Life First Accounting Firm

S1 Bonus: Lessons Learned from Buying a Firm w. Logan George

Subscribe to The 15 Hour Accountant Newsletter [https://mailchi.mp/ericagoode/15hr-podcast] Get free CPE for this episode on Earmark [https://earmarkcpe.com/] ======== 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 [https://www.highpeakaccounting.com/] | LinkedIn [https://www.linkedin.com/in/logan-george-cpa-09166a112/] Resources Mentioned: S1E2 Buying a Tax Firm w. Logan George | YoutTube [https://youtu.be/cRBp4uepwlA?si=XZAEvzNayIG8G_rk] | Apple Podcasts [https://podcasts.apple.com/us/podcast/s1e2-starting-stories-buying-a-tax-firm-w-logan-george/id1883188369?i=1000761058453] | Spotify [https://open.spotify.com/episode/3VtRKEYjr3vyPnkD0rTs61?si=28e4ac59806f4281] Quit by Annie Duke | https://a.co/d/0hBPS735 [https://a.co/d/0hBPS735] SBA Loans | https://www.sba.gov/funding-programs/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

S1E9 Starting Stories: The Takeaways

Subscribe to The 15 Hour Accountant Newsletter [https://mailchi.mp/ericagoode/15hr-podcast] Get free CPE for this episode on Earmark [https://earmarkcpe.com/] ======== 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

S1E8 Starting Stories: Firm Ownership After Burnout w. Andrew Parks

Subscribe to The 15 Hour Accountant Newsletter [https://mailchi.mp/ericagoode/15hr-podcast] Get free CPE for this episode on Earmark [https://earmarkcpe.com/] ======== Andrew Parks | Momentum Strategic Advisors [http://momentumstrategy.co] | LinkedIn [https://www.linkedin.com/in/andrew-parks-4134bb103/] Resources Mentioned: Aligned Accountants [https://www.alignedaccountants.com/] 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

S1E7 Starting Stories: A Side Gig Firm w. Monique Reece

Subscribe to The 15 Hour Accountant Newsletter [https://mailchi.mp/ericagoode/15hr-podcast] Get free CPE for this episode on Earmark [https://earmarkcpe.com/] ======== Monique Reece | Reece Accountancy [https://reeceaccountancy.com/] Resources Mentioned: ProConnect [https://accountants.intuit.com/tax-software/tax-online/] Calendly [https://calendly.com/] Aligned Accountants [https://www.alignedaccountants.com/] 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

S1E6 Starting Stories: Traveling the World + Running a Firm w. Alex Ostrov

Subscribe to The 15 Hour Accountant Newsletter [https://mailchi.mp/ericagoode/15hr-podcast] Get free CPE for this episode on Earmark [https://earmarkcpe.com/] ======== Alex Ostrov | Nomad CPA [https://nomad.cpa/] | LinkedIn [https://www.linkedin.com/in/alex-ostrov] | X (Twitter) [https://x.com/nomad_cpa] Resources Mentioned: Aligned Accountants [https://www.alignedaccountants.com/] HoldCo Conference [https://www.holdcoconference.com/] 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