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Senior Vice President
Vice President – Marketing
Director of Support and Services
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Thursday, September 21, 2017, 12:30 PM – 1:30 PM
The speed of cash: The magic number that will keep your clients in business
Speaker: Mike Milan
Sixty-five percent of businesses blame financial mismanagement for failure. The Small Business Administration says more than half a million businesses close each year – that’s 57 business closures every hour, around the clock. What’s more, companies can be profitable and yet be unable to pay their bills. What if we could be saving 300,000 business every year? Could it really be as easy as one magic number?
In this session we’ll look at:
- The fundamental failures in financial mismanagement – why they happen and how a smart accounting pro can spot them coming and avoid catastrophe
- The working capital cycle – avoid the trappings of accrual accounting
- Increasing the speed of cash – what levers can a business owner pull to move cash through the business faster?
- Using the magic number to keep your clients in business – without magical thinking
- An innovative tool that keeps an eye on cash flow so you and your clients avoid surprises, seize opportunity