Financial and Budget Planning for Independent Consultants

Slides are available from the panel on “Financial and Budget Planning for Independent Consultants”.  We looked at four different time frames that consultants may plan for:

  1. Managing cash flow on a project basis around the prospect-proposal-SOW-deliver-bill-paid (this may be 3 months to a year)
  2. Having an annual plan for the business
  3. A 3-5 year financial strategic plan for your business
  4. A potential exit plan for the business.

Slides can be viewed at PATCA160512c

Panel Members

Evan Harris –

Evan and his team bring a holistic approach to wealth management and ensure that a client’s financial tactics are in line with their personal, professional, and financial goals. Evan understood the importance of good financial guidance from a young age. Having grown up watching the positive impact his father had on clients, it was only a matter of time until he joined him in the “family business.” As a partner in the Emerging Wealth Division, Evan works with clients who are motivated to maximize their experiences while maintaining financial success by helping ensure that their actions are always in line with their goals. He also specializes in helping consultants throughout the Silicon Valley create and maximize retirement and benefits packages that would typically be provided by an employer. He graduated from UC San Diego with a degree in History and a Minor in Economics and holds a FINRA Series 7 (General Securities Representative) and Series 66 (Uniform Combined State Law) registrations as well as a California Insurance License.

James Lansing, CPC –

Jim has thirty-five (35) years of Managing Consulting experience assisting companies ranging in size from start-up to over a billion dollars in annual revenues, with client employees numbering from 6 to many thousands. Lansing has focused on assisting Client firms experiencing organizational or strategic change decisions (including ownership transition planning), issues of growth, and personnel management issues. Consulting services include business planning, change management, profit and expense control, financial analysis, ownership transition planning, standard procedure documentation, personnel problems resolution, and management training and advice. As principal of San Francisco Management Group (SFMG), a management consulting firm, Jim was featured in INC. Magazine for his contribution to small business growth in San Francisco, highlighted in Tulane Business News and selected for inclusion in Who’s Who in U.S. Executives. Awarded CPC (Certified Professional Consultant) status, he has been a member of PATCA since 1981 and has served as the President of its Board of Directors.

Kaleb Paddock

Kaleb believes in challenging the status quo and thinking differently about what a financial planner should do and be. He loves adding value for his clients by actively listening to them, finding them answers, and proactively holding them accountable to reaching their financial goals. His work at Stanford Investment Group includes hosting a monthly Advisor Roundtable event where colleagues meet to share ideas, learn about topics of interest and network with their peers. Kaleb’s background includes running his own business as a math tutor in Southern California where he attended The Master’s College and earned a degree in Finance. He and his wife live in Mountain View with their one-year old son and can be found jogging along Stevens Creek Trail or at Jersey Mike’s.

Moderator: Sean Murphy, Principal of SKMurphy