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In Edible-Alpha® podcast #65, Tera interviews Heidi Huntington, vice president of finance at AVL Growth Partners in Boulder, Colorado, which lends finance and operations expertise to rapidly growing small and midsize companies.
In this crazy new world we’re living in, small businesses nationwide are torn on how to proceed, especially those suffering significant sales losses due to the COVID-19 crisis.
The huddles this week focused on how the current situation for food and farm businesses is going to go on for a while and coming out of it will be very slow.
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In Edible-Alpha® podcast #63, Tera and consultant Bartlett Durand discuss the difficult financial realities facing so many food entrepreneurs right now, as the entire nation grapples with the COVID-19 crisis.
This on-demand course features FFI Director, Tera Johnson, walking you through how to use FFI’s 13-week cash flow template.
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In Edible-Alpha® podcast #62, Tera talks with Ted LeBow, cofounder and managing principle of Kitchen Table Consultants, about how small food and farm businesses can stay afloat through the current COVID-19 crisis.
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The heart of Kitchen Table Consultants’ work is one-on-one coaching with food and farm clients, but as their work has grown they have started helping other organizations provide better technical assistance. Rather than just make plans or recommendations for clients, it is critically important to their firm’s mission and values that they “roll up their sleeves” alongside the clients to help them implement their recommendations.
The reason to pay attention to cash flow is that when cash goes away from you it really starts to hurt in ways that maybe you didn’t anticipate. Brands must always have realistic forecasts for sales, revenue and growth.
These helpful templates help you build your financial projections, including, your sales and distribution forecast; cost of goods sold (COGS) and other expenses forecasts; capital expenditures forecasts; and your accounts receivable (AR), accounts payable (AP) and inventory forecasts. These projections can help inform your proforma financial statements.
The founders of Stonyfield were running a nonprofit organic farming school on a small New Hampshire farm when they began what became Stoneyfield farms. After starting with seven cows, now Stoneyfield sells hundreds of millions of dollars per year in dairy and other products in supermarkets, natural food stores and colleges across the country.