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Ten Ways to Boost Cash Flow as an Independent Consultant

Successful Independent Consulting

This article was written by Gabrielle Fontaine , PB, ASBC, and the founder of BookkeepingDirect, an accounting and business consulting firm for small businesses. Founded in 2003, BookkeepingDirect helps small consulting firms achieve freedom from financial stress so they can do their best work. Top Ten Cash Flow Boosters 1.

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Your Complete Guide to Subcontracting as an Independent Consultant

Successful Independent Consulting

Having consistent cash flow is one of the hardest parts about being self-employed, especially when youre just starting your business. To improve cash flow, I recommend subcontracting as a way to generate income while you continue to build your own business. It can be difficult for veterans, too!

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Cash Flow Relief for Independent Consultants: the CARES Act & Other Ideas

Successful Independent Consulting

For us as consultants, the effects are likely to be more gradual but our income will likely be affected. This article explains your options for cash-flow relief, whether you need it immediately or in the near future, and how to get it. Moreover, how it applies to you will depend on your specific situation. government 2.

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Ten Factors to Consider Before Jumping into Independent Consulting

Successful Independent Consulting

Being a self-employed consultant or “solopreneur” isn’t for everyone. I made the leap to independent consulting in 2004 and never looked back. Now I run a national talent agency for HR consultants as well as the Professional Independent Consultants of America, both organizations that help independent consultants be successful.

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Nine Things to Think About Before Taking the Leap to Independent Consulting

Successful Independent Consulting

I made the leap to independent consulting in 2004 and never looked back. Cash flow – This can be the hardest part of being self-employed. Relatedly, your cash flow will likely be erratic. See the point above about erratic cash flow.) Can you manage a higher deductible and possibly reduced coverage?

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Should Consultants Charge an Upfront Fee or Charge at the End of a Project?

Steve Shu Consulting

Here’s one anecdotal story: I once managed a business advisory practice as part of a large, international and diversified products and services firm. To get this practice off the ground we subcontracted to a number of consulting firms to fill in for delivery gaps we had. However, consulting firms have cash flow considerations to make.

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Managing a Sales Funnel for Your Consulting Business

The Clever Consultant

Create and managing a sales funnel. More on tools for managing your sales funnel in a future post.) Does the proposed payment schedule and the client’s track record of payment match my cash flow needs? • And, as a consultant, you should leverage both outcomes to fine-tune your business development efforts.

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