10 episodes

Has your business scaled beyond $1 million in annual revenue? Do you employ a staff of 20 or more people? If so, you've likely experienced a whirlwind of highs and lows that come with growth. You're not alone in your journey.

Since 2002, Summit CPA Group has helped firms across America and the globe by providing Virtual CFO services, cash flow management, business tax planning, financial forecasting, and much more. We've also performed hundreds of 401(k) audits and provided CPA Firms with accounting outsourcing services and VCFO consulting.

This podcast seeks to help service-based business owners dive deep into the financial side of their business to achieve growth and financial success. Tune-in bi-weekly as our host Jamie Nau interviews our CEO Jody Grunden and other members of the Summit CPA Group leadership team to share the knowledge and experience acquired from our 17 plus year run as one of the leading distributed Virtual CFO Firms for service-based businesses in North America.

The Virtual CPA Success Show for Creative Agencies Summit CPA Group

    • Entrepreneurship

Has your business scaled beyond $1 million in annual revenue? Do you employ a staff of 20 or more people? If so, you've likely experienced a whirlwind of highs and lows that come with growth. You're not alone in your journey.

Since 2002, Summit CPA Group has helped firms across America and the globe by providing Virtual CFO services, cash flow management, business tax planning, financial forecasting, and much more. We've also performed hundreds of 401(k) audits and provided CPA Firms with accounting outsourcing services and VCFO consulting.

This podcast seeks to help service-based business owners dive deep into the financial side of their business to achieve growth and financial success. Tune-in bi-weekly as our host Jamie Nau interviews our CEO Jody Grunden and other members of the Summit CPA Group leadership team to share the knowledge and experience acquired from our 17 plus year run as one of the leading distributed Virtual CFO Firms for service-based businesses in North America.

    Creating Recurring Revenue Streams

    Creating Recurring Revenue Streams

    At Summit CPA, we bill our clients through a weekly, subscription-based payment plan. After our early days of chasing unpaid invoices and dealing with clients who didn’t want to call us because they were afraid of the bill, we decided to move to a method of payment that is unique compared to other accounting firms.

    In this episode, we are joined by Jody Grunden to discuss the possible recurring revenue streams for digital agencies, and why it’s so valuable. Listen to learn about a stress-free way to set up and collect payments from your clients for your digital agency.

    • 25 min
    How to Prepare Your Business for a Recession

    How to Prepare Your Business for a Recession

    We have heard the word recession in 2019 more than we have over previous years. A recession is a retraction in the economy, and it is a normal part of the economic cycle. It’s common to worry about recessions because the most recent one was the longest in history lasting 18 months. Recessions typically don’t last as long.

    In this episode, we are joined by Jody Grunden to discuss the ins and outs of preparing your business for a recession. Listen to learn everything you need to know about getting your business through a recession.

    • 31 min
    Forecasting: How to do it right

    Forecasting: How to do it right

    A lot of companies out there do budgeting, but not many companies do forecasting. But budgets can often be too static, and they don’t take into account unexpected factors that could impact your ability to stay on track. In this episode, Jody Grunden, Jamie Nau, and Adam Hale discuss the importance of forecasting and how to implement it into your business. Listen to learn about how forecasting can be used to map out and reach your long-term business goals.

    • 31 min
    Understanding Pipeline Metrics

    Understanding Pipeline Metrics

    When it comes to setting sales goals, it’s important that every department of your business is on the same page. So how do you know if the work coming down the pipeline is going to be enough? Or too much? In this episode, Summit CPA CEO Jody Grunden joins Jamie Nau to discuss measuring pipeline analytics to set sales goals, and to make sure that your sales team is on the same page as those who are fulfilling the services. Listen to learn about the most important pipeline metrics and how to calculate them.

    • 34 min
    Financial Metrics: Net Income

    Financial Metrics: Net Income

    How much money should you be making if you work at a digital agency? No matter how big or small your business, the percentage of revenue you are earning should be about the same. In this episode, Summit CPA CEO Jody Grunden joins Jamie Nau to break down a basic income statement and explain the importance of each section. Listen to learn about where your revenue should be going to run a healthy business and how you can increase your profit margins.

    • 31 min
    Production Metrics: Effective Rate

    Production Metrics: Effective Rate

    Knowing your effective rate is critical for understanding profitability. If you get it right, your chances of success improve dramatically. If you get it wrong, it could mean you’re closing the doors.

    In this episode, Summit CPA CEO Jody Grunden joins Jamie Nau to break down production metrics. Listen and learn precisely how service businesses and creative agencies can determine if they’re running a profitable operation.

    • 28 min

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