Your Profitable Law Firm

Welcome back, new episode, and I wanted to change things up a bit. We are now on episode 32, and up until now, it's always been me, and I've not had a guest. And, there's no particular reason for it, just, I think primarily because I've had a lot to say. And didn't really reach out to schedule a guest because I didn't have a topic that I thought was something that I would b...

The history of music's impact on human behavior is a testament to its enduring power. Music has served as a source of inspiration, reflection, and transformation, influencing individuals and societies in profound ways throughout history and continuing to do so in the modern age. So, today, I want to dive into the music that inspires us, motivates us, and lifts our spirits.  Here are the links...

Ever thought about taking a little trip by yourself to dream big and plan for the future? If not, you're missing out! Stick around, and I'll tell you all about why these trips are amazing for me and how you can do one too.  Here’s a link to the spreadsheet I refer to in response to the listener’s question of the week. You can grab your copy  HERE . Be sure to follow and subscribe to get no...

Let’s simplify nine important financial terms commonly used by CPAs and bookkeepers. These terms often sound like a foreign language to business owners.  Be sure to follow and subscribe to get notifications for future episodes! ✉️ EMAIL:  podcast@ProfitScaleThrive.com 📞CALL: (234) 207-5772 💻 VISIT:  ProfitScaleThrive.com #entrepreneur #soloattorney #singleparent #attorney #lawyer #sololawfirmown...

Let’s talk about how Profit First works for me in my business – and how it can work for you too! It's the end of a calendar quarter, and I will explain the changes I need to make to my allocation percentages. I also celebrate my profit distribution and share how I used the funds for a special vacation and some personal purchases.  Additionally, I discuss my recent business deposits and allocat...

Today, I want to talk about the importance of Profit First in growing your firm. I recently had some interesting discussions about how Profit First helps with cash management and profitability. I'll explain why these two factors are crucial for the growth of your business.  By understanding and implementing Profit First, you'll have a solid foundation to scale your business and thrive. Be...

Today I will be revisiting the concept of Profit First and sharing some insights that I haven't discussed before. I will be explaining how I manage my bank accounts and allocate funds using a spreadsheet. Throughout the episode, I will show the calculations and percentages I use to distribute my income. By the end, you will have a better understanding of how Profit First can help you gain cont...

Today we’ll discuss the importance of segregation of duties in every business, regardless of size. I will explain how it helps prevent fraud, ensures accuracy and reliability of financial records, improves operational efficiency, increases accountability, and mitigates risk. I also highlight real-life examples of embezzlement cases in law firms to emphasize the need for proper controls. To adopt s...

Let’s talk about the importance of having the right money mindset and charging what you're worth as a business owner. I share my personal experience of starting my own business and the mistakes I made by undercharging. Why it's crucial to charge profitable rates, such as attracting the right clients, covering overhead expenses, and achieving financial security. I also highlight the detrime...

Do you have a game plan for posting your content? Leveraging from last week’s episode about how to repurpose one piece of content 20 ways, let’s create a plan on how to use the content.  It's like having a favorite recipe. If you know exactly what and when to post, things become super easy.  For those interested in the template I mentioned in response to the listener’s question of the week, yo...

Today we're diving deep into the transformative power of blogging for your firm. Ever wondered how a simple blog post can skyrocket your brand's visibility, foster a loyal community, and drive sales? Join us as we unravel the compelling reasons every firm, big or small, should be harnessing the magic of blogging. Whether you're a seasoned entrepreneur or just starting out, this episode...

Let’s talk about the importance of employee benefits for small business owners. We’ll talk about why employee benefits matter to you as the employer as much as to your employees.  And, we will discuss nearly 40 employee benefits - at least half of them are free or low-cost - for you to consider providing to your employees. And, for listeners of my podcast, you have an opportunity to get a copy of...

Do you track key performance indicators (KPIs) for your firm? Today, I will discuss the importance of starting simple and gradually evolving your tracking methods using tools like Google Forms and Google Sheets. Reviewing your KPIs regularly will help you to make informed decisions and improve overall firm performance.  And, for listeners of my podcast, you have an opportunity to get a copy of my...

Whether you are thinking of hanging your shingle or you have been running your law firm for a few years, today we will talk about the 5 challenges I hear most from my clients about running their practice. I offer up multiple ways you can overcome these challenges so you can thrive in your business and in your life. And, for listeners of my podcast, you have an opportunity to get a copy of my newly...

Let’s explore how you can use ChatGPT in your firm. Specifically for marketing. You can get your copy of my top 8 amazing prompts  here  to define your perfect client AND where to find them! And, for listeners of my podcast, you have an opportunity to get a copy of my newly published book for free!  “Stop Struggling and Start Thriving A Guide To Transform Your Law Firm” 👇 Click the link to downlo...

In this episode, we will be talking about two less common ways to grow your law firm.  And, for listeners of my podcast, you have an opportunity to get a copy of my newly published book for free!  “Stop Struggling and Start Thriving A Guide To Transform Your Law Firm” 🔵 Feeling overwhelmed by the challenges of running your law firm? 💼 Tired of seeing your hard work not reflect in your bank balan...

In this episode, we will be discussing the importance of technology in the growth of your law firm.  We'll cover how technology can streamline workflows, improve efficiency, and enhance productivity by automating repetitive and time-consuming tasks.  We'll also talk about how technology can provide a significant competitive advantage, better collaboration and communication within your firm...

Today we will discuss Chapter 11 of the book Profit First by Mike Michalowicz. This final chapter is all about how to avoid the biggest reason why Profit First falls apart for someone: doing it alone. We will talk about the benefits of having an accountability partner and common mistakes to avoid when implementing Profit First, such as going it alone, cutting costs too much, and reinvesting profit...

Now that we have Profit First up and running in our business, we have two things to talk about: budgeting and financial freedom. Imagine not needing to create, maintain or review a budget? It’s possible! And consider using Profit First (AKA cash stuffing) in your personal finances. You will trim the fat from your lifestyle and zero in on what’s most important to you and find fun and creative solut...

After you have implemented Profit First for at least 6 months, you may be ready for additional customization. Today we will talk about how to take your business to the next level!  Profit First is not only about managing expenses. We need to manage income too! As mentioned in today’s episode, grab your copy of my free “Billing Profitably Calculator” now to calculate the minimum hourly rate you nee...

Let’s talk about why more sales is not always a good thing, why you need to fire bad clients and Pareto’s Principle. Also, in episode 11, I offered my digital course for the Debt Freeze exercise discussed in episode 11 that can be purchased by clicking on this  LINK . It was such a popular offer that I am extending the offer! The first 20 people who click on the link will get the course for FREE!...

Today we are eliminating business debt, how the Savannah Bananas use Profit First, and the Debt Snowball method! My digital course for the Debt Freeze exercise discussed in today’s episode can be purchased by clicking on this  LINK . The first 20 people who click on the link will get the course for FREE! Be sure to follow and subscribe to get notifications for future episodes! ✉️ EMAIL:  podcast@P...

If you have not read the book “Profit First” written by Mike Michalowicz, today is your lucky day! This episode is the 6th installment of a series that dives into the book chapter by chapter. Be sure to follow and subscribe to get notifications for future episodes! ✉️ EMAIL:  podcast@ProfitScaleThrive.com 📞CALL: (234) 207-5772 💻 VISIT:  www. ProfitScaleThrive.com #entrepreneur #soloattorney #sin...

If you have not read the book “Profit First” written by Mike Michalowicz, today is your lucky day! This episode is the 5th installment of a series that dives into the book chapter by chapter. Be sure to follow and subscribe to get notifications for future episodes! ✉️ EMAIL:  podcast@ProfitScaleThrive.com 📞CALL: (234) 207-5772 💻 VISIT:  www. ProfitScaleThrive.com #entrepreneur #soloattorney #sin...

If you have not read the book “Profit First” written by Mike Michalowicz, today is your lucky day! This episode is the 4th installment of a series that dives into the book chapter by chapter. This is the link to the Excel file for the Instant Assessment referred to in this podcast:  CLICK HERE Be sure to follow and subscribe to get notifications for future episodes! ✉️ EMAIL:  podcast@ProfitScaleT...