Tax season can be stressful, but that feeling doesn’t have to be your “normal” every year. I know there are lots of deadlines and paperwork, but we can break the process into smaller steps so it doesn’t seem like a huge task. Whether you are handling business taxes or filing as an individual, please start early to save yourself time,
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Beware of Incompetent Financial "Experts": A CPA's Wake-Up Call for Businesses
I understand you can’t do it all as an entrepreneur. So it’s understandable and I even recommend leaning on professionals—accountants, bookkeepers, fractional CFOs—to handle the financial side of things. But as a CPA, I’ve seen too many cases where not all of these so-called experts are as competent as they claim to be. Whether it’s misreading financial statements, overlooking…
Tips to Confidently Increase Your Prices Without Losing Clients
Are you afraid of increasing your prices for fear of losing clients? I completely understand. As a woman who has worked with many other women professionals, I know all too well about the difficulties of charging what we are truly worth. Society has conditioned us to doubt our value and shy away from asserting our worth. But let me tell…
How to Confidently Increase Your Prices to Boost Your Business
Are you hesitant about raising your prices because you fear losing customers? As a woman professional who has worked with many others in the same boat, I understand the challenges of charging what we’re truly worth. But let me share something eye-opening. I’ve been to conferences and networking events where seasoned professionals, often older white men, proudly declared,”When I started…
What to Do When Your Business Runs into Cash Flow Problems
We do not mean to scare you, but a whopping 82% of small businesses fail due to cash flow problems. And the worst part is that having high profits does not necessarily mean you are safe. Profitability is only part of the story. We have seen businesses of all sizes, with impressive profits, stressing about paying bills on time, unable…
Building Generational Wealth through Entrepreneurship: The Legacy of Black Wall Street
The legacy of Black entrepreneurship deserves recognition and celebration all year round. While entrepreneurship can provide economic stability and growth for the Black community, there are still many challenges to overcome, including discrimination, and limited access to capital and mentorship. In this blog, we’re exploring the story of Black Wall Street, the importance of building generational wealth in Black communities,…
Maximize Your Law Firm's Growth: 3 Goals Every Women-Owned Business Should Set in 2023
Are you ready to take your women-owned law firm to new heights in 2023? Setting clear and achievable goals is a crucial step in making the most of the opportunities and overcoming the challenges you may face as a business. In this blog post, we’ll explore three key goals that can help ensure a successful and profitable 2023 for your…
5 Revenue-Building Tips for Your Women-Owned Law Firm
If you run a women-owned law firm, increasing revenue and profits is one of your main concerns. You can be doing many things right at your law firm, but if you don’t make the right decisions to boost profits, your chance of failure will increase.
Here are five key steps to improve your operations, boost revenues, and increase profits when…
Law Firm Succession Planning: Why Is It Always Avoided?
Succession planning consists of identifying essential jobs within your business and generating action plans for people to fill those positions if they become vacant. Taking a comprehensive perspective of the present and future goals, this form of planning ensures that people have the right roles when you transition out of your firm temporarily, permanently, abruptly, or as scheduled.
It doesn’t…
Talent Management: Make Your Law Firm The #1 Choice
All small to medium-sized law firms are experiencing staff shortages in the USA. As a result, talent management has never been more important.
A well-thought-out attraction and retention strategy is necessary to approach talent management effectively. We mention both attraction and retention strategies because each benefits the other. For example, the more employees stay in your organization, the higher…