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Expert Witnesses: 5 Common Cash-Flow Mistakes, #2

Mistake # 2 – Not Having an AR Management System:

Accounts receivable management is essential in a well-run company. Without it you are guaranteed to reduce your cash-flow, which is the lifeblood of any expert witness consulting practice. As in your forensic analysis, a consistent and dedicated AR system yields superior results to an inconsistent or haphazard approach. In my practice I have come to recognize several critical components in any successful AR management system. Below are a few of the most important:

Healthy cash-flow is essential to the health of your consulting practice. With it you have options and the ability to hire the right people, purchase the right equipment and expand with your success. By utilizing a dedicated AR management system, you will give your business a solid foundation for growth.

Stay Tuned Next Week For #3, Leverage!

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