The Root of All Success with The Real Jason Duncan

316: How This CFO Spots Failing Businesses in 5 Minutes ft. Luke Boyenger

8 snips

Aug 4, 2025

In this engaging discussion, Luke Boyenger, a fractional CFO and financial strategist at Kruzumi, shares his journey from witnessing his family's business collapse to saving others from similar fates. He emphasizes that chasing revenue can jeopardize profitability and highlights the importance of aligning business models for growth. Luke discusses how simple financial reviews can be transformative and reveals how many entrepreneurs leave significant profits on the table. His insights on cultivating profit-first habits provide essential guidance for founders seeking stability and success.

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ANECDOTE

Family Business Bankruptcy Shaped His Mission

Luke Boyinger watched his family's niche manufacturing business go bankrupt during the 2007–2008 recession.
He says the family lacked accounting skills, mispriced products, and couldn't survive the downturn.

ANECDOTE

Why He Became A Fractional CFO

After closing his skill gap at EY and corporate roles, Luke became a fractional CFO and entrepreneur.
He built his firm to stop bankruptcies and fix cash, profit, and growth problems.

ADVICE

Don't Prioritize Tax Cuts Over Profit

Avoid prioritizing tax savings over profitability; lowering taxable income can hide unprofitable businesses.
Luke warns this practice blocks access to credit and undermines long-term viability.

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What if watching your family’s business collapse became the reason you saved dozens of others?

In this powerful episode of The Root of All Success, I sit down with Luke Boyinger, a fractional CFO, CPA, and financial strategist who turned personal pain into professional purpose.

After seeing his family’s business go bankrupt during the 2008 recession, Luke made it his mission to prevent other business owners from repeating the same fate. Today, through his firm Kruzumi, he helps founders understand their numbers, build strong financial habits, and scale profitably—not just grow blindly.

If you’ve ever felt overwhelmed by your financials or unsure how to measure real success, this episode will give you the clarity and confidence to lead differently.

🔑 Key Takeaways:

Why chasing revenue can destroy profitability
The danger of over-prioritizing tax savings
How misaligned business models kill growth
Why financial reviews are more powerful than you think
The most common mindset holding founders back
How to build profit-first habits that create stability
Why most entrepreneurs are leaving 3–5% net profit on the table

📊 Learn more at: www.kruzumi.com
📧 Contact: luke.boyanger@kruzumi.com
🔍 Connect on LinkedIn: Search “Luke Boyinger” — he’s the only one in the world!

Who is Luke Boyenger?

From witnessing the painful closure of a family business during my high school years, I was driven to master the art of successful business management. This early experience ignited a lifelong passion for business finance and led me to pursue a degree in accounting, secure my CPA license, and gain invaluable insights from global leaders during my tenure as an auditor at EY.

In my roles as an auditor, a data analytics coach, and a director of accounting, I've cultivated a robust knowledge base and a versatile skill set that bridge the crucial gap in understanding effective business operations. My diverse experience has equipped me with the tools to provide strategic oversight and actionable advice to business owners striving to avoid the pitfalls that once impacted my family.

I am dedicated to empowering small business owners to unlock their company’s full potential by:

- Evaluating and enhancing business models to align with strategic visions.

- Implementing robust financial review processes to ensure month-to-month accountability.

- Coaching on the establishment and pursuit of strategic, long-term goals.

- Providing expert advice on profit maximization, cash flow management, and sustainable growth.

- As your Fractional CFO, I am eager to apply my expertise to help your business thrive.

Luke Boyenger’s Website Link: cruzumi.com

Luke Boyenger’s Social Media Link:

Linkedin: www.linkedin.com/in/luke-boyenger

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