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Why Does Cash Flow Matter?

Executives Club of New Jersey

Wednesday, June 6, 2018 from 6:00 PM to 9:00 PM (EDT)

Why Does Cash Flow Matter?

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Ticket Type Sales End Price Fee Quantity
Registration Jun 6, 2018 $15.00 $0.00

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Event Details

Join us for an evening of networking with fellow business owners and an educational workshop. The Executive Club of New Jersey is an established business-owners networking group in Morris County. Our members are high-quality, successful business owners who attend our events to network and establish business relationships as well as educate each other on a variety of business topics.

UNDERSTAND THE CASH CYCLE AND IMPROVE CASH FLOW

DIO: Days Inventory Outstanding • The number of days on average that your company turns your inventory into sales. • The smaller this number, the better.

DPO: Days Payable Outstanding • The number of days it takes you to pay your accounts payable. • The higher this number, the longer you can hold onto cash, so a longer DPO is better.

DSO: Days Sales Outstanding • The number of days you’ll need to collect on the sales of that inventory after the sale has been made. • Again, the lower the number, the better.

The cash cycle is equal to the number of days it takes to sell your inventory (DIO), minus the days it takes you to pay your vendors (DPO), plus the days you need to collect on your invoices (DSO).

TAKE CONTROL OF YOUR CASH FLOW

You’ll be able to make strategic decisions, follow through on operational plans and most importantly, shorten your cash cycle.

  • Don’t wait for customers to pay their invoices. Instead, get paid now and outsource your collections to a reputable company.
  • Extend your purchase terms so you have more time to pay your suppliers.
  • Leverage the assets in your company, like inventory and equipment, to secure financing that a traditional bank couldn’t provide.
  • No terms? No problem. Access supplier terms where none previously existed. Reinvest cash back into your company without having to wait under traditional terms and timing that can hold you back from growing the business faster.

The cash cycle alone cannot be a complete indication of liquidity, and you’ll need to look at calculating other metrics like the current ratio and quick ratio to paint a complete picture.
Calculate all of these metrics and track the changes over time. By shortening your cash cycle, you’ll be able to deliver on new orders, and improve your operations timelines, pay staff on time and invest in new growth strategies.

Michael Dasappan owns and operates Liquid Capital Growth Funding, located in
Morristown, New Jersey, where he helps businesses obtain the working capital they need to grow. Michael’s passion is helping business owners be successful and grow their business. Internationally educated, Michael has a B. Com. in Accounting/Commerce, a B.S. in Business Administration and an M.A. in Strategic Communication and Leadership.

Having owned and operated several businesses, Michael understands the importance of working capital and cash flow, especially as a company grows. Michael has held a wide variety of positions such as Chief Executive Officer, Chief Operating Officer, Controller and Treasurer, Consultant, Manager/Associate Director, Staff Accountant, Analyst, and Programmer across the pharmaceutical, restaurant, retail and insurance industries. A natural problem-solver, this diverse background makes him uniquely qualified to understand and assist with cash flow issues.

Michael is a member of the Turnaround Management Association, the Association for Corporate Growth, Commerce and Industry Association of New Jersey, Garden State Credit Associates, the Business Resource Council and Business Networkers International. He volunteers with Mentored Pathways, an organization that connects students with professionals to achieve academic and career success.

Agenda:

6:00 – 7:00 Open Networking
7:00 - 7:15 Introductions
7:15 - 8:15 Topic Discussion
8:15 - 9:00 More networking, Feedback, any thoughts? any ideas?

See you all Wednesday .... bring a friend and don't be late

Have questions about Why Does Cash Flow Matter?? Contact Executives Club of New Jersey

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When & Where


Parsippany Troy Hill Library
449 Halsey Rd.
Parsippany troy Hills Township, NJ 07950

Wednesday, June 6, 2018 from 6:00 PM to 9:00 PM (EDT)


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Organizer

Executives Club of New Jersey

This is not your usual networking group. If you are a business owner, a major decision maker in your company or an exceptional networker, this group is for you.

 

This group is...

 

  • A place for business influencers to network.

  • A place to showcase your Unique Skills and Services to the group.

  • A place where a small business can network with professionals to grow their business.

  • A business Think Tank that will collectively work on solving Business Issues that will benefit the entire group.
     

Success in business depends on your knowledge, skills, networks and personal relationships. We will host presentations and workshops offered by members as well as networking and social events where you will have the opportunity to meet others from different industries and professions to discuss relevant current events and share experiences, business ideas, strategies, and opportunities.

 

The Executive Club is a professional networking organization dedicated to the highest standards of competence and service. we are business people who meet regularly to exchange business leads, share strategies and generate business among one another inside the club membership as well as outside.

 

If you would like to network with other business professionals and entrepreneurs then we invite you to join us.

 

Our community-based business networking group is dedicated to serious networking with integrity and is committed to growing the wealth of business activity among all our members through the exchange of contacts, leads, referrals, marketing techniques, and education.

 

Invite your friends and colleagues to join our Meetup group.

 

NO MLM Please! This is NOT a Career Search group!

This is NOT a Business Card Exchange group!

 

Meetings will be held in Northern New Jersey. If you cannot physically attend the meetings, do not join our group!

 

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