376 The Online Community for New Accounting Firm Owners
Dec 3, 2024
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Logan McGrathman, Founder of Counter, shares insights on building a thriving online community for new accounting firm owners. He discusses strategies for client acquisition and navigating staffing challenges, including the benefits of offshore hiring. The conversation highlights the importance of transparency and modern tools in managing firms. Logan also addresses fears surrounding social media for accountants and envisions a collaborative future for the profession through supportive online networks.
Logan McGrathman created Counter to address the high demand for mentorship among new accounting firm owners through a supportive community platform.
He stresses the importance of an entrepreneurial mindset for new accountants, encouraging them to view pricing as a strategic business decision.
Deep dives
The Need for a New Accounting Community
Logan McGrathman discusses the inspiration behind creating Counter, a community tailored for new accounting firm owners. He recounts receiving numerous requests for advice and mentorship from aspiring accountants, which made him realize the demand for support in the industry. This realization stemmed from his own experiences as a new firm owner, where he faced challenges and sought guidance from established professionals. Ultimately, Logan aimed to establish a platform that would offer collective wisdom and foster a supportive environment, as he believed a community-focused approach could provide far more value than individual consultations.
Building Anticipation for the Community Launch
In preparation for the launch of Counter, Logan strategically cultivated interest by sharing updates and gathering feedback through an email list of prospective members. He created an interest form early on to gauge excitement and to collect ideas for future content, which allowed him to fine-tune the community's offerings. Despite facing delays due to the busy tax season, Logan emphasized the importance of building anticipation, which ultimately led to a successful launch where many members were engaged from the start. This careful planning helped ensure that when the community was launched, it had a strong foundation and an eager membership base.
The Entrepreneurial Mindset in Accounting
Logan emphasizes that new firm owners must adopt an entrepreneurial mindset rather than restricting themselves to conventional accounting practices. He highlights the necessity of viewing pricing strategies as part of broader business tactics, suggesting that accountants often underestimate their own value. By adjusting pricing based on client demand and what the market can bear, new accountants can escape the typical constraints that keep them from maximizing their potential. This shift in perspective aims to empower accountants to think creatively and strategically in running their businesses to achieve better financial outcomes.
Ongoing Value and Future Growth of the Community
Counter is structured to evolve continuously based on member feedback, aiming to provide ongoing educational value through various initiatives and expert insights. Logan introduces recurring series within the community, including sessions where members can share their experiences and valuable lessons learned. He also invites experts from adjacent industries to diversify knowledge and help members enhance their business acumen beyond traditional accounting practices. This commitment to fostering growth and collaboration positions the community as a dynamic resource for new firm owners seeking ongoing support and improvement.
Check out Logan’s YouTube channel here https://www.youtube.com/channel/UCF2X_OgakltGGp-r5AJNsPQ His Twitter https://x.com/LoganGrafTax And LinkedIn https://www.linkedin.com/in/logangraf/ And his new community, Counter https://countercommunity.co/
🫠 Are you stuck in a legacy firm? Over 100 progressive firms are looking for accountants like you on Jason’s job placement platform: https://jason.careers/
🗣️ Continue the discussion on social! Twitter https://twitter.com/JStaatsCPA LinkedIn https://www.linkedin.com/in/jstaats/ YouTube https://www.youtube.com/@jasoncpa
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