On Valentine’s day we celebrate the ones we love and shower them with flowers, candy and fancy cards.
This Valentine’s day, shower your wholesaler financials with some love, too.
In this post, we’ll review 3 ways you can give extra attention to your income statement and balance sheet.
#1 Increase Beer Sales
Store shelves aren’t getting any bigger and customers aren’t drinking more beer. Time to put on the thinking cap, get creative and explore new ways to increase the top line sales volume.
Read this post on the 3 Ways to Increase Sales for ideas to give the sales line on your income statement some love today.
#2 Decrease Wholesaler Expenses
The best way to make more money in your beer business is to spend less money. Plain and simple. However, it gets complicated when you try to figure out where, exactly, to cut back.
In this post, we’ll talk about the power of Purchase Orders to help you control spending.
This simple tool will help ensure that the hard-earned money you spend on supplies, materials and equipment is spent properly.
And nothing says Happy Valentines Day like a great Purchase Order.
#3 Clean up your Balance Sheet
The Balance Sheet records assets, liabilities and equity. Sadly, not many folks pay attention to this forgotten member of the financial statement family.
However, a clean balance sheet is the key to accuracy in your financial reporting.
Read this post on how to avoid mistakes in your financial statements and make sure your balance sheet is clean and tidy this Valentine’s Day.
Wrap Up + Action Items
Valentine’s Day is a time for love and honoring that special someone in your life. That’s important stuff, but don’t forget your special income statement and balance sheet, they need your love and attention, too.
Happy Valentines Day,
Kary
P.S. The new Beer Wholesaler Financial Training Program is now LIVE! Check out a 2-minute video of the program.
