Accounting/Finance
How to Handle Difficult Clients as an LNC
Every LNC will eventually encounter difficult clients. The key to maintaining a successful business is to recognize these issues early and manage them strategically. From setting boundaries to handling payment problems and assessing client fit, learning how to deal with difficult situations will strengthen your business and help you avoid unnecessary stress. Setting Boundaries with…
Read MoreThe LNC Mindset that Encourages Success
Do you have an LNC mindset that encourages success? You need this trait if you want to become a thriving entrepreneur. I read a book by Psychologist Carol Dweck, called Mindset: The New Psychology of Success: How We Can Learn to Fulfill our Potential. Dr. Dweck argues that people can be divided into two groups:…
Read MoreWhat is Your LNC Money Mindset?
Your money mindset affects both your business and personal finances. It’s imperative for you to identify how you feel about money. Asking yourself about your money beliefs is the most critical question when you are contemplating billing and collection for your invoices. Your beliefs directly affect how you experience cash flow. Consider how you feel…
Read MoreConfidently Answer the Question “What Do You Charge”
“What do you charge?” The first time you are asked this question about your LNC fees, you can be caught off guard. One of the first principles is to be very clear when working with an attorney regarding fee agreements. I’ve spent many hundreds of hours visiting clients and looking at their files while helping them…
Read MoreLNC Invoicing Tips to Get You Paid Sooner than Later
The invoicing tips in this post provide you with the best ways to collect your fees. Grab your note-taking device of choice. How Much Should You Bill? The LNC emailed me to ask for advice. She was reviewing her first case as an expert witness for the defense. On her initial review, she did not…
Read MoreHow to Avoid Collection Problems
Do you have collection problems in your LNC business? Let’s explore some general principles of collecting payment from your clients. Follow these recommendations so that you don’t leave money on YOUR table. This could happen to you if you’re in business as a legal nurse consultant. Clients request services for which they cannot pay. You provide…
Read MoreThe LNC Financial Aspects of Being a Subcontractor
Do you know the LNC financial aspects of being an LNC subcontractor? Of course, you may think you do. But tax regulations change, and your state or country’s regulations may vary from the content in this blog. Check with a qualified tax expert to be sure what you do as a subcontractor complies with the…
Read MoreCreate Your LNC Emergency Savings Fund in 5 Easy Steps
An emergency savings account can be the difference between closing the doors on your business and continuing to thrive. Surprise expenses come up. That’s the way life works. Yet when you have an emergency savings fund, these surprises have minimal effect on you and your monthly income. You don’t even notice them because you have…
Read MoreWhy You Need an LNC Financial Checkup Every Year
Your LNC financial checkup should be on your calendar for an annual check-up. As a solopreneur, you need to put your business finances through constructive scrutiny. Ideally, you will examine the financial direction of your company at several points during the year, but an annual in-depth checkup is necessary to keep your business fit and…
Read MoreIs Your LNC Money Mindset Holding Back Your Income?
Your LNC money mindset will ultimately determine your income and financial success. Whether you are a new entrepreneur or have been running your LNC business for a while, understanding the way you view money is essential. You need to take steps to transform your business—and your income. You may love your business, but if it’s…
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