Securing the Bag for (Another) Rainy Day

Oct
16
2020
Fri 8:30 AM to 9:30 AM

To "secure the bag" is an expression used to describe the act of taking/obtaining advantage of a situation and keep something of value.

The coronavirus pandemic was an unprecedented event that surprised small businesses and many owners found themselves unprepared to meet the financial challenges it presented. Although disaster and recovery funding is usually available, the value of being financially prepared to handle such emergencies before they happen is apparent.

Participate in this workshop and learn:

  1. Cash is required to prepare for the next disaster
  2. Why should you have an accurate estimate for your rainy day fund
  3. How much should you have - discussion of fixed and variable costs; and discussion of the cash conversion cycle, with examples
  4. Where should you keep these funds
  5. Banking relationships for a disaster
  6. Maintaining contact with customers

Don't find yourself caught unprepared for the next disaster. Secure the bag today and be prepared! Sign up to hear how to secure your finances to ensure your business' survival and recovery during another rainy day.

Speaker(s): Mark Quinn, Conrad N. Hilton Endowed Chair in Entrepreneurship/Assistant Professor, Business, Xavier University of Louisiana

Co-Sponsor(s): Xavier University of Louisiana Division of Business


Fee: No Cost