Contractors to learn finance
Raleigh, N.C. — Tom Kort, a consultant with FMI Corp. here, will speak at the 2007 American Fire Sprinkler Association Convention & Exhibition in late September in Phoenix, Ariz.
In “Financial Management for Non- Financial Managers,” Kort will discuss why the management of financial resources is as important to a contracting business as managing its people and jobs.
According to Kort, “Poor financial management skills result directly to lost revenues and lost profits — two things no one in the construction business can afford to be without.”
During the educational session, Kort will help attendees learn how to be better equipped to detect and handle potential financial problems; to make more profitable decisions; and to monitor the fiscal wellbeing of the firm.
The focus will be on measuring cash flow and working capital, creating financial metrics to assess financial performance, driving financial performance through planning, and best practices in financial management.
During his second session, Kort will share the findings on FMI's study of “Why Large Contractors Fail.”
While FMI researchers agreed that external economic conditions and the nature of the construction industry were significant factors in a company's demise, they also found other internal root causes were typically present.
Want to use this article? Click here for options!
© 2010 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus
advertisement
Green Products
|
Phoenix Evolution Combined Hydronic ApplianceThe Phoenix Evolution Combined Hydronic applicance melds hydronic space heating and domestic hot water in a single, 96% efficient package.... |
|
Baystone Faucet CollectionThe Baystone Faucet Collection has a water flow of 1.5 GPM and is certified to meet the EPA's WaterSense criteria.... |
|
Condensing Tankless Water HeaterThis condensing tankless water heater is able to deliver 8.0 GPM of heated water.... |
|
Neotherm Line of High-Efficiency BoilersThe Neotherm Line of High-Efficiency Boilers has been expanded with commercial and residential models, ranging from 80 MBH all the way to 850 MBH.... |
Opinion Poll
Industry Resources
advertisement













Reader Comments