As the year draws to a close and the vines enter their dormant season, wineries face a unique set of challenges and opportunities. It’s a time for reflection, analysis, and strategic planning to maximize year-end revenue and set the stage for a successful year ahead. At the heart of this planning lies the crucial task…
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Running a business is no easy feat. It’s a whirlwind of managing operations, chasing invoices, and strategizing for the future. In the midst of this chaos, it’s easy to let communication with your financial professionals slip down the priority list. But trust us, clear and consistent communication with your financial team is crucial for safeguarding…
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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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As a small business owner, you’re always looking for ways to streamline operations, reduce costs, and stay ahead of the competition. One of the most effective strategies to achieve these goals is by adopting cloud-based financial management. This transformative approach to managing your finances offers numerous benefits that can significantly enhance your business operations. At…
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The H&N Christensen Company: A Testament to Family, Community, and Adaptation In our first episode of Protea Conversations, we had the privilege of spotlighting Andrea Christensen, the third-generation principal at H&N Christensen Company, an insurance agency with deep roots in San Anselmo, California and operating out of Petaluma. Founded by Andrea’s grandfather in 1923, the…
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Are you a wine enthusiast looking to uncork the mysteries of accounting in the wine industry? Whether you’re a seasoned winemaker or just dipping your toes into the vineyard, understanding accrual and cash accounting methods is crucial for keeping your financial grapes in order. Join us as we unravel the complexities of these accounting techniques…
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