Transforming Cash Flow with Strategic Billing and Hiring with John Scott and Kip Bilderback
Struggling to maintain consistent cash flow and effective case management in your law firm?
Join Moshe Amsel as he interviews John Scott, partner at Anders CPAs & Advisors, and Kip Bilderback, lawyer and business owner, on the latest episode of the Profit with Law Podcast. Discover the importance of standardizing billing processes, enforcing accountability through incentives, and utilizing tools like QuickBooks for accurate financial management. John and Kip share their insights on dynamic forecasting versus static budgeting, preemptive hiring strategies, and defining your firm's vision for growth. They also discuss practical steps for smaller firms to improve financial stability and the need to document business processes.
Listen now to learn how to turn your firm's financial and operational challenges into opportunities for growth and efficiency!
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Episode Highlights
[00:00] Introduction to John Scott and Kip Bilderback
[04:10] Why Law Firms Struggle: Insights from Fractiona...
Optimizing Profit Margins: Cash Flow Challenges and Solutions with Carla Titus
Are you struggling to keep your law firm profitable as you scale?
Join Moshe Amsel and Carla Titus, founder and CEO of Wealth and Worth Within, as they share expert insights and strategies for improving profitability and cash flow in law firms. Moshe and Carla dive deep into the factors affecting profit margins, the importance of strategic financial planning, and the role of technology and efficiency in scaling your law firm business. They also highlight common pitfalls for law firms, from poor cash flow management to inadequate support teams, and how to solve them.
Listen now to uncover the secrets to achieving higher profitability and sustainable growth for your legal practice!
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Episode Highlights
[00:00] Introduction to Carla Titus
[04:27] Tackling the Biggest Challenges Clients Face
[09:52] Fixing the Cash Flow Crunch: Smart Borrowing and Long-Term Solutions for Business Growth
[24:05] What’s Considered a Healthy Profit Margin?
[32:39] Knowing Your Numbers: Tools and I...
How to Plan Your Retirement and Achieve Financial Independence with Sarah Young
Early retirement and financial independence are the dream for almost anyone, but how do we plan for and achieve them? How much money is needed to retire and be financially independent? Is the income from your law firm enough? If not, how can you get cash flow outside your business?
In this episode, Sarah Young of Young + Co joins us to discuss the value of CFOs in making financial decisions and planning your firm's growth trajectory. She builds on her years of CFO experience and shares tactical ways to increase your cash flow, prepare for retirement, and achieve financial independence!Â
If you want to know how to create cash flow outside your law firm, this episode is for you!Â
Here are three reasons why you should listen to this episode
- Learn how to build the financial plan for your law firm.Â
- Know the importance of diversification and knowing where to put your profits.Â
- Find tactical ways to grow your money and achieve retirement and financial independence!Â
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Author
Moshe Amsel
Author
Moshe Amsel the host of the Profit with Law podcast is not an attorney. As the owner of a successful accounting firm DreamBuilder Financial and Law Firm Growth coaching organization Profit with Law, Moshe has proven that there are better and different ways for a law firm to do business and be successful.
