Today I had the pleasure of speaking with Melissa Houston, chartered professional accountant, a CPA, a financial strategist for CEOs, columnist for Forbes.com, and the host of the Business Society Podcast. 

 

Melissa helps successful business owners increase their profit margins without having to increase revenue so that they keep more money in their pocket while increasing their personal wealth. 

 

As business owners, we have to be very mindful of getting the information that we need from a source that we trust, but also in a way that we are able to use it. We're expected to be badass in business the way that we are badass in law. But the reality is finance is an entire industry and none of us should feel bad about ourselves because we don't know what we don't know, right? 

 

Melissa Houston is a reliable source to inform, tune in to learn more! 

In this episode we discuss:

• The importance of knowing your numbers as a law firm owner.
• The value of financial coaching.
• Why profit is far more important than revenue.
• How as a business owner, having more control over the wealth that you're creating.
• Understanding your money mindset and creating financial goals.
• Getting clear on what you want your money to do for you.
• A five-step money framework.
• Your responsibility to check in on the financial health of your business.

 

Guest Bio:

 

Melissa Houston is a Chartered Professional Accountant (CPA). a Financial Strategist for CEOs, a columnist at Forbes.com, and the host of The Business Society podcast. Melissa helps successful business owners increase their profit margins without having to increase revenue so that they keep more money in their pocket while increasing their personal wealth. 

 

Melissa has over 20 years of business experience with large and small 

corporations, government, and not-for-profit industries while specializing in Internal Controls, corporate accounting, budgets, financial reporting, corporate & personal tax, audit, and SR&ED. Melissa enjoys helping business owners build their businesses by increasing their financial management skills. Your numbers are telling you a story - make sure you are listening to it. 

 

Melissa's passion is helping business owners go from 6-figure to 7-figure businesses and achieving their personal financial dreams. 

 

When Melissa isn't helping entrepreneurs become better CEO's of their business, she can be found at the cottage with her husband Jamie, two teen children, and three dogs.

 

Contact info:

 

Five-Step Roadmap to Biz Finance Freedom is available on the Website

 

Website: www.melissahoustoncpa.com

Forbes Contributions: www.forbes.com/sites/melissahouston/ ?sh=4de028d25ee8 

Email: info@)melissahoustoncpa.com 

Twitter: /melissahcpa 

Facebook: /melissa.houston.1420354 

lnstagram: /melissahoustoncpa/ 

Linkedln: /melissahcpa

 

Allison Bio:

 

Allison C. Williams, Esq., is 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 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. 

Contact Info:

 

Contact Law Firm Mentor:

Scheduler: https://meetme.so/LawFirmMentor  

 

Snippets

 

00: 20: 14 (30. Seconds) 

And I especially see it with my clients that are lawyers as well is that when they come to me, there's a lot of shame and a lot of, you know, just feeling bad about themselves because they're like, I'm such a smart person. How do I not understand how to manage my money, right? And it's not that you're not smart. It's because, you know, your life centered around becoming a lawyer. I'm pretty sure nobody taught you how to run a business when you're trying to study for the bar exam, right?