The Money System

There is a myth in business that managing your expenses means simply cutting costs. On today's episode, I will dispel that myth and teach you how to create a money system for your money coming in and going out so you can continue to grow your business. 

In this episode we discuss:

• How to create a plan for your money to know where it’s coming in and going out.
• Managing your expenses does not mean cutting your expenses.
• The way that you can create financial freedom through your business.
• How important it is to have an effective money managing system.

Allison Bio:

Allison C. Williams, Esq., is the Founder and Owner of the Williams Law Group, LLC, with offices in Short Hills and Freehold, New Jersey. She is a Fellow of the American Academy of Matrimonial Lawyers, is Certified by the Supreme Court of New Jersey as a Matrimonial Law Attorney, and is the first attorney in New Jersey to become Board-Certified by the National Board of Trial Advocacy in the field of Family Law.

Ms. Williams is an accomplished businesswoman. In 2017, the Williams Law Group won the LawFirm500 award, ranking 14th of the fastest-growing law firms in the nation, as Ms. Williams grew the firm by 581% in three years. Ms. Williams won the Silver Stevie Award for Female Entrepreneur of the Year in 2017. In 2018, Ms. Williams was voted as NJBIZ’s Top 50 Women in Business and was designated one of the Top 25 Leading Women Entrepreneurs and Business Owners. In 2019, Ms. Williams won the Seminole 100 Award for founding one of the fastest-growing companies among graduates of Florida State University.

In 2018, Ms. Williams created Law Firm Mentor, a business coaching service for lawyers. She helps solo and small law firm attorneys grow their business revenues, crush chaos in business and make more money. Through multi-day intensive business retreats, group and one-to-one coaching, and strategic planning sessions, Ms. Williams advises lawyers on all aspects of creating, sustaining, and scaling a law firm business – and specifically, she teaches them the core foundational principles of marketing, sales, personnel management, communications, and money management in law firms.

Contacts – Social Media

https://www.lawfirmmentor.net/speak-with-a-growth-strategist

Snip-Its

00:12:25 (36 Seconds)

The way that we create financial freedom through a business, through a law firm, is we create more money. And more importantly, we create an understanding of money in a way that we can produce it when we need it, as we need it. Instead of, I'm going to live like a pauper today so that eventually I will have enough to stop working, right? That's kind of the middle-class mindset that says save for a rainy day and save for retirement, and then one day you'll be able to stop working. Well, here's the thing. I don't want to have a poultry existence today so that I can have a somewhat less poultry existence tomorrow.