What to See at CBC 2018: Seminars and Suppliers to Reduce Your Brewery's Risk
An article published on April 17, 2018 on CraftBrewingBusiness.com entitled "What to See at CBC 2018: Seminars and Suppliers to Reduce Your Brewery's Risk" discusses seminars scheduled for the 2018 Craft Brewers Conference & BrewEXPO America that brewers should attend. The first recommendation in the article suggests that conference goers should attend the seminar "From 1 Barrel to 1,000: Managing Risk from Start-Up to Rapid Growth,' presented in part by Verrill Dana attorney Jonathan Dunitz. The seminar, also featuring Brad Weller of Macpage; James Sanborn of GHM Insurance; and Daniel Kleban of Maine Beer Company, is intended to inform attendees of:
- The importance of building your team both with qualified employees and outside support services; attorney, accountant, insurance/risk management.
- The risks involved with not doing it right the first time; bad lease agreements, distribution contracts, not setting up your accounting correctly, not understanding your insurance coverage.
- The importance of a well-developed business plan with regular updates based on growth — don't write it for the bank and forget it once you open — with timely and accurate financial reporting to allow the brewery to make informed decisions on when and where adjustments to the business plan are necessary.
Jonathan Dunitz is co-chair of Verrill Dana's Breweries, Wineries & Distilleries practice group, and is a regular speaker on risk management in the craft beverage industry.