Many of you know how difficult and time consuming it can be to run a tax factory: It’s all too easy to get buried under a mountain of tax, underprice services, and be in what feels like a near steady state of chaos. The desire is often to work...
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Many of you know how difficult and time consuming it can be to run a tax factory:
It’s all too easy to get buried under a mountain of tax, underprice services, and be in what feels like a near steady state of chaos.
The desire is often to work 25 hours a week and take home compensation that’s respectable, and representative of all the work you have put in to attain the knowledge that can be so valuable, and to stop grinding it out.
My guest today is Catherine Ozment.
Catherine Is a CPA in south Texas, who called last year, wanting to get off the hamster wheel and get intentional about creating a thriving practice that is designed and built to sell at a high multiple. We’ve been working together on that vision. For just shy of a year.
We’re talking about what has changed and what she’s learned along the way, so that you can have a window into what shifting your accounting practice is actually like.
“I’m finally making a transition from running a tax factory to having a niche, building relationships with the right clients, and providing real value.”
“I was ready to stop putting numbers in boxes and really help my clients do a lot better financially: budget, plan for growth, be CFO.”
“I have 7 grandbabies. I didn’t want to be working 60-80 hours a week anymore. But I needed somebody else to help me make things change.”
“The hardest part about niching is that the clients in your roster are real people whose lives you are a part of. But we found a way to keep those clients and still be profitable, so I feel like I have the best of both worlds.”
“At first it was hard to quote these prices that were so much higher than I was used to, but then, once I saw that I was able to save them 6 digits year after year, I really started to appreciate the value I brought to the table. At that made pricing a lot easier.”
“The biggest thing has been the mindset shift: getting out of minutiae and putting myself in the CEO chair.”
Connect with Catherine:
Want to find out what options you might have for working together?
More about 1:1 coaching, roadmaps, and DIY courses here: