You work so hard every day in your firm to build a more profitable practice. But then you take a look at the numbers, and wonder why there isn’t much income left at the end of the day for you.
Budgets can feel overwhelming. We create them to help us stay on target, but feel like money is being spent everywhere – how is it really contributing to your bottom line?
In this episode, I speak with Brooke Lively, Founder of Cathedral Capital, to talk about why budgets suck, and how to run a more profitable business.
Cathedral Capital is a company made up of a team of CFO’s and Profitability Strategists who help entrepreneurs turn their businesses into profitable companies. Brooke is a highly regarded international speaker and author.
With expertise in growth management, creative problem solving and profitability strategy, Brooke has been featured in international media including Forbes, CNBC, and US News and World Report.
We talk about:
The Rule of Thirds when it comes to finance for your business
The importance of designing a compensation plan that is right for your firm
Different ways to diversify your compensation options
Benefits of a profit plan and how it can help you strategize effectively
Resources mentioned in this episode:
From Panic to Profit: How 6 Key Numbers can make a 6-Figure Difference in your Law Firm by Brooke Lively
No Ego by Cy Wakeman
The EOS Life by Gino Wickman
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