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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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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.) Corporate payment terms are typically “net 45” or longer.

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Profit vs. Positive Cash Flow

CaseInterview.com

That is the moment when the client thinks to him or herself, “Okay, maybe the $1 million consulting fee was worth it.”. In other words, the client wasn’t just wrong about some facet of the market, competition, or company. They’re obsessively concerned that their sales growth will be too low to generate enough cash to pay the bills.

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Need Clients Now? 5 Strategies to Quickly Get More Consulting Clients

Consulting Matters

If you want to achieve sustainable success as a consultant - ideally you want to create a marketing system to ensure you have a consistently full pipeline of right-fit clients. However, there will be times when you have to feel the cash flow pressure and need to find clients.right now! AND their psychographics (e.g.,

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5 Steps to Becoming a Millionaire as a Solopreneur

Successful Independent Consulting

Cash flow will be erratic, and it takes time (sometimes years) before you feel confident about making a living as a solopreneur. When you subcontract through an agency or consulting firm you are usually paid about 65 percent of what you're worth. Financial stability is one of the top concerns when considering self-employment.

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