232 |How to Stay Calm When ‘January Panic’ Hits

In today’s episode of the Wealthy Woman Lawyer® podcast, I cover a phenomenon I’ve discovered over the years as I’ve coached hundreds of lawyers in scaling their law firm businesses. I call it “January Panic.” It’s that feeling some people get in January—kind of like a holiday hangover—where they worry about cash flow, feel like money is tight, and start trying to “fix” financial problems without clearly thinking through the source of them first.

Often, it can result in taking actions like buying software you don’t need, buying a course to learn a new practice area in the hopes of making more money, or drastically pulling back on marketing initiatives (or implementing the wrong ones) out of fear.

Listen in to this episode as I share with you:

• A short quiz that will help you identify if you have “January Panic.”
• 5 real reasons you may feel pinched in January.
• 3 ways to avoid a cash flow crunch in January 2025
• 3 steps you can take NOW to improve the rest of your January and set yourself up for an excellent first quarter of 2024.
• And much more!

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Want to Scale Your Law Firm to 1MM or More?

The Wealthy Woman Lawyer® Podcast is sponsored by Wealthy Woman Lawyer, LLC. We help women law firm owners scale their law firm businesses to and thru 1MM with total ease. If you’d like help to scale your law firm business, we invite you to JOIN US IN THE WEALTHY WOMAN LAWYER LEAGUE or, if you have already reached $500K or more in gross annual revenue, but haven’t yet hit that $1M mark, to apply for private coaching with me.

What is Wealthy Woman Lawyer Podcast, Helping you create a profitable, sustainable law firm you love?

What if you could hang out with successful women lawyers, ask them about growing their firms, managing resources like time, team and systems, mastering money issues, and more; then take an insight or two to help you build a wealth-generating law firm? That’s what we do each week on the Wealthy Woman Lawyer podcast. Hosted by Davina Frederick, founder and CEO of Wealthy Woman Lawyer –– every episode is an in-depth look at how to think like a CEO, attract clients who you love to serve (and will pay you on time), and create a profitable, sustainable firm you love. The goal is to give you the information you need to scale your law firm business from 6 to 7 figures in gross annual revenue so you can fully fund, and still have time to enjoy, the lifestyle of your dreams.