In this insightful episode, Rick shares his unique journey—from building a firm with only $20 in savings to managing a staggering half a billion dollars in his current RIA. His book delves into 30 essential lessons for professional service business owners, covering topics from branding to increasing referrals through professional networks.
Here's a glimpse of the engaging topics we explore with Rick:
Topic 1: Company Culture and Business Growth
Defining "company culture" in the context of building a professional firm.
How a strong company culture contributes to firm growth and success.
Topic 2: Trust Compression and Edification
Understanding "Trust Compression" and its significance in business relationships.
The role of "edification" in growing both a company and professional networks.
Topic 3: Challenges to Growth for Professional Advice Firms
Common challenges that professional advice firms face in achieving growth.
Strategies to overcome challenges for sustainable and meaningful growth.
Topic 4: Good Growth vs. Bad Growth
Distinguishing good growth from bad growth in professional firms.
Advice for navigating the complexities of growth for service business owners.
Topic 5: The National Referral Network
Unique aspects of the National Referral Network and its benefits for professionals.
How professionals can leverage participation in such a network.
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We know that everyone digests information differently. That’s why we’re now sharing the full transcript of each episode of The Growth Minded Accountant right here on the CountingWorks PRO blog. Whether you’re short on time, like to scan and highlight, or simply prefer reading over listening, you can catch up on every conversation at your own pace.
Each week, we cover topics that matter most to tax and accounting professionals—from AI and automation to marketing strategies, firm growth, and client relationships. Scroll down to read the full episode, or subscribe to the podcast to listen on the go.
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