ProfitScaleThrive.com
https://www.youtube.com/@profit.scale.thrive
#LawFirmGrowth #LegalFinance #BusinessOfLaw
⚠️ Disclaimer: This is SATIRE! Please don't actually follow any of this advice. Your CPA and the IRS will not be amused.
#AccountingHumor #CPALife #Accounting #BookkeepingHumor #BusinessHumor #CPAProblems #AccountantLife
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⚠️ Disclaimer: This is SATIRE! Please don't actually follow any of this advice. Your CPA and the IRS will not be amused.
#AccountingHumor #CPALife #Accounting #BookkeepingHumor #BusinessHumor #CPAProblems #AccountantLife
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Music: Higher To The Sky
Music: Higher To The Sky
Key takeaway: Running a law firm can be lonely. As the owner, all the big choices fall on your shoulders. A board gives you a team of smart people to talk through tough decisions. You don't have to
Key takeaway: Running a law firm can be lonely. As the owner, all the big choices fall on your shoulders. A board gives you a team of smart people to talk through tough decisions. You don't have to
⚠️ Disclaimer: This is SATIRE! Please don't actually follow any of this advice. Your CPA and the IRS will not be amused.
#AccountingHumor #CPALife #Accounting #BookkeepingHumor #BusinessHumor #CPAProblems #AccountantLife
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⚠️ Disclaimer: This is SATIRE! Please don't actually follow any of this advice. Your CPA and the IRS will not be amused.
#AccountingHumor #CPALife #Accounting #BookkeepingHumor #BusinessHumor #CPAProblems #AccountantLife
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When we dug deeper, we found:
💡 He was making all decisions alone
💡 He kept saying yes to unprofitable cases
💡 He had no strategy for growth
💡 He was afraid to raise his rates
When we dug deeper, we found:
💡 He was making all decisions alone
💡 He kept saying yes to unprofitable cases
💡 He had no strategy for growth
💡 He was afraid to raise his rates
✅ Why small law firms need outside perspective
✅ Who should be on your board (and who shouldn't)
✅ How to run effective board meetings that drive results
✅ Why small law firms need outside perspective
✅ Who should be on your board (and who shouldn't)
✅ How to run effective board meetings that drive results
A good board expands your network. Each board member comes with their own connections to potential clients, partners, and resources.
A good board expands your network. Each board member comes with their own connections to potential clients, partners, and resources.
In "The Emperor's New Clothes," everyone pretends to see magnificent garments until an innocent child points out the obvious truth. Similarly, law firms sometimes maintain financial illusions that nobody dares to
In "The Emperor's New Clothes," everyone pretends to see magnificent garments until an innocent child points out the obvious truth. Similarly, law firms sometimes maintain financial illusions that nobody dares to
📊 A) None - I make all decisions myself
📊 B) 1-2 informal advisors
📊 C) 3+ advisors or a formal board
Let me know your approach below!
#LawFirmManagement #BoardOfDirectors #PodcastClip
📊 A) None - I make all decisions myself
📊 B) 1-2 informal advisors
📊 C) 3+ advisors or a formal board
Let me know your approach below!
#LawFirmManagement #BoardOfDirectors #PodcastClip
Music: More Power
Music: More Power
After creating 100 episodes of the Your Profitable Law Firm podcast, one truth stands clear:
Running a successful law firm takes more than legal expertise. It requires financial mastery, strategic planning, and data-driven decision making.
The most successful
After creating 100 episodes of the Your Profitable Law Firm podcast, one truth stands clear:
Running a successful law firm takes more than legal expertise. It requires financial mastery, strategic planning, and data-driven decision making.
The most successful
This week, I've been sharing insights from our 100th podcast episode. Here are three financial management tips you can implement immediately:
✅ Track your firm's revenue and expenses monthly (not just at tax time!)
✅ Differentiate between
This week, I've been sharing insights from our 100th podcast episode. Here are three financial management tips you can implement immediately:
✅ Track your firm's revenue and expenses monthly (not just at tax time!)
✅ Differentiate between
⚠️ Disclaimer: This is SATIRE! Please don't actually follow any of this advice. Your CPA and the IRS will not be amused.
#AccountingHumor #CPALife #Accounting #BookkeepingHumor #BusinessHumor #CPAProblems #AccountantLife
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⚠️ Disclaimer: This is SATIRE! Please don't actually follow any of this advice. Your CPA and the IRS will not be amused.
#AccountingHumor #CPALife #Accounting #BookkeepingHumor #BusinessHumor #CPAProblems #AccountantLife
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We implemented three changes:
💡 Clear fee expectations in engagement letters/retainer agreements
💡 Detailed, itemized invoices that explained the
We implemented three changes:
💡 Clear fee expectations in engagement letters/retainer agreements
💡 Detailed, itemized invoices that explained the
We're celebrating our 100th podcast episode with a comprehensive guide to law firm profitability!
In this milestone episode, I share 100 actionable tips across 10 essential categories:
🔓 Financial management
🔓 Client relations
We're celebrating our 100th podcast episode with a comprehensive guide to law firm profitability!
In this milestone episode, I share 100 actionable tips across 10 essential categories:
🔓 Financial management
🔓 Client relations
📊 A) Weekly
📊 B) Monthly
📊 C) Quarterly
📊 D) Only when there's a problem
Understanding your numbers is the first step to improving them! Share your approach below.
#LawFirmFinance #FinancialManagement #ProfitableLawFirm
📊 A) Weekly
📊 B) Monthly
📊 C) Quarterly
📊 D) Only when there's a problem
Understanding your numbers is the first step to improving them! Share your approach below.
#LawFirmFinance #FinancialManagement #ProfitableLawFirm
✅ Set clear expectations about fees and billing from the very beginning
✅ Break down invoices into understandable segments for clients
✅ Send invoices
✅ Set clear expectations about fees and billing from the very beginning
✅ Break down invoices into understandable segments for clients
✅ Send invoices
Music: Driving My Car
Music: Driving My Car
This week's key message: "When you understand where your profit goes, you can make intentional decisions about where it SHOULD go."
Ready to take command
This week's key message: "When you understand where your profit goes, you can make intentional decisions about where it SHOULD go."
Ready to take command
Here are three practical actions to take immediately:
✅ Schedule monthly reviews of ALL financial statements (P&L, Balance Sheet, AND Cash Flow)
✅ Before taking owner distributions, check
Here are three practical actions to take immediately:
✅ Schedule monthly reviews of ALL financial statements (P&L, Balance Sheet, AND Cash Flow)
✅ Before taking owner distributions, check
When we reviewed her financials, we found:
💰 She'd taken $150K in owner distributions
💰 Paid down $50K in student loans
💰 Bought $30K in office furniture and equipment
💰 Had
When we reviewed her financials, we found:
💰 She'd taken $150K in owner distributions
💰 Paid down $50K in student loans
💰 Bought $30K in office furniture and equipment
💰 Had
⚠️ Disclaimer: This is SATIRE! Please don't actually follow any of this advice. Your CPA and the IRS will not be amused.
#AccountingHumor #CPALife #Accounting #BookkeepingHumor #BusinessHumor #CPAProblems #AccountantLife
Like and subscribe for more accounting shenanigans!
⚠️ Disclaimer: This is SATIRE! Please don't actually follow any of this advice. Your CPA and the IRS will not be amused.
#AccountingHumor #CPALife #Accounting #BookkeepingHumor #BusinessHumor #CPAProblems #AccountantLife
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✅ Why profit doesn't equal cash in the bank
✅ How to read your P&L, Balance Sheet, and Cash Flow statements
✅ Where your
✅ Why profit doesn't equal cash in the bank
✅ How to read your P&L, Balance Sheet, and Cash Flow statements
✅ Where your
Sound familiar? In this week's podcast, I explain where your law firm's profit actually goes and why it doesn't always equal cash in the bank.
⭐ The mystery of disappearing profit
⭐ Understanding the three
Sound familiar? In this week's podcast, I explain where your law firm's profit actually goes and why it doesn't always equal cash in the bank.
⭐ The mystery of disappearing profit
⭐ Understanding the three