What does it mean to scale an accounting firm? In this Future Firm ® Accounting Podcast episode, I discuss and dive deeper into what scaling a firm means and how you can get started.
0:30 – I would like to spend some time discussing what it means to scale a business.
1:10 – In episode 33, I made a specific point that compares growing a firm versus scaling a firm.
1:38 – I also shared in episode 49, that many accounting firm owners deal with a difficult work-life balance because the nature of their profession makes this difficult.
2:13 – The lack of a scalable model makes us work more in an effort to compensate for the messiness, resulting in a poor work-life balance.
3:35 – “Scaling your business means that you’re able to handle an increase in sales, work or output in a cost-effective, reasonable manner.”
4:40 – The main goal of creating a scalable business model isn’t just to make more money, but also to give you more freedom and to improve your lifestyle.
5:16 – You can grow a scalable business model into an empire, but you can also make it a model to maximize your work-life balance.
5:30 – Bottomline, I’d like to put emphasis on the point that scaling enables you to grow relatively easily without the need for tons of work.
Excellent podcast. I’m taking it to heart and implementing.
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