What is one lesson all breweries should learn from this crisis? Always have a financial contingency plan.
In today's podcast, I talk to Audra Gaiziunas from Brewed for Her Ledger, LLC. We cover how to build a financial contingency plan, the importance of cash reserves, working capital lines of credit, and investor sources of capital.
Other topics covered in the episode: The new beer margins and the need to right-size operating expenses. The most important (and most misunderstood) financial statement. The new super power breweries must learn: Diversification.
Links to more resources
Webinar - Forecasting Cash Flow Needs During Times of Turbulence
Webinar - Best Practices for Cash Flow Management
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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.
