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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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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. If the firms don’t have a strong balance sheet, if they foresee a potential cash flow problem, or if they have clients in particularly hard hit industries, I’d be concerned.

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How I Became a Millionaire as an Independent Consultant

Successful Independent Consulting

As an independent consultant, cash flow is erratic. For me it’s time with family and friends and traveling. (Relatedly, under-promise and over-deliver.) • Make your client look good; be the wizard behind the curtain. Siphon off 40% of every client payment. To make matters worse, I’m terrible at sticking to a budget.

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The Corona Virus for Small Businesses

Consultant Journal

It’s a question on the minds of many entrepreneurs, as Fortune 500 companies announce new protocols for travel, meetings and even use of coffee cups. Take a look at your cash flow and what a change to sales or staffing could do. How should small business owners manage the corona virus, aka COVID-19 ?

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Fool Me Once Or Fool Me All The Time

Martinka Consulting

Zweig writes that any form of modified profit isn’t cash flow. I get the feeling many people, even in my industry, don’t understand the difference between profit, Ebitda, and cash flow. Owner “perks” like cell phone, car, travel to conferences, etc. (as For more, just Google the terms Warren Buffet and Ebitda.

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Leadership Tip #13: For Innovation, Remove at Least One Policy or Procedure a Week

Johanna Rothman

Money Policies to Manage Cash Flow. Or, the person must adhere to onerous policies, especially for travel, to get reimbursed. What about guidelines? I see lots of policies around money, especially who can spend how much. The result: it takes time to get approval, even for reasonable, small spending.

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Due Diligence by Management Consulting Firms

Tom Spencer

The investment bankers assess current and projected future cash flows to determine how much debt they can take on, service, and pay down. Financial due diligence involves a lot of financial modelling ( DCF , LBO , NAV ) and deal structuring.