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continue reading
Content provided by Tyson Mutrux and Jim Hacking. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tyson Mutrux and Jim Hacking or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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Helping Law Firms Grow and Scale Profitably with Brooke Lively
Manage episode 424219666 series 2138740
Content provided by Tyson Mutrux and Jim Hacking. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tyson Mutrux and Jim Hacking or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Watch the YouTube version of this episode HERE
Are you looking for some financial strategies to make your firm more successful? In this episode of the Maximum Lawyer podcast, Becca Eberhart chats with Brooke Lively about key financial strategies for business growth.
Brooke provides some advice on how to value a firm to ensure it remains successful. Valuing a firm is knowing how much you as an owner are making a year multiplied by 4. It is important to think about valuing your firm to set yourself up for retirement in the future. As a law firm owner, you can increase the value of a firm by purchasing other firms or investing in the newest technology. This should happen when you are established and consistently bringing in more money each year. It will ultimately help when you are ready to sell in the future.
It is so important for law firm owners to create a plan to value a firm, which is something Brooke provides as a service to attorneys. Part of the plan includes strategic improvement, which involves thinking about things to invest in prior to selling a firm. For example, if you really want to sell to a certain buyer, all you care about is timing because you have a short time frame to sell. If you know you need to invest in updating the technology of a firm first, that will be a priority before you consider putting the firm on the market.
Take a listen to learn more!
13:14 Insights into valuing a law firm
18:34 The significance of focusing on making a law firm sell-ready
26:23 Importance of strategic improvement in increasing the value of law firms
Tune in to today’s episode and checkout the full show notes here.
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749 episodes
Share
Manage episode 424219666 series 2138740
Content provided by Tyson Mutrux and Jim Hacking. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tyson Mutrux and Jim Hacking or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Watch the YouTube version of this episode HERE
Are you looking for some financial strategies to make your firm more successful? In this episode of the Maximum Lawyer podcast, Becca Eberhart chats with Brooke Lively about key financial strategies for business growth.
Brooke provides some advice on how to value a firm to ensure it remains successful. Valuing a firm is knowing how much you as an owner are making a year multiplied by 4. It is important to think about valuing your firm to set yourself up for retirement in the future. As a law firm owner, you can increase the value of a firm by purchasing other firms or investing in the newest technology. This should happen when you are established and consistently bringing in more money each year. It will ultimately help when you are ready to sell in the future.
It is so important for law firm owners to create a plan to value a firm, which is something Brooke provides as a service to attorneys. Part of the plan includes strategic improvement, which involves thinking about things to invest in prior to selling a firm. For example, if you really want to sell to a certain buyer, all you care about is timing because you have a short time frame to sell. If you know you need to invest in updating the technology of a firm first, that will be a priority before you consider putting the firm on the market.
Take a listen to learn more!
13:14 Insights into valuing a law firm
18:34 The significance of focusing on making a law firm sell-ready
26:23 Importance of strategic improvement in increasing the value of law firms
Tune in to today’s episode and checkout the full show notes here.
Connect with Brooke:
749 episodes
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Similar to The Maximum Lawyer Podcast
Kipp Bodnar (HubSpot’s CMO) and Kieran Flanagan (Zapier’s CMO), lead you down the rabbit hole of marketing trends, growth tactics and innovation. On the way you’ll pick up undiscovered strategies to give you that slight edge for success. These are not your typical twitter thread regurgitated marketing tactics that everyone is doing. These are new methods, with unfiltered examination of successful fresh ideas.
…
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The traditional enterprise go-to-market motion is undergoing a transformational shift. B2B buyers are more sophisticated than ever, and operational efficiency is a key focus for every organization. One key function possesses a unique opportunity to shape the future of revenue generation: enablement. On this podcast, we’re bringing you the secrets, strategies, and tactics that successful enablement leaders are using to drive meaningful impact. The Enablement Edge is the go-to resource for sal ...
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continue reading
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…
continue reading
The Partnership Economy explores the power of partnerships through candid conversations and stories with industry leaders. Our hosts, David A. Yovanno, CEO and Todd Crawford, Co-founder, of impact.com, unpack the future of partnerships as a lever for scale and an opportunity to put the consumer first.
…
continue reading
The fun email marketing podcast. Sell more of your online courses, grow your membership and bring in more coaching clients with email marketing that doesn't stink. Sound good? Then join your fellow Email Marketing Heroes for your weekly dose of fun, practical, yet brutally honest email marketing advice. You can listen in to a piping hot, fresh episode every 'Email Marketing Wednesday' or if you prefer learning with your eyes instead of your ears, we turn each episode into a full written blog ...
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continue reading
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