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Fresh from the Knowledge Pantry

Creating a successful food business takes more than just good recipes.  In addition to making a great product, you also have to build a strong brand, engage with your customers, and grow sales.   Learn more about the different components of small food business ownership.

Knowledge Pantry

Funding & Financials:

April 18, 2016

Raising Capital Without Selling Your Soul (PODCAST)

Many of us start our small businesses with a broader mission or vision for what we’re hoping to achieve beyond just dollars and cents.    In today’s podcast, we talk with sustainable small business expert and author Elizabeth U about how mission driven businesses can raise the capital they need in an environment that seemingly…

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April 13, 2016

Why I Love Doing My Own Bookkeeping

With tax day here in the US rapidly approaching, I spent last Friday making sure my first quarter business books were in order before sending the file to my accountant.  Believe it or not, it’s actually one of the tasks I most enjoy as a small business owner.  Before you look at me like I have…

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April 4, 2016

Alternative Methods of Crowdsourcing Capital (PODCAST)

When small businesses hear ‘crowdfunding’ they typically think of donation based sites like Kickstarter and IndieGoGo, amongst others.  While ‘donation-based’ crowdfunding is an option for entrepreneurs, it’s not the only option available.  In today’s podcast we look at crowdfunded loans and how that can be another avenue for food entrepreneurs to raise capital for their businesses….

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March 21, 2016

Crowdfunding & Your Food Business (Podcast)

For many entrepreneurs, crowd funding seems like a great way to raise low-cost capital for their business.  While it is, without a doubt, a powerful option for small businesses, as Kathleen Minogue of Crowdfund Better explains, it takes more than putting a video and some rewards online to be successful. http://media.blubrry.com/smallfoodbiz/p/content.blubrry.com/smallfoodbiz/KathleenMinogue_Podcast.m4aPodcast: Play in new window…

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February 16, 2016

What’s Your Burn Rate?

Do you know what your company’s burn rate is?  And no, I don’t mean how many times your bare skin comes in contact with hot pots and pans.  In this case, we’re talking about how quickly your business is going through, and not replenishing, cash.  As you can imagine, that’s equally as painful as burns…

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January 21, 2016

What Margins Do You Use For Intra-Company Sales?

I received a great question the other day asking about intra-company margins. The entrepreneur wanted to know what margins should be used if the company was selling product retail, wholesale, but then also using that product in another ingredient or, in this case, ‘selling’ it to the catering arm of their business.

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