Thursday, January 21 | 1:00 - 2:00 PM
Location: North 254
Format: Building Knowledge Session
Level of Content: Intermediate
Appropriate for: Remodelers, Subcontractors & Specialty Trade Contractors, Single Family - All
Track(s): Business Management & Operations
Jeffrey Prager, Backroom Management Services LLC, Centennial, CO |
Scott Stroud, Builder Radio Media Network, Somerset, KY
What It’s About:
Profit is important, but cash flow is king. A business can survive, even grow for years, with minimal profits, but it cannot exist for a day without cash flow. The biggest struggle for most construction-related firms is maintaining consistent and predictable cash flow. In this session, you’ll be presented with a new, non-accounting way to look at business management based on managing cash flow and learn learn 50 ways to increase it so that your business will always have the cash it needs when you need it.
What You'll Learn:
Understand the "Profit Fallacy" – why profitable companies go “belly-up” every day and why cash flow is critical to fiscal health.
Learn how to measure, manage and predict cash flow throughout the sales cycle.
Know when, where and how to invest to maintain financial stability and still be able to take advantage of growth opportunities.
Examine 50 "do this now" strategies that will help you ensure consistent and predictable cash flow.
Continuing Education: NAHB - 1.00 CE hour(s), NKBA - 0.1 CEU(s)