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
- How to Calculate Your Law Firm Tax Reserve
- Get your Free Law Firm Audit
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
- Subscribe to The Lawyer Millionaire Youtube Channel
Connect with Ryan Kimler:
- Linkedin: Ryan Kimler
- Youtube: The Legal CFO
- Website: Net Profit CFO
About Ryan Kimler:
Ryan Kimler helps business owners take control of their finances and accelerate their profits. He works directly with business and law firm owners to gain a deep understanding of their operations, assess their financial health, analyze current profitability, and identify the obstacles hindering growth. With this insight, he develops tailored, data-driven strategies that transform financial challenges into opportunities. By implementing clear, actionable financial solutions, Ryan helps businesses accelerate profits, improve cash flow, and achieve long-term financial success.
With years of experience as the Director of Finance for a $100 million company, Ryan understands what drives business success. He has worked with more than 200 law firms, helping them scale their operations and significantly boost their profits. His expertise in financial analysis and strategic planning gives business owners the clarity they need to make informed, profit-driven decisions. Whether it’s through part-time CFO services or financial coaching, Ryan equips his clients with actionable steps that move their business forward.
As an international best-selling author, nationwide CLE speaker, podcast host, and Certified CFO with the CFO Project, Ryan will leverage all of these experiences as part of our Profit Accelerator System designed to help businesses reach 25% net profit margins in just 90 days.
When he’s not working with business owners, Ryan enjoys spending time outdoors with his family. He’s a husband, a stepfather to two children, and the proud parent of two Great Danes. Whether speaking at industry events or hiking a scenic trail, Ryan is always focused on the same goal, helping business owners like you Accelerate Your Profits!
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