by Kary@BeerBusinessFinance.com | Jan 7, 2025 | Profitability
I start the financial planning process using a simple financial model. With this model, I’m looking at summary financial information, trends, and estimates to build a high-level budget. My goal with the simple model is to avoid getting lost in the weeds of the...
by Kary@BeerBusinessFinance.com | Dec 30, 2024 | Profitability
In the 1930s, Napolean Hill wrote a book called the Magic Ladder to Success. The book claims to be the “wealth builder’s guide to winning!” Which is kind of an awesome claim. The times have changed but the principles he writes about have not. In the...
by Kary@BeerBusinessFinance.com | Dec 10, 2024 | Profitability
There are two steps in the budget process: Budget creation and budget execution. You need both to achieve your financial goals. In the budget creation step you build the financial road map. It shows how you’re going to get there. In the budget execution step you...
by Kary@BeerBusinessFinance.com | Nov 5, 2024 | Profitability
The return on investment calculation can help you make more profitable business decisions. As a CFO for a beer wholesaler, I was in charge of the purse strings at the company. Everyone wanted to spend money on one thing or another. Our delivery manager wanted new...
by Kary@BeerBusinessFinance.com | Oct 22, 2024 | Profitability
“Accountability breeds response-ability.” – Stephen Covey One of the big challenges with financial budgets is how to assign responsibility to managers and hold them accountable to the plan. In the short video below, I’ll share simple reporting...
by Kary@BeerBusinessFinance.com | Oct 15, 2024 | Profitability
How do you get managers own their budget? Start by outlining the budget tools, team, timing and information that will be shared with managers. Tools – What financial budget models will you use? Team – Who is leading the budget process? Timing – When...
