Are You Financially Ready to Hire? The 3 Hiring Tests for Law Firm Owners (Ep. 163)

Hiring readiness is a major challenge that confronts law firm owners. On this episode, I discuss 3 hiring tests for law firm owners and why hiring decisions must move from gut feel to objective, data-driven tests focused on cash flow and profitability. Darren discusses: How firms can overcome the black hole challenge Why you need to pay yourself a market based wage? The two hardest  functions to outsource in a growing business. How to create a written plan to reach market wages over time. Two questions you must answer before you start hiring. Why you need to secure a capital safety net before hiring?   Resources: Book: Profit First – Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz Simple Numbers, Straight Talk, Big Profits!: 4 Keys to Unlock Your Business Potential by Greg Crabtree Simple Numbers 2.0 – Rules for Smart Scaling: A Play by Play Analysis for Pure Growth by Greg Crabtree Law Firm Profitability Assessment How to Calculate Your Law Firm Tax Reserve   Connect with Darren Wurz: Want to work with our team? Schedule an Intro Call The Lawyer Millionaire Website LinkedIn: Darren P. Wurz Join The Lawyer Millionaire® Community Don’t Miss a Thing! Subscribe to The Lawyer Millionaire® Email List