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News for August 14, 2022

RV Dealers Convention/Expo Workshop to Tackle Right Capital Levels for Dealerships

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RV dealers attending the 2022 RV Dealers Convention/Expo at Caesars Palace, Las Vegas happening in November, will hear from an expert about how they can manage working capital for their dealership.

Jane Saxon, a certified public accountant who specializes in RV dealerships, will present the workshop as part of the dealer/GM track during RVDA’s event.

Convention logo
Logo courtesy of RVDA

“The Right Balance – Optimizing Working Capital and Cash in Your Dealership” is an hour-long workshop, scheduled for 2:00 p.m. Thursday, November 10, designed to help dealers determine the right amount of liquid assets to keep in the dealership.

According to a press release, Jane will explain how to calculate working capital ratios, teach techniques to find the optimal level of working capital for your dealership, and assess if current working capital/cash is too high, too low, or exactly right.

Topics for this course include:

  • Strategies to effectively manage working capital
  • How to calculate your working capital ratio
  • How to manage and monitor to this level to assure effective use of capital, maximum return on investment, and value building of the dealership
Photo courtesy of Jane Saxon

Jane Saxon is a principal with Somerset CPA & Advisors and leads the national dealership team. The group serves clients in the automotive, RV, Powersports, boat, Ag equipment, and construction equipment industries.­­

About the RV Dealers Convention/Expo

Just as dealerships strive for continuous improvement, the RVDA Convention/Expo Committee is using the same principle when it comes to the RV Dealers Convention/Expo. The education program will provide segmented content based on dealership size, management structure, and revenue in addition to focusing on things dealers have in common.  

The annual RVDA Convention/Expo brings together dealers, manufacturers, suppliers, and RV industry business partners for the premier dealer education and networking event of the year.  

To register, visit www.rvda.org/convention. Regular updates will be posted on the convention website, Facebook, Instagram, LinkedIn, and Twitter.  

 Companies interested in partnership, sponsorship, exhibiting, and Vendor Training +Plus opportunities can contact Julie Newhouse at (703) 364-5518 or send an email to [email protected]

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Modern Campground

Modern Campground

Modern Campground is the most innovative news source in the Outdoor Hospitality industry. We provide global news coverage for RV Park and Campground owners, operators, managers, and their team members.
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Hi, you might find this article from Modern Campground interesting: RV Dealers Convention/Expo Workshop to Tackle Right Capital Levels for Dealerships! This is the link: https://moderncampground.com/usa/nevada/rv-dealers-convention-expo-workshop-to-tackle-right-capital-levels-for-dealerships/