Bail Bond Confessions Blog

Milestone!

March 23, 2010
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So I’ve hit my next milestone.  I had a $30k bond this past weekend, which is a story in and of itself.  But on the bigger picture, at least on paper, I’ve become profitable.  I’m still not in a position to pay myself, but if you subtract all my liabilities from all of my assets (ignoring the concept of my current clients full bond amounts being liabilities) and you are left with a little bit of lucre.

If things can continue to progress, I might be able to cut myself a paycheck this summer.  Then again, I had a very painful slump from Dec. 1-Feb 1, so its possible that this is just regression to the mean, so I’m not ready to cut a check just yet.

-bbc


Busy yet not busy

October 22, 2009
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My attorney initiative has been paying off…sort of.  I have as many as 4 different potential clients that are all attorney referrals.  Except that for one reason or another, none of them have turned into cash business for me yet.  One case, the family doesn’t have $$$ for the fee.  In other cases, they are either pending and/or likely to get a PR bond.

I have one today where I’m driving to an adjoining county to be on hand in a Simple Assault charge.  I don’t see how the judge wouldn’t give her a PR bond since she is very low risk, but you never know.  So I’m going to go out there “on spec” and be available if the attorney and client need me.  I suppose it is as good of a use of my time as any right now.

I’ve greatly curtailed the PAYTEL calls, which will have a decent effect on my bottom line if I can develop this non-PAYTEL related business into $$$.  I also realized that though the busiest time of year is coming up AND I will have a baby, I still need to carve out some time in December to analyze my projected budget vs. actual and create a new budget for 2010. Fun times.

Meanwhile, I’ve been fighting with Quickbooks 2010 and I think I’ve got it 90-95% setup the way my accountant wants.  I’ll need him to advise me on a few things, but hopefully that won’t be too expensive.

I’m also going to be setup for credit cards by the end of next week!

-bbc


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