Today I talk about one of my favorite topics, Your Budget is NOT your Bible. Now, I know the title alone may be triggering for some people. So, I'm going to explain to you what I mean by this topic. I'm also going to give a shout out to all of our financial people out there in the world that keep us financially stable through budgeting and sound financial decision-making - no matter whether we are investing it or whether we are saving it.

 

Oftentimes, not universally, financial people tend to be somewhat of an anomaly in terms of the financial evolution and growth of a law firm. And that's not because financial people don't know how to manage money, but because they often think inside the box.

 

Tune in to see how I can shift your perspective!

In this episode we discuss:

• Having a healthy respect for your numbers while your firm is growing.
• 3 – key critical thoughts to create freedom, success and a highly scalable law firm.
• How good decision making based on a financial plan will help you create a successful business.
• Better planning by knowing the very basics of where your money is spent.
• The differentiation between investment and expense, and different types of ROI.
• Identifying shiny object syndrome while at the same time being open to opportunities.
• Creating a life that you will enjoy by conscientiously investing in yourself.
• Cultivating faith in yourself is key.

 

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:

Textphone number:  908 292 3524

 

How to Be Decisive – The Crushing Chaos with Law Firm Mentor Podcast

https://lawfirmmentor.net/2021/08/20/how-to-be-decisive/

 

Moshe Amsel - The Crushing Chaos with Law Firm Mentor Podcast

https://lawfirmmentor.net/2021/01/12/crushing-the-challenge-of-change-in-the-legal-industry-with-moshe-amsel/ 

 

Contact Law Firm Mentor:

Scheduler: https://meetme.so/LawFirmMentor  

 

Snippets

 

00: 07: 24 (32 Seconds) 

But I do want you to consider that you need to have a financial plan as a part of your business so that you can make decisions in the future. One of the things that we talked about in a recent podcast episode, we talked about the idea of how to become decisive. And one of the real challenges with being decisive is lack of information. Right? So if you don't know what information is going to educate your decision and you don't know the information that you need to know, and typically information comes at you and you don't have a way of categorizing that in your mind.