I think it might be the easiest time in history to start your own solo firm. But you NEED to understand the entire process (closing a client, pricing the services, document intake, preparation, delivery, getting paid, etc.). And you need to know what running a business entails. If you work at a small firm, just spend a few months asking these questions to the admin team so you understand their process. I’m in my first year running my firm and my revenue is more than 2x what I projected (I projected a pretty high/aggressive revenue goal tbh).
This is my first full year as an accounting firm. We only do assurance work and niche down inside of that. We'll finish the year in the top 200 firms in a billion $ market. Next year We'll be top 50. That would not be possible without you and your contributions. Day 1 of thinking about doing this i youtube'd "how to accounting firm" and ever since youve been providing this incredible guidance Massive thank you 🙏🙏🙏 Youve been so instrumental it feels like I need to send you a check 😂😂
This is so valuable. I had an after tax season review meeting this morning, manager and feedback was exactly what Jason said, no clarity on what to work on first and a sop for each task. I'm booking a call with taxdome on building this out for the team, curious how other people tackle this issue, where to start
Its 5:47am, the section of the kitchen dedicated solely to the breville espresso machine, which is appropriately decorated with unnecessary coffee gagdets like its an altar to the god of stimulants, calls my name. Yes, it's Jason Daily time.
Really good video honestly for this next quarter and year, we are gonna heavily focus on the marketing piece. I don’t know if you’ve already talked about this, but how do you handle giving referrals? Because who you give as a referral can reflect on you. One of the hard parts we’re having right now is that how do we evaluate whether a small accounting firm is good enough for a client that we’re gonna be letting go?
Yeah that's a tough one! I actually just shot a pod that'll go out Saturday (!) on this subject It's hard to assess from the outside how well those people are going to take care of your clients, but step 1 is to connect and see how your service offerings map over to theirs The more you have in common with the firm the better. IMO this is a great opportunity for accounting communities, where firms already share a common methodology/worldview on how to service clients, because finding that alignment with a local random firm is going to be a challenge
@@JasonOnFirmsPodcast Ya that's very true. I'm looking forward to the video on Saturday! You know how Karbon had the market place for firms with the same PM. I wonder if there almost a "re-homing/referral" market place idea that would be ok. Who knows.
![3 Bookkeeping Business Fails You Gotta Stop! [Starting a Bookkeeping Business & Accounting Firm]](/img/n.gif)
I think it might be the easiest time in history to start your own solo firm. But you NEED to understand the entire process (closing a client, pricing the services, document intake, preparation, delivery, getting paid, etc.). And you need to know what running a business entails. If you work at a small firm, just spend a few months asking these questions to the admin team so you understand their process. I’m in my first year running my firm and my revenue is more than 2x what I projected (I projected a pretty high/aggressive revenue goal tbh).
This is my first full year as an accounting firm.
We only do assurance work and niche down inside of that.
We'll finish the year in the top 200 firms in a billion $ market.
Next year We'll be top 50.
That would not be possible without you and your contributions.
Day 1 of thinking about doing this i youtube'd "how to accounting firm" and ever since youve been providing this incredible guidance
Massive thank you 🙏🙏🙏
Youve been so instrumental it feels like I need to send you a check 😂😂
Not going to send a check 😂 but do you have a public address I could send a 'thank you' gift to?
🥲 That means a lot, thanks Chris
But to get down to business my wire info is:
Routing: 864075776
Account: 77311751
Yo I love this dude 😂
🤜🤛
This is so valuable. I had an after tax season review meeting this morning, manager and feedback was exactly what Jason said, no clarity on what to work on first and a sop for each task. I'm booking a call with taxdome on building this out for the team, curious how other people tackle this issue, where to start
🤜🤛
Its 5:47am, the section of the kitchen dedicated solely to the breville espresso machine, which is appropriately decorated with unnecessary coffee gagdets like its an altar to the god of stimulants, calls my name.
Yes, it's Jason Daily time.
It's slightly concerning that listening to this podcast + Huberman comes chronologically before feeding my pets.
Say it with me 42:02 TO SELL IS TO SERVE 🗣🗣🗣
Really good video honestly for this next quarter and year, we are gonna heavily focus on the marketing piece.
I don’t know if you’ve already talked about this, but how do you handle giving referrals? Because who you give as a referral can reflect on you. One of the hard parts we’re having right now is that how do we evaluate whether a small accounting firm is good enough for a client that we’re gonna be letting go?
Yeah that's a tough one! I actually just shot a pod that'll go out Saturday (!) on this subject
It's hard to assess from the outside how well those people are going to take care of your clients, but step 1 is to connect and see how your service offerings map over to theirs
The more you have in common with the firm the better. IMO this is a great opportunity for accounting communities, where firms already share a common methodology/worldview on how to service clients, because finding that alignment with a local random firm is going to be a challenge
@@JasonOnFirmsPodcast Ya that's very true. I'm looking forward to the video on Saturday!
You know how Karbon had the market place for firms with the same PM. I wonder if there almost a "re-homing/referral" market place idea that would be ok. Who knows.
@@Tim_Krause (I lied it got pushed to Monday)
I think I want to start overseas accounting but have no idea where to get started and learn it other than accounting and taxation in India