239 How My Firm Runs Without Me, Growing From Accountant to Entrepreneur Part 2 (feat. Scott Scarano, EA)
DEC 18, 202443 MIN
239 How My Firm Runs Without Me, Growing From Accountant to Entrepreneur Part 2 (feat. Scott Scarano, EA)
DEC 18, 202443 MIN
Description
<p>Episode 239</p>
<p>FACULTY: Scott Scarano, EA and Matt Kid, CPA</p>
<p>CLASS: #Shoperations</p>
<p>In this episode, our substitute teacher, Matt Kidd, continues his interview with Scott Scarano, EA where Scott shares the story of how he grew his accounting firm to $1.3 million with $400,000 in annual cash flow, and became completely removed from daily operations. Scott provides insights into the importance of a strong team, unique hiring methods, and embracing technology and innovation in the firm. He also touches on his passion for rapping, his struggle with growth versus letting off the reins, and his future aspirations for his firm.</p>
<p>📣 Shout Outs: Jason Ackerman, Ron Baker, Jody Grunden, Adam Hale, Shane Mason, Ashley Francis, Summit CPAs, Live Plan, Microsoft Dynamics, Karbon, Engage</p>
<p>⬇️Videos Referenced⬇️</p>
<p>The Model Cloud Accounting Firm (feat. Jody Grunden, CPA)</p>
<p>(<a href="https://youtu.be/o7ccvINvvic" rel="ugc noopener noreferrer" target="_blank">https://youtu.be/o7ccvINvvic</a>)</p>
<p>Tax Firm Adding Value with Financial Planning and CAS feat Matt Kidd, CPA</p>
<p>(<a href="https://youtu.be/X-_9E-4YBXQ" rel="ugc noopener noreferrer" target="_blank">https://youtu.be/X-_9E-4YBXQ</a>)</p>
<p>Chapters:</p>
<p>00:00 Teaser</p>
<p>01:26 Building the Firm: Client Acquisition and Niche</p>
<p>04:18 Innovative Hiring Techniques</p>
<p>05:52 Embracing Quirkiness: A Rebel Yell</p>
<p>06:22 Influences and Inspirations</p>
<p>08:00 Beginning the EOS Journey</p>
<p>10:03 Remote Work and Management Trust</p>
<p>12:24 Financial Struggles and Turning Points</p>
<p>20:07 Transitioning Out of Sales</p>
<p>22:43 The Live Plan Experiment</p>
<p>24:14 Facing Failures and Employee Turnover</p>
<p>25:10 Reflecting on Advisory Services</p>
<p>26:45 Firm's Financial Status in 2022</p>
<p>27:49 Challenges and Changes in 2023</p>
<p>29:56 Client Management and Team Growth</p>
<p>32:47 Considering Wealth Management</p>
<p>33:17 Balancing Passions and Career</p>
<p>33:36 The Impact of Podcasting and Rapping</p>
<p>37:08 Future Goals and Reflections</p>
<p>37:51 Learning from the Podcast</p>
<p>39:16 Accounting Influencers</p>
<p>39:53 Closing Thoughts and Final Reflections</p>
<p>🔗 Connect With Us On LinkedIn! 🔗</p>
<p>Matt Kidd, CPA</p>
<p>📎<a href="https://www.linkedin.com/in/matthewkiddcpa/" rel="ugc noopener noreferrer" target="_blank"> https://www.linkedin.com/in/matthewkiddcpa/</a></p>
<p>Scotty OKR Scarano</p>
<p>📎<a href="https://www.linkedin.com/in/scottscarano/" rel="ugc noopener noreferrer" target="_blank"> https://www.linkedin.com/in/scottscarano/</a></p>
<p>Accounting High</p>
<p>📎<a href="https://www.linkedin.com/company/accounting-high/" rel="ugc noopener noreferrer" target="_blank"> https://www.linkedin.com/company/accounting-high/</a></p>
<p>📎<a href="https://www.accountinghigh.com/" rel="ugc noopener noreferrer" target="_blank"> https://www.accountinghigh.com/</a></p>
<p>Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, Entrepreneur Journey, Firm Growth, EOS, Leadership, Financial Freedom, Scale Business, Scale Firm, Firm Growth</p>
