Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

In this episode, I scaled my business from zero to $3 million through organic growth, but eventually, I felt like I hit a ceiling. That’s when I decided to acquire a $2.5 million accounting firm in Los Angeles. In this episode, I explain why I made that decision, how acquisition compares to building from scratch, and what shifted in my mindset over the past couple of years. I also share what I learned from evaluating both sides of the growth equation and why firm ownership started making more sense than it ever did before.

Timestamps:

00:00:00 Intro

00:00:50 Why I didn't buy a firm to hit $3M revenue

00:01:56 Visiting the LA firm and evaluating culture

00:02:51 Organic growth vs. acquisition: hitting a ceiling

00:04:14 The power of trust, organic reach, and changing market dynamics

00:05:29 Learning to see both sides: building vs. buying

00:07:46 Pros of acquisition: faster and more scalable

00:10:07 Building a real business vs. owning a high-paying job

00:12:54 Synergies and valuation uplift from acquisitions

00:14:40 Cost breakdown: paid ads vs. buying a firm

00:17:08 Hiring risks vs. acquiring established teams

00:18:08 Final thoughts on firm ownership and what’s next

Want me to answer your real estate questions? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

Let's connect!

► Instagram: https://www.instagram.com/ryanbakkecpa/

► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/

► Twitter: https://twitter.com/RyanBakkeCPA

► Facebook: https://www.facebook.com/ryanbakkecpa

► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

292: Why One Person Can't do Everything in Data

Explicit Measures Podcast

Introduction

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