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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.

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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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August 20, 2015

Undone by Rapid Growth

Many small entrepreneurs believe that if only their business could grow that then all their problems would be solved.  Like anything though, rapid growth comes with its own set of issues and can, believe it or not, actually be your undoing.

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July 30, 2015

Accounting For Food Waste

The idea of food waste – be it the carrot greens you’re throwing away or the perishable products that didn’t sell at the farmers’ markets – are big topics of conversation lately in the food world (see below for some of the articles that have recently been published on other sites about food waste both…

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July 28, 2015

Making Sure You Don’t Run Out Of (Cash) Runway

Sadly, ’tis the season.  The season for businesses that started full of enthusiasm and vigor in the Spring to be shutting their doors come mid-late Summer.  This happens every year but this year in particular seems bad and, sadly, it always comes down to one of two main problems.

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July 14, 2015

Being Prepared With A BackUp Business Credit Card

A food entrepreneur I know well recently posted (on her personal Facebook page – not her business Facebook page) that her business credit card number had been stolen.  Worse than just having to deal with the changing of the credit card number and the hassle that involves – while also running every other part of…

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June 17, 2015

Goldman Sachs Looks To Make Loans To Small Businesses

News hit yesterday that Goldman Sachs, the massive investment bank that typically works with multi-million (and billion) dollar businesses, is positioning itself to make much smaller loans to small businesses and individuals.  Reported by The New York Times, Goldman Sachs is apparently hoping to launch this service as of early 2016.

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