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

Show Summary: On this episode of Grow My Accounting Practice, we sit down with Eric Eager, CEO and Co-Founder of 4impactdata, to explore how AI and practical experience can help business owners navigate growth and avoid common pitfalls. Eric shares his personal journey—what he calls being an "entrepreneurial idiot"—and the key lessons he’s learned from scaling businesses successfully. He breaks down the five stages of business growth, uncovering why so many businesses fail and how understanding these stages can help entrepreneurs avoid the same fate. Eric also reveals a fascinating insight: there have only ever been three fundamental business models throughout history. With the rise of AI and data-driven decision-making, Eric explains how codifying wisdom—combining technology with real-world experience—has made this the best time ever to be an entrepreneur. Finally, he introduces the concept of a "GPS for Business", showing how leaders can change their odds of success, get further faster, and build compan