Wine Industry Archives - Page 5 of 5

The Property Insurance Marketplace for Wineries

[et_pb_section fb_built=”1″ _builder_version=”4.0.7″ custom_padding=”0px||0px|||”][et_pb_row _builder_version=”4.0.7″ min_height=”196px”][et_pb_column type=”4_4″ _builder_version=”4.0.7″][et_pb_text _builder_version=”4.7.4″ _module_preset=”default”] The state of the Property insurance market for wineries is experiencing some severe difficulties and there is no relief in sight for the foreseeable future. We are experiencing what the insurance industry calls a Hard Insurance Market. It is hard to get to coverage and […]

Preparing Your Winery for Natural Disasters

It’s been a tough summer. First, the COVID pandemic slowed down commerce, and most recently the massive wildfires are burning throughout Northern California. This year’s fires came earlier than they historically have and this early arrival means grape harvesting is caught in the crossfire. Many winery owners are rightfully nervous about what the future holds […]

Why Customer Retention is Imperative For a Winery

The primary goal of many wineries is to develop, cultivate and produce products that promote repeat business and retain customers. Wineries exist to satisfy customers’ needs through products or services and it’s important for a winery to retain these customers. Since we operate in a competitive business environment, it is important to identify how we […]

4 Benefits of Outsourced Accounting For Wineries

Accounting and bookkeeping are the heartbeat of the business side of your winery. Unfortunately, these critical functions are too often overlooked by busy owners. While it’s tempting to take shortcuts, or simply rush through the tasks, that can lead to inaccurate financial statements. That’s why Protea Financial offers outsourced accounting services. While it’s certainly understandable – you have […]

Planning for Price Changes

It is common for small wineries to avoid raising their prices for an extended period of time. This is due to a variety of factors, including a lack of accounting input regarding price-volume trade-offs and management’s desire to preserve customer interest. Alternately, a winery may opt to make price changes based on a gut feeling. […]

American Viticultural Area Valuations Offer Potential Tax Savings for Wineries

Harnessing Data for Tasting Rooms

Direct-to-consumer sales continually grow in importance for small wineries in the face of distributor consolidation.

Maximizing Profit Through Wine Pricing

Most small wineries fail to properly maximize profit when setting prices. In fact, most wineries evaluate and change their wine pricing too infrequently

The Importance of Product-Specific Costings

We have seen wineries set prices incorrectly (and not maximize profit), waste precious working capital on production on their less-profitable wines, and lose money on wines because they set marketing and programming budgets using a simple average cost, rather than a product-specific cost.

Wine Industry

The Property Insurance Marketplace for Wineries

Preparing Your Winery for Natural Disasters

Why Customer Retention is Imperative For a Winery

4 Benefits of Outsourced Accounting For Wineries

Planning for Price Changes

American Viticultural Area Valuations Offer Potential Tax Savings for Wineries

Harnessing Data for Tasting Rooms

Maximizing Profit Through Wine Pricing

The Importance of Product-Specific Costings

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Winery accounting that helps you grow.