Joining us again for part two of our conversation on revenue vs. profit is Moshe Amsel. If you missed last week’s episode, Moshe is the host of the Profit With Law Podcast, a certified Profit First Professional, and the founder of the Law Firm Growth Summit. On top of his financial expertise, he is a paramedic and a dad of six.
In our conversation with him last week, we dove into Profit First and “Finance 101 for Law Firms.” Moshe went into so much detail in that episode and really set the foundation for understanding revenue and profit. This week, we’re moving right on and talking about benchmarks and business models.
As you all know, when we talk about finances, it’s because we want something. We don’t want more money or anything that money can buy. Instead, we want quality time to do the things we want to do in our lives. You have the ability to create that for yourself. Tune in to get started right now!
- Why having rest cycles in your business is so important.
- Revenue and expense benchmarks to aim for in your law firm.
- The five main expense areas.
- What percentage of your revenue should be going to each expense category.
- Why you need to evaluate your business model.
- The danger of comparison.
- How to choose the right business model for your firm and adjust your benchmarks accordingly.
- The two mindsets people have on growth.
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Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
1. Download your free Benchmarks, Profit First Cheat Sheet, Profit Calculator: https://www.profitwithlaw.com/profitfirst
2. Read the first 2 chapters of the book “Profit First” by Mike Michalowicz for free
3. Sign up for Moshe’s Training, “The 5 Biggest Mistakes that Law Firm Owners Make in the Growth of Their Business” here: https://www.profitwithlaw.com/training