8.16.2017 | Cash Flow Crisis

PANELISTS

Neil Blanchard, Founder and President

Profit Pros 

neil@profitpros.com

John Reimer, CPA, Partner

Fiebiger, Swanson, West & Co., PLLP 

john@fsw-co.com

Judy Gartner, CLU, ChFC

Gartner Financial Network, Inc 

jgartner@woodburyfinancial.net

Steve Dusek, President and CEO

Dakota Business Lending 

sdusek@dakotabusinesslending.com


HOSTED BY

the Members of the100,inc.

Kurt McSparron, Founder

kurt@the100.work

Production by

Yarn Productions

Rob Burke, Owner

According to the SBA, only around 50% of new businesses survive 5 years.

90% of failures are caused by improperly managing the money going in and the money going out, and it’s often this cash flow crisis that pushes the business over the edge.

Even more surprisingly, 60% of businesses that fail are still showing annual profit.

Profit and cash flow are 2 very different things.

Your business may be generating a large profit margin and may be experiencing strong growth, but at the same time may not have cash to pay suppliers, lenders or employees.

Maintaining a strong and flexible financial position is crucial to every business, and efficient cash flow management can mean the difference between success and failure.