And what would you do about it?
I have been doing a lot of research on this over the last few weeks. I noticed that in The Law Practice we are receiving lots of new work, my cash flow forecast projects when that work will turn into cash because I “know” how long it takes to complete say a house purchase or sale file. But I was puzzled because the cash forecast was out by a few weeks. We weren’t receiving the fees into the business when I expected to. With consequences.
So I took a look at the assumptions we were making. I realised that the time from first instruction to invoicing was not the period of time I previously “knew” it was. On average it was longer. Often for reasons which were not in our control
There were things though we could do. We had bottlenecks which were constricting the pace that the work was throughput through the office. Once we recognized these we changed the way we did things and who did certain things. The effect was almost immediate and very positive. We were completing within the “known” timescales.
What I had discovered was the effect of the Theory of Constraints.
- I understand that this theory affects all our businesses whatever we do, make or provide.
- I can explain how to unlock your cash, get your orders out faster and increase profitability.
- You will learn much more that CASH – although CASH is the most important!
It’s 16 March 2011 at the Novotel, Broad Street, Birmingham – 9am – 5pm.
Lunch and refreshments will be provided and you’ll get a full set of notes and a plan for the future that actually excites you…
The investment for the day is just £175.00 + Vat!
And as a thank you for reading this I have negotiated an amazing discount – you can bring a friend or colleague for just £40+VAT
Simply click here and Quote GWYN1 for this memorable offer!
Date - Friday 16th March
Location – Novotel, Broad Steet, Birmingham
Time - 09.00 – 17.00
See you there