Growth Strategies: Assessing Bigger vs. Better - podcast episode cover

Growth Strategies: Assessing Bigger vs. Better

Jan 01, 20256 minSeason 4Ep. 82
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Episode description

Is scaling up always the best option? Or is refining and improving your existing operations the way forward?

Do you wanna be bigger and better?

Do you wanna be better and better?

How do you wanna spend your time in the new year and really create your intentions around your business?"

Key Takeaways:

Opportunity Cost

Understand the sacrifices entailed in the pursuit of business growth. Time, family, personal interests—all could be impacted.

Control vs. Delegation

Giving up control can be daunting, but smart delegation is crucial for scalability.

Intentional Planning

Regularly pausing to reflect and plan with intention can help you navigate the path between staying small and growing bigger.

It's all about the the delicate balance between getting bigger and being better, and finding out how to make intentional choices that align with your business goals.

This episode is brought to you by PureTax, LLC. Tax preparation services without the pressure. When all you need is to get your tax return done, take the stress out of tax season by working with a firm that has simplified the process and the pricing. Find out more about how we started.

Running a business doesn’t have to run your life.

Without a business partner who holds you accountable, it’s easy to be so busy ‘doing’ business that you don’t have the right strategy to grow your business.

Stop letting your business run you. At Harper & Co CPA Plus, we know that you want to be empowered to build the lifestyle you envision. In order to do that you need a clear path to follow for success

Our clients enjoy a proactive partnership with us. Schedule a consultation with us today.

Download our free guide - Entrepreneurial Success Formula: How to Avoid Managing Your Business From Your Bank Account.

Glenn Harper, CPA, is the Owner and Managing Partner of Harper & Company CPAs Plus, a top 10 Managing Partner in the country (Accounting Today's 2022 MP Elite). His firm won the 2021 Luca Award for Firm of the Year. 

An entrepreneur and speaker, Glenn transformed his firm into an advisory-focused practice, doubling revenue and profit in two years. He teaches entrepreneurs to build financial and operational excellence, speaks nationwide to CPA firm owners about running their businesses like entrepreneurs, and consults with firms across the country. Glenn enjoys golfing, fishing, hiking, cooking, and spending time with his family.

Julie Smith, MBA, is a serial entrepreneur in the public accounting space. She is the Founder of EmpowerCPA™, Founder of PureTax, LLC, COO for Harper & Company CPAs Plus, and Co-host of the Empowering Entrepreneurs podcast. 

Named CPA.com's 2021 Innovative Practitioner of Year, Julie led Harper & Company's transition to an advisory-focused firm, doubling revenue and profit in two years. She now empowers other CPA firm owners nationwide through consulting and speaking, teaching them how to run their businesses like entrepreneurs. Julie lives in Columbus, OH with her family and enjoys travel, coaching basketball, sporting events, and the occasional shopping spree.

Copyright 2025 Glenn Harper

Transcript

Glenn Harper [00:00:00]:

Hello, everyone. Welcome to another edition of Living Fast Forward. I'm Glenn Harper.

Julie Smith [00:00:03]:

Julie Smith.

Glenn Harper [00:00:04]:

What's going on?

Julie Smith [00:00:05]:

Well, you know, I'm really hoping you don't throw me for a loop on the topic that you suggested before we started.

Glenn Harper [00:00:10]:

Oh, it's TBD. TBD determined, the most excellent thing to talk about. And I thought and I guess we talked about this a little bit, but the major question for entrepreneurs, is it bigger better or is just better better? Which way should you go? And that's a great discussion to have about clients because if you're an entrepreneur, to get bigger, sometimes if you think you're gonna do it all yourself, well, something has to give. You're gonna take away time from something else to put the time to your business to do.

Julie Smith [00:00:38]:

Mean? I'm just gonna apply for more time in a day?

Glenn Harper [00:00:40]:

Oh, yeah. That there is a provision on that.

Julie Smith [00:00:42]:

I yeah. I I filled it out a lot of times.

Glenn Harper [00:00:45]:

Or you try to get smarter and you try to leverage that to try to get bigger. But with bigger, becomes more headaches, more houses, and more things. But America didn't grow great because we wanted to just stop. We just want to keep getting bigger and bigger and better. So I think that hefty balance of what it is being better and bigger, making that work in a way that you can control that growth where you can you don't lose yourself in it.

Julie Smith [00:01:09]:

Well, I think we talk a lot about opportunity cost. Right? So, you know, is better better in regards to keeping your cards close and being able to control everything and do everything yourself and being able to make those choices, or is bigger better where, like you said, you're able to leverage certain resources in order to scale your business? And as we all know, we've all been there, that comes with a lot of headaches.

Glenn Harper [00:01:33]:

It's terrifying giving up control and responsibility to others. You never know know how they're gonna handle it. They can do it, and you find out a little bit too late sometimes. Well, they didn't do it quite right. But that's part of the nature of everyone.

Julie Smith [00:01:43]:

But But then I think, you know, what happens is it's time. And although I claim to have some provision to give you more time in a day, I certainly don't. It's just where does that time come from, and what is the sacrifice you're willing to make? You know, it's all about that opportunity cost. So, you know, oftentimes, is it time with your family that you're willing to kind of give up in order to grow a business? Is it short term? Is it long term? What does that look like? I know we just talked about intentions on a on an episode prior, but, like, if you're gonna grow and scale your business, you better be able to carve out that time that you know whether you enjoy golfing, you enjoy having time with your family, whatever it is, you're gonna have to be able to carve that out. But what if you have to give that up?

Glenn Harper [00:02:24]:

Well but I think that comes back to the whole point is you have to decide if you wanna be bigger to be bigger or if you wanna be better to be better. And and that gets reversed a little bit more to moving with intent of What do you want it to do? And you map out both and see which one is appropriate for you and say, yeah. I like option a or option b. But if you don't map it out, you don't think it through, you're just gonna meander through the desert like everybody else always does.

Julie Smith [00:02:49]:

Well, I think for entrepreneurs, it's really hard concept to grasp because you're in the trenches head down. Right? It's like next task, next task, whatever that is. And sometimes you get at to a certain point without even realizing it. And it's, you know, that awareness and intentions, but, you know, Glenn, what would be your advice to entrepreneurs? Because as we know, it's really easy to get in a head space where you don't think about those things. Then all of a sudden you've given up time and relationships, and you've done these things and you end up someplace. How do you what is your advice for entrepreneurs?

Glenn Harper [00:03:23]:

The easy is at some point, you're done with your head down grinding. You just gotta step away.

Julie Smith [00:03:28]:

But how do you know when that time is?

Glenn Harper [00:03:31]:

You you something is gonna come to a head to push you to that. And sometimes that's what it takes to get you to move with intention somewhere else or to reevaluate. But sometimes it's just good to make that part of your yearly monthly quarterly ritual is just say, I'm going to step away from doing this business and think clearly outside of what I'm trying to do. And the and you can't do it when you got a foot one finger on the keyboard and you're still in there connected. You gotta literally shut it off and go somewhere else and think it through.

Julie Smith [00:03:58]:

And I think, you know, as we end, you know, close to end 2024, we begin 2025. You and I keep saying 2025 is gonna be a great year. We're gonna have some great goals or some great intentions. I think for our entrepreneur listeners out there, now is a really good time to evaluate, do you wanna be bigger and better? Do you wanna be better and better? How do you wanna spend your time in 2025 and really create your intentions around your business?

Glenn Harper [00:04:24]:

I couldn't agree more. And, again, there's nothing like a little New Year's resolution or a end of the year pause and reflect and then setting the table to move with intention starting off the New Year. People, for whatever reason, like the New Year's a good cutoff date. I don't know why, but that's just the way we roll in America.

Julie Smith [00:04:40]:

So So 2025 is TBD.

Glenn Harper [00:04:42]:

TBD, make the choices. And, again, if you do nothing, you just continue on the way you're going, and that's okay too if that's what you like. If you think something's out of out of whack, try to move with more intention. Another fabulous edition of the Fast and Famous. I'm Glenn Harper.

Julie Smith [00:04:56]:

And I'm Julie Smith.

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