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

Successful Independent Consulting

We’re in an unprecedented situation because of the COVID-19 coronavirus, and the economic fallout has been drastic for many business sectors, such as travel and restaurants. This article explains your options for cash-flow relief, whether you need it immediately or in the near future, and how to get it. government 2.

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5 Steps to Becoming a Millionaire as a Solopreneur

Successful Independent Consulting

Financial stability is one of the top concerns when considering self-employment. Cash flow will be erratic, and it takes time (sometimes years) before you feel confident about making a living as a solopreneur. My cash flow was erratic as an independent consultant, ranging from $5,000 to $28,000 a month.

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Navigating a Downturn: Strategies for Business Resilience

Tom Spencer

Adopt Conservative Financial Management Maintaining the financial health of a business is paramount if one hopes to thrive during periods of economic challenge. This has significantly reduced Apple’s financial risk of launching new products, even during periods of economic contraction.

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Coronavirus & Consulting Offers

Tom Spencer

The travel and hospitality industries have been decimated, stock markets around the world have tanked, and governments struggle to combat this devil on so many fronts. During the dotcom bubble, the financial crisis, and the real estate bubble, what did consulting firms do? Commerce has ground to a halt.

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Due Diligence by Management Consulting Firms

Tom Spencer

There are many different types of due diligence such as legal, accounting, financial, and commercial due diligence amongst many others. Financial due diligence involves a lot of financial modelling ( DCF , LBO , NAV ) and deal structuring. This allows them to value the target company and determine a bid price. Image: Pexels.

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Management Consulting

CaseInterview.com

This may involve traveling to the client’s site to collect data, interview employees, and examine daily operations. Accounting (Financial Advisory Consultants) Large accounting firms also offer consultation services to their clients. This group mainly targets financial advisory roles within a business.

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Fool Me Once Or Fool Me All The Time

Martinka Consulting

The premise of the article was most of the financial jargon used to provide insights into companies’ health are make-believe and don’t reflect actual conditions, i.e. true profitability. Zweig writes that any form of modified profit isn’t cash flow. Owner “perks” like cell phone, car, travel to conferences, etc. (as