Financial Management Strategies-Consultants & Small Business Ownners April 14, 2011

Running a consultancy is no small task, and capturing the real cost of doing business can be daunting. Most of us believe we have a true understanding of our cost of doing business. But as we focus our time and attention on creating a thriving practice, we may often overlook the impact of other financial decisions, such as retirement planning and personal cash flow, on our total cost structure.

To help consultants understand the benefits of multi-source financial management, speakers Carl Bruckner and Dave Parkes of Pacific Advisors will discuss The Living Balance Sheet (LBS), a tool that aggregates all of an individual's business and personal financial information in one place. The LBS allows business owners to discover areas of risk exposure and cash flow inefficiency and create fact-based solutions.

The LBS takes information from a variety of sources - including CPAs, attorneys, brokers, bankers and others - and creates a "wide-angled view" of an individual's total financial situation. With this information at hand, individuals can test current strategies and financial recommendations with greater confidence. The benefits for consultants include: clearer, user-friendly organization; more control; faster and more accurate financial decision-making; and greater confidence and peace of mind moving forward.

In this session, attendees will learn:

--The most common financial issues faced by business owners, with case study examples that illustrate how these issues could threaten a balance sheet and financial strategy
--Why conventional financial "wisdom" could leave a business owner at risk.
--How the Living Balance Sheet methodology can help protect a consultant's practice through better organization of financial records

Official Website: http://www.PATCA.org