10 Mindset Shifts To Make More Money In Your Business
Are you struggling to take your business to the next level? Maybe you feel like you’re doing everything right, but you’re still not seeing the results you want. The truth is, making more money in your business isn’t just about tactics and strategies – it’s also about your mindset. In this blog, I’m going to […]
Is It Time to Consider a Fractional CFO for Your Law Firm?
Are you feeling overwhelmed by the numbers in your law firm? Do you find yourself struggling to understand what they truly mean? If so, it might be the right time to consider hiring a fractional CFO. When we first start our small firm, it’s relatively easy to manage revenue, expenses, and profit. But as we […]
Easy Tips to Keep Your Law Firm Safe from Fraud
Running a small law firm takes a lot of heart and hustle. But in all the busyness, it’s easy to miss some sneaky threats to your finances. Let’s talk about some common financial fraud and give you some straightforward tips to protect your hard-earned cash. Accounts Payable Fraud It’s crazy how small amounts can sneak […]
Avoiding Tax Headaches: Common Financial Mistakes Law Firms Make
Running a law firm comes with many challenges, especially when it comes to managing money. While many firms hire bookkeepers mainly for tax filing, having accurate financial records is important for more than just taxes. As a CFO with many years of financial experience, I’ve seen how problems related to taxes can have a negative […]
A Simple Guide to Financial Forecasting for Law Firms
We are going to discuss something really important for your law firm: financial forecasting. It might sound complicated, but it’s just a way to predict how your firm’s finances will look in the future based on what’s happening now. This is super important for making smart decisions, spotting any problems early, and grabbing opportunities to […]
How to Boost Your Confidence and Lead Your Law Firm to Success
Confidence is super important for law firm owners, but it’s often overlooked. In this blog, I’m going to talk about how not being confident can hold you back from achieving your dreams for your firm. Plus, I’ll share some tips on how to kick those confidence barriers to the curb. 1. Fear of Leadership A […]
Don’t Get Lost in the Numbers: How to Quickly Gain Clarity About Your Law Firm Finances
If you’re a law firm owner, your focus is on providing great legal services to your clients. After years of working with folks just like you, I have seen how much stress not understanding your finances can cause you. Some of you tell me when you try to understand your numbers, you get lost and […]
Undertaking a pay equity audit at your business
Pay equity is both required by law and a sound business practice. However, providing equitable compensation to employees who perform the same or similar jobs, while accounting for differences in experience and tenure, isn’t easy. That’s why every company should at least consider undertaking a pay equity audit to assess its compensation philosophy and approach. […]
Improve HR decision-making with a SWOT analysis
According to the U.S. Bureau of Labor Statistics, an estimated 4.5 million people voluntarily left their jobs in November 2021. That’s a record number. In this topsy-turvy labor market, many employers are under greater pressure to make optimal HR decisions. Having a sound, dependable and growth-oriented HR function can help you retain good workers, draw […]
Protecting your company from cryptocurrency fraud
According to blockchain data company Chainalysis, cryptocurrency transactions associated with illegal activity topped $14 billion in 2021. That’s almost double 2020 numbers — and the momentum shows no signs of slowing. In addition to outright cryptocurrency theft, these crimes include investment fraud and ransomware scams that affect businesses. Yet cryptocurrency offers several advantages to entrepreneurs […]
Let your financial statements guide you to optimal business decisions
Now that 2022 is up and running, business owners can expect to face a few challenges and tough choices as the year rolls along. No matter how busy things get, don’t forget about an easily accessible and highly informative resource that’s probably just a few clicks away: your financial statements. Assuming you follow U.S. Generally […]
How cash flow statements help experts find fraud
Many fraud investigations focus on financial statements. Because cash is the most commonly stolen business asset, fraud experts regularly scrutinize statements of cash flow for signs of misappropriation and fraudulent disbursements. If you suspect occupational fraud and request an investigation, here’s what the experts might find. Unusual changes Your statement of cash flows shows […]
Protecting your company from cryptocurrency fraud
According to blockchain data company Chainalysis, cryptocurrency transactions associated with illegal activity topped $14 billion in 2021. That’s almost double 2020 numbers — and the momentum shows no signs of slowing. In addition to outright cryptocurrency theft, these crimes include investment fraud and ransomware scams that affect businesses. Yet cryptocurrency offers several advantages to entrepreneurs […]
Using B2B media to lengthen your marketing reach
Companies that sell products or services primarily to other businesses face a tough challenge when it comes to marketing. Your customers are likely well-versed and experienced in what they do, so you must not only persuade them to buy from you, but also communicate that you’re an expert in your industry or field. If you […]
4 ways to refine your cash flow forecasting
Run a business for any length of time and the importance of cash flow becomes abundantly clear. When payroll is due, bills are piling up and funds aren’t available, blood pressure tends to rise. For this reason, being able to accurately forecast cash flow is critical. Here are four ways to refine your approach: 1. […]
Use change management to brighten your company’s future
Businesses have had to grapple with unprecedented changes over the last couple years. Think of all the steps you’ve had to take to safeguard your employees from COVID-19, comply with government mandates and adjust to the economic impact of the pandemic. Now look ahead to the future — what further changes lie in store in […]
5 ways to strengthen the bridge between leadership and staff
Every employer, no matter its purpose, needs to establish a strong connection between leadership and staff. Any gulf between the two, even if it’s a small one, can inhibit productivity, diminish morale and make it harder to retain good employees. Here are five ways to strengthen the bridge between your organization’s leaders and the workers […]
Protect your business with a cybersecurity assessment
Years ago, it may have seemed like only government agencies with top-secret intel or wealthy international banks had to worry about hackers. Nowadays, even the smallest small business could see its reputation ruined by a data breach, while larger companies could have their sensitive data taken hostage in a ransomware attack that costs millions to […]
How Understanding the ‘Rule of 72’ Helps You Make Personal Finance Decisions
Though everybody wants their money to grow, few people understand the best way to make that happen. It’s all about where you choose to put your money and the rate of growth you’re able to achieve over a period of time. When you’re trying to figure out how compound interest works, the “rule of 72” […]
Is your business tracking website metrics?
In today’s data-driven world, business owners are constantly urged to track everything. And for good reason — having accurate, timely information displayed in an easy-to-understand format can allow you to spot trends, avoid risk and take advantage of opportunities. This includes your company’s website. Although social media drives so much of the conversation now when […]
Should You Get an IRS Identity Protection PIN?
An Identity Protection PIN (IP PIN) is a six-digit number assigned to eligible taxpayers by the IRS to help prevent the misuse of their Social Security number by ID thieves to file fraudulent federal income tax returns. The IP PIN aids IRS in verifying a taxpayer’s identity and accepting only valid returns via electronic filing […]
5 questions to ask about your marketing efforts
For many small to midsize businesses, spending money on marketing calls for a leap of faith that the benefits will outweigh the costs. Much of the planning process tends to focus on the initial expenses incurred rather than how to measure return on investment. Here are five questions to ask yourself and your leadership team […]
Compass Real Estate: A Bold Industry Leader Every Step of the Way
If you’ve never heard the name Robert Reffkin before, you’d be forgiven — but you’re almost certainly familiar with his work. Reffkin was raised the child of a single mother, herself an Israeli immigrant. It was from her that he learned the beginnings of what would eventually become his now-famous entrepreneurial spirit. At one point […]
The Art of Running a Successful Family Business: Breaking Things Down
At its core, a family business is exactly what it sounds like: a company or other enterprise owned, operated, and actively managed by at least two people from the same family. This can be a parent and their kids, two siblings, or some other configuration — it doesn’t actually matter, as the management is made […]
