Podcast appearances and mentions of mike mcderment

Welcome back to Making Bank. On today's episode, we have a compilation of previous episodes with Mike Mcderment, Jack Lee Matthews, Ethan Mollick, Jerry Fetta, Josh Elledge, David Neagle, Kevin Harrington and Mark Timm and in this episode you will hear tips and tricks from top entrepreneurs about the guide to success.   (2:30) Mick Mcderment Culture is as important as marketing and anything else. Take lots of steps in ensuring a beautiful culture in your work environment. Make sure your employees feel that they matter. Take care of the team, so that your team takes care of your customers and in turn the business will be taken care of.    (8:06) Jack Lee Matthews Understand your value and other people's values. Everyone has value. You all have something to share. Learn to know what that is and inspire other people. Believe in yourself. You only have one life, live it to the fullest. Achieve your dreams. Don't let others' failures determine where you stand.    (16:01) Ethan Mollick Many people think entrepreneurship is a young man's game and as a result they stop themselves from taking any opportunities. The average age for a founder is 42. Never assume it is too late for you to start. Gather your resources and do the business you want to. Take the step and give it your best.   (23:15) Jerry Fetta Once a week sit down and have a wealth meeting. Have goals and check your income goal. Sit down and look where your income is coming from. Look at your budget. Always have a budget because it's important to know how much you spent.    (29:56) Josh Elledge You find a way to do something very nice for the people you are trying to work with. Ask them what they're looking for. Know what they need and offer to do something for them first at no cost. This is how you build relationships and how you can expand your network. (34:58) David Neagle You have to be clear on what you want. If you are uncertain, you need to go back and ask yourself who you really are and what you want to do with your life. You need to learn to make mistakes. The more you get to know yourself, the more you find your purpose.    (39:00) Keving Harrington If you are in business, you need to learn how to accept failure. What you need to do is learn how to fail fast and fail cheap. Don't hold onto something so tight. You always need to be ready to move forward when something fails. You learn from it and get over it and then you can move on quicker.    (43:07) Mark Timm The one thing you can do if you want to change your trajectory, is to get the right mentors. No one's meant to do business alone. You need coaches, you need help. Talk to people who are already in the field. Ask for advice and get their insight on how to be successful. Get a mentor.    Tags: @mikemcderment  @jackleematthews  @realjerryfetta   @josh.elledge  @david_p_neagle  @realkevinharrington  @themarktimm

Welcome back to Making Bank. On today's episode, we have a compilation of previous episodes with Mike Mcderment, Jack Lee Matthews, Ethan Mollick, Jerry Fetta, Josh Elledge, David Neagle, Kevin Harrington and Mark Timm and in this episode you will hear tips and tricks from top entrepreneurs about the guide to success.   (2:30) Mick Mcderment Culture is as important as marketing and anything else. Take lots of steps in ensuring a beautiful culture in your work environment. Make sure your employees feel that they matter. Take care of the team, so that your team takes care of your customers and in turn the business will be taken care of.    (8:06) Jack Lee Matthews Understand your value and other people's values. Everyone has value. You all have something to share. Learn to know what that is and inspire other people. Believe in yourself. You only have one life, live it to the fullest. Achieve your dreams. Don't let others' failures determine where you stand.    (16:01) Ethan Mollick Many people think entrepreneurship is a young man's game and as a result they stop themselves from taking any opportunities. The average age for a founder is 42. Never assume it is too late for you to start. Gather your resources and do the business you want to. Take the step and give it your best.   (23:15) Jerry Fetta Once a week sit down and have a wealth meeting. Have goals and check your income goal. Sit down and look where your income is coming from. Look at your budget. Always have a budget because it's important to know how much you spent.    (29:56) Josh Elledge You find a way to do something very nice for the people you are trying to work with. Ask them what they're looking for. Know what they need and offer to do something for them first at no cost. This is how you build relationships and how you can expand your network. (34:58) David Neagle You have to be clear on what you want. If you are uncertain, you need to go back and ask yourself who you really are and what you want to do with your life. You need to learn to make mistakes. The more you get to know yourself, the more you find your purpose.    (39:00) Keving Harrington If you are in business, you need to learn how to accept failure. What you need to do is learn how to fail fast and fail cheap. Don't hold onto something so tight. You always need to be ready to move forward when something fails. You learn from it and get over it and then you can move on quicker.    (43:07) Mark Timm The one thing you can do if you want to change your trajectory, is to get the right mentors. No one's meant to do business alone. You need coaches, you need help. Talk to people who are already in the field. Ask for advice and get their insight on how to be successful. Get a mentor.    Tags: @mikemcderment  @jackleematthews  @realjerryfetta   @josh.elledge  @david_p_neagle  @realkevinharrington  @themarktimm

Welcome back to Making Bank. On today's episode, we have a compilation of previous episodes with Mike Mcderment, Jack Lee Matthews, Ethan Mollick, Jerry Fetta, Josh Elledge, David Neagle, Kevin Harrington and Mark Timm and in this episode you will hear tips and tricks from top entrepreneurs about the guide to success.   (2:30) Mick Mcderment Culture is as important as marketing and anything else. Take lots of steps in ensuring a beautiful culture in your work environment. Make sure your employees feel that they matter. Take care of the team, so that your team takes care of your customers and in turn the business will be taken care of.    (8:06) Jack Lee Matthews Understand your value and other people's values. Everyone has value. You all have something to share. Learn to know what that is and inspire other people. Believe in yourself. You only have one life, live it to the fullest. Achieve your dreams. Don't let others' failures determine where you stand.    (16:01) Ethan Mollick Many people think entrepreneurship is a young man's game and as a result they stop themselves from taking any opportunities. The average age for a founder is 42. Never assume it is too late for you to start. Gather your resources and do the business you want to. Take the step and give it your best.   (23:15) Jerry Fetta Once a week sit down and have a wealth meeting. Have goals and check your income goal. Sit down and look where your income is coming from. Look at your budget. Always have a budget because it's important to know how much you spent.    (29:56) Josh Elledge You find a way to do something very nice for the people you are trying to work with. Ask them what they're looking for. Know what they need and offer to do something for them first at no cost. This is how you build relationships and how you can expand your network. (34:58) David Neagle You have to be clear on what you want. If you are uncertain, you need to go back and ask yourself who you really are and what you want to do with your life. You need to learn to make mistakes. The more you get to know yourself, the more you find your purpose.    (39:00) Keving Harrington If you are in business, you need to learn how to accept failure. What you need to do is learn how to fail fast and fail cheap. Don't hold onto something so tight. You always need to be ready to move forward when something fails. You learn from it and get over it and then you can move on quicker.    (43:07) Mark Timm The one thing you can do if you want to change your trajectory, is to get the right mentors. No one's meant to do business alone. You need coaches, you need help. Talk to people who are already in the field. Ask for advice and get their insight on how to be successful. Get a mentor.    Tags: @mikemcderment  @jackleematthews  @realjerryfetta   @josh.elledge  @david_p_neagle  @realkevinharrington  @themarktimm

Welcome back to Making Bank. On today's episode, we have a compilation of previous episodes with Mike Mcderment, Jack Lee Matthews, Ethan Mollick, Jerry Fetta, Josh Elledge, David Neagle, Kevin Harrington and Mark Timm and in this episode you will hear tips and tricks from top entrepreneurs about the guide to success.   (2:30) Mick Mcderment Culture is as important as marketing and anything else. Take lots of steps in ensuring a beautiful culture in your work environment. Make sure your employees feel that they matter. Take care of the team, so that your team takes care of your customers and in turn the business will be taken care of.    (8:06) Jack Lee Matthews Understand your value and other people's values. Everyone has value. You all have something to share. Learn to know what that is and inspire other people. Believe in yourself. You only have one life, live it to the fullest. Achieve your dreams. Don't let others' failures determine where you stand.    (16:01) Ethan Mollick Many people think entrepreneurship is a young man's game and as a result they stop themselves from taking any opportunities. The average age for a founder is 42. Never assume it is too late for you to start. Gather your resources and do the business you want to. Take the step and give it your best.   (23:15) Jerry Fetta Once a week sit down and have a wealth meeting. Have goals and check your income goal. Sit down and look where your income is coming from. Look at your budget. Always have a budget because it's important to know how much you spent.    (29:56) Josh Elledge You find a way to do something very nice for the people you are trying to work with. Ask them what they're looking for. Know what they need and offer to do something for them first at no cost. This is how you build relationships and how you can expand your network. (34:58) David Neagle You have to be clear on what you want. If you are uncertain, you need to go back and ask yourself who you really are and what you want to do with your life. You need to learn to make mistakes. The more you get to know yourself, the more you find your purpose.    (39:00) Keving Harrington If you are in business, you need to learn how to accept failure. What you need to do is learn how to fail fast and fail cheap. Don't hold onto something so tight. You always need to be ready to move forward when something fails. You learn from it and get over it and then you can move on quicker.    (43:07) Mark Timm The one thing you can do if you want to change your trajectory, is to get the right mentors. No one's meant to do business alone. You need coaches, you need help. Talk to people who are already in the field. Ask for advice and get their insight on how to be successful. Get a mentor.    Tags: @mikemcderment  @jackleematthews  @realjerryfetta   @josh.elledge  @david_p_neagle  @realkevinharrington  @themarktimm

The Power of People in the Future of Business with Former CEO and Co-Founder of FreshBooksMike is the co-founder of FreshBooks, the #1 accounting software in the cloud, designed exclusively for freelancers and growing service-based business owners. Built-in 2003 after he accidentally saved over an invoice, Mike spent 3.5 years growing FreshBooks from his parents' basement.Since then, over 30 million people have used FreshBooks to save time billing, and collect billions of dollars. A lover of the outdoors, Mike has been bitten so many times it's rumored he's the first human to have developed immunity to mosquitoes.This week at EntreArchitect Podcast, The Power of People in the Future of Business with Former CEO and Co-Founder of FreshBooks with Mike McDermott. Learn more about FreshBooks, or follow Mike on LinkedIn.Please visit Our Platform SponsorsGo to https://betterhelp.com/architect for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help. Thank you to our sponsor BetterHelp for supporting our community of small firm entrepreneur architects.ARCAT.com is much more than a product catalog, with CAD, BIM, and specifications created in collaboration with manufacturers. ARCAT.com also offers LEED data, continuing education resources, newsletters, and the Detailed podcast. Visit https://ARCAT.com to learn more.Visit our Platform Sponsors today and thank them for supporting YOU... The EntreArchitect Community of small firm architects.

Season 4 Episode 25 | Recorded November 30, 2022 Thank you to our Booster Partner, FreshBooks In this episode, Scott talks to Andrew Wall, CPA, CMA who shares his journey of going off on his own to pursue his vision. They discuss Andrew's background, including his experience studying sociology and technical college and his dad's vision for an accounting app. Andrew also talks about the early days of cloud technology and why accounting has been slow to adopt new tech. They also delve into building small communities and how companies should listen to their customers to improve their services. They wrap up the podcast by talking about the importance of connective tissue and how it plays a vital role in building a community. Caught in Canadian customs The art of chaos and Andrews Andrew in High school Sociology in College Technical College Dad's vision for an Accounting app The app hit a roadblock Going off on his own for the vision Taking over dad's firm Was accounting in the back of your mind? Back to school New technology Early days of cloud Why is accounting late to the tech game? Sports Being who you are Where is Andrew right now? Scott away from his firm ISO Cerftification Andrew's numbers Work ethics Andrew's media presence Vanity numbers and engagement Walking contradiction & Ambiverts & Coonferences Growing community and FreshBooks Companies listening to customers Flooded with apps and building small communities Connective tissue Wrapping up All the Shoutouts: FreshBooks, Accountex, Kellie Parks CPB, Xero, Intuit QuickBooks, Mike McDerment, Hubdoc, Relay, Shopify, Twyla Verhelst, CPA, Sage, Sandy Johns --- Send in a voice message: https://anchor.fm/accountinghigh/message

SEGMENT 1 with Ingrid Vanderveldt, starting at 0:00: Many of us have bold visions. But not too many people I know would have the vision of empowering a billion women. Ingrid Vanderveldt is here to share how she is giving women around the world the ability to get over 6-7 figures annually and beyond doing what they love.SEGMENT 2 with Richard S. Hawkes, starting at 16:45: As we speak, the world and our companies are becoming more toxic. How do we navigate this mess inside our companies? SEGMENT 3 with Mike McDerment and Claire McDerment, starting at 35:15: Who inspired you start your business? Our next guest says it was his mother. Mike's mother Claire inspired Mike to found and scale FreshBooks into the unicorn company it is today. She launched several not-for-profit projects while balancing life as a mother of four. Sponsored by Truly Financial.

Welcome to Episode #422: with Mike McDerment, co-founder and CEO of FreshBooks, planet earth's #1 cloud accounting solution designed for small business owners   During this episode, we talk about From the Basement to a Billion Dollar Unicorn. Here are some highlights: Business success begins by identifying your very specific customer and understanding their problems and being able to articulate the solutions you have for them. To be come successful, focus and start doing a lot of the little things. Don't overwhelm yourself with thinking of the big things. Being an entrepreneur is a tricky thing. On one hand you are running scared and on the other hand, you are walking out there trying to convince everyone to follow you. Stick to your core principles and it will guide you through.   Sponsored by Freshbooks: The all-in-one accounting solution that's built for business owners like you.   Learn more about the contents discussed in this episode: Connect with Mike via LinkedIn, Twitter Learn more about FreshBooks via this website

Welcome to the trailer for Episode #422 with Mike McDerment, co-founder and CEO of FreshBooks, planet earth's #1 cloud accounting solution designed for small business owners.   In this Wednesday's episode, Mike and I will be talking about From the Basement to a Billion Dollar Unicorn. Here are some highlights: Business success begins by identifying your very specific customer and understanding their problems and being able to articulate the solutions you have for them. To be come successful, focus and start doing a lot of the little things. Don't overwhelm yourself with thinking of the big things. Being an entrepreneur is a tricky thing. On one hand you are running scared and on the other hand, you are walking out there trying to convince everyone to follow you. Stick to your core principles and it will guide you through.   Sponsored by Freshbooks: The all-in-one accounting solution that's built for business owners like you.   Join us on Wednesday for the full episode.

The Fresh Princess…in the Cloud since 2003 (feat. Twyla Verhelst, CPA) Episode #27 Twyla Verhelst, CPA | Founder of Helm and Head of Accounting Community at FreshBooks and the founder of the Women in Accounting Hub - www.womeninaccounting.online Calgary, Alberta Canada Recorded September 7, 2021 ***shout out to our sponsor Tallyfor*** ***shout out to our sponsor Practice Ignition*** 2 outlets through COVID ***shout out to Acuity CFO Online Bookkeeping Accounting and Business Tax and Drink While You Think*** 6 USA vs Canada, the North American race to STOP using checks 9 Where Accounting and Technology collide… 11 Becoming a Software Entrepreneur Accountant… ***shout out to our sponsor Tallyfor*** 17 Twyla's first Ethics/Integrity TEST 18 Starting, growing, and selling businesses… 19 The Birth of Helm | Cash Flow App… 20 The Birth of the Fresh Princess aka Head of Accounting Relationships at FreshBooks 25 Twyla, what's your North Star? 27 Ackerman's FreshBooks story ***shout out to Mike McDerment*** ***shout out to our sponsor Practice Ignition*** 33 FreshBooks was ahead of it's time… in the cloud since 2003 35 There's room for a 3rd player in the Cloud Accounting GL space… 41 Creating a client experience that your client can't live without 46 Setting our clients up for success 48 Staying in your lane and widening the shoulders… 50 Why is there so much accounting tech coming straight outta Canada? 53 Stepping away from your firm and going deeper in the software biz to become closer to the Accounting Community 59 Give us one piece of advice to share with accounting firm owners… ***shout out to Kenji Kuramoto*** ***shout out to all women in accounting*** www.freshbooks.com/accountants --- Send in a voice message: https://anchor.fm/sonsofcpas/message

Mike McDerment is the Executive Chair & Co-Founder of FreshBooks, one of the world's leading cloud accounting software providers, designed exclusively for freelancers and growing service based business owners. Built out of frustration after accidentally saving over an invoice, Mike spent 3.5 years growing FreshBooks from his parents' basement. Since launching in 2003, over 24 million people have used FreshBooks to save time billing, and collect billions of dollars. A lover of the outdoors, Mike has been bitten so many times it's rumoured he's the first human to have developed immunity to mosquitoes.   In January 2003, Mike was running a four-person design agency and using Microsoft Word to create invoices. One day, he accidentally saved over an old invoice, and something in him snapped – he knew there had to be a better way. Over the next two weeks, he coded up a solution and eventually turned that side-project into what is now FreshBooks.   To keep the lights on, he moved into his parents' basement for 3.5 years and completely revamped how he ran his design firm to the point where he only worked 19 days in one year — while generating over $200,000 to bootstrap the company that would become FreshBooks.    Today, Mike has grown FreshBooks to nearly 500 people serving more than 24 million users in 160+ countries. To help self-employed professionals set better rates, Mike also co-authored Breaking The Time Barrier, which has been downloaded more than 300,000 times.

Today's Guest Expert: Mike McDerment Mike McDerment is the Executive Chair & Co-Founder of FreshBooks, the #1 accounting software in the cloud, designed exclusively for freelancers and growing service based business owners. Built out of frustration after accidentally saving over an invoice, Mike spent 3.5 years growing FreshBooks from his parents' basement. Since launching in […] The post Save Time, Collect Billions with FreshBooks Co-Founder Mike McDerment appeared first on Jake A Carlson.

It's easy to get caught up in the day-to-day operations of a new business. But what are some of the factors that contribute to business growth? Discover how a small company grew into a global software company by focusing on one big idea: making accounting simple. What is the secret? "We've always focused on one big problem," Mike McDerment says. Mike is the Executive Chair and Co-Founder of FreshBooks, the leading cloud accounting software designed specifically for freelancers and growing service-based business owners. Mike spent 3.5 years growing FreshBooks from his parent's basement after becoming frustrated after accidentally saving over an invoice. As a result, over 24 million people have used the service since its inception in 2003.

FreshBooks Co-founder Mike McDerment joins us to tell the story of how FreshBooks was built out of the basement into a billion dollar company, including some of his leadership principles that got them to this point. Mike McDerment is the C-founder, Board Chair and former CEO of FreshBooks. FreshBooks is a cloud-based accounting software company that was recently valued at over $1 billion. Get a free trial of FreshBooks: https://www.freshbooks.com/ // Learn more about strategic planning & implementation: ► Subscribe so you never miss a video: www.youtube.com/channel/UCOHLNRrp…ub_confirmation=1 ► Get free workbook to guide you along the process: www.smestrategy.net/strategic-plann…mplate-workbook ► Learn how to successfully lead your next strategic planning process: www.smestrategy.net/strategic-plann…ng-steps-course // More strategic planning resources: ► Join our free community: strategy-and-leadership.mn.co/ ► Are you looking for someone to facilitate your strategic planning process? www.smestrategy.net/strategic-plann…ator-consultant ► Want software to track your strategic plan. Get a 90-day free trial of Cascade Strategy: www.smestrategy.net/cascade // Connect with us: Blog ► www.smestrategy.net/blog Strategy & Leadership Podcast ►www.smestrategy.net/podcast Alignment Book ► www.smestrategy.net/alignment-book Contact us ►www.smestrategy.net/contact Subscribe on YouTube ► www.youtube.com/channel/UCOHLNRrp…ub_confirmation=1 // ABOUT SME STRATEGY CONSULTING: SME Strategy is a management consulting firm that specializes in helping organizations develop and implement their strategic plans. We work with teams to facilitate conversations about strategic direction and business strategy so that our clients can focus their energy on what will move them forward faster. Based out of Vancouver, BC, we've worked with organizations all over North American and beyond in various industries including nonprofits, universities & government organizations. For more information on working with a facilitator for your next strategy session: www.smestrategy.net/strategic-plann…ator-consultant

If your an entrepreneur and your running your business with Word and Excel, you're doing it wrong.Meet Mike McDerment, an entrepreneur who spent 3 years living is his parents basement building accounting software that meets the needs of small business owners.Mike is the Executive Chair & Co-Founder of FreshBooks, the #1 accounting software in the cloud, designed exclusively for freelancers and growing service based business owners. Built out of frustration after accidentally saving over an invoice, Mike spent 3.5 years growing FreshBooks from his parents' basement. Since launching in 2003, over 24 million people have used FreshBooks to save time billing and collect billions of dollars.If you're looking for easy to use software to run your business, this episode is for you.I hope you enjoy our chat!Contact Mike:https://twitter.com/mikemcdermenthttps://www.linkedin.com/in/mike-mcderment-68895a1 https://www.instagram.com/freshbookshttps://www.youtube.com/user/freshbooksThe Breakaway Entrepreneur Toolkit

It's time to kill hourly pricing once and for all. While many freelancers think hourly billing is a fair method, it's actually the least fair method for pricing your work.  Hourly pricing leads to an immediate conflict of interest between you and your clients, and it puts very little consideration for the value of whatever it is that you do.  You are much much more than a bundle of hours for sale.  You're a creative offering something valuable in this world. I'm not the only one that thinks this is the case… Our podcast guest this week is Mike McDerment – the founder and CEO of a 10-figure business. His advice to the 6-figure creative community is this:  It's time to break the time barrier and start charging based on the value you create.  This week's interview is an eye-opening look at why we should quit charging per hour or day, and instead charge a flat rate based on the outcome we deliver to our clients.  In this episode you'll discover: How Mike went from freelancing to running a business worth over 1 billion dollars How freelancing has changed in the past two decades Why you should bill per project, not by the hour How you can determine what a client wants Why some clients aren't worth it What to do if someone offers to pay you a million dollars per hour How different clients see value in different things For full show notes, visit https://6figurecreative.com/165

Mike McDerment founded FreshBooks.com because he saw the need for a better solution to invoicing clients. In this episode, he shares the importance of culture and values in growing a global powerhouse.Company culture is a loose concept that is not easy to precisely describe, but according to Mike, it is the difference between a successful company and one that is destined to ebb away. It is the X-factor that gets stuff done.Culture is the invisible thing in any company. It is what you do when no one is looking. You may ask why this is important to the success of an organization, but as Mike explains in this episode, it really impacts all aspects of the company.To cultivate a strong company culture, you have to start by figuring out what your values are. These values then serve as the reference point to guide the behavior of everybody in the team.Tune in to learn why culture is so valuable to a company and how to cultivate it and sustain it as you scale.Key Takeaways- Mike's entrepreneurial journey and early lessons (01:15)- Why culture is the X-factor that determines the success of a business (08:23)- Actively cultivating culture in an organization (10:12)- How Mike handled imposter syndrome (12:03)-Handling the capital needs of a growing tech company (15:19)- The leading indicator of what will happen next to a company (21:16)- Mistakes Mike has made along the way (21:54)- Personal growth secrets for entrepreneurs (23:37)-What's on Mike's bucket list (25:44)Additional ResourcesLearn more about Freshbooks here: https://www.freshbooks.com/-----You can find the transcripts and more at http://bizninjaradio.comBe sure to follow me on Instagram @bizninja 

Mike McDerment founded FreshBooks.com because he saw the need for a better solution to invoicing clients. In this episode, he shares the importance of culture and values in growing a global powerhouse.Company culture is a loose concept that is not easy to precisely describe, but according to Mike, it is the difference between a successful company and one that is destined to ebb away. It is the X-factor that gets stuff done.Culture is the invisible thing in any company. It is what you do when no one is looking. You may ask why this is important to the success of an organization, but as Mike explains in this episode, it really impacts all aspects of the company.To cultivate a strong company culture, you have to start by figuring out what your values are. These values then serve as the reference point to guide the behavior of everybody in the team.Tune in to learn why culture is so valuable to a company and how to cultivate it and sustain it as you scale.Key Takeaways- Mike's entrepreneurial journey and early lessons (01:15)- Why culture is the X-factor that determines the success of a business (08:23)- Actively cultivating culture in an organization (10:12)- How Mike handled imposter syndrome (12:03)-Handling the capital needs of a growing tech company (15:19)- The leading indicator of what will happen next to a company (21:16)- Mistakes Mike has made along the way (21:54)- Personal growth secrets for entrepreneurs (23:37)-What's on Mike's bucket list (25:44)Additional ResourcesLearn more about Freshbooks here: https://www.freshbooks.com/-----You can find the transcripts and more at http://bizninjaradio.comBe sure to follow me on Instagram @bizninja 

Mike McDerment is Co-Founder, former CEO, and Board Chair of FreshBooks, and in this episode we're talking about how to not kill your SaaS business. Mike went from accidental founder to CEO of a SaaS company with over 24 million users and he's learned a lot of lessons along the way having almost killed the business on multiple occasions. In this episode, Mike talks about: - How he accidentally founded a SaaS company - Why moving too fast almost killed FreshBooks early on - Why he underestimated word of mouth as a growth driver - Why raising at the wrong time can be very dangerous - The counter-intuitive idea of why Mike decided to start a direct competitor company to FreshBooks called BillSpring Links FreshBooks >> https://www.freshbooks.com/ The E-Myth by Michael Gerber >> https://www.goodreads.com/book/show/81942.E_Myth_Mastery --- Advance B2B >> www.advanceb2b.com Follow The Growth Hub on Twitter >> twitter.com/SaaSGrowthHub Follow Edward on Twitter >> twitter.com/NordicEdward

Mike McDerment is the Executive Chair & Co-Founder of FreshBooks, the #1 accounting software in the cloud, designed exclusively for freelancers and growing service based business owners. Built out of frustration after accidentally saving over an invoice, Mike spent 3.5 years growing FreshBooks from his parents’ basement. Since launching in 2003, over 24 million people have used FreshBooks to save time billing, and collect billions of dollars. A lover of the outdoors, Mike has been bitten so many times it’s rumoured he’s the first human to have developed immunity to mosquitoes. In January 2003, Mike was running a four-person design agency and using Microsoft Word to create invoices. One day, he accidentally saved over an old invoice, and something in him snapped – he knew there had to be a better way. Over the next two weeks, he coded up a solution and eventually turned that side-project into what is now FreshBooks.To keep the lights on, he moved into his parents’ basement for 3.5 years and completely revamped how he ran his design firm to the point where he only worked 19 days in one year — while generating over $200,000 to bootstrap the company that would become FreshBooks. Today, Mike has grown FreshBooks to nearly 500 people serving more than 24 million users in 160+ countries. To help self-employed professionals set better rates, Mike also co-authored Breaking The Time Barrier, which has been downloaded more than 300,000 times.

Mike McDerment is the Co-Founder and Executive Chairman of FreshBooks, the world's #1 cloud accounting software for self-employed professionals. Built in 2003 after he accidentally saved over an invoice, Mike spent 3.5 years growing FreshBooks from his parents' basement. Since then, over 24 million people have used FreshBooks to save time billing, and collect billions of…Continue reading ➞ Mike McDerment, Co-Founder Freshbooks, Stretching Yourself to Build a Product Company that Scales Easily – Episode 163The post Mike McDerment, Co-Founder Freshbooks, Stretching Yourself to Build a Product Company that Scales Easily – Episode 163 first appeared on Mike Malatesta.

Mike McDerment is the Co-Founder and Executive Chairman of FreshBooks, the world’s #1 cloud accounting software for self-employed professionals. Built in 2003 after he accidentally saved over an invoice, Mike spent 3.5 years growing FreshBooks from his parents’ basement. Since then, over 24 million people have used FreshBooks to save time billing, and collect billions of…Continue reading ➞ Mike McDerment, Co-Founder Freshbooks, Stretching Yourself to Build a Product Company that Scales Easily – Episode 163

All Episodes can be found at www.speakingpodcast.com All Social Media + Donations link https://linktr.ee/speaking If you are interested in Meditation or learning Polish /Polish Properties please visit www.roycoughlan.com Awakening Podcast to Help Corruption & Fraud with Solutions www.awakeningpodcast.org Our Facebook Group can be found at www.facebook.com/speakingpodcast About My Guest: Mike is the co-founder and CEO of FreshBooks, the world’s #1 cloud accounting software for self-employed professionals. Built in 2003 after he accidentally saved over an invoice, Mike spent 3.5 years growing FreshBooks from his parents’ basement. Since then, over 24 million people have used FreshBooks to save time billing, and collect billions of dollars. A lover of the outdoors, Mike has been bitten so many times it’s rumored he’s the first human to have developed immunity to mosquitoes :) What we Discussed: - His speaking journey - Learning to be a better CEO Speaker - How to structure your speeches - Building the company through communication - His Book on How Much to Charge Your Clients - Knowing who should take the roles from founders in a company - Knowing if you should get Venture Capital - Building Culture in the Company - Should you have remove or Office Working - Social Media Promoting and more How to Contact Mike: https://www.freshbooks.com Social Media: https://www.facebook.com/FreshBooks/ Twitter: https://twitter.com/freshbooks & https://twitter.com/MikeMcDerment Linkedin: https://www.linkedin.com/in/mike-mcderment-68895a1/ --- Send in a voice message: https://anchor.fm/roy-coughlan/message

Behind every great success is a great story. Mike McDerment is the founder, board chair, and executive at FreshBooks, the #2 small business accounting software in the US. In this episode, he shares his experience, thoughts, and best advice on how to approach life as a busy entrepreneur. Support the show (http://buildingabusinessthatlasts.com)

Mike McDerment - FreshBooks Founder, shares what sparked his business and how returning home to work from his parents basement is where the magic began.  Mike goes on to say that building your team and having them share your values is really important as well as staying focus on your business so it doesn't go the wrong direction. Ryan Alard - VP of Marketing for Digistore24, talks about how he provides a turnkey online store for companies and takes all the processing and promoting off the entrepreneur's hands.  His company will find the people who want to sell your product.  Ryan goes on to say that you can make money by promoting products on your social media.  He closes the show with his advice that he tells all of his employees, to be the CEO of their position and to make it their job to be the best that they can be at it. [00:00:00] I'm Home! [00:05:49] Accounting 101 [00:11:31] Values and Alignment [00:18:22] Turnkey Promoting [00:26:06] Social Media Promoting [00:33:24] Own It!

Mike McDerment - FreshBooks Founder, shares what sparked his business and how returning home to work from his parents basement is where the magic began.  Mike goes on to say that building your team and having them share your values is really important as well as staying focus on your business so it doesn't go the wrong direction. Ryan Alard - VP of Marketing for Digistore24, talks about how he provides a turnkey online store for companies and takes all the processing and promoting off the entrepreneur's hands.  His company will find the people who want to sell your product.  Ryan goes on to say that you can make money by promoting products on your social media.  He closes the show with his advice that he tells all of his employees, to be the CEO of their position and to make it their job to be the best that they can be at it. [00:00:00] I'm Home! [00:05:49] Accounting 101 [00:11:31] Values and Alignment [00:18:22] Turnkey Promoting [00:26:06] Social Media Promoting [00:33:24] Own It!

Welcome to the Financial Independence UK podcast! Join your hosts Tom and Alex as they talk about time and money and how it impacts your FI journey.In this episode we speak about the link between time and money and much of a role time plays in our modern society. Many of us trade hours at work for money in our payslips at the end of the month, for example. This creates an income ceiling as people won't work ridiculous hours each week nor be paid a very high hourly rate for their field.Value based payment instead of an hourly rate.Breaking the time barrier, how to unlock your true earning potential - Mike McDerment and Donald Cowper. The way to increase income is to either work more hours or increase the amount you earn per hour. These both have limitations.As always, if you have any questions for the team, feel free to email us at fi.ukpodcast@gmail.comResource:Swedish Investor. 80% of the benefits for 20% of the effort.Links featured in the show: https://www.youtube.com/channel/UCAeAB8ABXGoGMbXuYPmiu2APiano music for intro and outro:Heroic Reception by Kevin MacLeodLink: https://incompetech.filmmusic.io/song/3871-heroic-receptionLicense: http://creativecommons.org/licenses/by/4.0/Ecossaise in E-flat (WoO 86) by Kevin MacLeodLink: https://incompetech.filmmusic.io/song/3700-ecossaise-in-e-flat-woo-86-License: http://creativecommons.org/licenses/by/4.0/

How to Use (professional) Blind Dates to Destroy Silos!.......Our guest today is a man for whom Leadership and Loyalty are things he's deeply committed to. Mike McDerment is the Executive Chair & Co-Founder of FreshBooks; his insights come from spending nearly 20 years building a global team of 500 committed FreshBookers. FreshBooks is the #1 accounting software in the cloud. Built out of frustration, Mike spent three and a half years growing FreshBooks from his parent’s basement. Since launching in 2003, over 24 million people have used FreshBooks to save time billing and collect billions of dollars. More about Mike McDerment and Freshbooks:  https://www.freshbooks.com/Social Media: https://www.facebook.com/FreshBooks/ Twitter:  https://twitter.com/freshbooks  & https://twitter.com/MikeMcDerment LinkedIn: https://www.linkedin.com/in/mike-mcderment-68895a1/........To find out how you can hire Dov Baron as a speaker or strategist for yourself of your organization: DovBaron.com Get bonus content on Patreon See acast.com/privacy for privacy and opt-out information.

Mike McDerment is the Co-Founder and CEO of FreshBooks, the #1 accounting software in the cloud, designed exclusively for freelancers and growing service-based business owners. Built out of frustration after accidentally saving over an invoice, Mike spent 3.5 years growing FreshBooks from his parents’ basement. Since launching in 2003, over 24 million people have used FreshBooks to save time billing and collect billions of dollars. Visit Freshbooks  

Put yourself on the couch for this conversation and prepare to explore the entrepreneurial journey. Mike McDerment, the co-founder of Freshbooks, joins Eric Kasimov on this episode of Entrepreneur Perspectives to discuss pivoting, exploring, and learning. FreshBooks is considered by many the number one accounting software in the cloud, designed exclusively for freelancers and growing service-based business ... Read more The post EP130 | Exploring FreshBooks with Co-Founder Mike McDerment appeared first on KazSource.

Put yourself on the couch for this conversation and prepare to explore the entrepreneurial journey. Mike McDerment, the co-founder of Freshbooks, joins Eric Kasimov on this episode of Entrepreneur Perspectives to discuss pivoting, exploring, and learning. FreshBooks is considered by many the number one accounting software in the cloud, designed exclusively for freelancers and growing service-based business… The post EP130 | Exploring FreshBooks with Co-Founder Mike McDerment appeared first on KazSource.

Mike co-authored Breaking The Time Barrier, which teaches self-employed professionals how to price their services. The book takes only one hour to read, has been downloaded more than 300,000 times, and has received praise from Tim Ferriss, Michael E. Gerber, Tina Roth Eisenberg, and Daniel H. Pink. Resources Mentioned SFP Mastermind Group Breaking The Time […] The post SFPP 166: How To Unlock Your True Earning Potential Featuring Mike McDerment appeared first on Ben Hartley.

Sometimes, a big mistake can trigger a big idea. In 2003, Mike McDerment was running a small web design agency when he accidentally saved over an old invoice. Frustrated and looking for a better way to bill clients, he decided to build the better way himself. The solution he came up with would become the foundation for FreshBooks, a cloud-based accounting software for freelancers and service-business owners, which is now the #2 small business accounting software in America, with around 500 employees and customers in more than 100 countries. In true startup fashion, Mike ran FreshBooks out of his parents’ basement for the first 3 ½ years. His mother was even an early investor, securing a line of credit for the co-founders since they couldn’t get a loan themselves. In 2014, after a decade of incremental growth, FreshBooks raised $30 million in venture capital funding. A second round in 2017 raised another $43 million, fueling the company’s growth and dominance in the booming self-employed and small business market. Mike shares how he made the tough decision to pursue VC funding, the innovative approach they took to replatforming, how his role has evolved over time and what he’s doing to keep his entrepreneurial chops fresh. *** If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than a minute and helps us continue to attract the entrepreneurs you want to hear and learn from. For show notes, past guests and transcripts, visit venturevoice.com Sign up for the Venture Voice email newsletter at venturevoice.substack.com/welcome Follow and connect on social: On Twitter: twitter.com/gregory On Instagram: instagram.com/gregory On YouTube: youtube.com/c/GregoryGalant On LinkedIn: linkedin.com/in/galant/ Learn more about Muck Rack at muckrack.com and The Shorty Awards at shortyawards.com

Resources From This Episode:Read the ebook: Breaking the Time BarrierFreshBooks.comLearn more about Stoicism

Welcome to the Conscious Millionaire Show for entrepreneurs who want to build a high-profit business that makes an impact! Make Your First Million, with your Host, JV Crum III…  Mike McDerment: Make Millions Building an Authentic Brand Mike McDerment is the co-founder and CEO of FreshBooks, the world’s #1 cloud accounting software for self-employed professionals. Built in 2003 after he accidentally saved over an invoice, he spent 3.5 years growing FreshBooks from his parents’ basement. Since then, over 10 million people have used FreshBooks to save time billing, and collect billions of dollars. A lover of the outdoors, he has been bitten so many times it’s rumored he’s the first human to have developed immunity to mosquitoes. Like this Podcast? Get every episode delivered to you free!  Subscribe in iTunes And, download your free gift today... Born to Make Millions Empowerment Audio - Click Here! Please help spread the word. Subscribing and leaving a review helps other entrepreneurs and business owners find our podcast… grow a high-profit business that makes an impact. Conscious Millionaire Network has over 2,000 episodes and millions of listeners in 190 countries. Our original Conscious Millionaire Podcast was named in Inc Magazine as one of the Top 13 Business Podcasts!

Welcome to the Conscious Millionaire Show for entrepreneurs who want to build a high-profit business that makes an impact! Make Your First Million, with your Host, JV Crum III…  Mike McDerment: Make Millions Building an Authentic Brand Mike McDerment is the co-founder and CEO of FreshBooks, the world's #1 cloud accounting software for self-employed professionals. Built in 2003 after he accidentally saved over an invoice, he spent 3.5 years growing FreshBooks from his parents' basement. Since then, over 10 million people have used FreshBooks to save time billing, and collect billions of dollars. A lover of the outdoors, he has been bitten so many times it's rumored he's the first human to have developed immunity to mosquitoes. Like this Podcast? Get every episode delivered to you free!  Subscribe in iTunes And, download your free gift today... Born to Make Millions Empowerment Audio - Click Here! Please help spread the word. Subscribing and leaving a review helps other entrepreneurs and business owners find our podcast… grow a high-profit business that makes an impact. Conscious Millionaire Network has over 2,000 episodes and millions of listeners in 190 countries. Our original Conscious Millionaire Podcast was named in Inc Magazine as one of the Top 13 Business Podcasts!

When I launched my company Clarity.fm in 2010, I gave a live demo to an audience showing how the service works. It was my Steve Jobs moment. From stage, I demonstrated how Clarity enabled me to call high-profile, successful entrepreneurs and get business advice from them over the phone instantly. For the live demo, I had to call someone notable… someone the audience couldn’t reach. I called Mike McDerment, the CEO of FreshBooks, a super successful accounting SaaS. Mike was my example of a successful CEO. He’s smart, committed to growth, and has scaled FreshBooks from humble beginnings in his parent’s basement back in 2004… ...to a team of over 300+ employees, raising over $75M in funding and earning over $50M+ annual recurring revenue. Now it’s a pleasure to hand him the microphone once again by inviting him on the Escape Velocity podcast to share his infinite wisdom about leadership and growth in the SaaS space. If you’ve ever wondered what kind of a CEO you are (or could be), then you need to hear this interview. In this episode, we’re discussing: - The 3 types of CEOs (which one are you?) - The 3 core functions of a CEO - The 3 stages of leadership growth in a scaling SaaS - Why Mike hired an external COO with shared responsibilities - Dealing with inevitable growth - Scaling a remarkable culture - How a CEO’s gut instinct is your best weapon… if you train it! - Building an executive board - Why Freshbooks resisted VC investors for over 10 years - How to train and sharpen your CEO mind - Pattern recognition as a method of business intuition - Why he thinks Freshbooks, at 16 years old, is still in its infancy Even now, there is still glorification of the struggling startup. “Dude, I’m launching a startup, then I’ll be my own boss and escape the 9-to-5!” But as any business achieves the success it sets out for, many founders struggle to morph into the person they need to be to lead a growing business at scale. That’s why I think it’s incredibly important that you hear the experiences of CEOs like Mike and the inevitable steps that they had to take as their companies grew. It’s better to learn this in advance before you back your business into a corner. So I encourage you: put your earphones in and fire up the episode. It’s eye-opening. -- Dan Martell has advised more startups than his hometown has people and teaches startup founders like you how to scale. (Get the free 3 videos to grow your business here.) He previously created, raised venture funding for and successfully exited two tech startups: Flowtown and Clarity.fm. You should follow him on twitter @danmartell for tweets that are actually awesome. + Instagram (behind the scenes): http://instagram.com/danmartell + Facebook (live trainings + Q&A): http://FB.com/DanMartell + Twitter (what I'm reading): http://twitter.com/danmartell   

If you deal with imposter syndrome and fear in your business, you're in good company. Today's guest, Mike McDerment, is the co-founder of Freshbooks. His company has a team of 500 and he still faces it on the regular.  In this episode you'll learn how to put a positive spin on imposter syndrome to grow […]

If you deal with imposter syndrome and fear in your business, you’re in good company. Today’s guest, Mike McDerment, is the co-founder of Freshbooks. His company has a team of 500 and he still faces it on the regular.  In this episode you’ll learn how to put a positive spin on imposter syndrome to grow ... Read more

Premium Members, click here to access this interview in the premium area. Patrick Boucousis of www.thesalesnatural.com and Mike McDerment of www.freshbooks.com both feature in today's episode. Patrick is a sales coach who I learned about from photographer and PhotoBizX member, Adrian Harrison, who said in his email to me, after working with Patrick... [...] The post 394: Patrick Boucousis – How to be a better salesperson in your photography business appeared first on Photography Business Xposed - Photography Podcast - how to build and market your portrait and wedding photography business.

Can I lead the company I started? It’s a question founders and their investors ask themselves a lot. While most founders (four out of five, to be exact) want to stick around as CEOs of their own ventures, more than half are pushed out by the time their company is three years old. Of course, founder-CEOs do exist: Phil Knight, Anne Wojcicki, Reed Hastings, the list goes on. Mike McDerment, Co-Founder and CEO of Freshbooks, is one of those exceptions to the rule. Back in 2003, while running a small design firm, McDerment became frustrated with the process of billing his clients. Unsatisfied with the solutions on the market, he decided to build his own: Freshbooks. Today, Freshbooks helps more than 24 million SME customers send, receive, print, and pay invoices. Throughout the company’s 17-year life, McDerment has served as CEO. He has seen the ups and downs of building and scaling a business. Today, Carlos gets a chance to dig into some of the biggest lessons learned throughout McDerment’s Freshbooks career. They discuss how Freshbooks acquired early customers without a sales department, how the team approached product development for the highly-fragmented SME market, and how McDerment balances life as a parent and CEO. Listen and learn, McDerment has ample wisdom to share! Links: Carlos Espinal - twitter.com/cee Freshbooks - twitter.com/freshbooks | freshbooks.com Mike McDerment - linkedin.com/in/mike-McDerment-68895a1/ Seedcamp - seedcamp.com HBS Founders Dilemma - hbr.org/2008/02/the-founders-dilemma

Mike is the co-founder and CEO of FreshBooks, the #1 accounting software in the cloud, designed exclusively for freelancers and growing service-based business owners. Mike McDerment tells us how he built his business from his parents' basement to having the #1 accounting service in the cloud! He also talks about his value-based pricing model, landing big name endorsers, and much more!

Running a business can be overwhelming, especially when it comes to know how to charge what you're worth. How can you know what value you are really providing? The truth is that we can all know the value we provide simply by talking to our customers, clients, and audience. If you are solving their problems, you are providing value. My guest today is going to share some ways you can make sure you are charging what you are worth. Mike McDerment is the founding CEO of FreshBooks. FreshBooks is cloud-based accounting software. Mike created this software when he was running a design firm. The accounting software that he was using just wasn’t working well for him as he tried to create and send invoices and collect payments. Mike created the software and transitioned away from the design firm to being a software company. Since then over 20 million people have used their software with customers in over 100 different countries. Read more HERE

The Keys to Scaling a Business the Right Way What You Will Learn: How mistakenly saving over an invoice led Mike to design the accounting software his business needed, leading to the birth of FreshBooks How the company that started with six team members in his parents’ basement now has millions of users in more than 160 countries Why Mike was reluctant to raise outside capital and instead self-funded the business for a long time Why Mike believes that accepting venture capital during the early days could have undermined the value of the business What important lessons on scaling a business Mike learned growing FreshBooks from just six employees to more than 400 What key organizational growth breakpoints Mike identified on the journey, and how the company had to adapt to each new breakpoint Why having shared values and alignment within your organization is the key to success, and why every problem in business is ultimately a people problem How Mike addresses the difficult situation of a team member not being in alignment with their role in the company Why Mike has chosen to dedicate time to his thought leadership efforts, and why he considers it to be “soul food for entrepreneurs” Why shifting from time-and materials-based billing to value-based billing can be a powerful game-changer for your business The Keys to Scaling a Business the Right Way William S. Burroughs famously said, “When you stop growing, you start dying.” We all want our businesses to keep growing, but sometimes we hit obstacles and roadblocks during the scaling process — and the solutions we used to get us where we are often don’t work to get us where we want to be. In this episode of Onward Nation, FreshBooks CEO and co-founder Mike McDerment shares how his business, which started out with six team members in his parents’ basement, has grown to millions of users in over 160 different countries. And — he shares key lessons on scaling a business he learned during that remarkable growth journey — lessons that can help you fuel the growth of your own business. Bootstrapping Rapid Growth Mike created the software that would become FreshBooks after growing frustrated when he accidentally saved over a past billing invoice. That’s when he decided to create a better tool for small business accounting. The tool proved successful — and Mike’s focus shifted to this new business opportunity. One of the important decisions Mike made early in the life of FreshBooks was to walk away from venture capital funding. At the time, Mike was concerned that the need to offer a return on investment could stunt progress in scaling a business — and so for years, FreshBooks was self-funded. Ultimately, this put the company into a great position now that it is in the pre-IPO stage because it allowed FreshBooks to remain more nimble without being beholden to outside investors during its critical growth period. While Mike believes venture capital isn’t always a bad idea, it wasn’t the right choice for FreshBooks. Scaling a Business Takes Alignment and Shared Values During FreshBooks’ remarkable period of growth, the company reached several key milestones and breakpoints. Each time, Mike and the team had to adapt to change and learn new, critical skills directly tied to scaling a business. For example, early on everyone reported directly to Mike — but eventually, the team grew enough that managers needed to be added. As Mike said during his interview, it was important to identify when these breakpoints happened and to adapt the business to continue scaling through them. And it is an ongoing process — as the business grows, the things needed to keep it moving change. Ensuring that everyone is aligned with your mission and values is critical, and if a team member isn’t in alignment with their role, it is important to address the situation honestly and clearly. As Mike said, every business problem is a people problem at its heart. Getting the right people in the right seats can help you overcome any obstacle. About Mike McDerment Mike McDerment is the co-founder and CEO of FreshBooks, the world’s #1 cloud accounting software for self-employed professionals. Built in 2003 after he accidentally saved over an invoice, Mike spent 3.5 years growing FreshBooks from his parents’ basement. Since then, over 10 million people have used FreshBooks to save time billing and collecting billions of dollars. A lover of the outdoors, Mike has been bitten so many times it’s rumored he’s the first human to have developed immunity to mosquitoes. How to Connect with Mike McDerment: Read Mike McDerment’s free book on value-based billing, “Breaking The Time Barrier” Learn more about Mike’s company, FreshBooks LinkedIn: www.linkedin.com/in/mike-mcderment-68895a1/ LinkedIn: www.linkedin.com/company/freshbooks/ Facebook: www.facebook.com/FreshBooks/ Twitter: https://twitter.com/freshbooks Twitter: https://twitter.com/mikemcderment FreshBooks YouTube: https://www.youtube.com/user/freshbooks Additional Resources: Sell With Authority by Drew McLellan and Stephen Woessner: https://amzn.to/39y7x13 Predictive ROI Free Resource Library: https://predictiveroi.com/resources/ Stephen Woessner’s LinkedIn: www.linkedin.com/in/stephenwoessner/

Mike McDerment is the Co-founder and CEO of FreshBooks, the #1 accounting software in the cloud, designed exclusively for freelancers and growing service-based business owners. Built-in 2003 after he accidentally saved over an invoice, Mike spent 3.5 years growing FreshBooks from his parents’ basement. Since then, over 24 million people have used FreshBooks to save time billing, and collect billions of dollars. In this episode of the Smart Business Revolution Podcast, Mike McDerment, Co-founder and CEO of FreshBooks, gets interviewed by John Corcoran about building FreshBooks and helping build small businesses. Mike also shares with John how he started his company, his secrets to building business relationships, and how raising money through venture capital has impacted his company. The post Mike McDerment | Founding Freshbooks, Serving SMB Businesses appeared first on Smart Business Revolution.

So how do you retain more of your current clients and increase their lifetime value over time? On this episode of The Friday Habit podcast, Ben and Mark provide their top 3 ways and recommend some awesome resources to help you along the way.  Package or productize your service – Mike McDerment wrote the e-book “Breaking the Time Barrier” demonstrating this topic, which we highly recommend that you read. Horizontal integration such as expanding your current product offerings based on demand and needs expressed by your clients can be a gamechanger for your business. Create a subscription service – Often referred to as a retainer, a subscription service is a way ensure that your clients will stick around for a specified period of time and that you will be able to provide enough value to them that they will recognize their need for your services. One good way to communicate this value is by providing the client with a quarterly or annual report of what your company has done for them and laying out some goals for the future. Continue the relationship with content marketing – Content marketing is one of the clearest ways to provide value to clients, new or existing. Setting yourself up as a thought leader in your area of expertise and willingly sharing that knowledge will surprise and delight your clients and keep them engaged. You can do this through weekly email newsletters, hosting a podcast, creating a deliverable that your clients can refer to, or offering free services to help them conduct more effective business themselves. Your action item after this episode is to read the e-book entitled “Breaking the Time Barrier” and consider how you might implement some of the methods described there into your own business.Links:Bonjoro: https://www.bonjoro.com/BombBomb: https://bombbomb.com/c/ Taylor Landis article: https://www.outboundengine.com/blog/customer-retention-marketing-vs-customer-acquisition-marketing/“Breaking the Time Barrier” e-book: https://www.frameworkhomeownership.org/images/uploads/Breaking-the-Time-Barrier.pdfConnect with us:https://www.thefridayhabit.com/thefridayhabit@knapsackcreative.com https://www.instagram.com/benjaminmanleyhttp://www.benjaminmanley.com/https://www.brandvivamedia.com/https://www.facebook.com/Marklab2https://www.linkedin.com/in/marklab2/ 

Mike McDerment is the Co-Founder and CEO of FreshBooks, the world's #1 cloud accounting software for self-employed professionals. Built out of frustration after accidentally saving over an invoice, Mike spent 3.5 years growing FreshBooks from his parents' basement. Since launching in 2003, over 10 million people have used FreshBooks to save time billing, and collect billions of dollars. A lover of the outdoors, Mike has been bitten so many times it's rumoured he's the first human to have developed immunity to mosquitoes. In January 2003, Mike was running a four-person design agency and using Microsoft Word to create invoices. One day, he accidentally saved over an old invoice, and something in him snapped – he knew there had to be a better way. Over the next two weeks, he coded up a solution and eventually turned that sideproject into what is now FreshBooks. To keep the lights on, he moved into his parents' basement for 3.5 years and completely revamped how he ran his design firm to the point where he only worked 19 days in one year — while generating over $200,000 to bootstrap the company that would become FreshBooks. Today, Mike has grown FreshBooks to nearly 300 people serving more than 10 million users in 160+ countries. To help self-employed professionals set better rates, Mike also co-authored Breaking The Time Barrier, which has been downloaded more than 300,000 times.

How did Mike McDerment become co-founder of FreshBooks? The story makes for an interesting listen.