In this hands-on workshop participants will develop a financial forecast for the first 3 years of operation. Attendees will leave with a forecast template that generates three basic financial reports: balance sheet, income statement and statement of cash flows. The template can be adapted for different forecast assumptions. Due to time constraints, this session will only focus on production (no brewpub activity will be covered) and wholesale sales. Participants are encouraged to bring their own computer and will be provided with an Excel template in which they will input their assumptions about operations for years 1-3 of the brewery.
- Form a financial plan and timeline for a brewery in planning
- Develop basic financial projections for years 1-3 of brewery operations
- Understand the difference between basic financial statements