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 […]
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
Aces: The time is now Read More »
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
Aces: When Mavericks Become Leaders Read More »
2023 is a year stacked with possibility. 2023 is also a year that will be full of its fair share of challenges, anxieties, and hard decisions. We believe that regardless of what business you’re in, 2023 is a year for high-level execution. And at the foundation? Your team. Our team. At SBS, this has never been more
Aces: Leadership in 2023 Read More »
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
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
Mind the Gap – Expenses Read More »
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
Mind the Gap – COGS Read More »
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
Below you’ll find a replay of the coronavirus cash flow contingency planning webinar we held on Thursday, April 2nd, which walks through the cash flow planning template we’ve developed. Here’s the link to use the template: Cash Flow Contingency Planning Template The Objective What’s most important now is making informed decisions and doing what we
The Brewery’s Cash Flow Contingency Plan: Webinar Replay Read More »
Last week the Families First Coronavirus Response Act was passed into law, which provides two federal tax relief options available to us. Below are a few segments from our call on Tuesday, March 24th that walk through those options and their implications. For reference, here are two documents (first, second) that contain some additional details.
Guidance on Federal Tax Credits from The Families First Coronavirus Response Act Read More »