Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

I SOLD MY COMPANY...

I SOLD MY COMPANY...

FromRyan Pineda


I SOLD MY COMPANY...

FromRyan Pineda

ratings:
Length:
87 minutes
Released:
Nov 3, 2023
Format:
Podcast episode

Description

Ryan announces that he's selling his CPA firm, TrueBooks, to his co-founder, Matt Bontrager, despite having grown the company significantly, with 500-600 clients over the last five years. Need tax and accounting help? Contact TrueBooks! https://app.truebookscpa.com/ryanpinedaChek out Matt's Bookkeeping Blueprint here - https://www.ghd56btr.com/8LJN31/31X75W/?source_id=podcast---Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where I go over all the fundamentals of building wealth. https://www.wealthyway.com/Want to be coached by me on real estate investing? Join our Wealthy Investor program today at https://wealthyway.co/ytWould you like my team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyyCreate your business to grow your revenue, scale your organization, and make an impact with help from Wealthy Business! Apply here https://wealthyway.co/50dWant to partner with me to supercharge your business? Apply at https://www.pinedapartners.com/You can invest in my real estate deals! Go to https://pinedacapital.com ---Connect with matt! Instagram - https://www.instagram.com/mattbontrager/https://www.instagram.com/bookkeeping_blueprint/https://www.instagram.com/truebookscpa/TikTok - https://www.tiktok.com/@mattbontrager_?is_from_webapp=1&sender_device=pcThe decision stems from Ryan's evolving priorities and numerous entrepreneurial ventures.Truebooks was initially established out of necessity, but it saw exceptional growth, from $110,000 in the first year to $2.6 million just last year. This success arose through organic growth rather than ads, with the advantage of recurring revenue associated with tax services.Ryan and Matt's professional relationship has been transformative, with Matt's role evolving from an initial bookkeeper to co-founder. However, as the business flourished, they encountered diverging preferences regarding the pace of expansion and risk tolerance.Matt's affinity for stability contrasts Ryan's proclivity for risk-taking and rapid expansion. They acknowledge that these differing visions are leading them in opposite directions, which doesn't align well for business partners.The decision to sell isn't indicative of a flawed partnership; rather, it reflects the natural evolution of their individual journeys. The realization that people and businesses have life cycles has been enlightening, allowing them to handle changes and departures with a more pragmatic outlook.The conversation transitions to imposter syndrome. Matt believes that questioning oneself too much can hinder entrepreneurial success. He has created a second business, Bookkeeping Blueprint, aimed at teaching people to build their bookkeeping practice, emphasizing the importance of bookkeeping in managing a business's financial health.Ryan's focus has shifted towards businesses that offer purpose and fulfillment alongside financial success. He's currently dedicated to enhancing his existing businesses, emphasizing the importance of creating clear expectations for employees and being hands-on to inspire and lead by example.They agree that success is often about persistence, emphasizing that honing one's skills and sticking with tasks, even if challenging, leads to achievement. As leaders, they stress the importance of showing employees how to achieve their goals and gain their buy-in to build momentum for change.
Released:
Nov 3, 2023
Format:
Podcast episode

Titles in the series (100)

The Ryan Pineda Show features inspiration, content, and top guests from all industries. This includes business, real estate, social media, sports, health, and entertainment.Ryan Pineda is an Entrepreneur, Real Estate Investor, Influencer, Retired Pro Baseball Player, and Best Selling Author. Visit RyanPineda.com to learn more about how we can help you! For inquiries please email media@ryanpineda.com