Mastering Cash Flow Dynamics in Construction (Webinar)
BC Housing: 1 CPD Points
Description
Struggling with cash flow challenges in your construction business? Looking for practical strategies to keep your finances on track?
Join us for an insightful webinar where we'll dive into the essentials of managing cash flow in the construction industry. Learn how to navigate common pitfalls, differentiate net income from cash balance, and implement effective techniques to ensure financial stability.
Here’s what to expect:
- Welcome/Introduction
- Introduction to Cash Flow
- Overview of the Importance of Cash Flow Management in Construction Businesses
- Understanding Cash Flow Fundamentals
- Defining Cash Flow and Its Significance
- Explaining the Relationship between Cash Flow and Business Operations
- Differentiating Net Income and Cash Balance
- Clarifying the Distinction between Net Income and Cash Balance
- Highlighting the Importance of Monitoring Both Metrics
- Common Pitfalls in Cash Flow Management in Construction
- Identifying Typical Challenges Faced by Construction Businesses
- Discussing Potential Pitfalls and Their Impact on Cash Flow
- Effective Strategies for Managing Cash Flow
- Offering Practical Tips and Techniques
- Exploring Proactive Approaches to Cash Flow Management
- Discussing Tools and Resources Available for Improving Cash Flow
- Q&A Session
Whether you're a seasoned contractor or just starting out in the industry, this webinar is a must-attend! Reserve your spot now and empower your construction business for success.
Disclaimer: The content of this presentation is for informational purposes only and should not be construed as financial advice.
Delivery Method: Virtual Session – Zoom Webinar
Course Fee Includes: Access to the course, course materials, and upon completion a digital certificate if requested.
Prerequisites
There are no prerequisites for this course.
Who Should Attend
This webinar is ideal for anyone involved in the construction industry, including:
- Construction business owners
- Project managers
- Construction managers
- Contractors
- Subcontractors
- Accountants or financial professionals working in construction
- Small business owners in construction
- Anyone interested in improving cash flow management in construction industry
Technical Requirements
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Computer or laptop
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This course will involve on-screen interaction with your instructor and classmates, reading/viewing on-screen content (slides or videos), and interacting via typing with questions or responses. For this reason, cellphones may not be adequate.
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Windows 10 or Mac iOS
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Internet connection - For best results, you will want to ensure you have an internet connection with an upload/download speed of 3-5 Mbps. You can test your internet speed here. Minimum recommended speed is 1.5 Mbps, but anything below 3 Mbps may result in loss of quality or buffering. Ideally hardwired connection versus wireless for stability - connect your computer directly to your router using an ethernet cable, rather than using your home wi-fi.
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A quiet space with minimal distractions - microphone will be engaged for interactive sessions. Please plan to be fully engaged in the class and clear your work schedule just as you would for the in-class program.
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Comfortable chair