WS 206 Optimizing Profit
Maximize your business’ profit in 2022: Ensure you have the cash you need to fuel your growth! We show you how to optimize the cash conversion cycle and take advantage of the power of one (1%) to improve your cash position. Running a business is just like playing Monopoly: When you run out of cash, it makes it nearly impossible to continue to operate your company. Game over! Let’s talk about the importance of cash and ways to improve your cash position because cash is like oxygen is to your body, without it you cease to exist. Learn how to optimize the cash conversion cycle. There are 4 elements to the cash conversion cycle: Sales, Make/Production & Inventory, Delivery, and Billing & Payment. What we want to do is start thinking about ways to accelerate cash in all of these areas. Everyone has ways to improve cash by working through a cash conversion cycle by eliminating mistakes, reducing cycle times and improving your business model. Take advantage of the power of one (1%) is a principle that can have a significant impact on your cash flow. Learn how your cash flow could improve if price, volume, and/or accounts payable increased by 1%, and cost of goods sold, inventory, accounts receivable, and/or overhead decreased by 1%.
Presenter: Donna Capodacqua, PhD SPHR, SHRM-SCP, is founder and CEO of Chrysalis Partners LLC, a boutique business coaching firm. Having served businesses in the greater Portland metro area for more than 25 years, sitting on the Board of Directors for four organizations, and a small business owner for 23 years, Donna has an extensive background. She has worked with multi-million-dollar companies with 2,500+ employees to start-ups across a variety of industries and settings, including union environments and non-profit organizations. She has seen it all. She knows what infrastructure systems, leadership and talent a company must have in place, but also understands that one-size solutions do not work. Donna offers practical insight and expertise to her clients, guiding them to find the right solutions that are translated into implementable tactics based on their purpose, values, goals and aspirations. Donna took her PhD in business administration from Tourou University. She earned her MBA and BA from the State University of New York at Albany.
When not working with clients, Donna enjoys spending time with her husband and friends, volunteering in the community, traveling, wine tasting, fishing, game nights, learning new things and meeting new people.