Debtors taking the *** – How do you feel?

Debtors taking the *** – How do you feel?

What do you think of businesses that don’t pay their bills on time? No, stop, what do you think about people that don’t pay their bills on time? This has nothing to do with businesses, and everything to do with individuals choosing to not pay.   This article...
What is business growth?

What is business growth?

What is Business Growth? When growing your firm should you be Profit or growth led? This caused some debate in various LinkedIn and other discussion groups recently. Here’s a summary of some of them (and some more thoughts). You’re running your own small firm, should...
Cash Flow improvements – Your 5 point check list

Cash Flow improvements – Your 5 point check list

Is it that the economy has uncovered poor practice regarding cash flow, or that the economy has made clients worse at paying on time? It doesn’t really matter! What I do know is that professionals do suffer cash flow problems – even though it takes a while...
Running a Law Firm and keeping the wolves at bay

Running a Law Firm and keeping the wolves at bay

Is it a bad time to be running a law firm, or can you survive – in fact thrive? It’s a tough market out there generally, but are law firms subject to even more problems? It seems more law firms are “going bust” and it appears the contingency...
Cash or Profit – You know which is more important

Cash or Profit – You know which is more important

Most professionals running their own firms know, when asked is cash or profit more important, what the “right” answer is. Why then do most of them not think in terms of the right answer when reviewing their business? Cash is king? It’s that lovely phrase and it is so...
Cash Flow Planning – What will keep your business alive?

Cash Flow Planning – What will keep your business alive?

I recently had discussions with the owners of three firms,  the same thing came out of each discussion. They had to radically change their plans because of a cash shortage. That might sound as if they’re being responsible and had been thinking clearly – which they...