113: Creating Freedom & Managing Finances Meryl Johnston

Published: June 15, 2016, 4:09 a.m.

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Meryl Johnston is a Chartered Accountant, which is the Australian version of a certified public accountant. She\\xa0started her career in the audit division at BDO (Melbourne),\\xa0followed by a number of years in commercial roles and a stint as a lecturer in accounting and audit. \\xa0She started her own consulting business, but found scaling it to be extremely difficult, and thus looked for a better option \\u2014 thats when she discovered accounting software.

Meryl is a keen surfer and can often be found at her home break at\\xa0Palm Beach\\xa0on the\\xa0Gold 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\\u2019t scale\\u2026
  • 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\\u2019s Favorite Quote:
\\u201cDecide your no\\u2019s in advance.\\u201d\\xa0\\u2014\\xa0Tim Ferriss

Links From Today\\u2019s Show:
www.beanninjas.com

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