Accounting/Finance
LNC Employees – Eligible for Overtime
By December 1, 2016, LNCs who have salaried employees will be required to follow new federal wage laws. The law requires people earning salaries of $47,476 or less to be paid time and one half for every hour they work over 40. The regulation applies to working over 40 hours in one week. If you…
Read More7 Smart LNC Business Management Tips
You can get a lot of confusing advice about managing your legal nurse consulting business. These business management tips cut through the often conflicting advice and focus on the essentials. I’ve modified them from a talk I heard Matt Bacak give last weekend. Matt is a highly successful internet marketer who has overcome many business…
Read MoreProcrastination: What is the Cost?
Do you ever procrastinate as a legal nurse consultant? Put things off till the very last minute and then get stressed out trying to meet the deadline? Do you tell people you work better under pressure? You may have told yourself that line so many times you believe it. But the bottom line is, procrastination…
Read MoreLegal Nurse Consulting Business Phases
As I talk with LNCs about their businesses, I find that many are stuck in one legal nurse consulting business phase. Here’s what I am hearing from legal nurse consultants. Where do you fit in? Start up – This is the first legal nurse consulting business phase. You have attended a legal nurse consulting program,…
Read MoreHow to create a successful legal nurse consulting business?
Your successful legal nurse consulting business rests on four pillars: finance, marketing, client relationships and expertise. If you lack any of these four pillars, your business will wobble, much like an animal without four legs. This is my model for a successful legal nurse consulting business. I have organized the content on this site to…
Read MoreShould You Discount Your Legal Nurse Consulting Fees?
An attorney approaches you to review a case as a legal nurse consultant. When he hears your fees, he requests you discount your legal nurse consulting fees. He says, “I’m a nice guy. You shouldn’t charge me that rate.” “Your competition is charging less than that.” “If you lower your fees, I will give you…
Read MoreTop 5 Legal Nurse Consulting Billing Mistakes
Avoid financial landmines that will cost your legal nurse consulting business. You will gain both income and clients if you follow these practices. All of these lessons I learned the hard way to avoid legal nurse consulting billing mistakes. 1. Don’t set unreasonably low legal nurse consulting fees. Some inexperienced legal nurse consultants believe that…
Read MoreExpert witness payment for depositions – how to get paid every time
Legal nurse consultants and expert witnesses sometimes have difficulty collecting for their services. Getting expert witness payment for depositions can be tricky. Check out this advice for solving and avoiding the problem. I received this email about expert witness payment for depositions Dear Pat, I have a question regarding failure of an attorney to pay…
Read MoreLegal nurse consultants – how to avoid being a victim
Working with attorneys requires a great self image, self-confidence and a willingness to stand up for yourself. A positive mindset eliminates a lot of problems. When legal nurse consultants talk to me about fee and collection issues, often their mindset, communication, or self confidence factors affect finances. Here’s how to avoid this trap. Listen to…
Read MoreMoney Management for Small Businesses – A Road Map
What does the correct money management do for your business and your life? Money management for small businesses is the key to success As with anything else in life, when you have a goal, a direction that you want to go in, you have to know where you started. It is much like the necessity…
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