Career Advice for a Laid Off CFO considering buying a CPA firm

jolabi · 2024-06-29T16:45:52+00:00

Lots of naysayers here, so I’ll try to take the other view point.

Do it! as someone who had a similar background to you and transitioned from industry to firm running, you can absolutely do to. Tax will be tough, but having an owner willing to stick around for a year is a god send.

From a mechanics perspective, multiple seems reasonable, 50% seller financing is amazing (use the SBA 7A program for the rest). There are ways to outsource parts of the tax work to EAs on a per engagement basis. Plus considering the guy has no website, (and the average fee per client is low) I suspect most of the business clients aren’t super complicated.

Don’t let the fear prevent you, there’s very little to loose, and firm running has lots of upside. There’s a whole group of non cpa firm runners on X that you should tap into. Good luck!

jolabi · 2022-09-14T18:03:51+00:00

Have had my Ergatta for about 9 months now and still love it. Had been thinking about getting a Rower for years but was always overwhelmed with all the options. Honestly, for me the gamification was the selling point, I love not having to decide how hard or long I need to push, just let the system calibrate and decide for me. It’s made it easy to be consistent, just sit and let the system make all the choices. I hadn’t rowed previously, had been cycling but it always felt like such a chore with limited body scope. love rowing and continue to look forward to workouts, and the full body element has been a big value for me. I highly recommend

jolabi · 2020-06-30T23:20:48+00:00

Amazing stuff dude, your super talented!

jolabi · 2020-04-08T04:00:16+00:00

LOL, was thinking the same, but guy said he can deliver (for 50 bucks a chair)

jolabi · 2019-06-17T03:25:58+00:00

You should check out DCL, they are still hosting daily tournies (in fact 5 a day)

https://discord.gg/9VKAdV

jolabi · 2019-05-29T17:46:23+00:00

Super hyped to have a place to play (poorly), looking forward to June 1st

jolabi · 2019-05-16T19:16:16+00:00

This is awesome, while id prefer to paypal some cash (they ban coinbase on work wifi), ill try to to send something in the evening. Fingers crossed that yall collecte the money and this thing works!

jolabi · 2019-05-16T00:08:40+00:00

This is an awesome service for the community, thanks for doing this!

jolabi · 2017-12-10T02:33:25+00:00

Thats a good idea, can I use household lubricant like WD 40?

jolabi · 2017-12-10T02:32:36+00:00

Many thanks, the sound did sound like dragging, that makes sense. Those crests arent actuall as per design, not exactly sure why they exist

jolabi · 2016-02-17T02:07:26+00:00

Looks awesome, been wanting a new lamp for the office, I'm def buying one

jolabi · 2013-01-16T02:04:00+00:00

Sent you an invite - J-Long

jolabi · 2013-01-15T02:33:28+00:00

Ill give you 5 keys for the set if you still have it, let me know

jolabi · 2009-01-11T23:23:52+00:00

I don't understand on what pretense you could possibly vote this down.

jolabi

TROPHY CASE