Accounting/Finance
Legal 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…
Read MoreEstablishing Future Medical Expenses
Attorneys, life care planners and legal nurse consultants wonder what impact the ACA will have on establishing future medical expenses. One landmark change that affects legal nurse consultants is the Patient Protection and Affordable Care Act (popularly known as Obamacare or the ACA). This is a critical question for anyone charged with this task. We…
Read More3 Ways to Build Your Legal Nurse Consulting Business
How can you build the foundation for a strong legal nurse consulting business that will carry you forward? Here are 3 tips that helped me grow a successful business. 1. Never stop marketing It is tempting to connect with one or two key clients and get complacent. You are receiving a steady flow of cases.…
Read MoreLNCs: How to Collect Your Cash
You can’t collect your cash? If you’re in business as a legal nurse consultant, this could happen to you. • Clients request services for which they cannot pay. • You provide services, and then struggle to obtain payment. • Slow payers strangle your cash flow. • Payment issues poison your relationships with clients. It doesn’t…
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