For our January 2010, Doug McCorkle of B2B CFO (dmccorkle@b2bcfo.com; 707-529-3608) led the group in a discuss focused on Green Finance. Here are several key points from the discussion Doug led with the group:
“Profit” should not be a dirty word to any business. Only a financially healthy company can continue to provide sustainable products/services to better our world.
Financial forecasting is critical to business success, particularly in regards to cash flow. Create a 3 to 6 month cash forecast for three financial scenarios: sales downturn, expected, sales increase (upturn).
Seek innovative ways to reduce costs, particularly by eliminating or reducing waste. Examples: furniture company IKEA redesigned a sofa box by one centimeter…allowing them to fit four more sofas onto each trailer; UPS utilized GPS technology to reduce left turns (when vehicle sitting)…saving an estimated 3 million gallons of fuel per year.
Contact Doug to learn more about how your company can put its financial house in order.
And remember, the next TBLA meeting will take place Tuesday, February 9 beginning at noon. For more information about the meeting, click here.
Monday, February 1, 2010
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