open book management

Coming clean. Opening up. Seeing right through. Today, we’re talking all things transparent in the food world. From restaurateurs shaking things up with radical financial disclosure, to an enchanting clear dessert, our stories today explore the many meanings of transparency. What can we learn when we’ve got nothing to hide?

Further Reading and Listening:

You can learn more about Irene Li’s latest venture, Prepshift, which aims to improve transparency around restaurant hiring, training, and regulatory compliance here! You can also find more information there about bringing open book management to restaurants. And there’s always Mei Mei Dumplings.

Listen to What Doesn’t Kill You episode 194: What Is Really In That Packaging? Mike Schade Reviews the State of Food Packaging and How It Affects Our Health and the Environment.

Find out how your favorite retailers rank on the toxic chemical Report Card on the Safer Chemicals Happy Families Website. 

To learn more about raindrop cakes and their history here  or here …or  here or here!

Keep Meat and Three on the air: become an HRN Member today! Go to heritageradionetwork.org/donate. 

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Today we talk about open book management with Larry Chase.  Larry served for eight years on the brewer's association board of directors on the finance committee and as treasurer.
 
Larry's passion is to show brewery managers and employees how their role impacts the financial success of the business. 

Key Topics

• How to build a culture of ownership
• Keys to high involvement planning
• Tactics to create consistent financial results in your business
• Larry's favorite industry publications

Resources

• Connect with Larry Chase
• Learn more about the Brewery Open Book Management Course
• Sign up for the brewery financial training newsletter

Today we'll talk about one of my favorite topics: Open Book Management (OBM).

OBM is a system to share financial information with everyone in the brewery. It's about open, honest and transparent communication. And it's a great way to engage and empower employees.

Topics Covered

• What open book is...and What it isn't...
• Why you might consider OBM 
• How to evaluate if it's right for your business
• Steps to put OBM into practice
• My 3 Favorite OBM books...

Resources

• Brewery Open Book Management Course
• Sign Up for the FREE and World Famous Craft Brewery Financial Training Newsletter

In this podcast we’ll review tips, tactics and strategies to help you build a profitable sales plan. The goal is to create a plan with actionable steps to achieve your sales goals. 

Key Topics Covered in the Podcast:

• Sales planning fundamentals: Team, timing, and tools to use
• Open book management sales planning techniques
• How to align the sales plan with the business plan
• One page checklists and models to create your sales

Resources

• Check out the book: Beer Business Finance: A Handbook for the Next Generation
• Learn more about Beer Business Finance training for your wholesaler business

Listen to the podcast and learn how to build a profitable sales plan for your beer business.

Sign up for the Free and World Famous Beer Business Finance Newsletter

Open book management is a system to communicate the numbers of your brewery business and engage employees to improve financial results. In today's podcast, we talk about Open Book Management (OBM) with Audra Gaiziunas from Brewed for Her Ledger.

In the podcast, Audra and I cover a wide range of topics including: The major benefits of OBM, mistakes to avoid, sharing financial information, key metrics, critical numbers, and much more.

There are many details involved in an Open Book Management system, but Audra and I agree that these are the keys to success...

3 Keys to OBM Success

1. Financial literacy training
2. Bonus program
3. Financial reporting and forecasting

Resources

• Get in touch with Audra - Accounting, Finance, Operations Strategy For The Beer Industry​. Hel​ping You Understand The Numbers Behind The Beer.
• Check out the Brewery Open Book Management Online Course

Sign Up for the Free and World-Famous Craft Brewery Financial Training Newsletter

From a tiny deli with two employees to 14 businesses that generate $60 million in annual revenue, Ari Weinzweig unfolds how his eccentric business practices have transformed his small restaurant known as Zingerman’s Deli into a nationally renowned food enterprise. Ari shares with us his personal stories and principles that have turned a $20,000 loan from the bank and limited experience in the food industry into a masterful culinary ecosystem with over 750 employees and a community of unique businesses.