Profit First Pt 3: How to Set Up Profit First in Your Law Firm for Better Cash Flow (Ep. 151)
If you’re a law firm owner, chances are you’ve stared at your revenue numbers and wondered, “Why am I still stressed about cash flow even when business is booming?” Maybe you’re chasing top-line growth, hoping that more cases and bigger settlements will magically lead to personal wealth, ease, and a guilt-free mortgage payment. Sound familiar?
Here’s the truth: revenue isn’t profit. And if you want your firm to start serving your life not just your clients, it’s time for a fundamental shift.
This week on The Lawyer Millionaire Podcast, Darren Wurz breaks down the game-changing “Profit First” system. He’s been using it for years and swears by how it delivers peace of mind, real bankable profits, and an end to that nagging, never-enough feeling so common in law firm life.
Darren discusses:
- How to setup the Profit first system in your law firm.
- Why profit matters more than revenue for law firms.
- 5 changes you should make to your cash flow to reduce stress and boost profits.
- Why business should have an emergency fund.
- Why you need to setup multiple dedicated bank accounts.
- The potential consequences of not having a dedicated tax account.
Resources:
- Book: Profit First – Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
- The Law Firm Profit First Set Up Guide and Instant Cash Flow Assessment
Connect with Darren Wurz:
- Want to work with our team? Schedule an Intro Call
- The Lawyer Millionaire Website
- LinkedIn: Darren P. Wurz
- Join The Lawyer Millionaire® Community
- Don’t Miss a Thing! Subscribe to The Lawyer Millionaire® Email List
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