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.
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Good talk Doug! Thanks. It was good to learn how businesses can make small changes that add up to big savings both economically and environmentally. True, we are all much smaller than UPS & Ikea, but if 100 small businesses save a few gallons of gas, or pack more products on a truck... you get the idea. Thanks again. Looking forward to our meeting next week.
ReplyDeleteI enjoyed your talk, too, Doug. Well done!
ReplyDeleteThanks everyone for the opportunity to speak to the group. I'm glad I was able to get people to think outside the box reagrding the environment and their profits. See you at the next meeting!
ReplyDeleteDoug McCorkle