CAN MY CRAFT BREWERY AFFORD TO WAIT FOR SBA EMERGENCY FUNDS?
I love it when our members step up and help each other. We've all felt overwhelmed by the changes to our businesses. We've made the heart wrenching choice to furlough some employees, we're worried about how no draft sales will affect the supply of cans, and (at least in the USA) the federal government keeps asking us to reapply for disaster relief loans because the rules seem to constantly change.
Backwoods Brewing Company CEO,
Steve Waters answered the call multiple times this week and has authored FOUR blogsto help you determine your cash burn rate, estimated payroll, and how much you can reasonably and responsibly borrow through the federal disaster relief programs.
That's why this thoughtful, smart, and humorous CPA/CEO is Crafting A Strategy's first two-time winner of our CAS Member of the Month award! Thank you Steve Waters for stepping up to help those in need!
ADDITIONAL CAS MEMBERS STEP UP ON OUR COVID-19 OPERATIONS FORUMS (MEMBERS ONLY)
Several CAS members answered questions and shared best practices on two forum threads this week. First, Dr. Mark Meckler and CAS Member, Rick Wehner (Brewery Finance) listened to the Brewers Association's webinar on SBA funding and distilled the information down in a
New Forum Thread: Staying Afloat Through the COVID-19 Situation.
a previous forum thread received new action from
Postdoc Brewing (Redmond, WA USA),
Backwoods Brewing (Carson, WA USA), and
CAS Co-founder, Dr. Mark Meckler.
AM HOLLOWAY DISCUSSES STRATEGY, INNOVATION, AND OPERATING UNDER COVID-19 UNCERTAINTY ON THE BREWING BUSINESS SHOW (PUBLICLY AVAILABLE)
Congratulations to our first ever, two-time winner of the CAS Member of the Month, Steve Waters!
Steve is among the most generous Member Experts in our community and regularly shares his thoughts on our forums and on podcasts. The reason I made him our first two-time winner has been his response to questions about COVID-19 and applying for funding from the United States' Small Business Administration. So, apologies to our non-USA members spread across the globe, but within each of these blogs is wisdom that can help anyone, anywhere in the world:
You are receiving this eNewsletter because you are either a member at CRAFTINGASTRATEGY.COM or you signed up to receive it. Congratulations! You take responsibility for your business' financial future.