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Thriving in Troubled Times
- 1. Thriving in TroubledTimes Martin Fox, CPA, CVA
- 2. Overview Things have changed Not all will survive Financial and business fundamentals will greatly improve odds Tools to help Hands-on activities
- 3. Be Cautious Think long and hard Lenders less willing to loan money Customers less willing to spend
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- 7. Break-even Analysis Why is it important? Used to answer questions such as: – How much do I need to sell to break even? – How far can sales drop before I lose money? – If my costs change, how much do I have to increase sales?
- 8. Breakeven Analysis Breakevenanalysis Breakeven + profit analysis Consider changes in activity and fixed costs Case study
- 9. Breakeven Case Study Sales $2,000,000 Variable expenses $1,500,000 Fixed expenses $600,000 Desired profit $100,000
- 10. What’s the Effectof Raising or Lowering Prices? Price Decreases Price Increases What if our sample business changed prices by 10%?
- 11. Monitor and manage yourcash flow
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- 19. Rein in plannedinvestments and sell assets Rein in planned investments and sell assets
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- 21. Seize Opportunities Invest for the future Pursue acquisition opportunities
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- 23. Tools Breakeven Analysis Pricing Tables How to Improve Profit Four Ways to Grow Your Business
- 24. Contact information Martin Fox,CPA, CVA 200 W. Roseburg Ave. Modesto, CA 95350 (209) 527-4220 mfox@gccpas.net