This feeling of being an "imposter" when discussing financial matters is a common challenge for many in the legal field. This feeling can prevent you from providing the comprehensive guidance your clients increasingly need. It creates a barrier to transforming your practice and unlocking new avenues for growth and client satisfaction.

To understand these terms and why they matter, it’s helpful to first define another term: Free cash flow, or FCF.  Free cash flow represents the total amount of cash that a company generates after accounting for both its operating expenses and its capital expenditures. 

Private insurance structures, often called captive or reinsurance companies, allow entrepreneurs to self-insure risks while simultaneously creating a new pool of capital.