You can greatly improve your law firm cash flow with strategic changes to your billing process. The primary goals are to raise your billing collection rate and shorten the time it takes to collect on invoices. The eight strategies below focus on these outcomes. 1. Create Goals Goal setting is...
“Social Security is only likely to replace 35% to 40% of your pre-retirement income. For almost everybody, that’s not going to be enough.” If you have a personal retirement account like an IRA or a Roth IRA, remember that every year they tend to raise the amount that you’re all...
or you have any other financial emergency. Instead of taking a loan to cover the unplanned expense, you will have enough money in your emergency fund to pay cash for the fix. This way, you will not need to delay your plan by putting more debt on acredit card or taking out an expensiv...
In 2009, Domino’s responded to the criticism by rolling out a brand-new pizza recipe and publicizing the reinvention process in a marketing campaign to raise awareness. The effort was a massive success, and the company’s profits soared thanks to its truthful and “self-flagellating” ad ...
Positive credit and on-time bill payments provide numerous benefits. This can facilitate on-time bill payments and direct spending to what is essential. So, it is best to make all of your payments on time to raise your credit score. With this, you’ll be able to lower interest rates if...
Budgeting makes you feel like you got a raise. I mean, the average EveryDollar user says they find $332 in their first month using this budgeting tool. That’s money that was getting spent on who knows what before—but now you get todecidewhere it goes. ...
to make raising capital in 2023 more challenging.*But the top concern for 33% of brands when it comes to raising funds are interest rates, which have increased along with commodity prices.*Investors predict central banks around the world will raise rates toalmost 4% in 2023, double the rate...
Create a main category hierarchy: Such a hierarchy ensures that the most valuable or profitable categories of goods are tracked most closely, minimizing the risk of losing business to stockouts. This is known as ABC analysis. Identify and move deadstock: Deadstock, also known as obsolete inventory...
Once you have trimmed the budget as much as your lifestyle will allow, you may want to look for some opportunities to increase your income. Some options might be working more hours or asking for a raise at work. Alternatively, if your employer is not an option, you may want to consider...
How Do I Ask for a Raise? If you've been with your employer for a while and have established that you are a valuable asset to the firm, it may be time to ask for a raise. Before doing so, be sure to document your contributions to the organization and how you add value. Also, ...