Financial Services

Why How You Pay Yourself MattersEarly stage entrepreneurs often default to a simple approach. They take money from the business whenever they need it. While that may work temporarily, it can quickly create problems.Your compensation strategy affects several important areas:1. Cash Flow StabilityPaying yourself a predictable income helps separate business finances from personal finances, which makes budgeting and tax planning

THE SCENARIO:This client had been renting for many years and loved the home she lived in. When her landlord finally offered her the chance to buy the property, she jumped at the opportunity. Unfortunately, the bank where she had her checking account dismissed her application. That’s when her Financial Advisor introduced her to me.

THE ISSUE:Although she earned a good

Staying connected with business contacts isn’t just about business networking. It’s about building lasting, mutually beneficial relationships. Whether you’re nurturing prospects, referral partners, or clients, consistent and thoughtful communication can make all the difference. Out of sight is out of mind.

Here are six Knock Out ways to stay in touch with your business contacts.

SEND OCCASIONAL MESSAGES
Just this

The Email That Teaches More Than Any Training ProgramIt’s 10:17 on a Tuesday night. You’re sitting on the couch, half-watching something on television, when you remember a detail about tomorrow’s filing. You grab your phone, pull up your email, and fire off a quick message to your associate. Takes thirty seconds. No big deal.Except it is a big deal. Because

Introduction

CMS program-integrity contractors increasingly rely on data analytics and statistical sampling to identify suspected improper payments. When an audit uses extrapolation, a small set of claim denials can be projected to a much larger ‘universe’ of claims, producing a repayment demand that is disproportionate to the sampled dollars. Effective audit defense therefore depends on (1) operational readiness to respond

Of course, business networking is not a quick fix. Financial advisors, insurance agents, attorneys, and other service providers that need to sell something know that nothing happens overnight. That said, these four approaches if done correctly will absolutely generate more business.

Be Clear about Your Target Market
As in crystal clear. Establish a specialty industry, profession, market segment, or niche.