Riverhead Building Supply Trade Show -The Inn at East Wind - Wading River, NY

Session 1:
Show Me Where The Money Went!

Wednesday, March 10, 2010

The Inn at East Wind, Wading River, NY

West Hampton Room 9:00 to 10:30 am

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Is your checkbook balance often lower than you expected? 

Nine of every ten high quality remodeling businesses with raving fans for clients fail within the first five years. The number one reason contracting businesses fail is due to a lack of available money when they needed it, even if they are operating profitably.  So what do those who want to succeed need to know?  Come to this session and understand why (even though you earned a profit), there may be no money in the bank. These money tips will help you better manage money and help you succeed in the future.

Learning objectives: By completing this class you will be able to:

  • Know the difference between cash and accrual accounting and which one to use for your business.
  • Understand and use a variety of options for better managing cash flow
  • Write payment schedules to improve collections and avoid being under billed with your clients.