Episode 228

FACULTY: Adam Hale, CPA

CLASS: #Shoperations

TITLE: $10M Model Cloud Accounting Firm, Beyond the Summit

In this episode of Accounting High, join the host and guest Adam Hale from Summit CPAs as they dive into the transformation from traditional accounting to advisory services. Adam discusses the journey of creating a successful model cloud accounting firm, emphasizing the shift from answering questions to asking them, the importance of building a niche, and the challenges of merging with a larger firm like Anders. He shares valuable insights on developing advisory services, maintaining culture in a distributed team, and growing a business by learning from failures. Whether you're starting out in the accounting field or looking to innovate within your firm, this episode offers practical advice and inspiration.

📣 Shout Outs: Summit CPAs, Anders CPAs + Advisors, Jody Grunden, Kenji Kuramoto, Matthew May, Acuity, Mike Meilinger, Virtual CFO, Navigate the Journey

⬇️Videos Referenced⬇️

Episode 47 - The Model Cloud Accounting Firm (feat. Jody Grunden, CPA)

(https://youtu.be/Q4r3CX3G1qk)

Episode 173 - Growing a Profitable Remote CFO Accounting Firm (feat. Jody Grunden, CPA)

(https://podcasters.spotify.com/pod/show/accountinghigh/episodes/173-Growing-a-Profitable-Remote-CFO-Accounting-Firm-feat--Jody-Grunden--CPA-e294kjl) 

Episode 227 - $3.5M Firm with a Budget for Being Uncomfortable (feat. Mike Meilinger, CPA)

(https://youtu.be/7T6zsd0lxAI)

Chapters:

00:00 Teaser 

01:22 Introduction 

02:30 The Journey to Becoming a CPA 

04:19 Meeting Jody and Early Career 

08:14 Building the Firm Together 

12:00 Challenges and Growth 

15:34 Partnership Dynamics 

23:34 Advisory Services and Evolution 

26:06 The Turning Point: Realizing the Value of Advisory Services 

27:21 Building Confidence in Advisory Work 

28:51 Transitioning to a Value-Based Pricing Model 

30:25 Challenges in Training Advisors 

35:11 Creating a Systematic Approach to Client Meetings 

38:36 Accidentally Finding a Niche Market 

40:55 Embracing a Distributed Work Model 

42:40 Navigating the Competitive Landscape 

52:47 Advice for Aspiring Advisors

🔗 Connect With Us On LinkedIn! 🔗

Adam Hale, CPA

📎 https://www.linkedin.com/in/adamhalecpa/

Anders CPAs + Advisors

📎 https://www.linkedin.com/company/anders-cpas-advisors/about/

📎 http://www.anderscpa.com

Scotty OKR Scarano

📎 https://www.linkedin.com/in/scottscarano/

Accounting High

📎 https://www.linkedin.com/company/accounting-high/

📎 https://www.accountinghigh.com/

Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, Cloud accounting, CPA firm, virtual CFO, advisory services, accounting podcast, business growth, financial advice, distributed work model, merger, partnership dynamics, entrepreneurial journey, remote work, private equity, firm culture, value-based pricing, business advisory, professional services