It's not uncommon for small law firm owners and solo practices to struggle with cash flow and bills. Expenses for running a law firm are often high and unpredictable. Incoming cash flow can be irregular. So how can business owners achieve financial freedom?
Darren Wurz, Founder of The Lawyer Millionaire Founders Network, sits down with LAWsome co-hosts Tanner Jones and Matt Smyers to share tips and tricks about law firm finances. They discuss why maximizing profit is just as important as growing your revenue. One of Darren's philosophies is to treat savings like you are paying a bill. Non-negotiable.
Tune in to find out how to stay ahead of the cycle.
You can connect with him on his websites here -
Lawyer Millionaire Founders Network:
https://www.lawyermillionaire.com/
Wurz Financial Services:
https://wurzfinancialservices.com/
His Podcast:
https://the-lawyer-millionaire.blubrry.net/
His Book:
https://www.amazon.com/Lawyer-Millionaire-Maximizing-Minimizing-Confidence/dp/1639051473
TLDR: In this episode, you will learn how to
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Pay yourself first to build financial stability.
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Plan for cash flow gaps with forecasting and reserves.
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Treat savings like a monthly bill.
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