In this episode, I discuss how your accounting firm can generate passive revenue and the types of models that are at the beginning of the trend curve.
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Show Notes
0:53 – Future Firm Accelerate just officially launched to help accountants fast-track the growth of a modern, scalable, 7+ figure accounting that doesn’t require them to work a million hours a week. It contains 3 things: online courses, coaching & community.
3:05 – I discuss how this membership program relates to generating passive revenue in your firm.
4:00 – Technology and shifting consumer behaviors mean that consumers have a level of choice that we’ve never seen before, which is driving some of these passive revenue streams in the service sector.
5:15 – My research from developing my own passive revenue streams lead me to believe that these kinds of models would be possible in accounting firms.
6:45 – I believe accounting firms could take this model in a downstream or upstream membership model.
8:30 – The model could also work as a once-off revenue stream as well.
10:02 – Want more tips like this? Join 3,500+ other firm owners who sign up for my weekly newsletter for exclusive weekly tips sent right to their inbox.
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Ryan Lazanis
Hi! I'm Ryan. I’m an entrepreneurial CPA that founded Xen Accounting, a 100% cloud-based accounting firm, in 2013. Following its acquisition in 2018, I started Future Firm to help accountants fast-track the growth of a modern, scalable accounting firm of their own.
Here are 3 ways for how you can fast-track your own modern, scalable firm:
1) Get my weekly newsletter that gives tips & trick to scale your firm.
2) Subscribe to the Future Firm Accounting Podcast for bite-sized, actionable lessons on how to scale your firm.
3) Join Future Firm Accelerate, my online coaching program that helps modern firm owners quickly scale.