238 Getting Stuck at $1.2M and Getting Out of the Way [Part 1] (feat. Scott Scarano, EA)

Episode 238

FACULTY: Scott Scarano, EA and Matt Kid, CPA

CLASS: #Shoperations

In this episode, one of Accounting High’s substitute teachers, Matt Kidd, CPA interviews Scott Scarano, EA, about his journey through accounting. Scott shared how his grandfather's CPA firm and the family software business shaped his early career, as well as the tough times he faced during college before finding his way back to accounting. He talked about his experiences with remote work, using Xero, and implementing EOS, all of which helped him transform his firm and himself. Over time, Scott grew the business significantly and reinvented his role, evolving from an accountant to a full-fledged entrepreneur.

📣 Shout Outs: Kenji Kuramoto, Jason Staats, Matthew May, Christopher Leon, Jason Ackerman, Bernie Ackerman, Acuity, Xero, XeroCon, XPAC, Thompson Reuters, QuickBooks, BNA CPA’s North Carolina

⬇️Videos Referenced ⬇️

Tax Firm Adding Value with Financial Planning and CAS feat Matt Kidd, CPA

(https://youtu.be/X-_9E-4YBXQ)

📚 Books Referenced 📚

Rocket Fuel by Gino Wickman and Mark c. Winters

(https://www.eosworldwide.com/rocket-fuel-book)

What the Heck is EOS by Gino Wickman and Tom Bouwer

(https://www.eosworldwide.com/what-the-heck-is-eos)

Traction by Gino Wickman

(https://www.eosworldwide.com/traction-book)

Chapters:

00:00 Teaser 

01:16 Introducing ... Scott Scarano, EA??? 

02:33 How Scott Got into Accounting 

05:15 College Years and Career Beginnings 

06:04 Struggles and Turning Points 

09:28 Building the Firm 

12:02 Growth and Expansion 

16:29 Challenges and Adaptations 

17:42 Remote Work Experimentation 

18:18 Accountant or Entrepreneur? 

19:13 Discovering Xero 

20:49 Networking and Growth 

24:15 Embracing EOS 

26:13 Visionary vs. Integrator 

28:47 Challenges and Realizations 

32:28 COVID and Transformation 

35:38 Part 2 Preview

🔗 Connect With Us On LinkedIn! 🔗

Matt Kidd, CPA

📎 https://www.linkedin.com/in/matthewkiddcpa/

Scotty OKR Scarano

📎 https://www.linkedin.com/in/scottscarano/

Accounting High

📎 https://www.linkedin.com/company/accounting-high/

📎 https://www.accountinghigh.com/

Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, Entrepreneur Journey, Firm Growth, EOS, Leadership, Financial Freedom, Scale Business, Scale Firm