The Accounting Messiah

17/01/2024 1h 1min Episodio 5
The Accounting Messiah

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For more Accounting High content, visit the main feed on Apple Podcasts | Spotify | YoutubeThe Accounting MessiahSeason 1 Episode 5FACULTY: Ryan Lazanis, Jason AckermanCLASS: #ShoperationsTITLE: The Accounting MessiahIn this podcast episode, Scott and Ackerman interview Ryan Lazanis, the Founder of Future Firm, Xen Accounting, and a strategic advisor at BotKeeper. The discussion covers Ryan's journey into accounting, his introduction to cloud accounting and subscription billing, experiences with hiring the first employees, scalability challenges and strategies, considerations about clients and niche specialization, the evolutionary path of his firm, discovering his purpose, the process of selling his firm, the inception of Future Firm, common mistakes made by firms, the dynamics between competition and community, and cautionary advice regarding automation and other aspects within the accounting domain.How Ryan Got Into AccountingIntroduction into Cloud Accounting and Subscription BillingFirst HiresScalabilityClients and NichingEvolution of the FirmFinding His PurposeSelling the FirmStarting Future FirmBiggest Mistakes Firms MakeCompetition vs CommunityCaution with Automation and other Sage AdviceShout Outs:Marie Phillips, Dark Horse, Xero, Padgett, Crunch Bookkeeping00:03:01 How Ryan Got Into Accounting  00:07:17 Introduction into Cloud Accounting and Subscription Billing00:11:31 First Hires00:14:21 Scalability  00:18:22 Clients and Niching00:22:43 Evolution of the Firm  00:23:55 Finding His Purpose 00:29:31 Selling the Firm00:32:51 Starting Future Firm  00:36:17 Biggest Mistakes Firms Make  00:43:45 Competition vs Community00:46:29 Caution with Automation and other Sage Advice