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  1. Jaywalker

    From 0 to 15,000k a month and beyond: How I'm scaling an accounting firm.

    EXECUTION 
    You helped me with the sales so I'll help you with this. I'd push you to find creative solutions to your business' growth. Walmart is theoretically a slowlane business. It started as just one discount store. It is a bit bigger than that now. Maybe there is a way to pull a rabbit out of the hat...
  2. Jaywalker

    From 0 to 15,000k a month and beyond: How I'm scaling an accounting firm.

    EXECUTION 
    Worth a shot. I can try out different openers and see what sticks. At first, I felt like it was a bit underhanded, but I can see that it is quite clever. I'd like to be able to just DM someone with a quote, but it might be too forward of me. If they don't see bookkeeping/accounting as a...
  3. Jaywalker

    In Honor of “Small Business Week,” Let’s Talk About How Small Business Sucks

    MINDSET 
    I view this as a lack of bookkeeping and accounting support. Many business owners think that they can just hustle their way to profitability, and if they just work all day then it will all work out. However, the math of the business is generally set up in such a way that there is no way that...
  4. Jaywalker

    From 0 to 15,000k a month and beyond: How I'm scaling an accounting firm.

    EXECUTION 
    Early Progress Restarting my progress thread as I have a real business with revenue right now. The early part of the progress thread was mostly me flailing around and looking for a solution. @ZCP gave me the idea to just start putting bids for ownership on different businesses, and this...
  5. Jaywalker

    Skipping Bookkeeping? Here’s How You Can Lose Everything

    TAXES | REGS 
    If you work proactively with a CPA or bookkeeper (or the equivalent), you will be lightyears ahead of the competition. In sum, a good CPA/bookkeeper combo can engineer your business mathematically to improve profitability. Most business owners just check their bank account and just look at the...
  6. Jaywalker

    Skipping Bookkeeping? Here’s How You Can Lose Everything

    TAXES | REGS 
    Don't F---- with the tax man. I know of a peer that was playing a dangerous game with their books and taxes. I asked my accounting professor what might happen, and I used AI to reframe his response in the second person: Let me be absolutely clear: if you think you can just “opt out” of paying...
  7. Jaywalker

    Weekly Meetup Accountability Call Megathread

    HOT! MEETUPS 
    I'm hoping to form a substantive connection with others that have the same set of goals as myself. In the past, I've tried to do everything by myself and this creates spinning wheels. I DMed @ElDiablo with more details about my interest. My plan is to buy and scale bookkeeping and accounting...
  8. Jaywalker

    Going all in, quitting my job

    MINDSET EXECUTION WEB DESIGN 
    Why not focus on getting a job at a web development company. You can learn basic coding from FreeCodeCamp and other tutorials and maybe help them with nontechnical roles as you build your technical skillset. That way you can actually pull your weight in the household and accomplish your goal of...
  9. Jaywalker

    Starting a Recovery Center

    IDEA 
    I work in the recovery industry as a sustenance job. Send me a DM, and I can chat with you.
  10. Jaywalker

    Career Shift: What Skill Would You Learn Today to Start Earning and Build Toward a Business?

    SIDE HUSTLE 
    What has your career path looked like so far? Find something that has a low buy in with a high potential reward. I picked accounting at my community college because classes are dirt cheap, and I can sit for the CPA exam. Maybe it is getting a CDL license to drive trucks. If you want to learn...
  11. Jaywalker

    BUYING BOOMER BUSINESSES

    IDEA 
    BuyBizSell seems to have a ton of hilariously overpriced businesses. Like, would you really want to buy a failing gym with terrible revenue stream for six figures? Maybe you can develop a lowball strategy on the website where you find failing businesses and offer them a tenth of their asking...
  12. Jaywalker

    BUYING BOOMER BUSINESSES

    IDEA 
    It is worth significantly more than that. He cut me a deal. Out of respect for my partner, I don't feel comfortable disclosing the complete numbers on a public form, but you can send me a DM if you want to talk more. I'm always open to feedback and suggestions. Stop thinking so much about the...
  13. Jaywalker

    BUYING BOOMER BUSINESSES

    IDEA 
    Purchased a 16% stake in an Indian accounting firm for 2.5k. Maybe this is the world's most elaborate Nigerian price scam where they cooked the books of the client in advance, cooked the spreadsheet models, offered me free tutoring sessions in addition to the paid ones where they exceed...
  14. Jaywalker

    Hello!

    INTRO 
    You can do it! I believe in you! What business are you starting?
  15. Jaywalker

    Why you should buy a home as early as possible.

    GOLD! HOT! ASSERTION 
    This thread is making me confront the reality that spending my twenties renting was a dumb decision. Thankfully, I found an area that has great deals on real estate, I enjoy living in the area, and I have started doing the math on a loan.
  16. Jaywalker

    BUYING BOOMER BUSINESSES

    IDEA 
    I'm also fishing for more deals in case this one goes belly up. Technically, it could violate the entry of control as I don't fully own the operation. Wish me luck!
  17. Jaywalker

    BUYING BOOMER BUSINESSES

    IDEA 
    Send me an email with his details, and I'll follow up with him. I'm working something out between an Indian accountant and myself where I help the accountant target US businesses in exchange for passive profits. I cannot purchase equity in an Indian CPA firm, but many companies skirt around this...
  18. Jaywalker

    BUYING BOOMER BUSINESSES

    IDEA 
    Well, that was easy. Found a person at least willing to sit down and negotiate. Let's see how this works out!
  19. Jaywalker

    BUYING BOOMER BUSINESSES

    IDEA 
    I'm sliding into some DMs and hunting for a deal. My cash reserves are limited, but I may be able to get a bargain. If it is a mature, thriving practice, I don't think that I'd have a shot. But you don't know if you don't ask. My platform of choice for this is LinkedIn sales navigator. A small...
  20. Jaywalker

    BUYING BOOMER BUSINESSES

    IDEA 
    I'll clarify the comment. Accounting uses technology, but being an accountant is different than trying to set up a SaaS company. I am eager to utilize new tech for the accounting industry, but I don't want to develop software. I'm optimistic that AI will augment accountants rather than...

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