This Week: MRAA dealer webinar series on navigating cash flow
This week, the Marine Retailers Association of the Americas (MRAA) will host three webinars to help dealers manage their cash flow and financial well-being. MRAA Vice President, Liz Walz, says that after hundreds of conversations with dealers, and thousands of survey responses, MRAA has learned that cash flow "is the No. 1 obstacle dealers face at this moment."
MRAA President, Matt Gruhn adds, "In a matter of just a couple weeks, our dealers went from focusing on managing growth to being forced to recalibrate their business. This newly expanded webinar series is designed to provide guidance on how to do just that, including topics like managing expenses, new methods to drive revenue, and how to manage cash on hand to make payrool and pay their bills."
NMMA encourages its members to share these webinars with dealers and listen in for tips on navigating this pandeminc together. The webinars will help dealers learn strategies for managing cash flow in a crisis and how they can improve their financial position. The webinar schedule is below.
Tuesday, April 7: John Spader of Spader Business Management, has delivered several recession-proofing courses for MRAA’s dealers over the years, and was specifically requested by dealers to address this topic. This webinar will address why dealers have such a hard time managing cash flow, as well as the three levels of managing cash flow and when it’s appropriate to use each. It will also include samples of key daily reports or dashboards dealers should create and monitor. You can register for that webinar, “How to Manage Cash Flow in a Crisis,” here.
Wednesday, April 8: Garage Composites, whose team regularly scores among the highest-rated speakers at MRAA’s Dealer Week conference and expo. In the effort to put together the most timely and responsive content to support dealers with, the name of this session and specific takeaways are still being finalized, but you can register for the webinar with Garage Composites here.
Thursday, April 9: “Discovering Financial Opportunities Now: Actions Top Dealers are Taking to Weather the Storm.” During this webinar, our hosts and subject matter expert will discuss how to protect your business and yourself, financially; what you can do to preserve the value of your business; and what actions you can take so that your exit plan stays on track. They will also provide insight into what other dealers are doing to find success in these areas. PLEASE NOTE: This webinar will NOT be recorded and will not be available to watch afterward. We invite you to join us live. You can register for this webinar here.
MRAA's Matt Gruhn is available for any questions at [email protected]