This week, Ivy Slater, host of Her Success Story, chats with her guest, Ryan Kimler. The two talk about how law firms and businesses in general can leverage financial data to drive growth, the importance of building the right financial team, and the pitfalls of misaligned pricing and out-of-control payroll costs.
In this episode, we discuss:
How law firms can evaluate whether they're priced correctly
What consistent financial challenges law firms face
When law firm leaders (and all business owners) should invest in building a solid financial team—including a bookkeeper, tax preparer, retirement advisor, and CFO advisor—ideally after reaching the six-figure mark
Why too many business owners only look at financials once a year, right before tax time, and how this hinders their ability to make informed, timely business decisions.
Who business owners should consult for financial advice, and why it's important to have trustworthy advisors to help interpret the "story" the numbers tell
Ryan Kimler, founder of Net Profit CFO and host of the Net Profits podcast
Ryan Kimler is a financial strategist who helps law firm owners, managing partners, and partners break free from the cash flow hamster wheel. With a focus on simplifying finances, Ryan specializes in identifying and stopping profit and cash flow leaks-so firm leaders can finally see where their money is going and grow with confidence. Through his "One Clear Profit Path" approach, he empowers law firms to track the five key metrics that matter most, increase ROI per staff member, and double their bank balance within a year. Unlike most outside CFOs, Ryan cuts through the confusion, delivering custom solutions that make financials easy to understand and act on-no more sifting through endless, unhelpful reports. If you're ready to get your law firm on a profitable path and sleep better at night, Ryan Kimler is the expert to talk to.
Website: https://financialclarityllc.com/
Social Media Links:
https://www.linkedin.com/in/ryankfinancialclarityllc/
