Ready to transform your law firm by putting your investor hat on?
Join Moshe Amsel and Emil Abedian, founder and CEO of Counsel CPAs, as they dive deep into how law firm owners can achieve financial clarity and sustainable growth. Emil shares his journey from general accounting to specializing in services for solo and small law firms, and the critical importance of proactive tax planning, consistent bookkeeping, and understanding financials. Discover why having an accountant who offers more than just tax preparation can drastically influence your firm's profitability.
Listen now to learn how adopting an investor mindset can revolutionize your firm’s success!
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[00:00] Introduction to Emil Abedian
[08:22] Building Year-Round Value for Law Firm Clients
[17:59] Decoding the Numbers: Turning Insights into Action for Clients
[21:22] Measure, Improve, and Prosper: Breaking the Bank Balance Cycle in Law FirmsÂ
[41:50] Emil’s Parting Piece of Advice
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Leaving your corporate job and starting your own business might seem like a big challenge. In truth, it's also a huge opportunity. However, starting a business takes time to create wealth. It's a journey filled with setbacks and failures you inevitably must face and overcome. The key is to take risks with a plan and strategy in mind. Your business' profitability margin will only grow if you put something into it.
In this episode, Sam Varner, founder of SHE Collective Biz, joins us to discuss the common mistakes new business owners make that hurt their long-term profitability margin. She sheds light on many starting entrepreneurs' misconceptions and shares some tips for resolving them. Sam also introduces the CRUSH formula to building a profitable business.
If you’re an aspiring business owner looking to really move the needle on your profitability margin, this episode is for you.
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.