Profit with Law: Profitable Law Firm Growth

Send us a textShownotes can be found at https://www.profitwithlaw.com/377.Anyone can start a business or law firm. Creating success is the real challenge. But success means different things to different people. For some, it's nothing more than the bottom line. Others want to leave a lasting legacy of financial success, such as generational wealth, a stable business, or a contribution to the community — ultimately, you define your goal. However, reaching that goal can come down to a formula.In this episode, Michael Smikun joins us to talk about creating success for the business side of your firm while continuously creating value and building a lasting legacy. He shares the formula he used to get financial, time, and impact freedom.  If you want to bring success and leave a lasting legacy through your business, then this episode is for you.00:00 Introduction5:55 Michael’s Background10:13 The Three Circles of the Law Firm Growth Formula19:33 Michael Smikun’s Formula for a Successful, Lasting Legacy28:24 Unlocking and Achieving Business Success for Your Law Firm34:49 A Lasting Legacy of Client Relationships 40:17 Michael’s Advice for Lawyers & Entrepreneurs Resources mentioned:Check out the new Profit with Law YouTube channel!Want to implement what you’ve learnt in this episode? Download the Action Guide, a workbook designed to help you process and implement the knowledge gained from this interview.Learn more about the Profit with Law Elite Coaching Program here. Connect with Michael: Email | LinkedInJoin Michael’s weekly Unblinded shared experience.Living Forward by Michael Hyatt and Daniel HarkavyJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/376.Student debt can be a significant financial burden for many people, but it is a challenge that can be overcome with the right strategies and mindset. One effective strategy is to create a budget and pay off high-interest loans first while exploring options for loan forgiveness or refinancing. Additionally, seeking resources and support from student loan specialists can provide valuable guidance and assistance in managing student debt.In this episode, Christie Arkovich joins us to share some valuable tips on how to pay off your student debt, including applying for an IDR waiver, the benefits of paying more than the minimum payment, refinancing your loans, and looking into forgiveness programs. If you've been struggling with student debt for years — or know someone who has, this episode is for you. You can pay off your debts — you just need the right strategy.00:00 Introduction4:24 Christie’s Background12:41 What You Can Do to Pay Off Your Student Loan18:25 Don’t Wait for the Deadline Before You Pay Off Your Debts21:12 New Repay vs. Old Repay25:57 How Public Service Can Grant Forgiveness29:01 Helping Clients with Student Loans Pay Off DebtResources mentioned:Check out the new Profit with Law YouTube channel!Want to implement what you’ve learnt in this episode? Download the Action Guide, a workbook designed to help you process and implement the knowledge gained from this interview.Learn more about the Profit with Law Elite Coaching Program here. Connect with Christie:  Website | LinkedIn | Facebook | YoutubeFederal Student Aid is the largest provider of financial aid for college in the U.S. Understand aid, apply for aid, and manage your student loans today. https://studentaid.gov/Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/375.Technology has made many things in the world much easier. Today, almost everyone everywhere uses technology to access information, make processes smoother, and solve problems. Over the years, various industries have adopted tech solutions for data analysis, customer management, and much more. The legal industry has taken its time, but it’s catching up with the early adopters. With the right tools, life can be easier and lawyers can improve the way they run their firms.Bim Dave has worked in legal technology for over 20 years. In this episode, Bim joins us to talk about how you can benefit from technology in the best way possible. He shares how he and his company, Helm360, provide creative technology solutions that firms can implement to solve unique problems. Bim shows law firms that there is no need to fear technology. Instead, it is something to be embraced and used to improve lives.If you have a problem you’re struggling with, what you might need is a technology solution. Don’t miss this episode to learn more!00:00 Introduction3:08 Bim and Helm3607:48 The Problems That Need Solutions11:40 Who Can Benefit from These Technology Solutions?16:44 Improving Solutions20:42 Predicting the Future with Technology26:44 The Cost of Technology Solutions28:56 Bim’s Final Advice31:32 Staying Profitable through TechnologyResources mentioned:Want to implement what you’ve learnt in this episode? Download the Action Guide, a workbook designed to help you process and implement the knowledge gained from this interview.Learn more about the Profit with Law Elite Coaching Program here.  Connect with Bim Dave: LinkedInFind out more about what Helm360 can do and contact them.Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/374.It's impossible to understate the impact a law firm website can have on your revenue. Good website design can draw in your clients — but a badly-made one will push them away. However, not everyone knows how to put a good law firm website together.In this episode, Brendan Ruane joins us to discuss the basics of website design and content creation. He talks about the main components your law firm website should have. He also emphasizes why your website's design and content go hand in hand. Brendan then lets us know the best practices to optimize your website's pages for better ranking and user experience.If you want to revamp your firm's website into a functional yet engaging one, this episode will help you start.00:00 Introduction4:17 Top Design Errors in a Law Firm Website11:11 Designing Your Homepage14:44 Tips on How to Incorporate Photos on Your Law Firm Website20:21 The Importance of Color23:03 Setting the Mood of your Law Firm Website28:20 Main Components Every Site Should Have34:27 Utilizing Sub-Pages38:54 The Essence of the Website42:24 Highlighting Your Geography and Practice Area48:18 Brendan’s Parting Piece of AdviceResources mentioned:Want to implement what you’ve learnt in this episode? Download the Action Guide, a workbook designed to help you process and implement the knowledge gained from this interview.Learn more about the Profit with Law Elite Coaching Program here.  Episode 332 - A Beginner's Guide to Boost Your Social Engagement with Brendan RuaneConnect with Brendan Ruane: Email | Facebook | LinkedIn | Phone: (203) 302-9986Light Switch AdvisorsBacklinkoCopyscapeChatGPTJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/373.Most professionals, like lawyers, are high-functioning, head-focused people. You'll find them confident with their knowledge and intellect in their expertise. However, as we know, there are different stages in the professional world where we have to perform. Even the pros can experience stage fright — like when making a pitch. To overcome it and maintain a sense of calm, you'd have to engage in deep internal work.In this episode, high-performance coach and founder of Courageous Artistry, Ingela Onstad, joins us to discuss being calm and finding our confidence. She demonstrates practical techniques for achieving  calmness , such as journaling, introspection, or simply recognizing the emotional experiences in our bodies. She shares strategies and exercises in the three essential cognitive, physical, and emotional aspects. Ingela affirms that becoming an effective professional comes down to a holistic process.This episode will help you become a confident, effective professional who stands out.00:00 Introduction1:56 Ingela’s Background4:47 Becoming a High-Performance Coach11:16 Why We Lose the Ability to be Confident When Pitching15:08 Where to Start in Getting Past the Fear of Selling17:22 #1: Examine the Cognitive Aspect27:52 Scarcity and Survival29:27 #2: Physical Strategies on How to Be Calm 41:33 #3: Approach the Emotional Aspect47:37 Becoming an Effective Leader50:21 Ingela’s Parting Piece of WisdomResources mentioned:Want to implement what you’ve learnt in this episode? Download the Action Guide, a workbook designed to help you process and implement the knowledge gained from this interview.Learn more about the Profit with Law Elite Coaching Program here. Connect with Ingela Onstad: Website | Facebook | Instagram | LinkedInJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/372.Leaving your corporate job and starting your own business might seem like a big challenge. In truth, it's also a huge opportunity. However, starting a business takes time to create wealth. It's a journey filled with setbacks and failures you inevitably must face and overcome. The key is to take risks with a plan and strategy in mind. Your business' profitability margin will only grow if you put something into it.In this episode, Sam Varner, founder of SHE Collective Biz, joins us to discuss the common mistakes new business owners make that hurt their long-term profitability margin. She sheds light on many starting entrepreneurs' misconceptions and shares some tips for resolving them. Sam also introduces the CRUSH formula to building a profitable business.If you’re an aspiring business owner looking to really move the needle on your profitability margin, this episode is for you.00:00 Introduction2:55 How Sam Became a Profit Coach8:06 On Revenue Numbers10:10 The Main Challenge Surrounding the Profitability Margin11:53 Why Do Business Owners Overspend16:35 Business ≠ Getting Rich Quick20:56 The Reluctance to Bring in Help30:11 Taking the Next Step When You Don’t Feel Ready37:59 CRUSH Formula42:54 Sam’s Parting Piece of AdviceResources mentioned:Want to implement what you’ve learnt in this episode? Download the Action Guide, a workbook designed to help you process and implement the knowledge gained from this interview.Learn more about the Profit with Law Elite Coaching Program here. Connect with Sam Varner: Website She Needs Grit Podcast: Audible | Apple | SpotifyProfit First by Mike MichalowiczThe E-Myth Revisited by Michael GerberJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/371 Achieving law firm success can sometimes feel like an elusive dream. It's easy to get lost in the numbers and KPIs. Here's the thing, those are important metrics, but you may be overlooking some of the most crucial pillars of your firm — your people. People aren't numbers. You might hire incredible employees, but what are you doing to make them stay and grow? In this episode, Craig Goldenfarb joins Moshe Amsel and is back to talk about workplace culture. He shares the four pillars of good workplace culture and how any law firm, big or small, can start to change. He shares insights and ideas on company events, programs, and even incentives. Get inspired by the workplace culture Craig has created and recreate it for your law firm. Remember, if your workplace is a place people want to work in, employees are naturally more productive and creative.  If you struggle with high turnover rates, a lack of innovation and initiative, and unengaged employees. In that case, it may be time to learn about the pillars of effective workplace culture.00:00 Introduction4:46 How Culture Creates Law Firm Success8:31 How to Inspire Others15:04 Four Pillars to Creating a Good Work Culture22:18 Keeping Employees Engaged26:29 Why You Should Start Building These Pillars Today34:29 Improve Employee Initiative39:16 The Importance of Empowerment and Work Stability42:30 Create Structure, Organization, and Clarity44:32 Remember to Encourage Employees53:38 Craig's AdviceResources mentioned:Want to implement what you’ve learnt in this episode? Download the Action Guide, a workbook designed to help you process and implement the knowledge gained from this interview.Learn more about the Profit with Law Elite Coaching Program here.  Profit with Law Podcast Episode 291: Building the 7-Figure Attorney Mindset and Reality with Craig Goldenfarb Connect with Craig: LinkedIn 7 Figure Attorney Summit: Website I Register Now The Dream Manager ProgramHarvard Business Review: Being Happy at Work Matters Traction: Get a Grip on Your Business by Gino WickmanStart with Why by Simon SinekThe 5 Languages of Appreciation in the Workplace: Empowering Organizations by Encouraging People by Gary ChapmanRE:Think Innovation by Carla Johnson Trust and Inspire by Stephen Covey

Send us a textShownotes can be found at https://www.profitwithlaw.com/371A.Are you spending all of your time working IN your business with little to no time to work ON it?Is your VALUE dependent on your EFFORT & TIME (which you never have enough of), and as a result, “working harder” and “working longer” is your only strategy?Maybe you've thought about hiring and delegating more, but building a team is tough. And today, with all of the hats that business owners need to juggle just to stay above water, it’s hard to get all of your work done—let alone hire & train others!Especially when you’ve been BURNED or GHOSTED before by a teammate!And if you’re like most of the entrepreneurs out there, then you probably feel frustrated, deflated, and anxious about the idea of delegating and building a team. Chances are—as much as you want more work/life balance—you’re already feeling like managing people is hard work, and you’re wondering if it’s easier to stay solo, hold onto all the work, and maybe hire an expensive “integrator” or business manager to handle all the people stuff for you. Right?Don’t be ashamed. It’s not your fault. And you are FAR from alone!Join Moshe and Joey in this amazing conversation around everything team building, culture and business mindset shifts to fully step into the Supercharged CEO you know you TRULY ARE!Resources mentioned:Want to implement what you’ve learnt in this episode? Download the Action Guide, a workbook designed to help you process and implement the knowledge gained from this interview.FREE TRAINING: Delegate Your Way to Stress Free Scaling - stressfreescaling.netEpisode 43 - Clients Will Rave About You If... - profitwithlaw.com/043Get $750 off your new staffer at Get Staffed Up -  profitwithlaw.com/getstaffedupWant to Learn More about our Elite Law Firm Expansion Program? - profitwithlaw.com/eliteSubscribe to our YouTube Channel - profitwithlaw.com/youtubeJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/370.Whether you’re just starting a law firm or have many years of building one up, most of us never think about selling the firm we’ve built. If you’ve never thought about it before, now is the best time to start. Remember: putting this off can be tricky. When you’re desperate to sell, you’ll accept any price, devaluing the effort and years you’ve put into the firm. The solution? Plan with the end in mind, even if you think you’ll never sell your business.In this episode, Victoria Collier joins Moshe Amsel to share her insights on the value of having an exit plan. It’s not just about selling — it’s about creating a valuable law firm. Victoria also shares the ins and outs typical of a law firm purchase or sale. We never know when we’ll need to sell our law firm, and whether or not it happens, planning for it is important. If you want to build a more valuable law firm and learn about exit strategies, then this episode is for you.00:00 Introduction3:08 Introducing Victoria8:12 Lessons Learned on Leveraging Tech10:53 How a Law Firm Gets Sold16:20 How are Law Firms Valued?21:43 Think Like a Business Owner, Not a Lawyer25:12 The Investors’ Perspective28:36 Victoria’s Tips on Selling a Law FirmResources mentioned:Want to implement what you’ve learnt in this episode? Download the Action Guide, a workbook designed to help you process and implement the knowledge gained from this interview.Learn more about the Profit with Law Elite Coaching Program here.  Connect with Victoria: FacebookQuid Pro Quo LawSmart Lawyers Position to Transition podcastArt of Buying and Selling Law Firms Facebook groupClockwork: Design Your Business to Run Itselfby Mike MichalowiczJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/369.As a law firm owner, you’re always looking to stand out from the competition and attract more clients—but how can you make your business shine?Customer feedback is one of the most powerful tools in your arsenal, enabling you to showcase what makes your services so special. Especially in today’s digital world, reviews are essential in demonstrating the quality of legal service that a firm provides.In this episode, Curtis Davey joins uMoshe Amsel to share his tips on how to leverage customer reviews for maximum impact and help boost your law firm’s reputation! From understanding why customer feedback matters to learning about ways to ask and respond authentically, get ready for an inside look at how to make sure every interaction helps further grow your firm.If you want to learn more about how customer feedback is a powerful method to attract new clientele and improve your service, then this episode is for you.Resources mentioned:Want to implement what you’ve learnt in this episode? Download the Action Guide, a workbook designed to help you process and implement the knowledge gained from this interview.Episode 334 — Grow Your Law Firm through Intentional and Strategic Marketing with Cassidy LewisConnect with Curtis: LinkedInNiceJob IncClioJoin our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/