Practice growing but cashflow becoming very tight......

Posted by murphy1 PM | on Mon, 20/09/2010 - 14:27 2612 58 comments | report

Hi,

I have a small but growing practice, but I am getting very concerned about cashflow.

Per my forecasts, I can run for another 6 months with my current fee income, but need it to grow and not lose any clients.

Subcon work is like golddust in my area, have just applied for 2 part time jobs, and sent cv's off for contract work.

What else should I be considering...I really want to have my own practice.

Fed up...

Thanks,

Murphy

Comments

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Are you sure you are cut out for it?

andypartridge | Mon, 20/09/2010 - 15:33

Andy..

murphy1 | Mon, 20/09/2010 - 15:46

I really understand

FirstTab | Mon, 20/09/2010 - 16:12

'refuse to give up'

andypartridge | Mon, 20/09/2010 - 16:48

Try some bigger local accountants...

justsotax | Mon, 20/09/2010 - 16:57

Keep going

Francis Benali | Mon, 20/09/2010 - 21:05

Make them feel "special".

cymraeg_draig | Mon, 20/09/2010 - 23:39

"When you start out any client is a good client"

GeeBee | Tue, 21/09/2010 - 08:58

Thanks..

murphy1 | Tue, 21/09/2010 - 09:16

advertising can work

Red Leader | Tue, 21/09/2010 - 09:56

How much?

Bob Harper | Tue, 21/09/2010 - 10:05

Building up a new practice

ERP_Consultant_Dalbir | Tue, 21/09/2010 - 10:42

Bob

cymraeg_draig | Tue, 21/09/2010 - 11:39

Strategy

Bob Harper | Tue, 21/09/2010 - 11:58

@Bob and Crib Sheets

pauljohnston | Tue, 21/09/2010 - 12:39

Crib sheets

Bob Harper | Tue, 21/09/2010 - 13:12

Standing orders

happy | Tue, 21/09/2010 - 13:28

What makes the difference

Bob Harper | Tue, 21/09/2010 - 13:55

Yes but..

happy | Tue, 21/09/2010 - 14:06

Standing orders and crib sheets

HudsonCo | Tue, 21/09/2010 - 14:16

networking to build business

scohen | Tue, 21/09/2010 - 14:28

bob

cymraeg_draig | Tue, 21/09/2010 - 15:49

Directions

Bob Harper | Tue, 21/09/2010 - 16:30

Get real Bob

cymraeg_draig | Tue, 21/09/2010 - 23:15

Commercial focus

Bob Harper | Wed, 22/09/2010 - 00:03

Some advice

happy | Wed, 22/09/2010 - 09:38

Happy is giving you good advice

ShirleyM | Wed, 22/09/2010 - 10:18

I have to agree with C_D's first posting...

justsotax | Wed, 22/09/2010 - 11:48

My advice be selective from day one

happy | Wed, 22/09/2010 - 12:37

Change of emphasis

andypartridge | Wed, 22/09/2010 - 12:39

Practical idea

Bob Harper | Wed, 22/09/2010 - 13:05

Use you advantages - and work in the real world.

cymraeg_draig | Wed, 22/09/2010 - 15:24

Business v Practice

happy | Wed, 22/09/2010 - 15:44

Happy - unhappy with your reply!

GeeBee | Wed, 22/09/2010 - 15:59

Happy's been there...

happy | Wed, 22/09/2010 - 16:36

Another practical idea

andypartridge | Wed, 22/09/2010 - 17:33

Interesting how different people think

Bob Harper | Wed, 22/09/2010 - 17:53

Ignoring the sales-speak

cymraeg_draig | Wed, 22/09/2010 - 18:10

Good example

Bob Harper | Wed, 22/09/2010 - 22:29

Advice or advertising ?

cymraeg_draig | Wed, 22/09/2010 - 23:13

Happy is very confused...

happy | Thu, 23/09/2010 - 09:49

Happy now?

Bob Harper | Thu, 23/09/2010 - 11:50

Happy is starting to understand Bob

happy | Thu, 23/09/2010 - 12:11

Options

happy | Thu, 23/09/2010 - 13:14

Choices

Bob Harper | Thu, 23/09/2010 - 13:48

Part time ?

cymraeg_draig | Thu, 23/09/2010 - 15:45

Outcomes and incomes

Bob Harper | Thu, 23/09/2010 - 16:31

@ bob

cymraeg_draig | Thu, 23/09/2010 - 19:17

The usual responses

JackJoshua | Thu, 23/09/2010 - 22:55

Directions

Bob Harper | Thu, 23/09/2010 - 23:00