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Shownotes can be found at https://www.profitwithlaw.com/395.

In this podcast episode, Moshe Amsel and Danielle Hendon, owner of Four Corners CFO, discuss the importance of financial management for small businesses. They discuss when it's the right time to hire a fractional CFO, the ideal profit margin, the three profit levers, and the significance of budgets and cash flow. They provide actionable advice and strategies for law firm owners to improve their financial management and profitability.

Chapters:

[00:00] Introduction to Danielle Hendon

[04:35] Transitioning from Corporate to Small Business 

[13:56] When to Consider a Fractional CFO 

[19:09] Using Profit First mindset

[22:52] Setting Profit Margins

[28:49] Three Profit Levers 

[38:46] Budgeting and Cash Flow for Business Owners

[42:44] Danielle’s Parting Piece of Advice

Resources mentioned:

Check out our Profit with Law YouTube channel!

Learn more about the Profit with Law Elite Coaching Program here. 

Connect with Danielle Hendon: Website | Facebook | Instagram | LinkedIn

Episode 390 - From 0 to 200 Employees The Ultimate Guide to Successful Law Firm Growth with Luis Raul Scott Jr

Episode 393 - The 3 Most Effective Strategies for Maximizing Profit in Your Business with Rocky Lalvani

Four Corners CFO

Profit First

Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/

To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected].

Connect with Moshe on:

Facebook - https://www.facebook.com/moshe.amsel

LinkedIn - https://www.linkedin.com/in/mosheamsel/