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Solos/Small Biz Masters- how common is it to run in the red every Q1?

it seems that everyone I talk to is bitching about using sav...
180 mauve university
  02/27/24
Extremely common, across many different businesses. People ...
splenetic kitchen travel guidebook
  02/27/24
not in law IMO
Chestnut wrinkle
  02/27/24
January is our worst month historically.
Bossy resort gaping
  02/27/24
Maybe it's industry/practice area specific? Q1 is not histo...
Hairless crawly institution keepsake machete
  02/27/24
im busier than I have ever been by a lot this q1. can't keep...
Chestnut wrinkle
  02/27/24
would you hire me as an associate?
Hairless crawly institution keepsake machete
  02/27/24
yeah man, we could discuss EDCs all day and.... wait nevermi...
Chestnut wrinkle
  02/27/24
i have something pretty special en route despite saying i wa...
Hairless crawly institution keepsake machete
  02/27/24
what
Chestnut wrinkle
  02/27/24
i'll show you when it arrives. you prob won't like it becaus...
Hairless crawly institution keepsake machete
  02/27/24
I'll post a pic of my custom made "relicced" strat...
Chestnut wrinkle
  02/27/24
180. when do you anticipate it will arrive?
Hairless crawly institution keepsake machete
  02/27/24
not sure. Dude is doing the paint job now, literally freezin...
Chestnut wrinkle
  02/27/24
it's all completely random and incomprehensible i just oc...
Naked misunderstood whorehouse blood rage
  02/27/24
tp.
slap-happy yarmulke theater
  02/27/24
In my experience running a law partnership, the issue is tha...
bronze set
  02/27/24
Can I be ur partner
Fragrant state striped hyena
  02/27/24
partner or like "partner"
Naked misunderstood whorehouse blood rage
  02/27/24
180
slap-happy yarmulke theater
  02/27/24
This... Money is almost always a little tight the first 2-3 ...
razzmatazz house police squad
  02/27/24
tyvmft
180 mauve university
  02/27/24
...
lemon galvanic factory reset button sneaky criminal
  02/27/24
...
slap-happy yarmulke theater
  02/27/24


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Reply Favorite

Date: February 27th, 2024 4:56 AM
Author: 180 mauve university

it seems that everyone I talk to is bitching about using savings / credit to fund Q1 operations, but are confident that they will be back in black by mid year

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47442662)



Reply Favorite

Date: February 27th, 2024 6:17 AM
Author: splenetic kitchen travel guidebook

Extremely common, across many different businesses. People don't spend as much in January and February.

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47442726)



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Date: February 27th, 2024 8:02 AM
Author: Chestnut wrinkle

not in law IMO

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47442832)



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Date: February 27th, 2024 1:13 PM
Author: Bossy resort gaping

January is our worst month historically.

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443845)



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Date: February 27th, 2024 8:05 AM
Author: Hairless crawly institution keepsake machete

Maybe it's industry/practice area specific? Q1 is not historically slow for me.

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47442838)



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Date: February 27th, 2024 8:36 AM
Author: Chestnut wrinkle

im busier than I have ever been by a lot this q1. can't keep up with it

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47442879)



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Date: February 27th, 2024 8:37 AM
Author: Hairless crawly institution keepsake machete

would you hire me as an associate?

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47442881)



Reply Favorite

Date: February 27th, 2024 9:23 AM
Author: Chestnut wrinkle

yeah man, we could discuss EDCs all day and.... wait nevermind

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47442970)



Reply Favorite

Date: February 27th, 2024 10:20 AM
Author: Hairless crawly institution keepsake machete

i have something pretty special en route despite saying i was out of the knife game.

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443167)



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Date: February 27th, 2024 11:24 AM
Author: Chestnut wrinkle

what

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443377)



Reply Favorite

Date: February 27th, 2024 11:26 AM
Author: Hairless crawly institution keepsake machete

i'll show you when it arrives. you prob won't like it because it's small.

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443390)



Reply Favorite

Date: February 27th, 2024 11:31 AM
Author: Chestnut wrinkle

I'll post a pic of my custom made "relicced" strat when I get it too

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443417)



Reply Favorite

Date: February 27th, 2024 11:41 AM
Author: Hairless crawly institution keepsake machete

180. when do you anticipate it will arrive?

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443453)



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Date: February 27th, 2024 12:42 PM
Author: Chestnut wrinkle

not sure. Dude is doing the paint job now, literally freezing it in a freezer to get "checking" affect on the paint. We ordered some Lindy Fralin hot rails that take a few weeks to come in - he wants me to do single coils, I already have nice single coils in a strat so wanted more of a humbucker (single coil humbucker). We are ordering one to see what it sounds like in the neck position before we order another

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443713)



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Date: February 27th, 2024 9:42 AM
Author: Naked misunderstood whorehouse blood rage

it's all completely random and incomprehensible

i just occasionally get checks in the mail and have learned not to worry too much about it otherwise

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443029)



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Date: February 27th, 2024 1:12 PM
Author: slap-happy yarmulke theater

tp.

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443842)



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Date: February 27th, 2024 10:18 AM
Author: bronze set

In my experience running a law partnership, the issue is that all profits from the prior year need to be "paid out" so there is nothing left in the business in Jan. If you keep a reserve for jan, that's just a buy-in with your own money.

You likely received payment for your Dec. invoices in the prior year because businesses like to get their expenses paid in that calendar year. Your first "revenue" from the new year usually comes after you send out a Jan or Feb invoice and will trail. In the meantime, Jan/Feb/March you still have payroll, and March you have to pay your Q1 estimates again.

Some folks pay themselves out completely in Q4 and then use credit in the firm's name for jan/feb/march so they are not persoanlly at risk.

So even though you may be keeping a cash cushion to pay expenses in Jan/Feb/March, it's really just a loan you are providing back to your firm since the money is technically the last year's profits.

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443163)



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Date: February 27th, 2024 10:19 AM
Author: Fragrant state striped hyena

Can I be ur partner

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443165)



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Date: February 27th, 2024 11:10 AM
Author: Naked misunderstood whorehouse blood rage

partner or like "partner"

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443315)



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Date: February 27th, 2024 1:12 PM
Author: slap-happy yarmulke theater

180

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443843)



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Date: February 27th, 2024 1:14 PM
Author: razzmatazz house police squad

This... Money is almost always a little tight the first 2-3 months as we have to effectively drain operating at end of year and just leave a minimal amount left in (which we have to pay tax on) to fund operations during the first two months of the year.

Then over time the operating account catches back up at which point cashflow is not really an issue.

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443852)



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Date: February 27th, 2024 2:16 PM
Author: 180 mauve university

tyvmft

(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47444186)



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Date: February 27th, 2024 11:49 AM
Author: lemon galvanic factory reset button sneaky criminal



(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443485)



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Date: February 27th, 2024 1:12 PM
Author: slap-happy yarmulke theater



(http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443840)