10:15 a.m., Tuesday, Nov. 8
Managing Cash Flow, with John Spader
The recession has taught us a great deal about managing our finances. This session will give you a detailed look at how to manage cash flow, focusing on the most common issues and mistakes dealers make. It will explore the difference between profitability and cash flow and why net profits don’t always mean cash; how to identify and forecast cash needs; how to monitor your true cash position; how high profits and/or sales growth can camouflage cash flow issues; the key reasons most dealerships have poor cash flow; and the components of a good cash flow plan.