Grow My Accounting Practice | Tips For Accountants & Bookkeepers To Grow Their Business

Show Summary In this episode of the Grow My Accounting Practice Podcast, we were joined by James Masotti, the owner of Our Team Accounting. James discusses the strategic decision to acquire a bookkeeping company and how it aligns with their growth vision. He shares insights from the first 90 days post-acquisition, emphasizing the smooth transition and integration strategies. One highlight is the adoption of Profit First, a transformative financial management approach, and its positive impact on Our Team Accounting. James also touches on implementing the Entrepreneurial Operating System (EOS) for efficient operations and how it enhances productivity and accountability. James emphasizes the significant role of a positive organizational culture, underscoring its value in talent retention and business success. Overall, the episode provides valuable insights into financial methodologies, operational frameworks, and the importance of fostering a strong culture in accounting practices.   Websites:

Show Summary In this episode of the Grow My Accounting Practice Podcast, we have Alison Lukin from Officially Social as our guest, delving into critical aspects of marketing and social media strategies for small businesses. The episode begins with an exciting partnership announcement with Profit First. This partnership provides a valuable opportunity for aligning business strategies with Profit First principles. A major focus is on the evolving landscape of social media and marketing budgets for small businesses. Alison highlights the recent trend of budget reductions and discussed strategies to navigate this challenge while maintaining a robust online presence. Alison emphasizes Officially Social's custom quality content calendars, addressing budget constraints while delivering tailored, high-quality content—a solution for businesses aiming to enhance their social media presence effectively. Furthermore, the discussion explores the creation of branded calendars for businesses, including Pro

Show Summary In this episode of the Grow My Accounting Practice podcast, we had the pleasure of hosting Laurence Whittam, the Founder and Managing Director of Impact Global Solutions. With extensive expertise in outsourcing, specifically tailored for accountants and businesses seeking to optimize their client management processes, Laurence shared valuable insights and experiences. The discussion begins by delving into the origins of Impact Global Solutions and its fundamental mission. Laurence shed light on why he founded the company, underlining the drive to create a platform that simplifies and enhances outsourcing for businesses, especially in the accounting sector. One of the focal points of the conversation is the exploration of the manifold benefits tied to outsourcing. Laurence elucidates the advantages that businesses can derive from efficient outsourcing practices, emphasizing the potential for increased efficiency, cost-effectiveness, and the ability to focus on core competencies. However

Show Summary In this episode, we are delighted to welcome Fady Hawatmeh, as our esteemed guest. Fady brings a wealth of experience and insights to the table, making this episode a must-listen for anyone interested in the world of finance and AI. Fady's journey in the financial world is both inspiring and informative. He started by running an outsourced CFO firm, gaining hands-on experience in managing the financial aspects of various businesses. One of the key highlights of his career is his unwavering determination to leverage AI in financial models, even when many skeptics believed it was impossible. Fady's resilience and vision paved the way for the successful launch of Clockwork AI. Beyond his professional accomplishments, Fady's upbringing in a family-owned restaurant instilled in him a deep appreciation for the value of hard work and dedication. This foundation has undoubtedly contributed to his success in the financial industry. Fady's expertise also extends to his role as CFO and COO of a venture-back

Show Summary In this insightful episode of the Grow My Accounting Practice podcast, we have the privilege of hosting Rhamy Alejean, founder of People Processes. The discussion primarily focuses on People Processes' partnership with Profit First Professionals and delves into essential HR aspects. Rhamy illuminates when it makes sense for businesses to invest in HR. He emphasizes the pivotal role HR plays in a business's growth and when it's advantageous to consider establishing or enhancing an HR department. The conversation then shifts to practical insights on implementing an efficient HR department. Rhamy provides valuable strategies for building and sustaining a high-performing HR team. Key functions that HR should handle are also highlighted by Rhamy, shedding light on HR's multifaceted responsibilities beyond traditional personnel management. This episode concludes by addressing contemporary HR topics. Rhamy discusses the significance of AI policies, navigating the return to work, ensuri

Show Summary In this episode of the Grow My Accounting Practice podcast, we were honored to have Profit First Professional RJon Robins as our guest, who has recently unveiled his book, Profit First For Lawyers. RJon illuminates that Profit First For Lawyers, while tailored to legal practitioners, holds relevance for a wide audience. Its financial strategies extend beyond law and can benefit any business aiming for increased profitability and stability. The discussion turns to advising others, raising the question of recommending the book to legal advisors. By enhancing financial acumen, this book can empower lawyers to provide even better service to their clients. Exploring the concept of How To Manage A Small Law Firm, RJon unveils this initiative he co-founded. The venture empowers small law firms with practical strategies for effective financial management. Leveraging his extensive experience, RJon outlines common financial pitfalls faced by small law firms and businesses. He underscores the importance of

Show Summary In this engaging episode, we sit down with Mike Milan, a dynamic expert in business coaching and advisory services. Mike shares his journey and insights, touching on key points that have shaped his path in the world of accounting and coaching. Mike delves into the exciting partnership between Profit First and his advisory programs, discussing the natural alignment between the two programs and the enhanced value they bring to businesses. He also reflects on his personal evolution from skepticism about coaching programs to embracing them as powerful tools. Mike highlights how a structured process can streamline and enhance business practices, bridging the gap between academic mathematics and practical application. As he discusses his transition from a traditional role to becoming a full-time coach, Mike shares how he identified the needs of business owners and developed services that resonated with them. He introduces the Clear Path To Cash Professional program, an end-to-end advisory services prog

Show Summary On today's episode of the Grow My Accounting Practice Podcast, we are joined by the insightful Crista Grasso. Throughout the conversation, she delves into several crucial topics that resonate with entrepreneurs looking to enhance their business practices. Crista begins by shedding light on the major culprits behind wasted time and reduced profits within a business. She emphasizes the significance of streamlining processes and eliminating unnecessary complexities, allowing entrepreneurs to regain valuable resources. The concept of a business being "lean, luxe, and leveraged" takes center stage as Crista discusses the importance of sustainable scaling. She highlights how adopting this approach can lead to efficient growth and heightened profitability, while also enhancing the overall experience for both clients and team members. Navigating the challenging phase between $500k and $5m in revenue, often referred to as the "messy middle," presents unique obstacle

Show Summary Join us on the latest episode of the Grow My Accounting Practice Podcast featuring special guest Stacy Tuschl, a business dynamo who transformed her backyard startup into a multi-million-dollar enterprise. Tune in as Stacy shares her insights on creating a highly efficient remote team. Here's a sneak peek into our conversation:

Show Summary In this captivating episode of the Grow My Accounting Practice (GMAP) podcast, we sit down with the brilliant and resilient Michelle Grecni, owner of East Coast Tags LLC and Brevard Screen Printing. Michelle's entrepreneurial journey is marked by overcoming burnout, finding solace in a supportive community, achieving profitability, mastering social media marketing, and excelling in the screen printing industry. Michelle opens up about her personal experience with burnout, a challenge that many entrepreneurs face. She shares valuable insights on recognizing the signs, coping strategies, and the importance of prioritizing self-care to maintain a healthy work-life balance. As a business owner, Michelle knows firsthand the loneliness that can accompany entrepreneurship. She delves into the significance of building a strong community of like-minded individuals, both for emotional support and to exchange valuable ideas and knowledge. With her vast expertise, Michelle unvei

Show Summary In this insightful episode, we are honored to have Patty Block, a seasoned expert in empowering women business owners and helping them achieve success in their ventures. Patty delves into crucial topics that resonate with both women entrepreneurs and accounting professionals alike. Talking Points with Patty: 1️⃣ Challenges Women Business Owners Face: Patty sheds light on the biggest challenges faced by women in the business world. From navigating gender biases to achieving work-life balance, Patty provides valuable insights into empowering women to overcome these hurdles. 2️⃣ Unraveling The Broken Cookie Effect®: Patty introduces us to The Broken Cookie Effect®, a concept that impacts many women in business. Learn how this phenomenon can influence decision-making and discover strategies to break free from its constraints. 3️⃣ Preparing for Business Exit: Thinking about exiting a business can be overwhelming. Patty shares the primary challenges business owners face wh

Show Summary Welcome to the latest episode of the Grow My Accounting Practice podcast, where we sit down with Kelley Brubaker, a seasoned CPA and owner of Profit Scale Thrive. Kelley shares her journey of being self-employed for almost 20 years and the challenges she faced in providing services she didn't enjoy due to her aversion to sales and rejection. During the episode, Kelley talks about her conversations with Ron Saharyan regarding the "Value Starts with Hello" framework. Implementing this approach gave her newfound confidence while engaging with potential clients, as she had unique and compelling questions that set her apart from other advisors and coaches. Kelley's mindset shift regarding sales calls came after a conversation with fellow PFP Tara Newman, who introduced the concept of "curiosity calls" as an alternative to traditional sales calls. This change in terminology empowered Kelley to approach initial client conversations with a fresh perspective. The podcast delv

Show Summary In this episode of the Grow My Accounting Podcast, Annette de Lancey, a seasoned expert in manufacturing business ownership and management, shares valuable insights. She highlights the stark differences between service and manufacturing businesses, emphasizing the importance of profitability for growth and scalability. Annette's expertise covers both in-house manufacturing and outsourcing, providing listeners with a comprehensive understanding of the industry. Annette delves into the unique challenges and opportunities when working with manufacturing clients, emphasizing the significance of effectively managing costs and optimizing profit margins. She highlights the critical role of the cost of goods sold (COGS) in manufacturing operations and how it impacts financial health. Additionally, Annette discusses the value of collaboration, showcasing her successful partnership with Jason Snyder, a PFP Mastery Member, in creating a captivating livecast/podcast. Together, t

Show Summary In today's GMAP episode, we welcome Kasey Anton, a Profit First Professional and author of "Profit First for Restaurants." Kasey shares her expertise in transforming restaurants into cash-making machines through the implementation of Profit First principles. With a background in the restaurant industry and experience as a business consultant, Kasey understands the unique challenges faced by restaurant owners. She emphasized the importance of understanding the business model, analyzing costs, and driving profitability through informed decision-making. Kasey's direct approach in working with restaurant owners focuses on actionable steps to improve financial performance. By identifying areas of waste, reducing expenses, and implementing Profit First strategies, she helps restaurants become more financially efficient. Her book, "Profit First for Restaurants," offers practical guidance tailored specifically to the restaurant industry. It provides actionable strategies to

Show Summary Join us on the latest episode of Grow My Accounting Practice Podcast as we sit down with Wally Malesh, an Executive Coach with KW MAPS, for an insightful conversation on various topics related to business planning, financial strategies, and personal growth. Here's a glimpse of what to expect: Starting Business Planning with Profit: Wally shares insights on implementing Profit First principles from the beginning, setting a strong foundation for success. Staying the Course: Discover how to maintain consistency and persevere through challenges on your entrepreneurial journey. Financial Master Mind Group: Learn the benefits of collaborating with like-minded individuals to enhance your financial intelligence. Paying it Forward: Hear inspiring stories of giving back and supporting others to fuel personal growth and fulfillment. Beyond Profit First to Wealth Planning: Explore strategies for long-term financial security and achieving wealth goals beyond Profit Firs

Show Summary David Steininger, a guest on the Grow My Accounting Practice Podcast, shares valuable insights on various aspects of entrepreneurship. David discusses his journey of starting his business, highlighting the importance of taking small steps and making incremental improvements along the way. The episode continues where David explains the motivation behind Self-Employment Sidekick and emphasizes the significance of entrepreneurs having a sidekick or support system. He underscores the role of a supportive community in the success of entrepreneurs. He also explores common challenges faced when transitioning to full-time self-employment. David provides practical advice on overcoming these obstacles and shares strategies to navigate the path to entrepreneurship successfully. Next, David reveals one of the initial coaching steps he takes with his clients. He focuses on helping clients align their lifestyle with their business goals, ensuring a harmonious balance that leads to long-term success. Finally,

Show Summary Join David as he delves into the significance of automating financial and accounting processes and the advantages of seamless data integrations. In his presentation, David will specifically focus on the return on investment (ROI) that automation brings to Client Accounting Services (CAS). By attending this podcast, you'll gain insights on the following benefits of automation for CAS: a remarkable 70-80% reduction in manual data loading efforts into your ERP system a substantial ROI within the first year and ongoing growth, and an accelerated close process Discover how to minimize manual work and maximize billable hours by harnessing the power of automation.   Website: https://lp.datablend.com/outsourcing-roi https://datablend.com/ LinkedIn: https://www.linkedin.com/in/furthdavids/ Corporate Partner: People Process – https://peopleprocesses.com/

Show Summary Shweta Patel shares her inspiring journey encompassing various aspects of her life. As a physician, she initially struggled with understanding and managing finances, referring to herself as financially dyslexic. However, her experience as a Navy doctor and veteran provided her with invaluable insights and the opportunity to contribute to the healthcare of military personnel. Transitioning from real estate investing to entrepreneurship, Shweta took on the challenge of launching her own startup, demonstrating her willingness to embrace new ventures and take risks. Throughout her endeavors, she emphasized the importance of looking beyond oneself and striving for global impact, reflecting her aspiration to create positive change on a larger scale. Shweta Patel's story embodies resilience, growth, and the pursuit of making a difference in both personal and global spheres.   Website: https://gayawellness.org/ Facebook: https://www.facebook.com/GAYAWELLNESS.ORG Instagram: https://www.instagram

Show Summary In the beginning, it was very hard for Christina to reconcile service and business because she wanted to serve and help people. It was difficult to equate that with a billable amount – charging someone for helping them when she was unsure of her own value. The notion of "let me help you because I was blessed with this skillset, but let me charge you for it" didn't feel like a natural fit. Initially, Christina took on many clients whom she loved, and each lesson was valuable, but she didn't charge what she was worth. She worked tirelessly for minimal compensation. What she failed to recognize was that while she was focused on serving others, she had a commitment to her family that she was inadvertently neglecting. Our body's internal response to fear and excitement is the same. Rather than always saying, "I'm scared," Christina realized there was a part of her that felt excitement about the possibilities beyond fear. She recognized that her gut instinct was her guide. Sometimes we find o

In this engaging show, we delve into the topic of "Is your overwhelm an ops issue?" Our discussion explores various aspects related to operational streamlining and how it can uncover areas of opportunity. Melissa Morris, the founder of Agency Authority, addresses common challenges faced by businesses, including marketing gaps, overly customized offers, inconsistencies in the business model, unmet team needs, and the absence of performance standards and evaluations. Additionally, we examine operational mis-fixes that can hinder progress. These missteps may include haphazardly shifting internal communications from email to Slack without a defined communication plan, relying on templated workflows that may not suit specific requirements, or hastily changing project management tools due to outgrowing the current system. Melissa emphasizes the importance of avoiding such pitfalls. Furthermore, Melissa sheds light on how accidental firm or practice owners often develop their business processes in isolated silos. We