This is as good a month as any to be thinking about your brewery’s finances - both long term and short term - and the best practices for a check in or to get your money situation in order. Most brewers don’t open a brewery to get into finance, but managing cash flow is a necessary part of the job. Our guest on this episode is Kary Shumway, CPA, former CFO for a beer distributor and current CFO for Wormtown Brewery in Worcester, MA. He’s here with insight and a checklist to help get your brewery finances in order. Shumway has spent the last 20 years using finance to help improve financial results in business. Now, he’s helping other breweries, wholesalers and cideries to do the same. His financial training programs have been developed on a new learning platform in order to deliver the best experience for you. The programs are designed specifically for non-financial people who have the responsibility of either managing or contributing to the success of business. He chronicles it all and offers resources at www.karysfinancialtraining.com . The BYO Nano Podcast Episode 46 is sponsored by: Fermentis Coming Soon! Because there are occasions when a single micro-organism is not enough, Fermentis is launching All-In-1™ blended products for nanobrewers, in 25-gram sizes! Discover SafBrew™ DW-17, a mix of active dry yeast + enzymes, for the production of very dry and complex beers with fruity, woody and slight acidic characters. Learn more at www.fermentis.com . Grainfather Whether you’re looking for a brewing system to create trial recipes, or you want to easily add production capacity to your nanobrewery – the Grainfather G70 electric brewing system is your solution. The G70 has a 70 liter capacity, allowing you to easily make ½ BBL batches of beer in a compact system that won’t take up valuable floor space. Ask your BSG sales manager for more information about the G70 today, or go to Grainfather.com to learn more. Five Star Chemicals We all know that brewing is an art, but it's also a science. That's where Five Star Chemicals comes in! They offer a stellar lineup of products designed to simplify and enhance your brewing process. Be sure to check out the PBW Liquid and PBW Tablets. Same cleaning power in a different format! FiveStarChemicals.com BYO Nano+ Membership Get access to hundreds of hours of on-demand videos covering small craft brewery strategies with BYO’s new Nano+ Membership. Learn from craft beer experts watching replays of past NanoCon seminars plus a complete library of in-depth workshops. You’ll also have full online access to all of BYO’s digital content and an annual print magazine subscription. Check out byo.com/nanoplus for more details. BYO Nano Brew Podcast Episode 46 Host: John Holl Guests: Kary Shumway Contact:
[email protected] Music: Scott McCampbell
