"If your firm is not collecting earned revenue, growth will slow, cash flow will tighten, and profitability will suffer. Fortunately, revenue and profit leakage can be minimized with awareness, the right tools, and disciplined financial oversight. Join our expert panel on Sept. 25 at 2 p.m. ET to explore common sources of profit leakage and practical, actionable tactics for improvement."
"The discussion will include: Concrete examples of how profit leakage can occur Red flags that indicate profit leakage at your firm Quick wins you can implement right away Long-term strategies to sustain improvements Kelley Brubaker, CPAKelley is the owner of Profit Scale Thrive-an Akron, Ohio-based accounting and advisory firm, she partners with law firm owners so they achieve overflowing profits, scaled growth, and thriving lives."
Failing to collect earned revenue slows firm growth, tightens cash flow, and reduces profitability. Revenue and profit leakage can be minimized through awareness, the right tools, and disciplined financial oversight. Key areas for improvement include identifying concrete examples of profit leakage, recognizing red flags, implementing quick wins, and adopting long-term strategies to sustain improvements. Practical, actionable tactics focus on improving billing, collections, metrics tracking, and financial controls. Immediate steps can deliver quick cash-flow improvements while strategic financial oversight supports scaled growth and stronger profitability. Monitoring the metrics that matter and creating effective strategies are essential for sustained performance.
Read at Above the Law
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