Kary Shumway - Podcast Details

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Tapped In Sales and Strategy for Beer Distributors18: Cash Flow Secrets with Kary Shumway from Beer Business FinanceSummary In this episode of the Tapped In Sales podcast, Bud and Mike interview Kary Shumway, a financial guru for beer distributors. Kary shares his journey in the beer business and how he became an expert in finance for the industry. He emphasizes the importance of financial literacy and training for all employees, from drivers to sales managers. Kary also discusses the challenges that distributors face, such as understanding their numbers and managing costs. He highlights the need to focus on cash flow and gross profit, and suggests creating a culture of collaboration and communication to break...2024-08-2036 min

The Start A Brewery Podcast026 - Purchasing an Existing Brewery: Financial Options & ChallengesFinance is always a critical component of business discussions, and this is no exception. We talked about the numbers in episodes 19, 20 & 23, and we do so again here with Purchasing an Existing Brewery. Our guests address determining the value of an existing brewery, what kind of financial due diligence they would recommend, how an existing business can shift the focus of the SBA and lending institutions, and more. Coming from three different spaces in the craft beer industry, Derek Wasak of Plato Brewing & Consulting, Kary Shumway of Beer Business Finance, and Scott Birkner of Dogwood State Bank share their thoughts...2024-07-1657 min

The True Craft PodcastE85: Know Your Numbers with Kary Shumway of Beer Business FinanceIn this episode of The True Craft Podcast, we delve into the world of brewery financial management with Kary Shumway,creator of Beer Business Finance. Drawing upon his decades of experience, we chat about topics for brewery owners striving to excel in today's industry, such as:How to (actually) manage cash flow and why relying solely on gut feeling to make decisions isn’t cutting itWhen contract brewing makes sense and when it doesn’tWhere to invest just 10 minutes of daily learning to make a big difference over time in understanding your brewery’s financesAs Kary points...2024-05-1745 min

BYO Nano Brew PodcastEpisode 46 - Your Nanobrewery Financial CheckupThis is as good a month as any to be thinking about your brewery’s finances - both long term and short term - and the best practices for a check in or to get your money situation in order. Most brewers don’t open a brewery to get into finance, but managing cash flow is a necessary part of the job. Our guest on this episode is Kary Shumway, CPA, former CFO for a beer distributor and current CFO for Wormtown Brewery in Worcester, MA. He’s here with insight and a checklist to help get your...2023-10-1548 min

The Start A Brewery Podcast020 - Getting Into the Numbers, Part IIFrom business projections to everyday financials! Dovetailing nicely with our previous episode, Getting Into the Numbers, Part II recaps a bit of the groundwork prep you’ll need to start generating numbers for your business plan and then hits seasonal projections… before heading into a thorough discussion of best practices and strategies to help new and existing breweries stay in touch with their financials. It comes as no surprise that communication is the #1 culprit in a lot of distressed situations, and our guests get into some ways to tackle that challenge as well. A deep dive with both strategy and...2023-09-2644 min

The Start A Brewery Podcast019 - Getting Into the Numbers Part IProforma, Sales, and Cash Projections, oh my! Episode 019 literally “Gets Into the Numbers”, with a ton of guidance about approaches to the tasks, available templates, and other resources to help you with the financial side of your business plan. Our guests discuss the strategy around conservative plans & projections and what lenders/investors are looking for…and break it down into terms that our hosts can understand. Audra Gaiziunas and Kary Shumway both are chock full of experience, offer different perspectives around how to work into the numbers, and provided such a wealth of information that we are recording again for Get...2023-09-1244 min

Get Hoptimized PodcastControlling Brewery Costs in 2023We're joined by Kary Shumway of Craft Brewery Financial Training to talk about how to better control costs in 2023. A very timely episode considering the current economic climate. Even if we weren't dealing with a recession or inflation, the insights from Kary on this topic are still really useful. If you are looking for more financial insight, head to Kary's website, www.craftbreweryfinance.com. ---For more information on Get Hoptimized, check out our website or follow us on social media.www.gethoptimized.com@gethoptimized 2023-03-0343 min

Craft Beer ProfessionalsWhat to Consider When Choosing Your Brewery's POSYour point of sale system is the backbone of your taproom. From the guest experience to your team and taproom's unique needs, it is important to find the right POS that helps maximize your success. In this session, we will discuss reporting/analysis, fees/pricing, selling tools, integrations, service/support, and a process to make selecting the POS more efficient. Whether you are soon to be opening your doors or looking for a more effective POS solution, Kary is excited to outline criteria to consider. Kary Shumway is the fo...2023-02-1533 min

The Start A Brewery Podcast002 Your Dream: The Gut CheckThis discussion bridges the dream with the preliminary steps you will need to take to create your initial business plan, and these topics - though critical – are not necessarily dream crushers. Some can inspire you to evaluate and shift in the necessary direction to find a solid path forward. Others may be of greater consequence and require a significant overhaul. Guests include: Tom Hennessy, Colorado Boy Brewery (https://coloradoboybrewing.com/ )Tom Hennessy has opened seven breweries of his own and helped open over 130 more with his Colorado Boy Brewery Immersion Course...2023-01-1758 min

Craft Beer ProfessionalsGoal Setting with Kary Shumway (Craft Brewery Financial Training)As we start the New Year, we are excited to welcome Kary Shumway (Craft Brewery Financial Training.com) to discuss how to make your resolutions stick. Kary will discuss goal setting basics, strategies to stay organized, and how to make your goals stick. He will even share a few book recommendations to help you along the way. Join us for a conversation to get 2023 started on the right foot. Join us in-person for CBP Connects | Half workshop, half networking Milwaukee, WI | June 19-21, 2023 Grab your spot now...2023-01-0437 min

Craft Beer ProfessionalsUnderstanding Brewing Economics for Production ProfitabilityJoin a panel with Pulkit K. Agrawal (Beer30 by The 5th Ingredient), Chris Farmand (Small Batch Standard), and Kary Shumway (Craft Brewery Financial Training.com) on a topic dedicated to “Understanding Brewing Economics for Production Profitability". The topics covered will include helping owners and CFOs understand: Their brewery’s COGS with a breakdown of materials, labor, and losses Process changes to improve efficiency for greater yields and decreased costs Different methodologies of accounting sync between brewery management systems and your accounting platform - only syncing over AP / AR for a simplified accounting workflow, or syncing over the full...2022-12-171h 01

The Beer Mighty Things Podcast# 160 - On Year-End Insurance Tips with Kary ShumwayIn this episode with Wormtown's Kary Shumway, HE interviews ME. We're talking year-end insurance tips, taking inventory and figuring out where you've been so you can get where you're going. We're talking Inflation, property valuation, audits and certificates of insurance as well as employee classification and what does/doesn't trigger insurance claims, including ADA-Compliant websites. Follow Kary at: www.craftbreweryfinance.com Follow me at @beermightythingspodcast on IG, @beermightypod on Twitter and hit me up with an email at kyle@craftbrewinginsurance.com www.craftbrewinginsurance.com 2022-11-0249 min

Craft Beer ProfessionalsAdvancing Your Career and Staff Education with the Cicerone Certification ProgramIn this podcast you'll hear the audio version of the Taproom Success Membership monthly Industry Expert conversation. Join Andrew, Kary Shumway (Craft Brewery Financial Training), and Chema Mora (Business Development Manager of the Cicerone® Certification Program) for a conversation on the importance of professional development. The Cicerone Certification Program offers a path to advance your career and the knowledge of your team. Join Advanced Cicerone Chema Mora, Business Development Manager for the Cicerone Program, as he shares an inside look at the program and shares tips and strategies to meet your goal. Whether you are s...2022-06-0458 min

Get Hoptimized PodcastConnecting Craft Brewery Finance and MarketingThis is a special episode where Kary and I each sit in the "interviewee" seat, fielding questions from one another. All in an effort to shed some light on how brewery finance and marketing are interconnected.Kary Shumway is a CPA, former CFO for a beer distributor and current CFO for Wormtown Brewery in Worcester, MA.He has spent the last 20 years using finance to help improve financial results for his beer business. Now, he's helping other craft breweries do the same.Learn more about Kary and how he can help your brewery...2022-05-091h 14

Craft Beer ProfessionalsFinding superfans in your community, staffing, and seltzer as a seasonal beverageIn today's podcast you'll hear the audio version of the Taproom Success Membership monthly Q&A call. In this discussion, Andrew Coplon and Kary Shumway (Craft Brewery Financial Training dot Com) talk about a wide variety of topics ranging from how to deal with not having enough staff, looking outside the box for candidates, and 2021 beer industry data. Key Topics How to engage and understand your most loyal customers Making the most of staffing challenges Insights from Lester Jones, economist for the NBWA Taproom key metrics and market trends Learn more at https://taproomsuccess.com/ 2022-01-2443 min

Craft Beer ProfessionalsHow to Reward and Motivate your Taproom EmployeesIn today's podcast you'll hear the audio version of the Taproom Success Membership monthly Q&A call. In this discussion, Andrew Coplon and Kary Shumway (Craft Brewery Financial Training dot Com) talk about a wide variety of topics ranging from contingency planning for taprooms to how to build relationships among your front/back of house taproom staff. Key Topics How to reward and motivate your taproom employees Team building tactics to help drive more revenue through your taproom How to use accountability and a proven system to build your financial plan Learn more at...2022-01-0341 min

Craft Beer ProfessionalsOpening Multiple Taprooms (Panel Fest 2021)Is craft beer at a saturation point? Our four panelists certainly didn’t think so when they decided to add another location to their repertoire. To successfully grow, it is necessary to have a well thought out plan and measures in place to maintain the same high level of quality and experience as you continue to grow. In this conversation, we will discuss aspects to consider when planning an expansion, challenges you may face, and strategies for success while growing via the taproom model. Panelists: David Ringler (Cedar Springs Brewing Company) John Hagg...2021-12-241h 03

The True Craft PodcastOffice Hours #7: Balancing Dance And Taxes With Julia GrubbsWe’ve got two more episodes for you before the end of the year, and today is this season's edition of Office Hours, a segment we created to highlight the expertise of the team members at Small Batch Standard. We’re talking with Brewery Accountant and Tax Specialist, Julia Grubbs.She tells us how she earned her CPA title while working on a cruise ship, her journey to working with breweries, along with the value and benefit of quality tax handing.Enjoy!P.S. If you still need some listening material, Chris...2021-11-1524 min

Craft Beer ProfessionalsCBP Connects Spotlight: Kary Shumway (Craft Brewing Financial Training.com)See you in 2022 at CBP Connects presented by Arryved POS, a series of workshops in three markets across the United States offering collaborative and educational opportunities for Craft Beer Professionals. Join your fellow Craft Beer Professionals for 3 days of networking and education. Kary will be leading a workshop on "How to Build Your Taproom Financial Plan." In this session we will simplify your brewery financials, so that you can read and understand the numbers of your business. No debits and credits here, just a usable and actionable financial game...2021-11-0805 min

Built & BrewedBuild Your Brewery Pro FormaOn this Episode of Built and Brewed we talk with Kary Shumway. Kary is a CPA, CFO at Worm-town Brewing in Massachusetts and the owner of www.CraftBreweryFinance.Com In episode 3 we talk about how and where to start forming your financial plan, some key terms and go over several details included in our Pro Forma at Red Engine Brewing Company. This step is often very challenging to develop and conversations like this podcast should help you find the "edge pieces" of the puzzle. As always reach out if you have questions and also be su...2021-10-271h 10

The Beer Mighty Things Podcast# 91 - On Understanding the Cost of a Beer with Wormtown BreweryWe’re talking Financial Literacy with a new friend of mine. Author, CFO, CPA and the all-around-numbers-guy of Wormtown Brewery (MA), Kary Shumway. We hit on Materials vs Margins analysis, days-on-hand calculations, software stacks, and mainly how to Increase profits, increase cash flow, and increase financial sustainability. Books mentioned: The Richest Man in Babylon, Total Money Makeover, Everyday Millionaire, Little Giants, The One Thing, Eat That Frog and Kary's own: "Beer Business Finance: A Handbook for the Next Generation" LINKS: www.karysfinancialtraining.com - www.craftbreweryfinancialtraining.com - Craft Brewery Financial Training Podcast Use...2021-05-1850 min

The True Craft PodcastFriends of SBS #2: Financial Foundations with Kary ShumwayBefore we drop season 2 we have one more Friends of SBS segment. This one features Kary Shumway, the mastermind behind Craft Brewery Financial Training.Chris and Kary talk brewery management software, when to take the plunge and start using it, and metrics that should be top of mind for all brewery owners.Kary also shares his background, how he started financial training in the craft industry, and his thinking behind his course.Season 2 next week.Enjoy!Links:Craft Brewery Financial TrainingKary’s Financial Training...2021-04-1949 min

Craft Beer ProfessionalsFinance for Non-Financial PeopleThis conversation features: Jason Sleeman - United Community Bank - Craft Beverage Josh Lance - Lance CPA Kary Shumway - Kary's Financial Training/Wormtown Brewery Rick Wehner - Brewery Finance www.CraftBeerProfessionals.org 2021-02-091h 05

Discover Popular Titles Full Audiobooks in Self Development, ParentingSpeaking in Numbers Audiobook by Kary R. ShumwayListen to this audiobook free with a 30-day trial. Go tohttp://hotaudiobook.com/freeTitle: Speaking in Numbers Subtitle: A Parent's Guide: How to Help Your Child Learn Math in 9 Easy Steps Author: Kary R. Shumway Narrator: Joshua Macrae Format: Unabridged Length: 1 hr and 46 mins Language: English Release date: 09-16-15 Publisher: Kary R. Shumway Ratings: 4.5 of 5 out of 2 votes Genres: Self Development, Parenting Publisher's Summary: Do you want to help your child improve in math, but don't know where to start? This short guide holds the answers for you. Fear not, there is no actual math in this audiobook. There...2015-09-161h 46