Are you confident that your current costing method in the wine industry is effectively driving your business forward? As a wine producer, it’s imperative to continually assess and refine your costing methods to maintain competitiveness and profitability. At Protea Financial, we understand the complexities of the wine industry and offer expertise to help optimize your…
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In this conversation, Zane Stevens discusses the importance of protecting cash and paying valid bills. He shares a story about a costly lesson learned from paying a phony bill and emphasizes the need for good processes to prevent such incidents. Zane also highlights the risks associated with using checks for payments and the importance of…
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Welcome to the world of wine, where every sip is an experience worth savoring. Whether you’re a passionate winemaker or a dedicated connoisseur, one thing remains certain: the success and sustainability of your wine business rely on effective inventory costing strategies. Protea Financial wants to explore two key methods to propel your winery toward growth and…
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In this episode, Zane Stevens discusses the importance of managing cash flow in a tough economy. He highlights the challenges faced by businesses, particularly in the luxury and alcohol beverage industries. Zane emphasizes the significance of accounts receivable as a tool to supplement cash flow and urges business owners to collect the money owed to…
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The wine industry is not just about vineyards and vintages; it’s also a complex business that requires careful financial management to thrive. At the heart of this financial success lies an essential element: inventory costing. At Protea Financial, we want to explore the wine industry’s two primary inventory costing approaches, shedding light on their benefits and…
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In this episode, Zane Stevens emphasizes the importance of consistency in various aspects of life and business. He starts by discussing the busy month of January and the need for effective communication. Zane then explains how consistency builds trust and strengthens relationships. He highlights the role of consistency in achieving goals and developing self-discipline. Zane…
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