Remove Cash Flow Remove Finance Remove Groups
article thumbnail

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!

Cash Flow 195
article thumbnail

Research: Writing a Business Plan Makes Your Startup More Likely to Succeed

Harvard Business

This includes everything from past entrepreneurial experience to the need for external finance and the urge to grow the business or to innovate. Better-financed startups are more likely to succeed. We separated would-be entrepreneurs into two groups: those who write a formal plan and those who don’t.

Research 138
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

If you’re not a numbers person, finance is daunting. “The decision-makers will want to see a simple model that shows revenue, costs, overhead, and cash flow,” he says. Stop avoiding finance because you’re afraid of numbers. Think of it this way, “Finance is the way businesses keep score.

Finance 70
article thumbnail

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

Consulting Matters

However, there will be times when you have to feel the cash flow pressure and need to find clients.right now! You can engage with your future clients in groups and in comments on posts. Get into groups and add value. Creating a simple survey that can be used to better understand issues with a select group of employees.

article thumbnail

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

Consulting Matters

However, there will be times when you have to feel the cash flow pressure and need to find clients.right now! You can engage with your future clients in groups and in comments on posts. Get into groups and add value. Creating a simple survey that can be used to better understand issues with a select group of employees.

article thumbnail

Stop Focusing on Profitability and Go for Growth

Harvard Business

The global financial crisis prompted many companies to pull in their horns, hoard cash, trim costs, and take a wary view of large investments. Bain & Company’s Macro Trends Group carefully analyzed the global balance sheet and found that the world is awash in money. So, in real terms, debt financing is essentially free.

Cash Flow 138
article thumbnail

Do you have assets?

Tom Spencer

If you are an accountant, then your goal is to categorise resources into groups: assets, liabilities, and equity. You are not trying to categorise resources into groups but rather to maximise your return on investment. Looking at it this way, assets will be resources that increase in value or generate cash flow.