How To Become Financially Bulletproof with Melissa Houston

Nov 23, 2021

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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

About Melissa Houston:

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.

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