Remove Cash Flow Remove Insurance Remove Marketing
article thumbnail

Ten Factors to Consider Before Jumping into Independent Consulting

Successful Independent Consulting

Money management · Cash flow – This is probably the hardest part about being self-employed, especially if you are going to work with large companies. This means that if you work 100 hours in January and bill for it on January 31st, you probably won’t see any cash until the middle of March. Do you have the cash to make ends meet?

Cash Flow 370
article thumbnail

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

Successful Independent Consulting

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.) While a severance package can ease the cash-flow crunch, being laid off can be demoralizing.

Cash Flow 195
Insiders

Sign Up for our Newsletter

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

article thumbnail

Fall Business Maintenance Strategies

Business Consulting Agency

Analyze Year-to-Date Financials : Start by reviewing your financial statements, including income statements, balance sheets, and cash flow statements. Consider whether you need to increase spending in areas such as marketing for the holiday season or cut back on unnecessary expenses.

article thumbnail

Why Life Insurers and Asset Managers Must Join Forces to Win

BCG

Article Thursday, December 15, 2016 Life insurers are feeling the squeeze. Yet that income stream is weakening, as low-risk investment yields dip toward 0% and central banks continue to drain the bond markets. As each side of the business jockeys to promote its own agenda, a life insurer can quickly lose sight of its long-term goals.

article thumbnail

Empowering Small Business Growth Through Consulting

Business Consulting Agency

This includes market analysis, competitor research, financial planning, and creating sustainable business models that drive profitability and scalability. Consultants assist in financial analysis, budgeting, cash flow management, and identifying areas for cost optimization and revenue enhancement.

article thumbnail

Fraud or Just Marketing

Martinka Consulting

What this means is the owner’s salary, medical insurance, cell phone, car, travel, and more are added to profit because these items are “discretionary” not necessary. The bottom line is someone has to run the company and whether it’s the owner or a hired gun they deserve to be paid a fair market salary for that work. Bob Marley.

article thumbnail

The Corona Virus for Small Businesses

Consultant Journal

Think about what’s actually needed for your sales and marketing : Wave or nod instead of shaking hands. Take a look at your cash flow and what a change to sales or staffing could do. If you haven’t already, you may want to look into business continuity plans and insurance.