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2014 promises to be the year of the recovery. This means two things. First, there is a lot of room for your company to grow. Second, you need to carefully orchestrate your growth to avoid the risk of running out of cash. This is especially true in the construction industry, where research has found that companies are 3x more likely to fail in a recovering economy than in an economic downturn.
Construction attorney and financial risk expert Scott Wolfe put together this presentation to help distributors, construction suppliers, and contractors navigate the new economy and achieve the growth they want with the cash flow they need.
How is this done?
Growth: Growth is achieved by being cautious about the perils of a recovering economy, and by credit departments empowering their sales departments with options to get new customers.
Cash: Cash is managed in the construction industry by building a predictable pipeline of cash. What enables companies to do this? The preliminary notice document.
Learn more in this presentation, which is great for CFOs, credit managers, and other financial professionals.