Episode 115 :: 3 (more) Things Food Founders Should Never Do: Listening to Bad Advice, Data-Sync Chaos, and COGS Miscalculations
A Good Food CFO Series(Video + closed caption available on YouTube)It often seems like there are more people offering business advice than those actually running businesses!
As a Food Founder, it can be overwhelming to sift through all that guidance and find what truly works for YOUR business.
In this episode, Sarah shares another set of crucial "Never Do's" for Good Food founders and business owners. This list aims to help you avoid common pitfalls perpetuated by traditional business media and make informed decisions tailored to the unique needs of your food business.
You'll hear:
The importance of thinking critically about any advice you get to determine if it truly makes sense for your food business
How two-way sync between QuickBooks and bill pay systems can create chaos in your financial reports
Why you should never include overhead costs (like rent) in the calculation of cost of goods sold (COGS)
What you should be including in COGs, and how to differentiate
And more!
From our news segment:
Kroger-Albertsons Deal is Haunted by "Spectacular" Past Failure
Kroger-Albertsons Deal Would Remake Seattle Area Grocery Map
Albertsons COO to Lead C&S Retail
Kroger-Albertsons Companies Announce an Updated Divestiture Plan
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