Craft Brewery Financial Training Podcast How to Drive Brewery Profitability
May 21, 2024
Learn about key drivers of brewery profits, scorecards for measuring and improving the bottom line, effective cost-cutting strategies, and creating a profit plan. Explore tactics for driving sales growth through data-driven marketing, growth KPI dashboards, and profit-focused initiatives. Discover methods for enhancing profitability by assessing ideas based on impact and effort, and using scorecards to improve sales, margins, and operating expenses.
AI Snips
Chapters
Transcript
Episode notes
Key Drivers of Brewery Profits
- Brewery profits depend on sales, margins, and expenses.
- Analyze each area to understand the financial health of your business.
Sales Analysis
- Track sales by source (retail, wholesale, taproom).
- Separate food and beverage sales to understand each segment's profitability.
Sales Projection
- Use a rate times volume equation to project sales.
- Multiply your product's price by the expected sales quantity.