What It's About:
Are you back to 60+ hour work weeks and a backlog of new prospects, but still not seeing the profits you expect? The problem is likely your cash flow. Builders and remodelers have long been taught to focus on revenues and expenses, but in reality, cash is king if you want to grow and maximize profits. Consistent cash flow allows you to regularly invest in your business and rebuild infrastructure so that you are always in a position to bid on and get more profitable jobs. And it ensures you can survive in lean times or when business funding is limited. In this advanced session, you’ll hear examples and case studies of builders who went from chasing checks to consistently cashing more, and walk away with tools you can use to reveal existing problems, build your own cash flow model and generate consistent, predictable and sustainable cash flow to stay profitable in any market or economy.
What You'll Learn:
Learn to reposition business processes so that you use every dollar wisely and protect your cash flow.
Gain an understanding of the 7 key factors that drive cash flow in any business and how to use them to your advantage.
Explore strategies for planning short- and long-term cash flow and what to do if your cash flow isn’t what it should be.
Identify ways to generate consistent, predictable and sustainable cash flow.
How to Attend:
Participants must be registered for a full registration package or a 1-day education with expo pass package valid for the day of the session they wish to attend. Seating for Building Knowledge sessions will be on a first-come, first-served basis.
NAHB - 1.00 CE hour(s), NKBA - 0.1 CEU(s)