Unreasonable Hospitality in Action: Turning Everyday Moments into Extraordinary Culture Will Guidara’s philosophy of unreasonable hospitality isn’t about grand gestures—it’s aboutintentionality. At his restaurant, Eleven Madison Park, the number one restaurant in the world,the team examined every single touchpoint a guest might encounter and asked: “How can wemake this better?” Imagine applying that same lens…
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How Accrual Accounting Can Improve Your Winery’s Cash Flow
At Protea Financial, we often hear from winery owners who equate strong cash flow with immediate cash on hand. While that’s certainly a component, we believe that a deeper understanding of your financial performance, particularly through the lens of accrual accounting, can actually be a powerful tool to improve your winery’s cash flow management. It…
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Navigating Complex Accounting Scenarios: When a Hybrid Approach May Be Necessary
At Protea Financial, we understand that the financial landscape for wineries and vineyards can be as varied and nuanced as the wines you produce. While there’s often a desire for a straightforward, one-size-fits-all accounting solution, the reality is that your unique operational complexities might necessitate a more flexible strategy. That’s where a hybrid approach to…
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Why Accrual Accounting Provides a More Accurate Picture of Your Winery’s Financial Health
Unlike cash methods, which only track money when it changes hands, the accrual method records revenue as it’s earned and costs as they’re incurred. This approach mirrors the natural rhythm of wine production, from grape cultivation to bottle aging, by aligning income with related expenditures. For example, imagine selling a 2023 vintage to a distributor…
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Accounting for Fixed Assets in the Wine Industry: Land, Buildings, and Equipment
At Protea Financial, we understand that the wine industry is a unique blend of artistry and business acumen. While crafting exceptional wines is your passion, managing the financial side of your operation is equally critical. A significant portion of your winery’s financial health lies in your fixed assets – land, buildings, and equipment. Properly accounting…
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The Power of Unreasonable Hospitality: How Putting Employees First Transforms Business Success
When people hear the word hospitality, they think about restaurants & hotels. But what if hospitality wasn’t just about guests what if it became the foundation for how businesses treat their employees?Will Guidara, author of Unreasonable Hospitality, revolutionized the fine dining industry by creating extraordinary guest experiences. But his philosophy isn’t just for restaurants, it’s…
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