This book is about owners of Accounting firms working less and making more. Creating wealth through your Accounting firm. Becoming your version of “The Wealthy Accountant”. As a Partner / Owner / Shareholder of an Accounting business you should be making at least $1M profit per Partner (after tax) per year while working less than 500 client hours. The methods in this book share a more modern approach about building a different style of Accounting business. As you implement the ideas you will be adding tremendous value to your clients and building an amazing Accounting business for yourself. A business that is Fulfilling, Fun and Fruitful. The 3 F’s of a successful Accounting business. As well as creating real wealth for you and your family. The strategies in the book have all been implemented by an Accounting firm somewhere. The stories are all real. And everything works.
The book follows a flow of FIX, MINIMIZE, SCALE and LEAD. How to FIX day to day operations so you can free up cashflow and become more profitable. How to MINIMIZE time dramatically so you are more efficient and create capacity. How to SCALE your business to whatever size you want. How to LEAD your team and your firm so that all of your goals are achieved.
Before you start thinking about what it takes to earn more than $1 million as an accountant, there are a few things you should know. First off, earning this much money is not easy. It requires hard work, dedication and dedication to the job. There are many factors that contribute to your success as an accountant, but one of the most important ones is being able to manage your time effectively. Working at a prestigious firm like ResultsTaxAccountants.com can surely prove very useful to you. Earning more than $1 million as an accountant requires a lot of hard work and dedication. You need to be able to manage your time properly so that you can get all the work done efficiently without getting burnt out or working too much.
I'm at the end of my career, retiring in 9 months. If I were to start over, I would follow the principals in this book if I wanted to build a robust large practice. I've been a sole practitioner and enjoy doing the work myself, however many of these principals still apply when it comes to choosing clients and setting rates even for a sole practitioner.