Home Tags Applies To All Business Models

Applies To All Business Models

Great Food Entrepreneurs Are Always Learning

Great Food Entrepreneurs Are Always Learning

10 minute Free read by Edible-Alpha®

The best entrepreneurs are getting constant feedback from their customers, reaching out to potential mentors for advice and attending industry events and tradeshows to network with and learn from their peers and industry veterans. This learning can lead entrepreneurs to radically change directions in their business model, product or packaging.

Article about Operations for businesses that are Pre-Venture | Startups

Grocery Store Shelves Where Does My Food Brand Need To Be

Where Does My Food Brand Need To “Be”?

10 minute Free read by Edible-Alpha®

Sometimes the ideal distribution path looks different than the entrepreneur intended when they started the business. The brands that survive today's marketplace will be making decisions about distribution and channels of delivery with customer expectations and preferences at center stage.

Article about Sales and Marketing for businesses that are Growing and Scaling

Alignment

Shared Financial Management Builds Alignment For Food Businesses

10 minute Free read by Edible-Alpha®

Open book management is sharing the company's finances and key financial drivers openly with managers to increase their buy-in and understanding of the company's performance. By sharing company finances and expecting financial literacy of managers, open-book management allows multiple leaders to use the same language and work towards the same goal.

Article about Financial Management for businesses that are Pre-Venture | Startups

Financial Management For Food Businesses

Refining Your Processes and Building Great Financial Packages For Your Food Business

45 minutes of Free audio by Edible-Alpha®

The more you have the ability to analyze what went right or wrong, the more useful your financial model and plan are to making business decisions. Being able to have both an accurate history and a record of making realistic projections that were met can give entrepreneurs credibility with lenders, investors and the business' board of directors.

Podcast about Operations for businesses that are Pre-Venture | Startups | Growing and Scaling

Change

Taking Investment in Your Food Business Changes Your Business (And You)

10 minute Free read by Edible-Alpha®

Food entrepreneurs themselves often feel changed when taking outside investor capital. They feel the weight of the responsibility of paying back those investors with a return. They often work even harder than they were before because others are sharing the risk with them and are emotionally invested in their business as well.

Article about Raising Capital for businesses that are Growing and Scaling

Food Entrepreneurs Are Backed By Great Teams

Building The Right Financial Team For Your Food Business

10 minute Free read by Edible-Alpha®

Behind every great food entrepreneur is a great financial team, whether that team is employed by the business directly or through an outsourcing method. Building that team helps the entrepreneur, management and board make informed decisions and allows the business' key stakeholders to focus on growing their customer base and strengthening their brand.

Article about Operations for businesses that are Growing and Scaling

Wisconsin SBDC

Building Great Financial Systems For Your Food Business

45 minutes of Free audio by Edible-Alpha®

From the entrepreneur's perspective, the most important thing when using an accounting package is to ensure accurate setup and data entry so that they are able to produce accurate financial statements. While entrepreneurs need to understand their financial statements and financial drivers, they can often outsource some accounting work.

Podcast about Financial Management for businesses that are Pre-Venture | Startups

Legal Documents

List of Documentation For Approaching Lenders and Investors

Paid checklist by Edible-Alpha®

Much of the difficult part of raising money is putting together the requested documentation for lenders and investors. This includes everything from tax documents to sell sheets to simulated proforma financial statements with realistic assumptions about the company's growth.

Tool or Template about Raising Capital for businesses that are Growing and Scaling

LBW Wealth

How Much Is My Company Worth? Company Valuations With LBW Wealth Management

1 hour & 10 minutes of Free audio by Edible-Alpha®

Company valuations should be done based on a rational justification of the future growth rate and future earnings of the company, as well as the fundamentals of the business model. For example, whether the company is defensibly unique and how long its competitive advantage can be sustained are both key drivers of company value.

Podcast about Raising Capital for businesses that are Growing and Scaling

Goal Setting

Focused Prioritization Helps Good Food And Farm Businesses Reach Break-Even

10 minute Free read by Edible-Alpha®

Food entrepreneurs will always have lots of goals competing for their attention. Good entrepreneurs know how to prioritize goals and optimize their efforts for the goals they are pursuing as priorities. This allows them to build financially successful companies and, over time, pursue many more big, hairy, audacious goals than they would have otherwise.

Article about Operations for businesses that are Growing and Scaling

Connect With The Resources You Need