This guide teaches the importance of managing cash daily. It explains the cash cycle, inflows and outflows of cash, and the impact one sale can have on the dealership. For new managers, employees transitioning into management positions, sales consultants, service writers, and office staff.
Here you'll learn to distinguish the difference between profitability and cash to determine if there are sufficient funds to run the business; illustrate the concept of the 'velocity of cash' to determine the importance of moving cash quickly; and explain the cash gap to determine why positive cash flow is vital to the success of the business.
Tags: Driven Management Guide, BM33, Cash Flow Management, Cash Management, ATD, Commercial Truck, Heavy Duty Truck, New Managers, Sales Consultants, Service Writers, Office Staff, Fundamentals, Profitability, Cash Gap, Cash Flow, Receivables, cash flow management, cash, flow, management, best practices, forecasting, worksheets, case study, #MemberBenefits, #DrivenGuides