As a lawyer, your education and expertise make you one of the smartest professionals in the world. However, when it comes to running a law firm, that same brilliant mind can sometimes be your own worst enemy. In this episode of the Profit First for Lawyers podcast, we tackle the issue many law firm owners face when they overcomplicate their business plans. It’s time to put on your business owner hat and make decisions that will help you profitably manage your law firm.

Believe You Can

The biggest challenge in helping law firm owners grow their business is getting them to believe it’s possible. Many sabotage their own success by believing that success is “for someone else,” making it more complex than it really is. However, the principles of building a successful law firm are simple and predictable. Listen in as RJon uncomplicates your path to business success with an informative explanation of The 7 Main Part of Every Law Firm: Marketing, Sales, Production, People, Physical Plant, Money & Metrics, and YOU!

Key Takeaways

• Think like a business owner, not just a lawyer, when running your law firm
• Focus on simplifying the seven parts of your law firm
• Don’t overcomplicate the process of building a successful law firm
• Believe in the possibility of achieving your goals

Links Mentioned

Create A Business Plan To Maximize Your Profits Ep. 51 with Erika Ferenczi    • Create A Business Plan To Maximize Yo...  

The 7 Main Parts of Every Successful Law Firm Chapter 5 from the Profit First for Lawyers book https://a.co/d/e9KCTrr'>https://a.co/d/e9KCTrr

Business Plan Workbook https://profitfirstforlawyers.com/action

A Look Back

The 7 Main Parts of Every Successful Law Firm series based on Chapter 5 of the Profit First for Lawyers book is something longtime listeners will remember from the first season of the podcast. These popular “Tea Time with Karli” episodes can be found below:

Ep. 9 Marketing    • The 7 Parts of a Successful Law Firm:...  
Ep. 11 Sales    • The 7 Parts of Every Successful Law F...  
Ep. 13 Production    • The 7 Parts of Every Successful Law F...  
Ep. 15 People    • The 7 Parts of Every Successful Law F...  
Ep. 17 Physical Plant    • The 7 Parts of Every Successful Law F...  
Ep 19 Money & Metrics    • The 7 Parts of Every Successful Law F...  
Ep. 21 YOU!    • The 7 Parts of Every Successful Law F...  
Ep 23 Series Recap    • The TL;DR Recap of The 7 Parts of Eve...  

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Order your copy of Profit First for Lawyers today! https://a.co/d/e9KCTrr'>https://a.co/d/e9KCTrr


Key Moments
1:34 The Pitfalls of Lawyerifying Your Business Plans
2:52 RJon's Timeless Wisdom
4:38 Your Business Stakeholders & Investors
7:20 Make Mistakes, Avoid Business Stagnation

8:03 Resources for You

8:20 The 7 Main Parts of a Successful Business
10:06 The Wild Card
11:18 Sabotaging Your Success
13:23 7Figure Law Firm Owners Know
14:07 Wrapup