For any entrepreneur, managing cash flow can be cyclical. It’s especially common for attorneys because some operate on contingency, and others fall into a rhythm of marketing to create a lot of work, and then doing the work and not leaving time for marketing which leads to no new work. It creates a feast-or-famine cycle; if they aren’t careful, they will end up cash poor during the slow months.
In today’s episode of Wealthy Woman Lawyer®, Davina shares seven steps to improve your cash flow when money is tight. These actions are meant to help you attract more cash now and help you set up a system to avoid falling into the feast-or-famine trap again.
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