Debt, Profit & Exit: Fractional CFO Advice for Law Firm Owners (Ep. 180)

On this episode, host Darren Wurz speaks with fractional CFO Ryan Kimler about how business owners particularly law firm owners can improve profitability, make smarter financial decisions, and build long-term wealth

Darren and Ryan discuss:

Why forecasting is a critical business tool?

Debt is more expensive than it appears.

Start exit planning early.

The right time to begin the hiring process

How AI can support financial decision making.

Resources:

Profit First – Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz (Book)

Walking to Destiny: 11 Actions An Owner Must Take to Rapidly Grow Value & Unlock Wealth by Christopher M. Snider (Book)

Law Firm Financial Reporting Template Pack (Exclusive content)

Law Firm Profitability Assessment