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Join Aly and Andrew on a wild ride through the future of accounting focusing on business structures and so much more. Special guest Meryl Johnston from Bean Ninjas brings her A-game, sharing expert insights on how technology is empowering smaller firms and independent pros. They'll dive into the hurdles and hacks of scalability and regulatory mazes. Trust us, this is an episode you can't afford to miss!They walk through the thrilling evolution from big-league conglomerates to niche powerhouses. They'll break down the impact of mergers, the need for deep industry know-how, and the magic of outsourcing and automation. Meryl will dish on lifestyle firms where partners balance work and play while raking in the big bucks.They'll also tackle the broader picture: private equity's influence, generational wealth transfer, and savvy exit strategies. Adaptability is the name of the game, and they're here to make sure you're ready for every twist and turn.So join us for a future-forward episode packed with laughs, insights, and a sprinkle of cheekiness. Don't miss out on the next epic accounting adventure!AAAAA IS PROUDLY BROUGHT TO YOU BY OUR SPONSORSBGL SMSF administration and ASIC company compliance management software solutionsATO SmartDocs | ATO documents processed in seconds. Built to future-proof your ATO document processing by securely connecting to the ATO servers and loading your documents ready to be securely delivered to your clientsFYI Document management for Xero accounting practicesFOLLOW US ON THE SOCIALSwww.accountingadventures.com.auAccounting Adventures (@accadvpodcast) | InstagramAccounting Adventures | FacebookAccounting Adventures | LinkedInAly & Andrews All Aussie Accounting Adventures (@accadvpodcast) | X Email: podcast@accountingadventures.com.auCHECK US OUTALL IN Advisory | Your squad of award-winning accountants, tax wizards, and business visionaries, perfectly tailored to elevate your biz. Let's soar together! Illumin8 | Purpose-led cloud-driven accounting humansMUSICENTENTE (@ententemusic) | InstagramPRODUCTIONDavid Easton (@davidjeasty) | Instagram
Wayne Richard, the Chief Operating Officer at Bean Ninjas joins Yaron Been to help e-commerce entrepreneurs leverage financial data for business success. Bean Ninjas, is a leading accounting firm that supports e-commerce entrepreneurs to achieve financial independence. Whether you're a seasoned entrepreneur or just starting out, understanding the ins and outs of e-commerce finances is essential for sustainable growth and profitability. Join in as we demystify the complexities of financial management and equip you with the knowledge and tools you need to navigate the ever-changing landscape of online retail. In this episode we cover: 1. Importance of Financial Data Confidence. 2. Managing Financial Economics. 3. Cahflow Management Strategies. 4. Importance of Cashflow and Forecasting. 5. Leveraging Resources for E-commerce Business Growth. Links and Resources About Bean Ninjas. Connect with Wayne Richard. The EcomXFactor YouTube Channel. The EcomXFactor Facebook Community.
Welcome to Episode 104 of the eCom Ops Podcast! In this insightful episode, we dive deep into the world of e-commerce accounting with our special guest, Tom Mercer, from Bean Ninjas. Tom brings a wealth of experience, having worked with seven and eight-figure e-commerce businesses, and shares his journey from a globe-trotting accountant to a specialist in e-commerce finance.
Ready to grow your accounting firm? Let's listen to the wisdom shared by a seasoned entrepreneur, Meryl Johnston. A Chartered Accountant, founder of Bean Ninjas, and Head of Accounting at TeamUp, Meryl brings a wealth of experience to the table. Together, we chat about the power of niching down and the art of running a non-owner-centric business. Meryl shares her entrepreneurial journey, transitioning from CEO to a part-time advisor role, noting the importance of sticking to your goals while growing a business, and ensuring your needs and life take precedence.
It's crucial to recognize when you need the right expertise and equipment to achieve amazing outcomes.In this episode, Jordan West and Wayne Richard, COO of Bean Ninjas, shared their insights into the world of entrepreneurship and finance. They discussed everything from managing cash flow effectively to the tactical aspects of long-term investments. Listen and learn in this episode!Key takeaways from this episode:Importance of solving a problem that concerns customers and understanding the impact of financial decisions on the business.Bookkeeping and accounting play a significant role in helping founders make prudent decisions based on current financial data.Understanding contribution margin and its importance in marketing and scaling.Impact of high-interest loans on brands and advice on debt management.Strategies for brands struggling with high repayment rates and suggestions for seeking alternative financial solutions.Recommended App/Tool:Quickbooks: https://quickbooks.intuit.com/Xero: https://www.xero.com/Paypal: https://www.paypal.com/A2X: https://www.a2xaccounting.com/James Clear Newsletter: https://jamesclear.com/3-2-1Recommended Book:Atomic Habits: https://jamesclear.com/atomic-habitsPsychology of Money: https://www.audible.com/pd/The-Psychology-of-Money-Audiobook/B08D9TXF3HToday's Guest:Wayne Richard, COO of Bean Ninjas is a former corporate climber with experience working in financial planning and analysis for Hewlett Packard. He led teams focused on forward looking projection models and comparative analysis. He's helping founders understand the basics of financial planning and how their decisions were impacting their businesses.Connect and learn more about Wayne and Bean Ninjas:Website: https://beanninjas.com/LinkedIn: https://www.linkedin.com/in/waynedrichard/Improve your gross margins by up to 40%! Why Portless? Direct Shipping: From China to customers in just 6-8 days Domestic Feel: Custom packaging, local tracking from carriers Cost-Effective: Slash those cargo shipping and customs fees Cash Flow Positive: No more tied-up cash flow in inventory. Relieve yourself of frozen cash within a couple of days. Be Q4 Ready! Check out Portless for seamless fulfillment solutions, free sample product here: https://bit.ly/3SzOi0Z Get 5 Offers for 2 Products (10 in total) along with 10 highly engaging tried and true creatives, 30 captivating headlines, descriptions, and ad texts sent to you for only $99. Go to https://www.upgrowthcommerce.com/offer and order now - this offer is only available for a limited time.We love our podcast community and listeners so much that we have decided to offer a free eCommerce Growth Plan for your brand! To learn more and how we can help, click here: upgrowthcommerce.com/grow Join our community and connect with other eCommerce brand owners and marketers! https://www.facebook.com/groups/secretstoscalingpodcast
Wayne is the Partner & COO of Bean Ninjas - https://beanninjas.com Wayne was gracious enough to be our guest mentor for this episode of Mentoring Moments - thanks Wayne! ------------------------------------------- Welcome to 'Mentoring Moments', a sub-series of the Podcast Mentoring Moments is composed of clips taken from Jason's Mentorship Sessions These sessions cover topics such as: digital, eCommerce, retail, SaaS, marketing, tech and business - plus so much more! The episode title outlines some of the topics covered in the episode for reference If you'd like to join Jason's Mentorship Program ('The Mentor Sessions') for free and get answers to your own questions, head over to the registration page to apply for 1-1 mentorship with Jason on this page: https://www.greenwoodconsulting.net/jason-greenwood-mentor-sessions
I can't believe I got to interview a guy who looks like The Rock, only to find that his whole background was JUST like the Rock in Ballers - only instead of NFL players, he's helping eCommerce businesses to make millions! What a perfect storm! Ok, to be honest, I don't have a crush on The Rock… but I'm absolutely giving my guest for this week's episode, Wayne Richard, kudos for building a massive money empire. If you want to learn how to make money, hit play right now. You'll get all the secrets you need from Wayne ‘could-be-the-Rock' Richard, and then some. The co-founder of Bean Ninjas, Wayne's never met a financial problem faced by an eCommerce business he couldn't solve. Grab your notebook, people - Wayne isn't here to play, but he IS ready to spill the beans (see what I did there?).
In this NICHE series episode, I talk with Meryl Johnston, the co-founder of Bean Ninjas. She shares her journey into e-commerce accounting and the valuable lessons she's learned along the way. From managing a team of contractors to choosing profitable clients, she provides valuable tips for success.In this episode you'll hear:The number one thing to think about when starting or growing a firmHow to analyze your client base for niching down (step by step!)The most important quality to look for in hiring senior employeesResources mentioned in this episode:The Lifestyle Accountant PodcastThe Bookkeeping Business Accelerator®️The Bookkeeping Client Closer (mini-course)About our guest:Meryl is a Chartered Accountant and investor. She founded Bean Ninjas in July 2015 with $1,000 following the 7 Day Startup methodology. Now 8 years later the company operates in Australia, the US and UK and has a distributed team of 30 people. She is now focused on her podcast, the Lifestyle Accountant Show, and investing in businesses in the accounting industry.Connect with MerylLinkedInThanks for listening. If this episode inspired you in some way, take a screenshot of you listening on your device and post it to your Instagram stories and tag me, @ambitiousbookkeeperFor more information about the Ambitious Bookkeeper Podcast or interest in our programs or mentoring visit our resources below:Visit our website: ambitiousbookkeeper.comFollow the Blog: ambitiousbookkeeper.com/blogConnect on Instagram: instagram.com/ambitiousbookkeeperConnect on LinkedIn: Linkedin.com/in/SerenaShoupConnect on Facebook: Facebook.com/serenashoupcpaFollow on Twitter: twitter.com/serenashoupcpaThank you for your support of our show. If you haven't left a review yet it's super simple. Please go to: https://www.ambitiousbookkeeper.com/podcast and leave your review.Podcast Publishing Tools we use:Podcast Editing: Sabr Media LLCDescript (affiliate link)Buzzsprout (affiliate link)Join Breakthrough for Bookkeepers & Accountants for $1000 off regular pricing >> Join Dubsado Decoded for $197 off >>Get 20% off of Dubsado >> Join the Bookkeeping Biz Workshops HERE>Workshops Schedule:Noon PDT EACH DAYMon 9/11 - Pre-party: What to expectTue 9/12 - WORKSHOP 1: What It Really Takes Wed 9/13 - WORKSHOP 2: All About that Tech Thu 9/14 - WORKSHOP 3: Creating a Business, not a J.O.B. Fri 9/15 - Masterclass: Selling without the Sleaze
In this engaging episode of "Building the Premier Accounting Firm," your host Roger Knecht sits down with Meryl Johnston, a Chartered Accountant, investor, and the visionary founder of Bean Ninjas. Join them as they dive deep into Meryl's remarkable journey, unveiling the secrets behind her thriving accounting firm and her invaluable insights for aspiring entrepreneurs. The episode begins with Meryl sharing her inspiring accounting journey, revealing the pivotal moments that ignited her passion for the field. Meryl candidly shares how she started her company Bean Ninjas, the challenges she encountered, and the invaluable lessons she learned while establishing her business. One of the highlights of the podcast is Meryl's captivating account of the "7-Day Start-Up Methodology," the very strategy that enabled her to secure her first client within an astonishingly short span of time. Learn the invaluable tips and tricks on how to kickstart your own business efficiently and effectively. Meryl narrates her path to finding her niche, and sheds light on why she eventually specialized in e-commerce. Merely and Roger break down some of the advantages of niching, as Meryl provides valuable advice to entrepreneurs seeking a focused direction for their businesses. Meryl discusses the process she underwent transitioning into a part-time role in her company, and how she aptly prepared her clients for her absence. Listeners will benefit from her expertise in handling business continuity and client relations. The episode also delves into Meryl's unique approach of granting her employees equity in the company, offering a fresh perspective on incentivizing and nurturing a dedicated team. For those looking to enhance their marketing strategies, Meryl shares insightful tips tailored to new accounting businesses. Her candid revelations about marketing mistakes she encountered along the way will resonate with entrepreneurs striving to grow their clientele. Not only that, but Meryl also divulges her go-to lead-generation strategies, equipping listeners with powerful tools to expand their customer base. As the conversation takes a personal turn, Meryl bravely recounts her battle against cancer, sharing her journey of resilience and the profound lessons she learned during that challenging time. Her experience offers wisdom and encouragement for others facing adversities. Offering sage advice for entrepreneurs considering stepping away from their businesses, Meryl's wisdom on maintaining a balanced and fulfilling life will resonate with listeners seeking a harmonious work-life integration. The episode concludes on a high note as Meryl introduces her very own podcast, "Lifestyle Accounting," explaining its purpose and how it complements her mission in the accounting world. Meryl provides intriguing insights into international markets, offering keen observations on bookkeeping and accounting nuances and commonalities across borders. Tune in to "Building the Premier Accounting Firm" with Roger Knecht and indulge in an episode brimming with entrepreneurial revelations, business acumen, and the spirit of perseverance. Your Host: Roger Knecht, president of Universal Accounting Center Guest Name: Meryl Johnston Meryl is a Chartered Accountant and investor. She founded Bean Ninjas in July 2015 with $1,000 following the 7 Day Startup methodology. Now 8 years later the company operates in Australia, the US and UK and has a distributed team of 30 people. After 6 years as CEO, Meryl stepped into a part-time advisor role at Bean Ninjas and has a leadership team running the day to day operations. She is now focused on her podcast, the Lifestyle Accountant Show, and investing in businesses in the accounting industry. On the weekends Meryl can be found surfing at a local Gold Coast beach or hanging out with her partner and two daughters. Sponsors: Universal Accounting Center Helping accounting professionals confidently and competently offer quality accounting services to get paid what they are worth. Offers: Check out the Lifestyle Accountant Show podcast https://www.lifestyleaccountant.co/ or connect with Meryl on LinkedIn - https://www.linkedin.com/in/meryl-johnston-3a483728/ Get a FREE copy of these books all accounting professionals should use to work on their business and become profitable. These are a must-have addition to every accountant's library to provide quality CFO & Advisory services as a Profit & Growth Expert today: “in the BLACK, nine principles to make your business profitable” – e-book “Red to BLACK in 30 days – A small business accountant's guide to QUICK turnarounds” – the how-to-guide e-book for accounting professionals For Additional FREE Resources for accounting professionals check out this collection HERE! Be sure to join us for GrowCon, the LIVE event for accounting professionals to work ON their business. This is a conference you don't want to miss. Remember this, Accounting Success IS Universal. Listen to our next episode and be sure to subscribe. Also, let us know what you think of the podcast and please share any suggestions you may have. We look forward to your input: Podcast Feedback For more information on how you can apply these principles to start and build your accounting, bookkeeping & tax business please visit us at www.universalaccountingschool.com or call us at 8012653777
Learn how Meryl built a 30-headcount bookkeeping firm in eight years that can operate without her. We also get Meryl's take on the PwC scandal in Australia. Earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at earmarkcpe.com.SponsorsRelay - https://cloudaccountingpodcast.promo/relayFinDaily - https://accountingpodcast.promo/findailyEarmark for Teams - https://accountingpodcast.promo/freeshirtChapters (00:04) - Preview: Why can't the US tax deadlines be as relaxed as Australia's (00:50) - Welcome Meryl Johnston to the show and some background on Bean Ninjas (05:49) - Tell us a little about the growth of Bean Ninjas, remote work, and taking a step back from day-to-day operations (10:26) - How does Meryl track employees' work when they're remote? (12:13) - Can you tell us about Bean Ninja's journey of niching? (22:46) - How do you deal with communication challenges with remote work and different schedules (28:31) - What is the current size of your firm, and what type of work do you now do? (35:16) - What do you tell accountants who are afraid to niche? (39:20) - Is the accounting talent crisis also happening in Australia? (41:19) - Meryl gives her take on the PwC scandal in Australia (47:38) - Are 2 new Australian tech companies coming for Xero's throne? (55:25) - Is software plus a service the future of accounting tech? (59:02) - Wrap up and how people can listen to Meryl's podcasts Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesFuel Up the Bus, PwC Australia Has Named and Shamed Eight Partners Tied to the Tax Leak Scandalhttps://www.goingconcern.com/fuel-up-the-bus-pwc-australia-has-named-and-shamed-eight-partners-tied-to-the-tax-leak-scandal/ PwC Sold Off Its Scandal-Plagued Government Consulting Business For 67 Cents - Going Concernhttps://www.goingconcern.com/pwc-sold-off-its-scandal-plagued-government-consulting-business-for-67-cents/ PwC Sold a Part of Its Australian Business for $1 Because of Tax Leak Scandal - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/06/29/pwc-sold-a-part-of-its-australian-business-for-67-cents-because-of-tax-leak-scandal/81609/ A new threat to Xero? The rise of Hnry: a one-stop shop for sole traders, ft. Karan Anandhttps://www.raskmedia.com.au/2023/06/27/xero-risk-hnry-accounting-karan-anand/ Exclusive: PwC Australia ties Google to tax leak scandal – sourceshttps://www.reuters.com/technology/pwc-australia-ties-google-tax-leak-scandal-sources-2023-07-05/ Thriday swings at big accounting platforms with AI expense toolhttps://www.smartcompany.com.au/finance/tax/thriday-business-expense-bank-ai-artificial-intelligence/Meet Our Guest, Meryl JohnstonLinkedIn: https://www.linkedin.com/in/meryl-johnston-3a483728/Website: https://beanninjas.com/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts Podchaser: http://cloudacctpod.link/podchaser Spotify: http://cloudacctpod.link/Spotify Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast YouTube: https://www.youtube.com/c/CloudAccountingPodcast ClassifiedsUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/FinDaily - https://findaily.io/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Join us on The Unofficial Shopify Podcast as eCommerce accounting expert Wayne Richard shares financial strategies for Shopify store owners. Learn common mistakes, efficiency metrics, sales tax nexus complexities, and money-saving tips. Wayne also advises on choosing the right accountant and emphasizes the importance of setting aside profits for unforeseen expenses. Supercharge your store's finances with insights from Wayne Richard in this accounting-packed episode!Show LinksBean NinjasBench (Referral Link)Gustoa2xecommercefuelProfit FirstWayne on LinkedInSponsorsFree 30-day trial of Zipify OCU - To get an unadvertised gift, email help@zipify.com and ask for the "Tech Nasty Bonus".Venntov, makers of SEO Manager, Order Lookup, and ClockedInRetention.com: Reclaim 5-10x Abandonment RevenueLoop Returns: Ecommerce Returns Management for ShopifyNever miss an episodeSubscribe wherever you get your podcastsJoin Kurt's newsletterHelp the showAsk a question in The Unofficial Shopify Podcast Facebook GroupLeave a reviewSubscribe wherever you get your podcastsWhat's Kurt up to?See our recent work at EthercycleSubscribe to our YouTube ChannelApply to work with Kurt to grow your store.
On today's episode, Kunle is joined by Wayne Richard, Partner, and Managing Director in the USA of Bean Ninjas, an accounting firm helping eCommerce scale. “It was about building relationships.” Wayne's success in life comes down to his roots. When faced with an option between relocating with his family or severance pay, he took the severance pay and decided to build his own accounting firm but when it was picking up, it took his time from his family which led him to seek out accounting spaces with a business lifestyle that is family-centered. Bean Ninja, an accounting firm where Wayne found the work lifestyle he was looking for as well as seeing an opportunity to share his strengths for the company. Wayne shares some of the company's best practices in helping eCommerce companies scale efficiently. It's an insightful episode as you'd hear Kunle and Wayne talk more about profitability, growth, and efficiency, the best practices and common mistakes in scaling, unit economics, and choosing the right fintech product for your company. ----------- SPONSORS: This episode is brought to you by: Recharge This episode is brought to you by Recharge, the leading subscriptions payment solution for Shopify merchants. Recharge helps eCommerce merchants of all sizes launch and scale subscription offerings. Recharge powers the growth of over 15,000 subscription merchants and their communities—turning one-time transactions into long-term customer relationships. Turn transactions into relationships and experience seamless subscription commerce with Recharge. Find out more on rechargepayments.com/2x. Tidio This episode is sponsored by Tidio, the highest-rated live chat app on Shopify. Tidio is a versatile platform that offers personalized shopping experiences, boosts customer satisfaction, and manages all communication channels on one dashboard. It can automate up to 47% of recurring questions with its deep Shopify integration. With the budget-friendly Tidio Plus Plan, you get a dedicated customer success manager, personalized training sessions, and more. Tidio powers over 300,000 brand websites, including Shell, Wellbots, and Valyou Furniture. Head to Tidio.com/2X to take control of your customer relationships and supercharge your growth.
Meryl Johnston is a XERO accounting expert and the Co-Founder of Bean Ninjas. Meryl launched Bean Ninjas in 2015 with $1000 and a dream of changing the global bookkeeping game. It has since grown from Meryl's kitchen table into the multi-national, award-winning business it is today. Learn more at beanninjas.com Visit our Sponsor: Podbrandmedia.com – […]
The use of stories is among the greatest ways to get people to buy. And perhaps the most effective type of "story" to use when selling is the case study. Anfernee Chansamooth is a content strategist, copywriter, and podcaster. His company Simple Creative Marketing is known for creating case studies and epic blog posts to drive traffic for web business owners so they don't have to. He typically works with $1Mil+ services and software businesses that also sell online training. He's worked with leading brands such as Bean Ninjas, SYSTEMology, and Hub Australia. He's been featured in Forbes, Inc, Good Men Project, and Huffington Post. Anf calls Sydney, Australia home. Check out the Case Study Guide here (no opt-in required)
Anfernee Chansamooth is a content strategist, copywriter, and podcaster. His company Simple Creative Marketing is known for creating case studies and epic posts to drive traffic for web business owners so they don't have to. He typically works with $1Mil+ services and software businesses that also sell online training. He's worked with leading brands such as Bean Ninjas, SYSTEMology, and Hub Australia. He's been featured in Forbes, Inc, Good Men Project, and Huffington Post. Anf calls Sydney, Australia home. www.simplecreativemarketing.com
In today's episode, you will discover key insights:+ Copywrite strategies + Why case studies are important for any business and tips you need scale + The 7 step framework for an effective and result driven compelling content A fellow Sydney and Aussie - we had some great conversations! Our guest is Anfernee Chansamooth he is a content strategist, copywriter, and podcaster. His company Simple Creative Marketing is known for creating case studies and epic posts to drive traffic for web business owners so they don't have to. He typically works with $1Mil+ services and software businesses that also sell online training.He's worked with leading brands such as Bean Ninjas, SYSTEMology, and Hub Australia. He's been featured in Forbes, Inc, Good Men Project, and Huffington Post. Anf calls Sydney, Australia home.For more episodes: www.gezperez.com/podcast-showTo connect with Anfernee here are the links:Linkedin: https://www.linkedin.com/company/simple-creative-marketing/ Twitter: https://twitter.com/anferneec Instagram: https://www.instagram.com/anferneec/ Facebook: https://www.facebook.com/anfconsulting 1. Grab their free Case Study Guide PDF Learn the 6-step process for crafting compelling case studies. — Click Here2. Join their Authentic Influence Warriors and connect with No B.S entrepreneurs Jump into our private FB group to learn how content marketing & remote working tips — Click Here3. Work with Anf and his team to generate more leads with less contentWe create compelling case studies that bring more leads and help your sales team convert . — Click HereMotivation without the Hype - Listed 9 in the Top 20 Podcast of Australian Inspirational Podcasts - Check it Out - https://blog.feedspot.com/australian_inspirational_podcasts/Access your FREE resources:https://www.gezperez.com/motivation-app-free-resources Join our Facebook Motivation without the Hype Community - https://www.facebook.com/groups/245093902611604Check out our Signature Program:LEVEL UP Online Bundle for Coaches, Consultants, Service-Based Entrepreneurs "Build A Pipeline Of Ideal Clients So You Can Scale Your Business To $10K+ Months Consistently" - Click https://gezperez.com/level-up-game-planSupport the showThank you for listening and we value your support on our podcast show. For events/ collaboration/ media - send us an email at teamthrive@gezperez.comFor sponsorship opportunities and business shoutout promos - send us an email at teamthrive@gezperez.comMore information: https://gezperez.com/about
AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design
#1200 I'm excited to bring back another entrepreneur who's been on the show before: Meryl Johnston, the founder and CEO of Bean Ninjas, an accounting service for ecommerce businesses. Meryl was on episode 1,113 , when she was thinking of adding some new services and even creating an all-new brand. Not surprisingly, a lot has changed for Meryl since then. Her business has made some pivots, and she shares some big announcements that I'm excited to share with you. She's even started a family. Oh, and I also have a big announcement to share at the end of this episode. So stick around for that! Show notes and more at SmartPassiveIncome.com/ap1200.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The most important key metrics to care about as an eCommerce merchant & why. A discussion with Wayne Richard, Partner & CEO at Bean Ninjas.
The Bean Ninjas co-hosts Matt Stubbs and Meryl Johnston are back today walking us through Crossbeam's progress in recent weeks and they share the excitement of collecting their first recurring payment. They then move into some topics around work-life balance and how they each ensure they are able to run successful businesses and have great […]
The Bean Ninjas co-hosts Matt Stubbs and Meryl Johnston are back today catching up on the progress Matt has made in the beta testing of Crossbeam. Meryl asks Matt to share some insights on when it might make sense to move from beta to paying users and she also picks his brain about the way […]
http://microconfremote.com What are Quick Fixes? We asked some pretty smart people a pretty hard question: What is 1 thing you can do today that is going to make tomorrow and on easier for you to run your business? Meryl Johnston, Co-Founder of Bean Ninjas, takes a deep look into things that founders at a few different stages of their journey can be optimizing their finances for the future. If you want to join in on the conversation with over 1400 other founders, join MicroConf Connect, a slack community space where you can meet founders from around the globe working on cool products in a sustainable way. Head over to http://microconfconnect.com for more details. This video was recorded on September 1, 2020 in Minneapolis MN. All proper social distancing, PPE, and health and safety measures were taken in the production of this show. Note, this is not a live session, so calls for questions, survey, etc… are all pre-recorded.
Having a good content strategy helps businesses attract an audience and create new leads. In this episode, Gert talks to Anfernee Chansamooth on how to design and create an effective content strategy. Anfernee is the Learning and Community Lead for Bean Ninjas, and also a content strategist, copywriter, and public speaker for Simple Creative Marketing. Also, check out the bonus resources that Anfernee has put together at https://www.simplecreativemarketing.com/gert/. It contains a free case study guide and further expands on the topics discussed in this episode. Podcast Highlights: 01:25 – Anfernee talks about how he got started with copywriting and content strategy and the challenges of running his first business. 11:20 – Common mistakes and misconceptions with content strategy. 21:45 – Creating your own category in the industry. 29:56 – Applying design and visual elements to content. 37:16 – Building an audience. 41:50 – Understanding buyer psychology and the importance of a clear content promotion strategy. 45:09 – Designing content strategy in line with the buyer's journey and the customer empathy map. 53:41 – Using SEO research to match your content with user intent. 1:02:26 – Additional resources on the topics discussed at https://www.simplecreativemarketing.com/gert/ Connect with Anfernee: Website: www.simplecreativemarketing.com
Michael Wark from Bean Ninjas joins the show to talk numbers, profitability and team culture. There were a lot of nuggets in here including what numbers to track, how to get your cash flow in order and maintaining culture in a remote work environment. Resources mentioned in the episode Search console reporting dashboard Pricing websites […]
How Bean Ninjas started and what they've achieved in the last 5 years
Accountant Meryl Johnston shares how focus and adaptability have driven the successful growth of her company, Bean Ninjas.
If you want to grow your wealth, you have to have systems and processes in place to help you keep track of it in the first place. We talked about this in episode 48, and today we're hearing from another accounting expert who has some tips to make your bookkeeping simple, easy and consistent. Meryl is a Chartered Accountant who specializes in cloud accounting software Xero. She founded Bean Ninjas in July 2015 with $1,000 following Dan Norris's 7 Day Startup methodology. Now 4 years later the company operates in the US, UK and Hong Kong and has a distributed team of 15 people. Meryl and I talk about why it's so important to keep good records from the beginning of your business - even if you only have one rental property. We also chat about what Bean Ninjas does for clients, how to effectively keep track of your receipts, and what you need to know about how to use your accounting software. Find complete show notes and more information at therichergeek.com/podcast.
When does it make sense to create or launch a new and separate business unit to your core business? This is the question that Bean Ninjas CEO Meryl Johnston and Anfernee Chansamooth, Bean Ninjas Learning & Community Lead, answer in this episode of the Bean Ninjas Podcast. Bean Ninjas have offered courses since January 2019 […]
Entrepreneurs Natalie Alaimo and Mel Telecican share their experience building their financial literacy skills using Xero. Hear about the benefits of learning how to set up Xero effectively and how it can help to grow your small business. In episode 85 of the Bean Ninjas Podcast, we've invited 2 course completers of the Bean Ninjas […]
Are you using Xero for your business accounting the right way? Here are some common Xero mistakes for you to avoid. Episode 86 is a solo episode with Meryl Johnston, Chief Executive Officer and Founder of Bean Ninjas, where she talks about 9 common Xero mistakes in the areas of Xero set up, admin, […]
Diving into entrepreneurship is challenging, especially if you already have a high-paying job in the corporate world. However, many people still underestimate the mindset they need to adapt to become successful as a business owner. The transition isn't for everyone, but those that are courageous enough to pursue this path should know how to scale their businesses sustainably. In today's podcast, Meryl Johnston shares her experience in building Bean Ninjas, a thriving bookkeeping firm that provides accounting services to clients from around the globe. She lets us in on the lessons she learned in her journey from leaving her corporate accounting job to becoming CEO and Founder of Bean Ninjas. Check out these podcast highlights and remember to listen to the show to learn about the strategies you need to build a global business. Making the Jump From Accounting to Entrepreneurship (2:57) Accounting is a great way to get insights into the business world. By running the numbers and working behind the scenes, accountants can get an in-depth view of the finances of businesses. Leaving the corporate world to pursue entrepreneurship is risky. You need to have a vision that will steer you onward and the willingness to make sacrifices. For Meryl, it was the desire to build something bigger than her corporate world that convinced her to establish her own business. She knew that becoming an entrepreneur means temporarily postponing her target lifestyle. Nonetheless, her desire for work-life balance motivated her to pursue her business. The Importance of Establishing a Corporate Vison (08:30) Business owners must be able to set a vision that is effective at inspiring their teams. Your vision may be very motivating for you, but it may be ineffective for other people. Be more inclusive by establishing a corporate vision that accounts for what your employees want. Identifying the Unique Needs of Your Customers (10:54) Any business should be able to give something of value to their customers, setting them apart from their competitors. Global enterprises can benefit from diversification, ensuring that their employees can understand the intricate businesses of their various clients. Bean Ninjas distinguishes itself by providing accounting services finetuned to the businesses of their clients, many of which aren't familiar with other accountants. Building and Maintaining Remote Teams (14:34) It takes time to build a global scope. Focus on consistent but sustainable growth. Hiring top-notch talent is crucial at the beginning since their performance helps establish a platform for future growth. Look for flexible people, since early on, you'll require them to work on roles that may change frequently. Engage with your employees, understand their career goals, and steer them toward roles that will make them grow and keep them invested in the company. Coping in Difficult Times (21:53) Just keep working at it; even the worst periods don't last forever. Focus on the fundamental day-to-day operations and keep your resilience. Book Recommendation and Rituals (25:20) The 4-Hour Workweek by Tim Ferriss Meryl relies on a disciplined morning routine focusing on surfing or beachside runs at 5 in the morning, along with regular sessions of yoga and meditation. You can connect more with Meryl through her LinkedIn profile. You can also check out Bean Ninjas for more information about their bookkeeping services. Thank you for listening! If you want more podcast episodes and other resources, visit my website, John Murphy International.
Discover what makes a business partnership successful: Wayne Richard shares what he came to learn in his 1st year of running Bean Ninjas alongside Meryl.
Want to get your event marketing right? Here are some valuable insights from expert event planner Catalina Alvarez on her interview with Bean Ninjas.
Want to build successful e-commerce businesses? Mike Michelini shares how he's done it on his interview with Bean Ninjas.
Do I Need a VA and a Bookkeeper? Want the transcript? Download it here. In this episode, Matt and Barbara speak to Bean Ninjas founder and CEO, Meryl Johnston about why it's so important for companies to have a strong financial team, what that team needs to look like, and why financial reporting tools are the key to business stability and growth. Some of the areas covered include: Meryl's journey from a consulting firm to global, systemized, online business and the perils behind bringing in virtual contractors before you have your processes in place. Let us know what your key takeout has been from this episode and join the continuing conversation over in the Virtual Success Facebook Group. In this episode: 1:50 Xero as a Platform 2:38 Aspects of Utilizing Virtual Teams 4:50 Boundaries 5:12 Key Roles Within the Finance Team 8:21 Cost-Effectiveness Medium 10:14 Bookkeeping Role vs VA Role 12:55 Differences with Bookkeepers and VAs 15:11 Stop Doing Book 16:42 Xero Cleanup 19:29 Reporting Practices 20:53 Where to Start 22:10 Building Skillsets 23:22 Next Steps Intro: Do you find yourself running out of time to accomplish your work, are you spending time doing things that you're not that good at? There are effective ways to outsource these tasks so you can focus on your business. This is the Virtual Success Show, we bring the inside scoop on outsourcing success for entrepreneurs by entrepreneurs. And now here are your hosts Matt Malouf and Barbara Turley. Barbara Turley: Hey everyone, and welcome back to another episode of the Virtual Success Show. Where we dissect everything you need to know about how to outsource, how to get the right team members into your business, and how to do it all in the right order. Because today's show we're going to be dissecting a very common problem, and I'm going to be sharing a big trap that I fell into myself. But of course today I'm joined by my cohost, Matt Malouf. Hi, Matt! How's it going? Matt Malouf: I'm well, Barbara, and yourself? Xero as a Platform Barbara: I'm great, thank you. And I'm pretty excited that on the back of last week's show, we invited Meryl Johnston, who's the founder and CEO of Bean Ninjas back to the show to dissect this particular problem with me. So Meryl, welcome back to the show. Meryl Johnston: It's great to be back. Thanks. Barbara: So guys, I was chatting with Meryl after we interviewed Meryl around the growth of Bean Ninjas and her experience around managing a global virtual team. Because obviously, that's the genesis of this show. But in chatting after the show, I was sharing a story that I... A trap I fell into myself around using Vas, bookkeepers, accountants. And in the very early days, not that long ago, really, I decided in my wisdom that if I had Xero as a platform, which is your, you know the platform that everyone's using I guess globally for bookkeeping and accounting. And a good VA that I could show a few tricks of the trade to, that then I wouldn't need a bookkeeper. And I went that route, and needless to say it blew up in my face. Let's just put it that way. After a couple of years, and really cost a lot of pain. It wasn't the VA's fault. It was just a whole host of problems. And Matt, I'm sure as a recovering accountant yourself, this is making you chuckle because I'm sure you see this a lot. Aspects of Utilizing Virtual Teams Matt: I do. I do. You know, I think it's interesting. Barbara, you and I have talked about this in many aspects of utilizing virtual teams, but find it, yeah. People's expectations of that whole concept of the super VA that can do everything is still very, very prevalent in today's society, business community. Barbara: Absolutely. And you know, actually, I am still recovering, honestly, from that mistake myself. I was quite badly burnt. All my own fault. Completely and utterly my own fault. And Meryl, that's kind of what led me to your company in the end, to go, "Oh my God.
How Bean Ninjas CEO Meryl Johnston Built A Global Virtual Powerhouse Want the transcript? Download it here. In this episode, Matt and Barbara speak to Meryl Johnston, the CEO, and founder of Bean Ninjas. Some of the areas covered include: Meryl's journey from a consulting firm to global, systemized, online business and the perils behind bringing in virtual contractors before you have your processes in place. Let us know what your key takeout has been from this episode and join the continuing conversation over in the Virtual Success Facebook Group. In this episode: 1:20 Meryl Johnson the founder and CEO of Bean Ninjas 3:38 The power of systems and processes 4:29 Building a business to scale 8:38 Key Tools or Methods to manage your team 10:24 Wrike 12:06 Systems, tools, and Processes as the front driver 13:30 The Strength of the machine 14:01 Team Meetings 17:07 Concept of the Lunch and Learn 18:02 Virtual Christmas Celebration 20:43 Local knowledge vs Overseas Knowledge 24:39 Training Guide Procedures 29:27 Highlights of the show 33:14 External Leverage 35:09 Top 3 Learnings working with Virtual Team Intro: Do you find yourself running out of time to accomplish your work, are you spending time doing things that you're not that good at? There are effective ways to outsource these tasks so you can focus on your business. This is the Virtual Success Show, we bring the inside scoop on outsourcing success for entrepreneurs by entrepreneurs. And now here are your hosts Matt Malouf and Barbara Turley. Barbara Turley: Hey everyone and welcome to another episode of the Virtual Success Show. I'm joined by my co-host Matt Malouf as always. Hey Matt. Matt Malouf: Hey Barb. How are you? Barbara: I'm good. And you? Matt: I'm excellent. Yeah, I'm enjoying a sunny day here in Sydney after what's been a very, very wet sort of week down here. Barbara: Yes, unusually so for Sydney. But the Sydney sun is back, which is awesome. Matt: It is, it is. Barbara: Yeah. So we're back, guys, doing one of our interview series, which we love doing. We love when we find interesting business owners that are building virtual teams and can really add value to our listeners and to ask quite frankly about how they're doing things. So today's guest is someone who's become somewhat of a friend of mine, Meryl Johnston, and she is the founder and CEO of Bean Ninjas, which is a bookkeeping, financial reporting, and education business. She's also a chartered accountant. She's host up her own podcast, the Bean Ninjas podcast, which I definitely can recommend listening to. And she's also a big surfer living on the Gold Coast, the beautiful Gold Coast here in Australia. So welcome to the show Meryl. Meryl Johnson the founder and CEO of Bean Ninjas Meryl Johnston: Hi Barb. Hi Matt. Great to be here. Barbara: Good. So listen, why don't you just give us the quick rundown, Bean Ninjas. What is it? Why did you start it? Meryl: Well, Bean Ninjas is a bookkeeping and financial recording business, and before starting Bean Ninjas, I was running a consulting firm, not very cleverly named MCJ Consulting, my initials. And I was doing project accounting work and quite quickly found the business difficult to scale. It was hard from a cash flow perspective, with project work being lumpy, and it was difficult to build a team. And I looked at some other business models out there and the kind of business that I wanted to build, which was recurring revenue, it would have processes so I could scale the business and I wanted it to have global potential. And then I looked at my skill set, which is accounting and thought about how I could marry the two together, my skill set and the kind of business that I wanted. And that's where Bean Ninjas was born. I founded the business with a co-founder who had a similar vision of creating a global business and a business that we could run from anywhere in the world. So that was where it started.
When and how do you bring on a new business partner? Check out how Tommy did it on his interview with Bean Ninjas.
How important is feedback in learning? In Episode 41 of the Bean Ninjas Podcast, Bean Ninjas CEO Meryl Johnston and Partner Wayne Richard continue to go behind the scenes of 2 Bean Ninjas product launches. Wayne and Meryl discuss lessons and challenges related to collecting feedback, and how that can impact product launch and product development. […]
Want to go behind the scenes of an actual product development process? This is the first of our Product Development Process series. Meryl Johnston and Wayne Richard go behind the scenes of 2 Bean Ninjas product launches - a new Xero Foundations online course, and a Virtual CFO offering for small business.
Struggling to free yourself up from day-to-day operations? This week Bean Ninjas founder Meryl Johnston shares her thoughts and tips on how To Build A Business That Can Run Without You.
When does it it make sense to go from Entrepreneur to Intrapreneur? Meryl interviews Bean Ninjas' new marketing coordinator Anfernee Chansamooth about his process of joining the team. We also discuss the prospective employer's perspective, and the risks they need to be aware of when recruiting entrepreneurs and how to mitigate those risks.
Meryl chats about some common questions she gets asked about Bean Ninjas and business in general.
Jennifer Anderson was sponsored by Bean Ninjas to attend the Dynamite Circle Austin conference. We sit down and chat about her recent experience of acquiring a business.
In this solo episode Meryl talks through some ideas around leadership and time management she has found useful whilst growing Bean Ninjas
Bean Ninjas, Wayne Richard and Michael Wark, share their learnings from this years iconic DCBKK event.
Meryl talks through what a week at CEO of Bean Ninjas is like, including the problems and challenges that are faced.
On this episode, I'm joined by founder of Bean Ninjas and business growth and systems whizz, Meryl Johnston. Meryl has embraced the true art of business ownership. If you want to know how to scale and grow your business or want to get tips and insights into accounting for dentists, this episode is for you. Meryl is a Chartered Accountant. She started her career in the audit division at BDO (Melbourne), followed by a number of years in commercial roles and a stint as a lecturer in accounting and audit. Meryl is a keen surfer and can often be found at her home break at Palm Beach on the Gold Coast. We talk about: • The phenomenal growth of Bean Ninjas • Transitioning into real business ownership from the owner-operator mindset • Building a team • The importance of key drivers • Streamlining your bookkeeping to free up your time • And much more. Upcoming Workshop: Profitable, Scalable, Sellable 23/24 February 2017 - Surfers Paradise Register here: drjessegreen.com/nailit Find out more about Meryl Johnston: Bean Ninja's website: https://beanninjas.com/ LinkedIn: https://www.linkedin.com/in/meryl-johnston-3a483728/
The Limitless Life: Create Your Compelling and Vibrant Future
Hey there, welcome to this week's action-packed episode of the OpenWorld podcast. Thanks for joining us! In this interview I was joined by Meryl Johnston from the Gold Coast, in Australia. Meryl is the co-founder of Bean Ninjas, a bookkeeping accounting firm which in just one year she's grown to over 70 customers and approximately […]
Meryl Johnston is a Chartered Accountant, which is the Australian version of a certified public accountant. She started her career in the audit division at BDO (Melbourne), followed by a number of years in commercial roles and a stint as a lecturer in accounting and audit. She started her own consulting business, but found scaling it to be extremely difficult, and thus looked for a better option — thats when she discovered accounting software. Meryl is a keen surfer and can often be found at her home break at Palm Beach on the Gold Coast. Its actually the main reason that she left her Melbourne home, and that building her company, Bean Ninjas, actually allowed her to do what she loved. In This Episode: Creating a business to pursue your passion. Taking the reins and starting your business. When your business idea doesn't scale… The importance of having a co-founder. Why recurring revenue is the best model The difference between an accountant and a bookkeeper The financial mistake that most new entrepreneurs make. How much do you charge for your product? Meryl's Favorite Quote: “Decide your no's in advance.” — Tim Ferriss Meryl's Favorite Books: The 7 Day Startup: You Don't Learn Until You Launch Get Your Free Audio Book Links From Today's Show:www.beanninjas.com Today's Sponsor: www.iboommedia.com www.jeremyryanslate.com/hosting www.jeremyryanslate.com/book
I spoke with Meryl Johnston, co-founder of Bean Ninjas, about how she launched a new online bookkeeping business and took it from 0 to $100K in just 8 months. Also, learn the top frustrations small business owners have with bookkeeping and why accounting is powerful for fast-tracking your business growth. “A lot of small business could be more focused on tracking on the profitability of different customers and identify which is their best customer and how to market to their best customers”- Meryl Johnston Connect with Meryl Johnston: http://beanninjas.com/ #Business #PersonalDevelopment #Marketing #Entrepreneurship #Bookkeeping --- Send in a voice message: https://podcasters.spotify.com/pod/show/anf-transitions/message