NRMCA "Think Like an Owner"

NRMCA "Think Like an Owner"

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Saturday, June 24 - Sunday, June 25, 2023

08:30 AM - 12:00 PM ET

Presented by NRMCA and IRMCA

This course for the ready mixed concrete industry teaches its participants about financial management and performance of successful ready mix operations. The course was developed based on insights gleaned from NRMCA’s annual Performance Benchmarking Survey and intended to give participants an overview of the industry, focusing on identifying and addressing the factors that are causing the ready mix industry to see poor returns and deteriorating results in a strong market.

The course examines elements of successful firms and teaches participants how to manage profitable operations – from reading and understanding financial statements to thinking in terms of economic profit. This course is a must-attend for plant managers to company presidents who want to run their operations profitably. Participants can expect hands-on exercises and in-class quizzes.

This 2-day program, coming to Indianapolis on June 24-25, will equip you with the skills to:

  • Master financial management for the ready mix industry
  • Understand and analyze financial statements to identify hidden opportunities
  • Think strategically to achieve economic profit

This course earns 12 credits towards a CCPf designation in the Concrete Sales career track. CCPf, stands for Certified Concrete Professional. It is the highest professional designation in the concrete industry.

Day One: 06/24/2024

  • Welcoming Remarks
  • Industry Overview
  • Financial Performance Measures
  • Business Basics
  • Reading Financial Statements
  • Elements of Profit and Loss
  • Fixed and Variable Costs
  • Contribution Margin
  • Using Industry Benchmarking Surveys
  • Balance Sheets
  • Day One Review

Day Two: 06/25/2024

  • Breakeven Analysis
  • Performance Measures
  • Time Value of Money
  • Managing Like an Owner
  • Who Is Your Best Customer?
  • Economic Profit
  • Continuous Improvement
  • Course Recap

The course will involve attendee participation, including; hands-on exercises, both individual and group activities, and course assessments and quizzes. Lunch will be provided on day one only.

Event Fee: $650
Heidelberg Indianapolis Office
8909 Purdue Rd.
Suite 100
Indianapolis, IN
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IRMCA - Think Like an Owner - NRMCA Course 2024 - Indiana Ready Mixed Concrete Association