Liquidity Management for Management Consultants & Managers (Udemy.com)

What is the aim of this course?

Many companies, despite having profits, still have problems with cash. In other words, they have to improve their liquidity. This topic is not widely discussed, and a few management consultants, as well as managers, know how to do it in practice. Therefore, more companies die because of problems with liquidity than due to low profits. Luckily, there are a lot of techniques that will help you, in a structured way, to look for ways to generate more cash from the business.

In this course, I will show you different methods that you can use to improve the cash position of your business. You will learn the following things:

1. How to identify potential ways to improve your liquidity, especially quick wins

2. How to estimate in Excel how much cash you can generate from a specific solution

3. How to pick the optimal solution

4. How to prevent the firm from going bankrupt due to liquidity problems

This course is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turn-arounds in the biggest firms from the Retail, FMCG, SMG, B2B, and services sectors that I worked for. We have helped numerous firms improve performance and escape bankruptcy by using techniques and frameworks shown in this course. On the basis of what you will find in this course, I have trained in person over 100 consultants, business analysts, and managers who are now Partners in PE and VC funds, Investment Directors and Business Analysts in PE and VC, Operational Directors, COO, CRO, CEO, Directors in Consulting Companies, Board Members, etc. On top of that, my courses on Udemy were already taken by more than 355 000 students, including people working in EY, McKinsey, Walmart, Booz Allen Hamilton, Alvarez & Marsal, PwC, Dell, Walgreens, Orange, Citigroup, Cisco, IBM, and many others.

I teach through case studies, so you will have a lot of lectures showing examples of analyses and tools that we use. To a lot of lectures, you will find attached (in additional resources) the Excel files as well as additional presentations, and materials shown in the lectures, so as a part of this course, you will also get a library of ready-made analyses that can, with certain modifications, be applied by you or your team in your work.

Why did I decide to create this course?

Most firms and universities don’t show how to manage and improve a firm’s liquidity in practice. They concentrate on the analysis of financial statements and calculating ratios. This, unfortunately, does not prepare you for a situation in which liquidity is a huge issue. Liquidity is the second biggest reason why companies fail, so as a Management Consultant or a Manager, most likely you will come across this problem at some point.

This course will help you become an expert in improving the liquidity of the firm. This skill will prove very useful not only in consulting but also later on when you become a director or move on to build your own business. By giving you exposure to real-life cases and analyses, I want to improve your skills in liquidity management and liquidity improvement. Thanks to this course, you will know what and how to do it during performance improvement as well as turnaround projects. We want to provide you with frameworks that will open your eyes to the active management of liquidity.

To sum it up, the course will help you become an expert in liquidity management and liquidity improvement at the level of McKinsey, BCG, Bain, PwC, Deloitte, EY, and other top consulting firms. That is why I highly recommend this course to Managers, Management Consultants, as well as Investment Directors working for PE, Directors, and owners/founders of businesses.

In what way will you benefit from this course?

The course is a practical, step-by-step guide loaded with tons of analyses, tricks, and hints that will significantly improve the speed with which you generate new business ideas. There is little theory – mainly examples, a lot of tips from my own experience, as well as other notable examples worth mentioning. Our intention is that, thanks to the course, you will learn:

1. How to identify potential ways to improve your liquidity, especially quick wins

2. How to estimate in Excel how much cash you can generate from a specific solution

3. How to pick the optimal solution

4. How to prevent the firm from going bankrupt due to problems with liquidity

You can also ask me any questions either through the discussion field or by messaging me directly.

How is the course organized?

The course is divided into 10 sections. Currently, you will find the following sections:

• Introduction. We begin with a little intro into the course, as well as some general info on how the course is organized

• General framework. In the second section, I will show how the general framework for liquidity improvement and liquidity management. We will use it throughout the whole course.

• Reduce Inventory. In this section, I will show how to generate cash by reducing inventory. Inventory in most businesses is a must if you want to sell your products and scale the business. That is why it is so vital to reduce inventory if you want to get more cash.

• Reduce Receivables. In the 4th section, I discuss methods that you can use to reduce receivables. Most firms don’t sell directly, so a lot of money is tied up in receivables. Luckily, there are certain ways to lower receivables and increase cash position.

• Improve Payables. After that, in the next section, we will have a look at how you can generate additional cash by improving payables. Most companies have plenty of suppliers that they have to pay for their services and goods. A lot of additional cash can be generated by optimizing the payables.

• Restructure Debt. Another way to improve the cash position is to restructure the debts you have and to make them cheaper to service or change the schedule of payments. In this section, we will discuss the general framework, and we will have a look at case studies.