2020 hasn’t gone the way anyone expected, giving everyone plenty of reasons to worry and fret. But I thought for this year-end blog it might be good to focus on the positive rather than the negative. I think we could all use more of the former and less of the latter. I was mulling over […]
Well, 2020 hasn’t gone the way anyone predicted. But for that reason, I think it’s all the more important to remember the things that have gone well. Here at KBSCFO, some things haven’t worked out, but many things have gone right this year. The more I think about it, the more I realize how many […]
As you are probably well aware if you run a distillery, the prospect of an increase in the excise tax for distilled spirits is hanging over the industry’s head. In December 2017, Congress passed a bill that included a provision to temporarily lower the federal excise tax (FET) on spirits Distillers pay $2.70 per proof […]
Recently I’ve been taking sailing lessons on the nearby Chesapeake Bay. It’s been a fun and relaxing pastime during a particularly stressful year. My sailing instructor has been teaching me watercraft safety rules and sharing some cautionary tales. What has been striking to me is how many of those rules also apply to landlubbers—and business […]
Did you know that KBS CFO has practice that specializes in working with distilleries? Powered by KBS CFO, DistilleryCFO (www.distillerycfo.com) focuses on the success, growth, and sustainability of distillery businesses. DistilleryCFO is a one-stop solution, addressing the financial and technological elements of running a distillery while providing the great service that KBS CFO is known […]
There are a lot of people offering a lot of useful—and not-so-useful—advice about weathering the storm created by COVID-19 and the economic downturn. They talk about marketing efforts, restructuring lease agreements and debt, or moving business online. You might be forgiven if you read such articles and think: “That’s all very well and good, but […]
As for many businesses, this is a tough time for a number of distilleries. Restaurants and bars have very limited operations—if they’re opened at all—and large distributors simply aren’t buying the inventory they usually do. Tasting rooms are closed. And employers worry about whether they need to lay off staff while being hyper-alert to their […]
In just two months the pandemic has turned a lot of conventional wisdom on its ear. Many of the rules that were once taken for granted in the business world no longer apply when your company may be partially or completely shut down. This situation is completely unprecedented. Since nobody has ever faced it before, […]
The coronavirus has abruptly thrust thousands of businesses into the strange waters of full-time remote work with little advance notice or preparation. Setting up remote working might sound easy in theory: after all, everyone has a computer and a phone. But as you try to organize a daily routine, your team might have trouble coordinating. […]
This week I was honored to be included among some very accomplished women who have built, and are working to sustain and grow their own businesses. Each week, Danielle Tate, CEO and Founder of Miss Now Mrs and now The Elegant Entrepeneur selects a Female Founder to spotlight. This is just one of the ways that […]