E85: Know Your Numbers with Kary Shumway of Beer Business Finance

E85: Know Your Numbers with Kary Shumway of Beer Business Finance

Author: Small Batch Standard May 17, 2024 Duration: 45:33
In this episode of The True Craft Podcast, we delve into the world of brewery financial management with Kary Shumway, creator of Beer Business Finance. Drawing upon his decades of experience, we chat about topics for brewery owners striving to excel in today's industry, such as: 1. How to (actually) manage cash flow and why relying solely on gut feeling to make decisions isn’t cutting it 2. When contract brewing makes sense and when it doesn’t 3. Where to invest just 10 minutes of daily learning to make a big difference over time in understanding your brewery’s finances As Kary points out, the notion that "accounting and financial literacy are best left to others" is an outdated mindset. It's time to take ownership, and Kary provides a unique viewpoint on where to get started.

Every week on The True Craft Podcast, hosts Chris Farmand and Katy Noel pull up a chair for the kind of frank talk you’d usually only get in a private office or after hours at a trade show. This isn’t about surface-level success stories. Instead, each episode features a genuine conversation with a craft business owner, digging into the real and often messy details of running an operation. You’ll hear about the specific hurdles they’ve faced, the unexpected opportunities they’ve seized, and the tough, daily decisions that define life as an entrepreneur in this hands-on world. Created by Small Batch Standard, the podcast serves as an essential resource for practitioners who want to move beyond theory and into the practical realities of management and growth. The discussions are grounded, insightful, and focused entirely on the experiences of people who are actually doing the work, making it a unique listen for anyone building a business with their own hands. Tune in for a dose of honesty and actionable perspective that cuts straight to the heart of what it means to be a craft owner today.
Author: Language: English Episodes: 100

The True Craft Podcast
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