Harvest season is a critical period for farms and agricultural businesses, including wineries. It’s the culmination of months of hard work in the vineyard and the beginning of the winemaking process. As you prepare to harvest your grapes, it’s essential to have robust accounting practices in place to ensure financial stability and operational efficiency. At…
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Managing the financial health of your business is crucial, but it can also be incredibly challenging. With so many moving parts, it’s easy for financial mishaps to occur, potentially jeopardizing your company’s stability and growth. One effective way to safeguard against these pitfalls is by partnering with outsourced bookkeepers. At Protea Financial, we understand the…
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In this episode, Zane Stevens discusses the importance of reassessing goals halfway through the year. He shares his personal and business goals and how he has been working towards them. Zane emphasizes the need to set SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound) and reassess them regularly. He encourages listeners to adjust or drop goals…
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The foundation of any successful business – including wineries – comprises the numbers that underly everything. Tracking your performance using these numbers is vital to maintaining and expanding a profitable business. The challenge is in the details and the arduous, often-tedious job of allocating costs, calculating COGS, managing key indicator accounts, and more. Wineries are unique…
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Estate planning is crucial for managing and distributing your assets according to your wishes. However, many Americans procrastinate on setting up an estate plan, often due to discomfort or misconceptions about the process. Without a living trust, your assets may undergo probate—a costly and time-consuming procedure. Including a professional fiduciary in your estate plan can…
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As a winery owner, you know that creating a delightful bottle of wine requires more than just excellent grapes and expert winemaking skills. Behind every successful vintage is a meticulous planning process that ensures your winery remains financially viable and profitable. Budgeting and financial planning are the backbone of this process, guiding you to make…
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