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Solos/Small Biz Masters- how common is it to run in the red every Q1?
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Date: February 27th, 2024 4:56 AM Author: Wonderful Bbw 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) |
Date: February 27th, 2024 6:17 AM Author: rebellious foreskin 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: Beady-eyed Startling Antidepressant Drug 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: Self-centered supple boltzmann 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: know-it-all umber dragon kitty 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: Beady-eyed Startling Antidepressant Drug 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: know-it-all umber dragon kitty would you hire me as an associate? (http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47442881) |
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Date: February 27th, 2024 9:23 AM Author: Beady-eyed Startling Antidepressant Drug yeah man, we could discuss EDCs all day and.... wait nevermind (http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47442970) |
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Date: February 27th, 2024 10:20 AM Author: know-it-all umber dragon kitty 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: Beady-eyed Startling Antidepressant Drug what (http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443377) |
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Date: February 27th, 2024 11:26 AM Author: know-it-all umber dragon kitty 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) |
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Date: February 27th, 2024 11:31 AM Author: Beady-eyed Startling Antidepressant Drug 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) |
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Date: February 27th, 2024 11:41 AM Author: know-it-all umber dragon kitty 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: Beady-eyed Startling Antidepressant Drug 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: Trip Skinny Woman 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 |
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Date: February 27th, 2024 1:12 PM Author: carnelian big-titted library sound barrier 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: swashbuckling hospital 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. |
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Date: February 27th, 2024 10:19 AM Author: vibrant locale 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: Trip Skinny Woman 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: carnelian big-titted library sound barrier 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: glittery yarmulke 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. |
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Date: February 27th, 2024 2:16 PM Author: Wonderful Bbw 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: Smoky Area (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: carnelian big-titted library sound barrier (http://www.autoadmit.com/thread.php?thread_id=5496464&forum_id=2#47443840) |