The most often-quoted statement in business is that managing one’s finances is the critical part of running a business. However, it could turn into one of the most complicated and overwhelming tasks if you weren’t experienced in financial matters. Knowing your finances is much more than just keeping receipts and counting the money coming in…
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Understanding Business Management Ratios
As a follow-up to our article “Benchmarking in the Wine Industry,” we wanted to share some key business management ratios with you. Business management ratios are essential for management or owners to evaluate a company’s financial health and operational efficiency. Ratios can distill activity to a single number, providing a point-in-time insight or multiple periods…
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Harvest Season Wrap-Up: Financial Reporting and Analysis for Wineries
Throughout harvest season, your focus is on your products. However, when it winds down, it is time to shift your focus from the vineyard to your financial books. The end of harvest is not just a moment to breathe a sigh of relief; it’s an opportunity to evaluate your winery’s performance, assess your financial health,…
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Protea Weekly – Episode 36 – Building Resilience
In this episode of Protea Weekly, Zane Stevens discusses the importance of building resilience in the face of challenges. He emphasizes the need to share knowledge, speak up when struggling, and embrace the rule of thirds in business. Zane provides tips for building resilience, including staying flexible, developing coping strategies, maintaining a support network, focusing…
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Benchmarking in the Wine Industry: A Path to Financial Health
Do winery owners know if their winery is actually performing well? Possibly not. There is a good chance they have a general sense of how their business is doing, but do they know how they are doing compared to their peers or the standard you would expect from a winery? Innovint’s recent outreach to its…
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Protea Weekly – Episode 35 – Strategies for Bad Days
In this episode, Zane Stevens shares updates on his personal life and busy season as a soccer coach. He then discusses a social media post by Kim Carpe about the rule of thirds in work. Zane emphasizes the importance of recognizing that work will have good, okay, and bad days, and provides strategies for each….
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