Is your firm working for you, or are you working for it? Are you structured to scale? Does your team include all vital functions required to flourish? Are you working with the most profitable clients? And what return on capital do you require in the next 10 years to build a business that provides your ideal passive income?
No matter how smooth your firm is operating, there is always room to finetune your business model, grow your bottom line further, and ultimately detach yourself from the day-to-day while still earning an income.
In this video, Richard Snell is joined by Ed Chan from Chan & Naylor and WIZE Mentoring to discuss how you can develop a 10-year growth plan for your accounting firm. Ed shares the steps every firm owner should take when planning for the future, what to consider, and recommendations that will help you enjoy constant improvement.
What your 10-year growth plan needs to include
What to consider in the core areas that will impact your growth
Ed's top recommendations to enjoy constant improvement
How to identify the return on capital you require to build a business that provides your ideal passive income
Founder & Non-Executive Chairman, Chan & Naylor
Ed started Chan & Naylor from a small home office in Sydney and grew it into a National Financial Services Organisation that now works without him, with offices in most capital cities around Australia, servicing more than 10,000 clients.
In 2018 he co-founded WIZE Mentoring, a network for accountants who want to know how to successfully grow their firm and have it run without them.
Director of Sales, Asia-Pacific, Karbon
Richard brings almost 20 years of leadership experience working for SaaS companies in the accounting industry including MYOB, QuickFee and Wolters Kluwer. He has a proven record of helping accounting firms leverage technology to grow and improve their business.