Welcome back.
Putting variable expenses to work in your firm requires some pre-planning. Today’s assignment is up in your feed and I talk about the need to create a financial model for your practice. This is going to be specific to you and your firm. It’s going to depend on lots of factors like your geographic area, practice area, experience, staff, and more.
We’ll work through what a model looks like and how to create it, and I’ll tell you how I arrived at the key percentages I used for things like payroll and marketing to keep the finances on track.