 For many professional service firms, recession doesn’t bring a collapse in demand—it brings a spotlight on inefficiencies. In this case study, a legal and compliance advisory firm used the economic slowdown as an opportunity to tighten operations, improve pricing structure, and recalibrate partner incentives for long-term health.
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 When your business starts growing beyond what you can manage alone, the first question is often: who should I hire first?
And just as often, business owners pause. You’re over-capacity, work is piling up, and you know you need help. But hiring the wrong person or hiring too soon can create more problems than it solves. So instead of building capacity, you stay stuck: overextended and reactive. At Baker CFO Advisory, we’ve helped business owners through this exact moment. And here’s what we often tell them:  When economic conditions shift, healthcare providers face a dual pressure: financial tightening and growing patient demand. This case study shows how a multi-specialty provider took early action to protect margin, improve cash flow, and create a sustainable growth plan that wouldn’t compromise care, even in a downturn.
 Growth is exciting, but it’s also expensive.
At Baker CFO Advisory, we’ve seen many businesses add new services or locations before they were truly ready. Sometimes it works. More often, it exposes cracks in the business model that could have been fixed with better planning. If you’re thinking about expanding, here are 3 questions we recommend asking before you commit |