1. Friedman, Kannenberg & Company, P.C.
Tough Times Require
Course Title
Tough Decisions!
presented by
Daniel Jobe
Alan Friedman, CPA
Friedman, Kannenberg & Company, P.C. 1 1

2. Talk about the expense cuts we’re NOT going to talk about
Today’s Discussion:
Talk about the expense cuts we’re NOT going to talk about
Talk about the tougher, more personal expense cuts that nobody wants to talk about

3. 1. Cut Expenses 3. Invest money 4. Borrow money
Only 4 Things you can do…
1. Cut Expenses
3. Invest money
4. Borrow money
2. Increase revenues

4. The Common Cuts…
Staff salaries
Rent
Advertising
Supplies
Travel

5. Don’t forget Inventory…
Reduction?
Management (GMROI)

6. …you don’t cut into the muscle of your organization!!
Just make sure…
…you don’t cut into the muscle of your organization!!

7. So…Where do I start?

8. Meals, travel and entertainment Personal auto Business Perks
The 5 untouchables…
Meals, travel and entertainment
Personal auto
Business Perks
Outside investments
The Stuff at Home

9. Travel, Meals & Entertainment1.
Travel, Meals & Entertainment

10. Skimp
Pimp Your Ride 2.

11. Company Perks 3.

12. Outside Investments 4.

13. Personal Finances 5.
Your Lifestyle
Your Income

14. Just turn it OFF…

15. …and keep this in mind
When the media keeps pumping out the bad news, your competition is probably going to follow the laws of human nature by hunkering down with the same old business model and wait for the good times to return.

16. Create Opportunities
Given that short- sighted, fear-driven behavior, now is a perfect time for you to make gains on them by trimming the fat and creating opportunities.

17. Top Three Takeaways
Here are three takeaways from “Tough Times Require Tough Decisions” presented by Alan Friedman and Daniel Jobe. Bring these ideas to back to your business and see what results you generate!
Takeaway 1: Make the obvious business cuts to save money and increase cash flow
Takeaway 2: Make the tougher, more personal cuts to save your business and make it healthy again
Takeaway 3: Seize this opportunities to plan for the future success of your business 17 17

18. Any
Questions?

19. “Free” Consulting Meetings
Contact Jen outside the Idea Center entrance
after this session to set up a meeting time

20. Catch PRINTZ Sat night at The Hilton Lobby
Have fun and
keep rockin’!!
Catch PRINTZ Sat night at The Hilton Lobby