))
53 - From Employee to Owning a $3.5M Accounting Firm in Only 2 Years with Patrick Dichter
Manage episode 438075460 series 3591759
Το περιεχόμενο παρέχεται από το Nikolas Hulewsky. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Nikolas Hulewsky ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨
Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Patrick Dichter ( https://x.com/patrickdichter ), the owner of Appletree, an accounting and tax firm he acquired just two and a half years ago. Despite not being a formally trained accountant, Patrick managed to grow Appletree from $1.2 million to $3.5 million in revenue in just two years. In this episode, we dive into the unique challenges and opportunities of buying and growing a business, particularly in the service-based industry. Patrick shares his insights on the benefits of owning an accounting firm, including its recession-resistant nature, high profit margins, and the "sticky" nature of client relationships.
We also explore his strategies for scaling through acquisitions, the importance of clean bookkeeping, and why having a "chip on your shoulder" can be a powerful motivator in business.
Questions this Episode Answers:
- How did Patrick grow Appletree from $1.2 million to $3.5 million in revenue in just two years?
- What are the advantages of owning an accounting firm, even without a background in accounting?
- What challenges did Patrick face in managing a team and integrating new acquisitions?
- How can you successfully scale a service-based business?
- What should entrepreneurs consider when buying a business?
___________________________
Leave us a review on Apple Podcasts or Spotify and you could WIN $100!!
Screenshot it, send it to us, and you will be automatically entered to WIN $100!
Spotify: https://tinyurl.com/5avyu98y
Apple: https://tinyurl.com/bdxbr284
Every week I will pick a random listener who left a review to GET PAID!
___________________________
YouTube: https://tinyurl.com/nikonomicsYT
___________________________
This week we covered:
01:30 Sponsor Message: Win $100
02:12 Interview with Patrick Dichter Begins
02:18 Patrick's Journey into Accounting
03:16 Understanding Bookkeeping and Accounting
03:46 Why Accounting Firms are Attractive
05:23 Acquiring and Growing the Business
08:47 Financing the Business Purchase
12:40 Transitioning the Business
15:52 Managing and Growing the Firm
16:34 The Demand for Accounting Services
17:06 Challenges in the Accounting Industry
17:35 Connecting with the Accounting Team
18:38 Growth and Expansion Strategies
21:07 Acquiring and Managing New Practices
23:13 Customer Acquisition and Retention
26:17 Rapid Fire Questions
29:46 Podcast and Final Thoughts
80 επεισόδια
Μοίρασέ το
