Episode #151: Dark Horse’s Revolutionary Model for CPAs and Clients with Chase Birky
Jan 25, 2024
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Chase Birky, founder of Dark Horse CPAs, discusses their innovative platform that empowers CPAs and small businesses. He shares his personal journey, the importance of community and family support, and the challenges of building a business. They also touch on the emotional toll of being a CPA and the benefits of joining supportive communities in the accounting profession.
Dark Horse CPAs offers an accelerator program and platform for entrepreneurial-minded CPAs to build successful practices and merge existing firms onto their system.
Entrepreneurs in the accounting profession must prioritize their physical and mental health, maintain work-life balance, and seek support from loved ones and communities.
Dark Horse CPAs emphasizes the importance of slow and sustainable growth, focusing on internal development and rebuilding foundational systems to maintain stability and support CPAs effectively.
Deep dives
The Journey of Dark Horse CPAs
The podcast episode explores the journey and business model of Dark Horse CPAs, a platform aimed at supporting entrepreneurial-minded CPAs in building and scaling their own practices. Dark Horse offers an accelerator program to help experienced CPAs establish six-figure practices, and also allows firms to merge into their platform. They provide resources, technology, staffing, marketing, and infrastructure support to help practitioners focus on client service and practice development. The episode highlights the importance of community and the power of coming together as accountants to share experiences and support each other in building successful firms.
The Challenges of Entrepreneurship
The episode discusses the challenges and personal toll of entrepreneurship, particularly in the accounting profession. It emphasizes the need for entrepreneurs to recognize the impact on their physical and mental health, as well as their relationships. It also highlights the importance of finding a balance between work and family life, setting realistic expectations, and seeking support from loved ones. The episode encourages entrepreneurs to join communities and platforms that provide empathy, mentorship, and resources to navigate the entrepreneurial journey.
Lessons Learned and Scaling Strategy
The podcast delves into the lessons learned and scaling strategy of Dark Horse CPAs. It acknowledges that growth has been challenging but necessary, and the company has learned from mistakes and made adjustments along the way. It discusses the importance of not scaling too quickly, as it can hinder the ability to support the brand promise and the needs of the CPAs. The episode also reveals the focus on internal development and rebuilding foundational systems and processes to ensure stability and sustainability.
Building a Supportive Ecosystem
The podcast episode explores the vision of Dark Horse CPAs in building a supportive ecosystem for both CPAs and clients. It discusses the platform's efforts to expand its services, including the addition of outsourced teams and private wealth management. The focus is on providing a higher level of support and value for small businesses that often struggle with being underserved by practitioners or big firms. The goal is to create a valuable network and resources for CPAs and clients alike.
The Need for Collaboration and Innovation
The episode emphasizes the need for collaboration and innovation within the accounting profession. It encourages accountants to come together, share experiences, and benefit from different perspectives. The podcast highlights the power of community and the potential for accountants to drive positive change by challenging traditional models and finding new ways to serve clients and support each other's growth and success.
Venture into the accounting realm with none other than Chase Birky, founder of Dark Horse CPAs— a firm that's galloping ahead of the competition by empowering small businesses and accounting professionals alike.
With an innovative platform designed to incorporate outsourced teams and private wealth management, Dark Horse is redefining value for CPAs and clients.
Explore the personal entrepreneurial journey, highlighting the balance between commitment to business and personal life, as well as the emotional toll that comes with the territory of being a business owner. Chase opens up about his transition from big four accounting to the helm of Dark Horse and the innovations that keep them unique amid private equity's watchful eye.
The journey doesn't stop there. Learn how Dark Horse stands out by offering CPAs growth, equity, and incentives— a cocktail of opportunities rivalling what some might expect from a private equity model, yet still personifying a touch of entrepreneurial freedom and support. And of course, we'll touch upon the crucial support networks required in such a demanding field, underscoring the importance of community, family, and technological tools like Bill, our exclusively featured sponsor, that glue businesses together.
So, whether you're a CPA looking to leap onto a new saddle or simply keen on the foresight that's driving modern firms forward, grab your headphones, and let's embark on a journey into the evolving world of accounting with Chase Birky and Jason Blumer as your guides.
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