The 2020 annual benchmarking study conducted by the Australasian Legal Practice Management Association (ALPMA) has identified revenue growth, cashflow and lock up as the main financial challenges for law firms, with work in progress (WIP) and debtor days often exceeding 90 days.
At some point, we all go through a challenging time, and these are especially exacerbated during lockdown. Here are five things you can do during a lockdown or testing times with your business.
The Vinnies CEO Sleepout is an annual event that aims to help change the lives of Australians experiencing homelessness. This year, QuickFee Australia’s Managing Director Bruce Coombes took part for the 4th time, raising over $13,000 to provide food, accommodation and essential services to people at risk of experiencing homelessness.
Last month, CPA Australia released a report on The Value of Advice. As many financial advisors already know, the chasm is widening between those who have access to professional advice – and those who don’t.
Remote working from home as a flexible work arrangement was the exception rather than the norm for many office based workplaces pre – COVID-19. It’s now the default arrangement with restrictions focused on physical distancing
How has the COVID-19 pandemic affected accounting and law firms in Australia? Are firms seeing an increased or decreased demand for their services? How are they fairing when it comes to workloads, cash-flow, salaries, and
Offering structured payment plans is one of the fastest ways to scale your business, without having to invest another cent in sales or marketing.
It’s tempting to believe that old cliché each time it’s uttered. However, research shows 64 percent of small business owners have unpaid invoices that are at least 60 days old. The check’s in the mail!
You know to ask current clients for referrals. You know to enroll with your local Chamber of Commerce, and to attend networking events in your area. But what do you do when the usual strategies
Building relationships with new clients can be a lot of fun. It’s interesting to learn about the services they provide and it can be intriguing and intellectually stimulating to analyze their business and offer opportunities