Podcast: BBF 008 How to Manage Profit

bbf3In today’s episode we examine how to use the Cash Flow system to manage profit in your beer business. What gets measured gets managed.

This podcast shows you how to measure and manage the key drivers of your profitability: Sales, Gross Profit and Operating expenses.

We’ll also review the basics of creating a Profit Plan – scrap the Budget, begin with the end in mind, and create a plan for profit.

There are 5 Key Drivers of Cash Flow in your beer business: Accounts Receivable, Inventory, Accounts Payable, Capital Expenses and Operating Performance (profit or loss).

Strap on the seat belt, the road to better cash flow is straight ahead.