I SOLD MY COMPANY...
Wealthy Way
Introduction
The chapter explores the speaker's journey of selling their CPA firm and the challenges of running a successful business. It delves into the decision to transition from being a solo entrepreneur to building a team, introducing the co-founder who will take over the firm.
Ryan announces that he's selling his CPA firm, TrueBooks, to his co-founder, Matt Bontrager, despite having grown the company significantly, with 500-600 clients over the last five years.
Need tax and accounting help? Contact TrueBooks! https://app.truebookscpa.com/ryanpineda
Chek out Matt's Bookkeeping Blueprint here - https://www.ghd56btr.com/8LJN31/31X75W/?source_id=podcast
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Connect with matt!
Instagram - https://www.instagram.com/mattbontrager/
https://www.instagram.com/bookkeeping_blueprint/
https://www.instagram.com/truebookscpa/
TikTok - https://www.tiktok.com/@mattbontrager_?is_from_webapp=1&sender_device=pc
The decision stems from Ryan's evolving priorities and numerous entrepreneurial ventures.
Truebooks was initially established out of necessity, but it saw exceptional growth, from $110,000 in the first year to $2.6 million just last year. This success arose through organic growth rather than ads, with the advantage of recurring revenue associated with tax services.
Ryan and Matt's professional relationship has been transformative, with Matt's role evolving from an initial bookkeeper to co-founder. However, as the business flourished, they encountered diverging preferences regarding the pace of expansion and risk tolerance.
Matt's affinity for stability contrasts Ryan's proclivity for risk-taking and rapid expansion. They acknowledge that these differing visions are leading them in opposite directions, which doesn't align well for business partners.
The decisio
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generat...
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