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Law Firm Growth Podcast
How To Become Financially Bulletproof with Melissa Houston
Ep. 127
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Resource Links:
- Download your free copy of Melissa’s 5-Step Roadmap to Biz Finance Freedom: https://melissahoustoncpa.lpages.co/5-step-biz-finance-roadmap
- Boost your case count and revenue with the Double Your Case Files Masterclass
- Estate planning attorney? Ditch toxic revenue and get better clients with Seminar 3.0
Every decision you make in your business impacts your bottom line, which is your profit.
If you’re making decisions without understanding how you’re impacting your profit (like most people)…
Then you may as well be driving with a blindfold on.
The thing is, if you get in a wreck blindfolded, you don’t know what you hit or how to avoid it.
When you can see clearly, even if you still get in a wreck, you have a CLEAR view of what happened and how to avoid it in the future.
Less of a crystal ball, more of a GPS.
So can we be your law firm’s GPS?
Let’s begin by tuning into this week’s episode.
In this week’s podcast, CPA Melissa Houston joins us to discuss finances within your firm, and how having clear visibility into where all your money is going will set you up for success in the future.
There’s much more to learn in this episode about guiding your firm towards financial prosperity, so tune in now!
In this episode:
- 1:13 - Financial hurdles in small businesses
- 3:39 - When is the right time to start focusing on finances?
- 8:15 - A common accounting problem
- 9:45 - Why you need to understand your business finances
- 10:57 - Common money blockers Melissa sees with people
- 15:35 - Statistic for high-income earners
- 18:45 - Why you need coaching
- 20:57 - The 7 stages of financial literacy
- 24:51 - From sole proprietor to running a business
- 28:01 - When money is tight…
- 30:20 - When to hire a bookkeeper
- 35:56 - How should law firms be thinking about their pricing?
- 38:46 - Untangling your business/personal accounts
- 41:50 - Quick tips
Melissa Houston is a Chartered Professional Accountant (CPA), a Financial Strategist for CEOs, a columnist at Forbes.com, and the host of The Business Society podcast. Melissa helps successful business owners increase their profit margins without having to increase revenue so that they keep more money in their pocket while increasing their personal wealth.
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
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