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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. For us as consultants, the effects are likely to be more gradual but our income will likely be affected. A stimulus payment from the U.S. government 2.

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5 Steps to Becoming a Millionaire as a Solopreneur

Successful Independent Consulting

Cash flow will be erratic, and it takes time (sometimes years) before you feel confident about making a living as a solopreneur. When you subcontract through an agency or consulting firm you are usually paid about 65 percent of what you're worth. If I see money in my bank account, I get looser with my spending.

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How I Became a Millionaire as an Independent Consultant

Successful Independent Consulting

Yet my bank account says I’m a millionaire. How can other self-employed consultants become wealthy too? Reflecting on my years as an independent consultant, I’ve boiled it down to five keys to success. Five Steps to Becoming a Millionaire Consultant 1. As an independent consultant, cash flow is erratic.

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Improve Business with Technology!

Women in Consulting

Bill.com – Bill.com gives you command and control over your cash flow, payables, and receivables anywhere, anytime. It invoices your customers, pays the bills on your schedule, banks your deposits and even syncs everything with your accounting program, freeing your time – and your mind – to grow your business.

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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. Banks factor in a salary figure before they determine cash flow for debt coverage. Rarely is anything straightforward. Bob Marley.

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Getting the Deal Done recap

Martinka Consulting

On November 17, 2015 we held our eighth Getting the Deal Done Breakfast Conference at the Bellevue Club (with co-sponsors PRK Law, Meridian Capital, Columbia Bank, Bashey Hutchinson & Walter, CPAs, and “Partner” On-Call/Martinka Consulting). The post Getting the Deal Done recap appeared first on Martinka Consulting.