ACG NJ Virtual Member Forum Meeting, July 23, 2020

This webinar will show you how to manage cash flow and make data-driven decisions to mitigate   organizational risks. Regardless of the industry you are in, changes will have to be made- you will have to adapt your current business operations to keep up with today’s environment.  Here’s a two-minute preview clip on the 5 steps of the webinar. In today’s environment, new developments are coming out every day. Steve will pivot and cater his message to make sure it is up to date:

1.     Get the Right Mindset

a.     We see 3 Scenarios: Survival, Restructure, Strengthen

b.     Break even analysis made simple

c.     Top 5 Budget tools 

2.     Be Vigilant about Cash Flow 

a.     13-week Cash Flow Forecast Excel Template (new)

b.     How to track costs covered by PPP, EIDL or CARES

c.     Best Practices in Collections, Billing & Payment

3.     Cut "Below the Line" Costs now

a.     Cut Below the Line first

b.     Turning overhead from a fixed cost into a variable cost

4.     Review "Above the Line" People

a.     Why Above the Line Cuts are last

b.     Making data-driven decisions about who to cut 

5.     Play Offense 

a.     Sharpen the saw

b.     Automate - Improve efficiency