50 Ways to Increase Cash Flow: A “7 Numbers” Approach to Managing Your Business & Bottom Line

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

Speaker(s): 
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)