Cash Flow Management for Growth
Most new businesses never make it past start-up. Lack of start-up funding for working capital is the number one reason that new businesses fail. Now, with your success, your business is growing. Because of your success, you expected that you would not have the problem of a lack of cash; however, you are discovering that growth businesses face significant cash flow management problems. When there is not sufficient cash available, the entire business environment of a company changes.
With an understanding of cash flow management, you can manage the growth of your company and assure that you will have enough cash to support that growth and to allow your managers to focus on performing their jobs. These cash flow management problems can be solved and this course will show you how.
Cash Flow Management for Growth focuses on you, the entrepreneur and your understanding of the impact of cash flow on your company's growth.
Learning Objectives
- Understanding profit and cash are not the same
- Measuring and monitoring cash flow performance through financial ratios
- Being aware of the link between growth and the corresponding demands on cash
- Creating operating strategies and tactics for maximizing cash flow
Course Faculty
Ron Bernstein is associate director and CFO of the Beyster Institute. Mr. Bernstein has counseled hundreds of companies in all stages of development on structuring employee ownership programs. Through his leadership of the organization's conferences, seminars and consultations, Bernstein has gained a national reputation as an authority on employee ownership and associated human relations areas of participative management, improved workplace performance and incentive systems.
Prior to joining the organization, Bernstein worked for Science Applications International Corporation (SAIC) as a senior tax accountant and manager of SAIC's retirement programs. Bernstein holds a B.A. in accounting from Michigan State University and a master's in taxation from Golden State University.