Cash is king: How this entrepreneur mastered the basics of financial management

via bdc

Marc Lindner established proper financial processes that helped him take control of his finances

Black and White Commercial Roofing, Marc Lindner

Marc Lindner’s roofing company had a problem some businesses would only be too happy to share. Sales had jumped 50% each year since the company started in 2014. Its workforce had grown from one to 35 employees in just a few years.

But despite the explosive growth, Kitchener, Ont.-based Black and White Commercial Roofing was having cash flow issues. Lindner had focused so heavily on sales and customers that financial management had been neglected. He was making major purchases without proper planning and didn’t have a good idea about his costs.

“We never had a budget,” Lindner says. “There wasn’t a lot of planning or preparation. When we bought capital equipment, it was always reactive.”

Lindner turned to BDC for advice on how to overhaul his financial management. A BDC expert did a thorough review of the company