Optimizing Your Business Finances for Personal and Business Financial Success with Justin Buonomo - 452
10/10/24 • 46 min
Shownotes can be found at https://www.profitwithlaw.com/452.
Are you increasing your revenue but still facing the same financial troubles?
In this podcast episode, Moshe Amsel sits down with Justin Buonomo, CEO of Journey to Financial Freedom, to explore why increasing your income alone won't solve money problems. Justin discusses the importance of addressing underlying financial behaviors and implementing effective systems before focusing on earning more. Get practical tips on managing business finances, budgeting effectively, and making long-term financial changes!
Ready to transform your financial habits and achieve true financial stability? Tune in now to learn how!
Chapters:
[00:00] Introduction to Justin Buonomo
[13:43] 4 Steps for Managing Your Personal Finances
[19:36] The Secret Sauce for Securing Your Take-Home Pay
[24:03] How the Right Budget Can Empower You to Live Your Life
[31:10] Why Paying Attention and Measuring Results Change The Game
[37:30] How to Find Hidden Money
[41:55] Justin's Parting Piece of Advice
Resources mentioned:
Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!
Check out our Profit with Law YouTube channel!
Learn more about the Profit with Law Elite Coaching Program here
Profit First by Mike Michalowicz
Connect with Justin Buonomo: Website | Instagram | Email | YouTube | LinkedIn | Facebook
Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/
To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].
Connect with Moshe on:
Facebook - https://www.facebook.com/moshe.amsel
LinkedIn - https://www.linkedin.com/in/mosheamsel/
Shownotes can be found at https://www.profitwithlaw.com/452.
Are you increasing your revenue but still facing the same financial troubles?
In this podcast episode, Moshe Amsel sits down with Justin Buonomo, CEO of Journey to Financial Freedom, to explore why increasing your income alone won't solve money problems. Justin discusses the importance of addressing underlying financial behaviors and implementing effective systems before focusing on earning more. Get practical tips on managing business finances, budgeting effectively, and making long-term financial changes!
Ready to transform your financial habits and achieve true financial stability? Tune in now to learn how!
Chapters:
[00:00] Introduction to Justin Buonomo
[13:43] 4 Steps for Managing Your Personal Finances
[19:36] The Secret Sauce for Securing Your Take-Home Pay
[24:03] How the Right Budget Can Empower You to Live Your Life
[31:10] Why Paying Attention and Measuring Results Change The Game
[37:30] How to Find Hidden Money
[41:55] Justin's Parting Piece of Advice
Resources mentioned:
Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!
Check out our Profit with Law YouTube channel!
Learn more about the Profit with Law Elite Coaching Program here
Profit First by Mike Michalowicz
Connect with Justin Buonomo: Website | Instagram | Email | YouTube | LinkedIn | Facebook
Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/
To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].
Connect with Moshe on:
Facebook - https://www.facebook.com/moshe.amsel
LinkedIn - https://www.linkedin.com/in/mosheamsel/
Previous Episode
Transforming Client Communication and Legal Systems with Brian Glass - 451
Shownotes can be found at https://www.profitwithlaw.com/451.
Are you struggling to maintain effective communication and client satisfaction in your law firm?
Join Moshe Amsel and Brian Glass, partner and trial lawyer, as Brian shares his expert strategies on creating effective client roadmaps, the importance of personal touch over automation, and why setting clear expectations is vital for client satisfaction. Moshe and Brian also dive into key factors that contributed to an impressive 383% revenue growth in Brian's division and the crucial role of speed and efficient case selection.
Listen now to uncover the secrets to transforming your legal practice and ensuring a positive client experience!
Chapters:
[00:00] - Introduction to Brian Glass
[14:37] - What Fuels Long-Term Success in Law Firms?
[26:30] - The Secret Ingredients of Exceptional Law Firm Customer Service
[40:53] - The Number One Key to Law Firm Growth
[48:34] - Brian's Parting Piece of Advice
Resources mentioned:
Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!
Check out our Profit with Law YouTube channel!
Learn more about the Profit with Law Elite Coaching Program here
Episode 40 - Lessons From The Life Of A Giant
Renegade Lawyer Marketing by Ben Glass
Living Forward by Michael Hyatt and Daniel Harkavy
Connect with Brian Glass: LinkedIn | Instagram
Great Legal Marketing Summit notes
Client Communication Portal Software for Law Firms: Hona
Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/
To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].
Connect with Moshe on:
Facebook - https://www.facebook.com/moshe.amsel
LinkedIn - https://www.linkedin.com/in/mosheamsel/
Next Episode
Boosting Law Firm Profitability through Effective AR Management in Law Firms with Matt Darner - 453
Shownotes can be found at https://www.profitwithlaw.com/453.
Are you struggling to maintain cash flow and handle collections in your law firm?
Join Moshe Amsel and Matt Darner, co-founder and VP of business development at Collbox, as they dive into strategies for improving accounts receivable (AR) management and maintaining healthy cash flow. Matt shares insights from his extensive experience in automating financial processes, emphasizing the importance of friendly, consistent follow-ups and clear expectations. Moshe and Matt discuss setting higher retainers, utilizing flat fees, and employing specialized collection services to reduce workload and enhance client satisfaction. They stress the importance of defining a structured payment cadence, using technology, and the effectiveness of weekly billing to minimize disputes and maintain transparency.
Listen now to uncover strategies to streamline your law firm’s collection processes and ensure financial stability for sustainable growth!
Chapters:
[00:00] Introduction to Matt Darner
[08:44] The Relationship Trap: How Emotions Impact Your Collection Processes
[15:24] Why Do Clients Delay Payments When They Don't Skip Their Cable Bills?
[21:44] How the Recency Bias Affects Your Clients’ Willingness to Pay
[35:21] The Best Practices to Speed Up Collections
[01:06:38] Matt’s Parting Piece of Advice
Resources mentioned:
Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!
Check out our Profit with Law YouTube channel!
Learn more about the Profit with Law Elite Coaching Program here
Connect with Matt Darner: LinkedIn | Facebook | Website
Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/
To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].
Connect with Moshe on:
Facebook - https://www.facebook.com/moshe.amsel
LinkedIn - https://www.linkedin.com/in/mosheamsel/
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/profit-with-law-profitable-law-firm-growth-220503/optimizing-your-business-finances-for-personal-and-business-financial-76018896"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to optimizing your business finances for personal and business financial success with justin buonomo - 452 on goodpods" style="width: 225px" /> </a>
Copy