Plan for the future by creating financial plans that enable you to grow your business, capitalize on opportunities and weather the threats.
Three reasons why you should write a business plan anyway.
1. Defines success.
2. Estimates costs and time.
3. Acknowledges risks and rewards.
Wineries are looking to discounts as a way of generating cash flow. But can discounts hurt the winery in the long run? Here are some ways to use discounts without damaging the integrity of brand pricing.
Is your business focused on a niche market? What does it mean and how do you do it? These ideas are explored in my post on Niche Marketing.
Oft times in the wine business, the jump from home winemaker to winery owner happens overnight. You wake up one morning and decide, “Today I will start a winery.” Sometimes, this is drawn from a love of wine and a slow accumulation of bottles over the years, coupled with a lot of extra cash. OtherContinue reading “To Plan or Not To Plan…”