Re: Moving office into my house
Posted by tina on 7/27/06
Um, a breakeven of 54K a year (4500/mo) is pretty damn good for any
business with a 200K gross. That is a 73% net, anon.
Possibly much of the dissatisfaction with legal practice on this board
stems from unrealistic expectations and a lack of business acumen.
On 7/27/06, anon wrote:
> He grosses over $200,000 a year. He went over his P&L with me. But his
> expenses are outrageous. Advertising alone is over $1000/mo. Rent ~
$500.
> Insurance (malpractice) ~ 500 and it goes *up* every year, because
you've
> worked on more cases.
>
> Etc. Phone/copy/fax. And notice I left out his health insurance and
> Worker's Comp, etc.
>
> Secretary.
>
> He told me his breakeven in BK's is $4500/mo.