TU07 - Cash Cow: How to Guarantee Profits for Your Business and Manage Your Cash at the Same Time

Tuesday, October 9 from 10:30 AM to 12:00 PM « Back

Generally Accepted Accounting Principles (GAAP) makes logical sense. However, it does not make “human sense.” For construction businesses, this translates to more sales driving the top line revenue.  When all of your efforts are on the top of the P&L, you do not control what drips down to the bottom line.  In this session, construction business owners will learn how to build profit into every job, set the profits aside through a custom cash management strategy, and change the way you perform business to cause the rest of the money to work.  This system can be used to guarantee profits, make accurate tax payments, eliminate debt, and streamline your construction business.

Learning Objectives:
1. Learn how to understand and evaluate their Income Statements (P&L) to determine their markup and margin.
2. Learn how to set up a cash management system that will guarantee profits and eliminate waste.
3. Learn how to eliminate debt in their businesses and generate cash for future purchases and expenses.
4. Learn how to build profit into every job and ensure that profit remains in the business.

Credits: 0

Education Tracks: Business

Event Type: Conference Mini Workshops > Session