| For an architecture, engineering, or environmental consulting business, cash is king. Do you want to start collecting your cash faster? Follow the process outlined in this 60-minute video and you can reduce your firm's average collection period by 10, 20, 30 days or more... guaranteed. Consider a firm with $12 million in annual revenues and an average collection period of 70 days (the industry average). This firm has $2.33 million tied up in accounts receivable. If you reduce this to 40 days (not impossible), you've raised a million dollars in cold, hard, cash. That's cash you can do anything you want with! Give somebody a raise. Invest in a new computer system. Or put it in the bank and earn some interest. Presenter Mark C. Zweig has served as principal in two ENR 500 firms, as a consultant to hundreds more - and as the president of his own successful organization. Get started now on collecting your money faster.
This new video on Maximizing Cash Flow has one objective - shorten your average collection period and raise the amount of cash available for your firm. Presenter Mark C. Zweig has served as principal and manager of two ENR 500 firms, as a consultant to hundreds more - and as the president of his own successful organization. Mark's own 50-person, 4-office consulting firm has an average collection period of less than 30 days. That's because Mark practices what he preaches! And he'll show you how it works in this jam-packed 60-minute crash-course video.
All it takes is one hour with your television to get started on collecting your money faster. First, Mark will explain the average collection period financial barometer, how it's calculated, what's normal, and what's a realistic goal to shoot for. Next, he'll expose the common problems that prevent firms from collecting their money faster. Then, he'll walk you step-by-step through his process for improving cash flow, including contracting and project initiation, billing, invoice formats, collection efforts, cash flow forecasting, and more. Every point is illustrated with real-life examples from the architecture, engineering, and environmental consulting professions.
When times are good, many firms forget about managing cash flow. Sitting on a pile of accounts receivable may even make you feel more secure. Don't believe it! That kind of thinking has gotten a lot of firms in deep trouble. Besides, no matter how good you're doing now, wouldn't it be crazy not to try to improve when you consider what you have to gain?
The best-managed A/E/P and environmental consulting firms have average collection periods in the low 50-day range - some even down to the high 40s or below. Here's our promise - If you watch this video and implement the system it teaches, your cash flow WILL improve within 90 days. Order the video and start taking control of your cash flow today!
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