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The Accounting Messiah

Season 1 Episode 5

FACULTY: Ryan Lazanis, Jason Ackerman

CLASS: #Shoperations

TITLE: The Accounting Messiah

In 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 Accounting
• Introduction into Cloud Accounting and Subscription Billing
• First Hires
• Scalability
• Clients and Niching
• Evolution of the Firm
• Finding His Purpose
• Selling the Firm
• Starting Future Firm
• Biggest Mistakes Firms Make
• Competition vs Community
• Caution with Automation and other Sage Advice

Shout Outs:

Marie Phillips, Dark Horse, Xero, Padgett, Crunch Bookkeeping

00:03:01 How Ryan Got Into Accounting  

00:07:17 Introduction into Cloud Accounting and Subscription Billing

00:11:31 First Hires

00:14:21 Scalability  

00:18:22 Clients and Niching

00:22:43 Evolution of the Firm  

00:23:55 Finding His Purpose 

00:29:31 Selling the Firm

00:32:51 Starting Future Firm  

00:36:17 Biggest Mistakes Firms Make  

00:43:45 Competition vs Community

00:46:29 Caution with Automation and other Sage Advice