Brewery Financial Tips with Audra Gaiziunas

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 resourcesWebinar - Forecasting Cash Flow Needs During Times of TurbulenceWebinar - Best Practices for Cash Flow ManagementSign up for the free Craft Brewery Finance Newsletter. Financial Intel for Craft Breweries. 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.