Summary In this episode, Zane Stevens discusses the importance of understanding the cost of products in the wine industry. He highlights the complexity of determining product costs, especially in manufacturing. Zane emphasizes the need for accrual basis accounting to accurately track inventory costs. He explains how accounting can be a service that provides information for…
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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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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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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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We have a guest! Apologies about the technical difficulties at the beginning of the video but it was a great discussion! In this episode of Protea Weekly, Zane Stevens interviews Rob Walker from Silicon Valley Bank about lines of credit for wineries. The conversation starts with technical difficulties but eventually gets on track. They discuss…
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In this episode, Zane Stevens discusses the challenges faced by business owners, particularly in the wine industry, and the impact of changing consumer behavior. He emphasizes the importance of managing cash flow and explores various debt and cash flow options available to businesses. The focus then shifts to lines of credit, explaining their benefits and…
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