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Getting Accounting Done the Fast & Easy Way with Randal DeHart

πŸ“… February 26, 2020 ⏱️ 1:12:12 🎀 Randal DeHart, Tommy Mello

Chapters

Click to jump to section

  • 0:00
    Getting accounting done fast and easy
  • 6:34
    The competitive spirit behind the business
  • 13:06
    Why he loves brand-new startups
  • 16:23
    The owner who does everything themselves
  • 19:39
    The vendors who float on your money
  • 22:57
    The one report he now checks every day
  • 26:12
    The systems that started in the '90s
  • 32:47
    Learning everything about the client first
  • 36:01
    Calculating from your employee count
  • 39:27
    'I can't hire anyone, they're all stupid'
  • 42:46
    Expanding beyond being the handyman
  • 46:06
    Keep fresh water flowing or become a swamp
  • 49:28
    Spend time with successful people

Speakers

R
Randal DeHart
Construction Accounting & Bookkeeping Expert
T
Tommy Mello
Host; Founder & CEO, A1 Garage Door Service

Key Takeaways

✦

Accounting done fast and easy comes from the right systems and reports, so you check the numbers daily instead of dreading them.

✦

The owner who does everything β€” taxes, truck tune-ups, answering phones β€” will never scale; you have to hand off the hats.

✦

Watch your cash timing: vendors and customers who pay late are effectively borrowing your money, and it adds up.

✦

One simple report you once thought was stupid can become the number you look at every day to run the business.

✦

If you think you 'can't hire anyone because they're all stupid,' the problem is your process, not the labor pool.

✦

A business is like a body of water β€” if you don't keep fresh water (ideas, people, customers) flowing in, it becomes a swamp.

✦

Spend time with successful people and read voraciously; proximity and learning compound into better decisions.

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