Mistake #5 Letting your Accounts Receivables Become Past Due The longer you neglect your AR the harder it is to collect your payment. It is important to be proactive in the collection of your AR to avoid your clients from becoming past due. Here are some items to think about when it comes to new … Read moreExpert Witnesses: 5 Common Cash-Flow Mistakes
Mistake #4 How Cash-flow or the lack of effects your business: What are your hopes and dreams when it comes to your business? What are you in need of to fulfill those hopes and dreams? Is the answer cash? When your AR is reflecting on a report rather than reflecting in your bank account it … Read moreExpert Witnesses: 5 Common Cash-Flow Mistakes, #4
#3, Not Utilizing Your Leverage When It Comes to Delinquent Payees: You have leverage and at times you need to use it! We are all busy professionals and often forget to do something if it is not right in front of us – for our attorney clients, paying us experts is one of them. Sometimes … Read moreExpert Witnesses: 5 Common Cash-Flow Mistakes, #3
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 … Read moreExpert Witnesses: 5 Common Cash-Flow Mistakes, #2
As a former Project Manager of a nationally recognized Forensic Animation and Reconstruction firm, I experienced firsthand the difficulties involved in getting payment for services rendered in this complex field. Always eager for bigger challenges, I requested taking over the AR duties as I recognized the importance of relieving the testifying experts from negotiating payments … Read moreExpert Witnesses: 5 Common Cash-Flow Mistakes