With the increased popularity of wineries, advancements lead to more tax savings. Vineyards and wineries have been in existence for thousands of years. Recently, however, they have become more than a center for manufacturing – they have transitioned into a destination for entertainment and tourism. People travel to a location specifically for wine, they host…
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Excess inventory is a fact of life in the wine business. The world can change dramatically in the year or two between planning production and going to market with a wine. As winery ourselves, we had to figure out how to sell excess inventory without damaging our long-term prospects for success. Recently, we have worked…
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The regulators taking over Silicon Valley Bank and the speed at which it happened shocked many of us. As employers navigate the ongoing volatility and uncertainty in the markets – businesses can take measures to: Increase their liquidity. Diversify their service providers and suppliers. Protect their systems/data. Put risk management and insurance protection in place…
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Are you a small business owner struggling to keep your finances in check? Do you constantly worry about cash flow, expenses, and profits? You’re not alone. The financial health of a small business is crucial for its survival and growth. Here at Protea Financial, we have come up with five essential tips that can help…
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As with most business transactions, supply and demand dictate the outcome. The same is true when buying or selling wineries and/or vineyards.
The Wine Industry has a common language, but do we use it between different disciplines? Stick to 3 rules to empower your colleagues…so that they can help you do your job better. Many wineries and businesses find themselves hesitant to hire outside help because it seems like heavy-lifting to onboard a new person. Similarly, departments…
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