Absolute Numbers

As a business owner, you've probably heard the terms big data and data analytics thrown around. But if you're a small business owner, don’t dismiss these as just buzzwords! No matter your business size, the right data can be a game-changer. You might think you’re too small to benefit from this level of analysis, but even small businesses can harness data insights to drive growth, understand customer behaviors, and optimize operations. In our article, Small Business + Big Data: A Winning Equation, we break down how data analytics can power your business growth in ways that truly fit your scale and goals. ?? Click the link in the comments to read now and see how data can work for you! #SmallBusinessTips #DataAnalytics #BusinessGrowth

For many small businesses, keeping up with daily financial operations—like bookkeeping, payroll, and expenses—already feels like a full-time job. But what about the big picture? Strategic financial planning, cash flow management, and budgeting are essential for growth, yet often get pushed to the sidelines. That’s where a controller comes in. But do you really need one? Unlike a bookkeeper, a controller takes a deeper dive into your financial data, identifying trends, preparing forecasts, and offering insights to guide business decisions. A controller helps: ?Analyze financial data to support strategic planning ?Ensure compliance with financial regulations ?Oversee and streamline financial reporting processes ?Pinpoint inefficiencies to improve cash flow In short, a controller helps you make informed financial decisions—the ones that lead to growth and stability. ?? Here’s the good news: You don’t have to be a large company to benefit from a controller’s expertise. Partnering with a firm like Absolute Numbers gives you access to professional controller services at a fraction of the cost of a full-time hire. It’s a flexible solution designed to fit small business budgets and goals. Curious if controller services are right for you? Let's connect and explore how Absolute Numbers can support your business goals with strategic financial insights. #SmallBusiness #ControllerServices #BusinessGrowth

Craft beverage businesses face unique challenges with ongoing supply chain disruptions. From increased costs to inventory shortages, these disruptions affect every stage of the business and can significantly impact profitability. In our latest blog, 'Navigating Supply Chain Disruptions in the Craft Beverage Industry,' we explore actionable strategies to help you stay ahead, reduce operational risks, and manage supply chain challenges effectively. Get the link in the comment below!

With more coffee lovers buying online, e-commerce has become a powerful way for craft coffee businesses to grow and reach new customers. But navigating the e-commerce world effectively requires a strong strategy that balances customer experience, compliance, and financial health. Here are some key tips to keep your business brewing smoothly in the online space: 1. Optimize Your Website Experience Create a seamless, mobile-friendly shopping experience. From user-friendly navigation to clear product descriptions and an efficient checkout, a well-designed site encourages repeat customers and builds loyalty. 2. Build a Clear Fulfillment Strategy Develop a reliable system for processing, packing, and shipping orders. Consider partnerships with shipping providers or warehouse solutions to reduce costs and ensure faster delivery, as timely shipping can impact customer satisfaction and repeat sales. 3. Manage E-Commerce Taxes Proactively With each state handling e-commerce taxes differently, staying compliant is essential. Keep track of where you need to collect sales tax, especially as your business scales, and ensure you’re filing correctly. 4. Leverage Customer Data for Growth Use data analytics to understand purchase patterns, preferences, and feedback. This insight can guide inventory planning, marketing strategies, and new product development, making your offerings more in tune with customer demands. 5. Monitor Cash Flow Regularly With fluctuating ingredient costs and seasonal demand changes, keeping an eye on your cash flow is essential. Regularly review cash flow projections, focusing on inventory and overhead costs to ensure your business remains sustainable. Selling direct-to-consumer online offers a valuable way to grow and adapt to changing consumer habits, but it requires planning and management. If you’re looking to streamline your DTC sales while keeping your financial health in check, we’re here to help! #CraftCoffee #ECommerceTips #DTCStrategy

In today’s fast-paced world, technology is transforming every part of our lives—including the art of crafting exceptional coffee. From automation to advanced quality control systems, modern solutions are helping coffee roasters streamline operations, enhance the consistency of their brews, and maximize overall efficiency. But is your coffee business keeping pace with these changes? In our latest blog entry, "How Technology is Revolutionizing Craft Coffee Production," we explore the tech innovations making the biggest impact. ?? Link in the comment! Stay ahead of the curve and discover how these advancements can elevate your production and help you maintain that competitive edge. If you’re ready to embrace the future of coffee, start with a read—and let’s chat about how we can support your journey. #CraftCoffee #CoffeeRoasters #SmallBusinessGrowth

In a family-owned brewery or distillery, your legacy is more than just a business—it's a tradition, a history, and a vision that you’ve nurtured over the years. But when the time comes to pass the reins to the next generation, having a solid succession plan in place can make all the difference between a seamless transition and a bumpy road. Here are a few key steps to ensure your business thrives for years to come: ? Start Early: Succession planning isn’t a last-minute decision—it’s a long-term strategy. Begin preparing years in advance to ensure you have the right plans in place and enough time to train the next leader. ? Define Roles & Expectations: Set clear roles and responsibilities for family members involved in the business to avoid confusion and conflict during the transition. ? Financial Planning: Evaluate the financial impact of transitioning ownership, including taxes, estate planning, and buy-out options if needed. This ensures the business remains financially stable throughout the process. ? Get Professional Guidance: Bringing in an experienced advisor can provide an outside perspective, helping you navigate the complexities of family dynamics, business valuation, and legal considerations. A well-crafted succession plan can be the difference between preserving your family’s legacy and facing unexpected challenges. Want to ensure a smooth transition for your family-owned business? Our team is here to help you navigate every step of the process, from financial planning to strategic guidance. #FamilyBusiness #CraftBeverage #CraftDistilling

At the beginning of the year The Corporate Transparency Act (CTA), new law that requires certain companies formed or operating in the United States to report information about their beneficial owners to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), was passed. In a recent article by the Brewer's Association we have received new updates on what that could mean for you and your business. ?? Link In Comment Still have questions about how the CTA could impact your business? Feel free to reach out—we're here to help!

Cash flow can be unpredictable in the craft beverage industry. With seasonal demand shifts and fluctuating ingredient costs, it's crucial to keep a close eye on your finances to maintain a steady flow throughout the year. Here are some key strategies to help you manage cash flow effectively: ?? Plan for Seasonality: Adjust your cash flow projections to account for slow and peak seasons. Anticipating changes in demand ensures you have enough reserves to get through the lean months and can make the most of peak periods. ?? Negotiate Supplier Terms: Fluctuating ingredient costs can eat into your margins. Consider negotiating longer payment terms with suppliers or locking in bulk pricing for critical ingredients to better manage expenses. ?? Track Inventory Closely: Maintaining an optimal inventory is key to reducing waste and tying up cash unnecessarily. Regularly review your stock levels to ensure you're not over or understocked. ?? Focus on Cash Flow Forecasting: Use cash flow forecasts to predict potential shortfalls and identify when you might need to adjust spending or seek additional financing. Forecasting helps you stay proactive rather than reactive to financial challenges. Maintaining a healthy cash flow is critical to sustaining your craft beverage business, especially with the ups and downs of seasonal demand and ingredient price changes. Want more tailored advice for your cash flow strategy? Our team is here to guide you every step of the way. Let’s keep your business brewing smoothly! #CashFlowManagement #CraftBeverage #BusinessTips

Believe it or not, 2025 is just around the corner! If you've been thinking about starting a new business, now is the time to start preparing. Need some guidance? Our Resources Library article, 'How to Launch Your Dream Business in 2025,' has everything you need to get started. ??: Link in Comment And if you're looking for an accounting management partner to help you every step of the way, you're in the right place. With over 20 years of experience working with small businesses from inception to expansion, we're here to help you start strong and stay on track. #BusinessLaunch #Entrepreneurship #StartupJourney #BusinessPlanning

In a competitive industry like coffee, managing costs while maintaining quality is essential for long-term success. But cutting corners doesn’t mean cutting quality. Here are some practical ways to reduce overhead without compromising your product: Optimize Ingredient Sourcing – Consider purchasing in bulk to reduce costs and building relationships with suppliers to get the best deals. Sustainable Packaging Solutions – Eco-friendly packaging often means long-term savings. Look for sustainable options that also enhance your brand image. Streamline Logistics – Evaluate your distribution and shipping methods and consider if there are more efficient routes or partnerships that can cut costs. Modernized Roaster - Older gas powered roasters are much less efficient, especially on your wallet with the rise of natural gas prices. A higher coast investment now can lead to savings down the line. By focusing on these areas, you can create a leaner, more efficient operation that protects your margins while delivering exceptional quality. Need guidance on finding the right balance between cost and quality? Our team can help you build a strategy that works for your coffee business’s bottom line. Reach out today! #CostManagement #CoffeeBusiness #OperationalEfficiency