Masterminding Cash Flow Strategies in your Practice Today

Hello my friend,

Running an Accounting or Legal Practice can be time consuming, particularly with cash flow. Business leaders internationally are challenged with the increasing changes in the market place. New technologies, new standards, fading customer base, dwindling cash reserves are all factors affecting these industries for the smaller players in the market.

To stay abreast of the market and competitors, you need to change your game plan and strategies to effective complete. As part of the overall game plan change is ensuring that you have a strong Cash Management Process in place.

One of the common myths in the market place as seen by customers is that accountants and lawyers are just there to help you get out of trouble. WRONG. Perception has been that these two professions do not add value and are too expensive. WRONG. I know because I am an Accountant and have experienced the same issues that you are now experiencing.

You will be totally surprised as to how you can demonstrate to your clients and potential clients that you can add value to their business and themselves. However, we need to be proactive in showing our capabilities of adding value rather than just compliance work..



Inadequate cash reserves is a major headache. The professions work significantly with work in progress clients and Accounts Receivable that impacts significantly on cash flow. You still have to pay your staff, office rent and other costs but you may not necessarily being paid immediately. Learn the processes of packaging or bundling your services. Take up the concept of different services. Accounting professions are seeking to incorporate law firms into their practice and law practices are starting to gather accounting practices into their business model.

Take a moment to check out  my video.

Some strategies for you to consider that you can start implementing in your practice today:

1 - Develop a Retainer
2 - Ask for Deposit up front to cover disbursements
3 - Package your services to add value to your customers
4 - Ensure that you have an awesome Credit Policy that is effective and utilised
5 - Invoice on a regular basis and follow up on collections.

The Academy can help you with showing you the strategic solutions to help you with your practice. We are offering a FREE 30 minute confidential consultation where we will show you the solutions that you can immediately put into practice. To book your consultation, complete the link at the top of the page or here.

Until next time, enjoy your weekend.

Cheers,
Peter Adams
Wealth Vision Mastery Academy Ltd


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