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Subscribe to The 15 Hour Accountant Newsletter Get free CPE for this episode on Earmark ======== Logan George comes back on the podcast for this bonus episode. This conversation covers the detailed process of purchasing an accounting firm, including the decision-making, due diligence, negotiation, challenges, and reflections on the final decision. It emphasizes the importance of timing and cash flow when purchasing a firm, and highlights the lessons learned from the experience. Logan George | High Peak Accounting | LinkedIn Resources Mentioned: S1E2 Buying a Tax Firm w. Logan George | YoutTube | Apple Podcasts | Spotify Quit by Annie Duke | https://a.co/d/0hBPS735 SBA Loans | https://www.sba.gov/funding-programs/loans Chapters 00:00 Introduction and Background 08:28 The Letter of Intent and Due Diligence 17:10 Challenges and Concerns 26:29 Final Decision and Reflection 39:16 Transition Period and Financing 51:35 Launching a Firm and Lessons Learned Content ID Code: CKKC2DILY76LPKKU

Subscribe to The 15 Hour Accountant Newsletter Get free CPE for this episode on Earmark ======== The first season of the Life First Accounting Firm podcast concludes with a recap of the main takeaways from the interviews. The key themes include the flexibility of starting a firm while working, the importance of personal networks for acquiring clients, reevaluating one's relationship with accounting, the value of time and flexibility, the need for self-belief, and the significance of financial stability as a backstop. Content ID Code: CKKC2DILY76LPKKU

Subscribe to The 15 Hour Accountant Newsletter Get free CPE for this episode on Earmark ======== Andrew Parks | Momentum Strategic Advisors | LinkedIn Resources Mentioned: Aligned Accountants Andrew Parks shares his journey from nonprofit work to starting his own accounting firm, highlighting the evolution of his career and facing burnout along the way. He discusses the process of self-reflection, networking, and the formation of his business with a partner, emphasizing the importance of listening and learning from others. Andrew Parks discusses his experience in managing a business, developing partnerships, and navigating the challenges of entrepreneurship. He shares insights on client acquisition, financial management, and the flexibility of running his own firm. Chapters 00:00 Meet Andrew Parks 05:47 Experience in Accounting and Advisory Services 13:08 Engaging with the Network and First Client 20:43 Business Growth and Service Offerings 25:55 Adapting to Business Changes 32:52 Client Size and Revenue Target 39:09 Navigating Burnout and Decision-Making Content ID Code: CKKC2DILY76LPKKU

Subscribe to The 15 Hour Accountant Newsletter Get free CPE for this episode on Earmark ======== Monique Reece | Reece Accountancy Resources Mentioned: ProConnect Calendly Aligned Accountants This conversation covers the journey of Monique Reese, a CPA, from starting her accounting firm as a side hustle to transitioning it into a full-time business. It explores the impact of the pandemic, client acquisition strategies, and the challenges of balancing a side hustle with a full-time job. Monique shares personal challenges and the importance of work-life balance in her entrepreneurial journey. It also delves into the significance of starting with referrals and the challenges of marketing a side hustle. The conversation provides valuable advice for individuals considering starting a side hustle and emphasizes the need for flexibility and adaptability in the journey. Chapters 00:00 Introduction and Podcast Debut 07:11 Impact of the Pandemic on Business 15:16 Balancing Work Hours and Client Load 38:34 Advice for Starting a Side Hustle Content ID Code: CKKC2DILY76LPKKU

Subscribe to The 15 Hour Accountant Newsletter Get free CPE for this episode on Earmark ======== Alex Ostrov | Nomad CPA | LinkedIn | X (Twitter) Resources Mentioned: Aligned Accountants HoldCo Conference Alex Ostrov shares his journey from working in a traditional accounting firm to starting his own firm, Nomad CPA, while living a nomadic lifestyle. He discusses the challenges and rewards of remote work, building a global team, and the importance of work-life balance. Chapters 00:00 Transition from Traditional Accounting to Nomad CPA 09:42 Client Base and Global Presence 18:36 Managing a Global Team and Time Zone Challenges 25:12 Professional Satisfaction and Growth 31:29 Advice for Aspiring Fractional CFOs and Controllers Content ID Code: CKKC2DILY76LPKKU

Subscribe to The 15 Hour Accountant Newsletter Get free CPE for this episode on Earmark ======== Katie Rau | Blessed Books LLC | LinkedIn | Facebook Resources Mentioned: Upwork QuickBooks Online Accountant The conversation covers the journey of starting a solo accounting practice, client acquisition through Upwork, work-life balance, long-term vision, and advice for aspiring entrepreneurs. Katie Rau shares insights into her experience and offers valuable advice for those considering a similar path in the accounting industry. Chapters 00:00 Introduction and Personal Update 11:19 Client Acquisition through Upwork 18:38 Work-Life Balance and Future Plans 26:22 Long-Term Vision and Business Growth 33:09 Advice for Aspiring Entrepreneurs Content ID Code: CKKC2DILY76LPKKU

Subscribe to The 15 Hour Accountant Newsletter Get free CPE for this episode on Earmark ======== Steve Nay | Daybreak Tax | LinkedIn  Resources Mentioned: Business Strategies for CPAs podcast by Geraldine Carter EA Journal National Association of Enrolled Agents Tax in Action podcast by Jeremy Wells All the Money in the World by Laura Vanderkam The conversation with Steve Nay covers his journey from a non-accounting background to starting a tax practice while working full-time. It explores the challenges and decisions involved in this transition, from becoming an enrolled agent to choosing tax software and managing the workload. The conversation covers the experience of balancing a side business with a full-time job, the growth and revenue of the business, client relationships, marketing, and the challenges of being a sole practitioner. It also provides advice for aspiring accountants coming from a different industry. Chapters 00:00 Meet Steve 11:26 Choosing Tax Software and First Clients 17:01 Experience and Expertise 23:30 Client Relationships and Marketing 28:47 Challenges of a Sole Practitioner Content ID Code: CKKC2DILY76LPKKU

Subscribe to The 15 Hour Accountant Newsletter Get free CPE for this episode on Earmark ======== Resources Mentioned: The 15 Hour Accounting (Erica’s free ebook) Savannah Reynolds | Branch and Vine Accounting, LLC | Facebook | Instagram Savannah Reynolds shares her journey from a corporate controller role to starting her own firm. She discusses the challenges of balancing motherhood, career, and entrepreneurship, as well as the lessons learned from her experiences. Savannah Reynolds discusses her experience transitioning from corporate accounting to running her own accounting firm, the challenges of setting pricing and finding the right clients, the impact of working from home on work-life balance, and the value of flexibility and autonomy in her new role. Chapters 00:00 Career Transition and Corporate Dissatisfaction 07:30 Maternity Leave and Business Setup 14:37 Service Offerings and Client Engagement 20:08 Monthly Clients and Disjointed Work 25:21 Unwinding Corporate Habits 32:06 Learning and Experimentation 38:24 Career Transition and Encouragement Content ID Code: CKKC2DILY76LPKKU

Subscribe to The 15 Hour Accountant Newsletter Get free CPE for this episode on Earmark ======== Resources Mentioned: Geraldine Carter Michelle Weinstein Logan George | High Peak Accounting | LinkedIn The conversation covers Logan George's journey from being an employee to becoming a business owner, including the challenges and growth experienced in the first year of business. It explores his transition to entrepreneurship, merging and partnering with a firm, and the process of purchasing a tax practice. Additionally, it delves into the experiences and lessons learned during the first year of business and the subsequent growth. The conversation delves into the challenges of making tough business decisions, emphasizing the importance of flexibility and balance as key motivations. It also explores the natural human desire for growth and progress, even in a state of contentment. Chapters 00:00 Introduction and Background 05:07 Growth and Merger 11:01 Financial Considerations 17:09 Business Growth and Transition 22:28 Revenue and Workload Management 29:27 Motivation and Enjoyment of Work Content ID Code: CKKC2DILY76LPKKU

Subscribe to The 15 Hour Accountant Newsletter Erica Goode | LinkedIn Season 1: "Starting Stories" aims to highlight the experiences of accountants who started their own firms, emphasizing the possibility of success without sacrificing personal life. Erica Goode shares her journey and the intentional, life-first approach to accounting firm ownership, promising diverse and transparent conversations with guests. Takeaways Accounting firm owners can build successful careers without sacrificing their personal lives.The podcast aims to showcase the stories of everyday accountants who started their own firms. Chapters 00:00 Introduction to Starting Stories 06:13 Intentional Living in the Accounting Industry Content ID Code: CKKC2DILY76LPKKU

The Life First Accounting Firm podcast is kicking off Season 1: Starting Stories soon! Subscribe and Follow so you don't miss the first episode. DR3WQIFVMNBQRZVX