FINANCIAL FORTITUDE: BUILDING A STRONGER BUSINESS

THE FOUR CORNERSTONES OF BUSINESS FINANCIAL SUCCESS AND HOW TO LEVERAGE THEM

Register today!

This class qualifies for eight hours Day & Night Elite Dealer credit.

1. Revenue generation

• How pricing plays a key role in this cornerstone
• How much revenue do you need to generate
• Training plans and tactics
• Training enhancers
  • Goal Boards
  • Contests

2. Cost control

•  Becoming operational excellent
  • Tracking numbers
    • Which numbers
    •  What is the frequency of each
  • Software
    • Set up
    • Workflows
  • Team member cost controls
  • Vendor management
    • How to integrate vendors
    • What vendors can do for you
  • Budgets
    • What are the benefits
    • How do they play an important role in the business
    • How to make them come to life

3. Cash flow

• Collection process
  • What positions are involved
  • How this impacts positive cashflow
• Accounts receivable
  • 2 things that kill cash flow
    • Sales
    • Expenses
  • Credit management
  • Debt management
• Pay high interest first
• Low interest last (free money – based on money market)

4. Financial planning & analysis

• Investing in growth
  • Marketing
  • Technology
  • Training
• KPI’s
  • 2 types of numbers
• Financial documents
  • The process of reviewing each of them

Register today!