FEB 8-10, 2022

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Cash Cow: Demystify Your Financials, Improve Cash Flow & Build More Profits Into Every Job

Friday, February 12 | 1:30 - 2:15 PM EST

SESSION TYPE: Building Knowledge session: Semi-Live More Info

VIRTUAL FORMAT: On-Demand More Info

LEVEL OF CONTENT: Advanced More Info

WHO SHOULD ATTEND: Single Family Builders - All Types, Remodelers, Commercial Builders

TRACK: Business Management

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Many construction business owners don't fully understand their financial reports; Instead, they rely on a CPA to tell them if they made any money. The problem is that CPAs and builders often speak two different languages. Your accountant talks about Generally Accepted Accounting Principles (GAAP) while you talk cash and what’s in your bank account. These two things are not the same, and it's destroying your profits. In this advanced session, learn how to build profit into every job, set profits aside through a custom cash management strategy and change the way you do business to make your money work. By gaining a better understanding of your financial reports, you can increase profits, make accurate tax payments, eliminate debt and streamline your business.

  • Learn how to understand and evaluate your income statement (profit and loss, or P&L) to determine markup and margin without the help of a CPA.
  • Develop a cash management system that will increase profits and eliminate waste.
  • Learn how to leverage Parkinson's Law, and other behaviors, backed by neuroscience, to establish best practices for operating your construction businesses.

Open to all registered IBSx attendees. Click on "Get Video" and use your confirmation ID and Last Name to view the replay.

Continuing Education

NAHB - 0.75 CE hour(s), NKBA - 0.075 CEU(s)

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  • 1201 15th St NW
    Washington, DC 20005

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