How an Entrepreneurial Mindset is Changing Accounting Firms
After witnessing the inevitable burnout that happens to many who practice the “old school” accounting business model, Erik Solbakken knew that he was destined for a different path. Applying entrepreneurial methods to his accounting practice, soon Erik discovered an exciting new way of doing business. In this episode, he shares some of his insights and ideas that are helping accountants all over the world find new freedom in their practices while increasing revenue.
Erik Solbakken CPA, CA is a Speaker, Author, Business Advisor and Creator of the Accountant Success FormulaTM. For 26 years he was in public practice, working with over 750 business owners. He discovered a business model so effective that it allowed him to triple his firm’s net income while creating a successful accounting practice that provided an ideal lifestyle. A thought leader in his field, Erik now shares this updated business model with accountants around the world, showing them how to maximize profits, attract the best clients and claim back the time and freedom they deserve.
About the Guest
Meet the Host
Randy Crabtree, CPA
Randy Crabtree, co-founder and partner of Tri-Merit Specialty Tax Professionals, is a widely followed author, lecturer and podcast host for the accounting profession.
Since 2019, he has hosted the bi-weekly “The Unique CPA,” podcast, which ranks among the world’s 10% most popular programs (Source: Listen Score). You can find articles from Randy in Accounting Today’s Voices column, the AICPA Tax Adviser (Tax-saving opportunities for the housing and construction industries) and he is a regular presenter at conferences and virtual training events hosted by CPAmerica, Prime Global, Leading Edge Alliance (LEA), Allinial Global and several state CPA societies. Crabtree also provides continuing professional education to top 100 CPA firms across the country.
Schaumberg, Illinois-based Tri-Merit is a niche professional services firm that specializes in helping CPAs and their clients benefit from R&D tax credits, cost segregation, the energy efficient commercial buildings deduction (179D), the energy efficient home credit (45L) and the employee retention credit (ERC).
Prior to joining Tri-Merit, Crabtree was managing partner of a CPA firm in the greater Chicago area. He has more than 30 years of public accounting and tax consulting experience in a wide variety of industries, and has worked closely with top executives to help them optimize their tax planning strategies.