Profit with Law: Profitable Law Firm Growth

Send us a textShownotes can be found at https://www.profitwithlaw.com/119.   When a law firm owner says “they don’t teach that in law school”, they are referring to operating a business. The most dreaded part of operating a business is the finances.    It does not need to be that way. In this training taken from our Law Firm Growth Incubator membership, Moshe breaks down the most crucial topics in a way that can be clearly understood so that you can confidently operate your business in an efficient and profitable manner.   Here’s what you will learn: The importance of tracking your financials in bookkeeping/accounting software Why you should hire a bookkeeper and not try to do this job yourself How do you interpret the financial data? Is taking on debt good or bad and when should you consider it? The law firm owner's secret nemesis: Taxes Implementing financial processes and why they are so important Resources mentioned:   Law Firm Growth INCUBATOR: https://www.profitwithlaw.com/incubator 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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/118.   The tech industry is evolving and there are ways to automate and serve people in various areas of the law where a computer could do the job that an attorney is doing. Moshe Amsel and Lori Gonzalez dig deep into this issue to uncover the root of the problem with technology in the legal industry. Listen now to learn more about what is causing the gap in technology and automations for law firms. Resources mentioned:   Law Firm Expansion Free Coaching Session: https://www.profitwithlaw.com/freecoaching Get in touch with Lori Gonzalez’s: lori@raynacorp.com - https://raynacorp.com/ - Twitter @RayNaCorp Tracers - https://www.tracers.com/ Smith.ai - https://smith.ai/ Legal zoom - https://www.legalzoom.com/ Lynda - https://www.lynda.com/ Stacksocial - https://stacksocial.com/ Price Benowitz LLP - https://pricebenowitz.com/ BluShark Digital - https://blusharkdigital.com/ Rules for a Flat World by Gillian Hadfield - https://www.profitwithlaw.com/rulesforaflatworldbook Hello Divorce, Erin Levine - https://hellodivorce.com/   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:

Send us a textShownotes can be found at https://www.profitwithlaw.com/117.   Imagine you knew on the 10th of the month that you would not make enough money by the 30th to pay your bills and you could make changes then and avoid the calamity…   What if you could predict with certainty the revenue your firm would generate the next month? What could you do that you have been pushing off? Hire your next employee? Move into a bigger office space? Take home a bigger paycheck?   That is the power and importance of understanding the early indicators in the sales process. The early indicators will let you know you have a problem when there is still time to fix it.   What are early indicators? Tune in to this episode to find out what they are and how to measure and understand them. Resources mentioned: Law Firm Expansion Free Coaching Session: https://www.profitwithlaw.com/freecoaching 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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/116.   Do you struggle with handling the finances in your firm? Do you want a guide for budgeting to help make the most of your revenue? In this episode, you will get insight into how the Profit First system is implemented in a contingency law firm. Brandon Osterbind, co-founder of Osterbind Law, started using Profit First in the third quarter of 2019. Since then he has seen tremendous growth in his firm and shares with us how Profit First has helped him change his mindset and strategies to amplify his profit. Resources mentioned:   Brandon’s website - https://www.osterbindlaw.com/ Insight to Injury Podcast - https://www.osterbindlaw.com/podcast/ Episode 16 - Take Your Profit First - http://profitwithlaw.com/016 Episode 18 - Profit First Step-by-Step -  https://www.profitwithlaw.com/018 Profit First by Mike Michalowicz - https://www.profitwithlaw.com/profitfirstbook Dave Ramsey - https://www.daveramsey.com/ Lawclerk - https://www.lawclerk.legal/ 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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/115.   It’s Tax Day (finally!) in the United States. Moshe shares some reminders about deadlines and changes specifically for this special year.   It’s been 6 months (actually 7) since we released Episode 55 - Legal Industry Predictions for 2020 - and Moshe does a check-in, reviewing each prediction to see how we fared. He also adds some new ones for the second half of 2020. If you would like to know where the industry is headed and get in on the momentum, then you want to listen to this episode all the way to the end! Resources mentioned:   Law Firm Growth Free Coaching Call https://www.profitwithlaw.com/freecoaching Episode 55 - Legal Industry Predictions for 2020 https://www.profitwithlaw.com/055 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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/114.   Do you feel like you have to do all the work for your client? Are you overwhelmed by the lengthy tasks that don’t really need to be done by you? In this episode, Moshe Amsel interviews Kristin Tyler, co-founder of LAWCLERK, and they discuss the solution to this very problem. Kristin enlightens us about the benefits of hiring freelance lawyers and how to utilize them. She shows us how to delegate certain tasks that don’t need to be done specifically by you. This episode can be life-changing in freeing up your time! Resources mentioned:   LAWCLERK - Use code: profitwithlaw20 to get $100 off your first project of $300 or more - lawclerk.legal   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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/113.   Heard of Profit First? It’s a cash management system that is pretty simple. So simple, many people wonder how come they didn’t think of it themselves.    In this episode, Moshe a Certified Profit First Professional explains the system in detail, how it works and the steps to take to implement it. Resources mentioned:   Law Firm Growth Free Coaching Call https://www.profitwithlaw.com/freecoaching   Episode 16 - Take Your Profit First https://www.profitwithlaw.com/016   Profit First by Mike Michalowicz https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making/dp/073521414X/ref=sr_1_1?keywords=Profit+First+by+Mike+Michalowicz&qid=1560796220&s=gateway&sr=8-1   Profit First by Mike Michalowicz Audible version https://www.audible.com/pd/Profit-First-Audiobook/B06X15WX5B   Profit First Cheat Sheet and First Two Chapters of the Book https://www.profitwithlaw.com/profitfirst 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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/112.   In this episode Moshe Amsel interviews Morris Lilienthal. Morris has discovered how to achieve his purpose and do what he loves, while at the same time making his firm top of mind for everyone in the community. Morris has accomplished this by positioning his firm as a community participant, getting involved in the community through non-law related activities. Listen now to see the impact that has had in Morris’s firm and how you can achieve that as well. Resources mentioned:   Join the Law Firm Growth Incubator - https://www.profitwithlaw.com/incubator   The Mo Show Live!: https://themoshow.live/   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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/111   When will you be able to finally start seeing the benefits of owning your own law firm? When will you be able to finally write yourself a big fat check that can go to anything you want? How about today? It all starts with taking your Profit First.   Tune in to Episode 111 where Moshe a Profit First Professional explains how the Profit First system works and why it is the simplest and best cash management solution.   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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/

Send us a textShownotes can be found at https://www.profitwithlaw.com/110.   When people are looking to hire a lawyer, they want someone who is authentic and the go-to lawyer of that practice area. In this insightful interview, Moshe Amsel and Mike Saunders discuss the many ways to build your authority. When you become the authority figure of your practice area, people will gravitate to you because you are familiar and knowledgeable. Listen now to discover the different ways you can become the go-to person for your potential clients.   Resources Mentioned: Law Firm Growth Free Coaching Call - https://www.profitwithlaw.com/freecoaching   Mike Saunders’ Website - https://authoritypositioningcoach.com/   FREE Access to Authority Marketing for Law Firms Book - https://www.profitwithlaw.com/authoritybook   Get your first authority boost single or triple pack ($497/$997) and start positioning yourself for success today - https://www.profitwithlaw.com/authority   Podcast 2 Publish - https://authoritymarketingstrategist.com/podcastpositioning   Bonjoro - https://www.bonjoro.com/   ZMOT (Zero Moment Of Truth) - https://www.thinkwithgoogle.com/marketing-resources/micro-moments/zero-moment-truth/   The Medium is the Massage by Marshall McLuhan - https://www.profitwithlaw.com/themediumisthemassagebook   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.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/