Episode 239
FACULTY: Scott Scarano, EA and Matt Kid, CPA
CLASS: #Shoperations
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.
📣 Shout Outs: Jason Ackerman, Ron Baker, Jody Grunden, Adam Hale, Shane Mason, Ashley Francis, Summit CPAs, Live Plan, Microsoft Dynamics, Karbon, Engage
⬇️Videos Referenced⬇️
The Model Cloud Accounting Firm (feat. Jody Grunden, CPA)
(<a href="https://youtu.be/o7ccvINvvic" rel="ugc noopener noreferrer" target="_blank">https://youtu.be/o7ccvINvvic</a>)
Tax Firm Adding Value with Financial Planning and CAS feat Matt Kidd, CPA
(<a href="https://youtu.be/X-_9E-4YBXQ" rel="ugc noopener noreferrer" target="_blank">https://youtu.be/X-_9E-4YBXQ</a>)
Chapters:
00:00 Teaser
01:26 Building the Firm: Client Acquisition and Niche
04:18 Innovative Hiring Techniques
05:52 Embracing Quirkiness: A Rebel Yell
06:22 Influences and Inspirations
08:00 Beginning the EOS Journey
10:03 Remote Work and Management Trust
12:24 Financial Struggles and Turning Points
20:07 Transitioning Out of Sales
22:43 The Live Plan Experiment
24:14 Facing Failures and Employee Turnover
25:10 Reflecting on Advisory Services
26:45 Firm's Financial Status in 2022
27:49 Challenges and Changes in 2023
29:56 Client Management and Team Growth
32:47 Considering Wealth Management
33:17 Balancing Passions and Career
33:36 The Impact of Podcasting and Rapping
37:08 Future Goals and Reflections
37:51 Learning from the Podcast
39:16 Accounting Influencers
39:53 Closing Thoughts and Final Reflections
🔗 Connect With Us On LinkedIn! 🔗
Matt Kidd, CPA
📎<a href="https://www.linkedin.com/in/matthewkiddcpa/" rel="ugc noopener noreferrer" target="_blank"> https://www.linkedin.com/in/matthewkiddcpa/</a>
Scotty OKR Scarano
📎<a href="https://www.linkedin.com/in/scottscarano/" rel="ugc noopener noreferrer" target="_blank"> https://www.linkedin.com/in/scottscarano/</a>
Accounting High
📎<a href="https://www.linkedin.com/company/accounting-high/" rel="ugc noopener noreferrer" target="_blank"> https://www.linkedin.com/company/accounting-high/</a>
📎<a href="https://www.accountinghigh.com/" rel="ugc noopener noreferrer" target="_blank"> https://www.accountinghigh.com/</a>
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

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239 How My Firm Runs Without Me, Growing From Accountant to Entrepreneur Part 2 (feat. Scott Scarano, EA)

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