Posts by Henry

Why Your Winery Chart of Accounts Is Important

Posted by on Sep 24, 2018 in Accounting, Wine Business | 0 comments

Why Your Winery Chart of Accounts Is Important

As a winery owner, you wonder why your chart of accounts is important. Wait, you don’t? Well, sometimes you do but you have many other demands on your time and energy, so you may not. When an accountant says “chart of accounts” most people quickly lose interest. That’s understandable. So why, you may ask, should winery owners think about their winery’s chart of accounts? What Is a Chart of Accounts? First, let’s get an understanding of what we mean by “chart of accounts.” Accounting Coach defines a chart of accounts as “a listing of the accounts available in the accounting system in which to record entries.” That seems simple enough. You need to...

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Family – From Eight Weeks to Eight Decades

Posted by on Sep 17, 2018 in Family Business, Personal Freedom | 1 comment

We celebrated my father’s 80th birthday last weekend with family and friends at the gorgeous Bluefield Inn. All three of his sons were there as were his daughter in-laws and five grandchildren. Tears of joy were shed when we met the newest additions to our family, his beautiful twin great-granddaughters, my great-nieces. The twins are only eight weeks old. There was a striking comparison of a life well lived for eight decades with the promise of lives that lay ahead. Basking in the love that swirled in the air, the celebration reminded me of my passion for family. Not only biological family, but the people that drift in and out of our lives as we journey through the...

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“To Be, or Not To Be” – (The Great Entity Question)

Posted by on Jan 12, 2018 in Accounting, Financial Freedom | 0 comments

“To Be, or Not To Be” – (The Great Entity Question)

Which entity should you choose for your business? Corporation                    Yes             No               Maybe Partnership                     Yes             No               Maybe LLC                                   Yes             No               Maybe All of the above              Yes             No               Maybe If you are a business owner looking for the answer to this entity question, read on. This question often comes up while working with business owners who are...

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Freedom and the Black Pearl – Bring Me That Horizon!

Posted by on Jul 5, 2017 in Freedom, Personal Freedom | 0 comments

Freedom and the Black Pearl – Bring Me That Horizon!

Over the Independence Day weekend, a celebration of freedom, our family re-watched the first Pirates of the Caribbean movie The Curse of the Black Pearl. Somehow, I forgot that the theme of the movie was freedom and how that touched me in a personal way. This theme of freedom, along with the journey of adventure, discovery and courage is a big factor in the movie’s popularity with viewers. At one point, when they are marooned alone on a small island, Captain Jack Sparrow explains to Elizabeth Swann, “Wherever we want to go, we’ll go. That’s what a ship is, you know. It’s not just a keel and a hull and a deck and sails, that’s what...

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Take your winery to the next level – 2015 Wine Tourism Conference

Posted by on Jul 31, 2015 in Wine Business | 0 comments

Take your winery to the next level – 2015 Wine Tourism Conference

If you’re running your own winery, or thinking of starting one, we have some news that may help kick-start a new opportunity for your business. The 2015 Wine Tourism Conference is being held in northern Virginia on November 18-20! This conference will offer you  a full three days learning a whole lot more about the business side of running a successful wine tourism venture. If you’re serious about realizing the full potential of your winery, looking at the potential for diversifying into wine tourism really is a no-brainer. As a fast-growing area of the wine industry, it’s a sector that’s just ripe for the picking! Wine tourism is an expanding...

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