Craft Brewery Financial Training Podcast Taproom and Brewery Metrics to Monitor
Nov 15, 2024
27:45
Key metrics measure the most important things in the brewery. Things like sales growth, margins, profits, and cash flow.
When identifying key metrics, the first step is to measure what matters.
Start with one problem you need to solve or one opportunity to take advantage of.
The next step is to build a dashboard of key metrics.
Identify one company goal, one KPI that is critical to watch, like cash flow. Then build up the KPIs for each department that support the company goal.
Key Topics
- How to use lagging indicators, leading indicators, process goals, and outcome goals
- Best practices in choosing key metrics
- Example scorecards, templates, and dashboards
- How to align compensation and KPIs
Resources
- Learn more about the Beer Business Finance Association