadvertently skipping over age-appropriate activities in a rush to grow up. In my household
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Stay of Execution
Hey there, Happy New Year My name is Chris Farmand and I am the founder at Small Batch Standard. We are the premiere financial agency for craft. Over the past 12 years our team has been immersed in craft beer finance. Needless to say we have learned a lot, and the industry has evolved. I
Mind the Gap – Expenses
If you are just joining us….welcome.Over the past 2 weeks I have been on a tear about the importance of Minding the Gap in your brewery’s finances. First up was Revenue and then came Cost of Goods Sold… And today we are talking about the hard part…General and Administrative Expenses. No one is talking about
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Mind the Gap – COGS
When I visited London as a teenager I still remember seeing “Mind the Gap” everywhere. Street vendors and tourist shops were filled with merch plastering the words on hats, shirts, bags, etc, etc, etc Looks like that might still be the case today… Anyways. So it’s been a week since I’ve asked you to book
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Revenue Obsessed
Happy December, damn this year flew by. Brewery owners are obsessed with revenue. Sometimes referred to as “Sales” or “Top Line” “Bruh, sales are down 20% quarter over quarter and we don’t know what to do.” I am getting the sense that as long as revenue remains the same or grows, you think everything will
Debt to Assets Ratio
I talked recently to a brewery looking to build a new taproom across town. Their current taproom was packed nightly and they knew the potential new location to be a beer desert. They would make a killing. The bank said no. They were too risky. They talked to several investment firms, only to be told
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Is this a business or a hobby?
Are you running a business or a hobby? You might say: “Of course I’m running a business. I have a tax ID. I have a building. I’m selling a product. I employ people. My business is 5 years old already.” Turns out, it takes a little more to differentiate between a business and a hobby.
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