Most law firm owners wait way too long to think about exit planning. But planning your exit isn’t something you do at the end, it’s something you bake into your business from the beginning.
In this episode of Crushing Chaos With Law Firm Mentor, I sat down with Pam Meissner of Cathcap, a company that provides fractional CFO services to law firms.
And let me tell you, this conversation went way beyond balance sheets and spreadsheets. Pam shares deep insights on how to build a law firm that’s not just profitable, but actually sellable.
We talk about how to create enterprise goodwill, why your firm should function without you, and how systems, structure, and mindset all contribute to the value of your business. We also dive into money psychology, including how the way you grew up shapes how you run your firm today (spoiler: your financial thermostat was probably set at your childhood dinner table).
Whether you’re years away from exiting or just tired of being the only one holding your business together, this episode is packed with gold that will help you think (and act) like a real CEO.
Tune in now!
Key Takeaways:
Introduction (00:00)
Meet Pam! (00:55)
All about Pam’s book (03:15)
The major shifts before an exit (07:40)
Leading vs lagging indicators (11:30)
Let’s talk about your financial thermostat (16:01)
Why you need to start investing in systems and processes (22:47)
Additional Resources:
✨ Learn more about Cathcap:
Website: https://cathcap.com/
LinkedIn: https://www.linkedin.com/company/cathcap/
Facebook: https://www.facebook.com/CathcapCFO/
YouTube: https://www.youtube.com/@cathcapCFO
⚡ [Free Training] 5 steps to never stop growing: https://lawfirmmentor.net/go/
⭐ Connect with us on socials:
Follow us on Facebook: https://www.facebook.com/LawFirmMentor/
Follow us on Instagram: https://www.instagram.com/law_firm_mentor/
Follow us on LinkedIn: https://www.linkedin.com/company/law-firm-mentor-llc/
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Crushing Chaos With Law Firm Mentor is a podcast aimed to help lawyers and law firm owners scale their business, make more money, and escape the 60-hour week grind for a life they love. Follow us wherever you get your podcasts so you don’t miss a thing!
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