March 17, 2022
10:00 am - 11:00 am
Your Assets – Are they working for you or just sitting there? How would you compare two businesses? Profitability is surely one way to compare the two. But what if one is making its profit while requiring less assets to be invested? Using the old saying of, ‘doing more with less’, this presentation helps participants to see just how well they truly are doing in their business. If they have multiple locations, this is a unique and great way to examine the operation of each of the management teams. If it is a single location business, this is a great way to see what you can do to make sure that the assets are not just sitting there.
Tom Shay is a fourth-generation small business owner. His experience is that as an independent retailer, wholesaler, and manufacturer. Recognized for the unique approach to human resources utilized in a family business, Shay was asked if he could share the techniques in a book to be published by a national trade association. Shay’s areas of expertise are financial understanding, business strategy, marketing skills, staff education and sales. He has created over 50 topics in business management including one on business management after the Covid-19 virus which was recently delivered to the Houston SBDC.