Managing for Bottom Line Cash Flow, Part One
Yesterday I had the chance to speak at an event organized by J.D. Associates. The title of my talk was “Making More Money: Managing for Bottom-Line Cash Flow”, and from the retailers I spoke to after I spoke it was very well received.
I started with the following proposition:
In the world we now live in, financial health requires a commitment to proven retail business fundamentals, a commitment to operational discipline, and a heightened attention to detail.
When economic conditions were more favorable, it might have been possible to consistently generate positive cash flow without this commitment retail fundamentals, operational discipline and attention to detail. But regardless of sales volume, these are the things that drive exceptional cash flow. And as we’ve learned over the past couple of years, you can’t have too much cash, whatever the economic environment.
Over the next several days, I’ll be posting details of my talk.