Description

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 Success

1. Financial literacy training
2. Bonus program
3. Financial reporting and forecasting

Resources

• Get 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 Course

Sign Up for the Free and World-Famous Craft Brewery Financial Training Newsletter

Today’s episode is brought to you by BevCap. At Beer Business Finance, we talk a lot about installing systems that improve profitability and health insurance should be no exception. BevCap helps beverage companies apply the same discipline they use across the rest of the P&L to employee benefits, helping create smarter plans, more visibility into costs, and significant savings over time. To learn more visit BevCapManagement.com. 

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.