JAN 31-FEB 2, 2023

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The Profit Habit: A Simple System to Keep Cash Flowing & Guarantee Profits

Thursday, February 10 | 9:15 - 10:15 AM EST

SPEAKERS:  Shawn Van Dyke



SESSION TYPE: Building Knowledge Session More Info

TRACK: Business Management

FORMAT: On-Demand More Info

LEVEL OF CONTENT: Intermediate More Info

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

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What It's About

Your CPA sends a tax bill and says you made a profit, but there’s no money in your bank account. You’re incredibly busy and can’t keep up with customer demand, but cash is always tight. If this describes you, then you are 100% normal. Many construction business owners don’t fully understand traditional financial reports, so they instead make business decisions based on their bank account balance. In this session, learn about “The Profit Habit” cash management system and how to create a straightforward, yet effective cash flow strategy using five simple bank accounts prioritized for your construction business. Guarantee profits, fund your tax liabilities, eliminate debt and streamline your production -- and the best part, it doesn’t require perfect books or a CPA!

What You’ll Learn

  • Learn the 4-5-3 Profit Habit framework, a simple system to guarantee profits for the business.
  • Develop a cash management system using five priority bank accounts.
  • Create a debt elimination plan for your business, and learn to generate cash for future purchases and expenses.
  • Learn how to leverage Parkinson's Law and other behaviors, backed by neuroscience, to establish best practices for operating your construction business.

How to Attend

Participants must be registered for an All Access Pass or 1-Day Education + Expo Pass for the day of the session. Seating for Building Knowledge sessions will be on a first-come, first-served basis.

Continuing Education

NAHB - 1.00 CE hour(s), NKBA - 0.100 CEU(s)

Sponsored By:

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  • 1201 15th St NW
    Washington, DC 20005

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