This is a first for us… Derek Schriver of Schriver Carmona & Company, the partner of Chris Carmona – a previous guest, joined us for this week’s episode of Life In Accounting: The Where Accountants Go podcast.
The rest of the story…
After interviewing Chris Carmona a couple months back, I found the story of how they began that firm so interesting that I thought it would be beneficial to get Derek’s input as well on how they decided to start the firm as well as his own career journey of course. And for the record, Derek said Chris got the details “99% correct”. <Grin>
You will be able to tell from both interviews that Schriver Carmona & Company definitely has a healthy culture and an impressive record given that it’s only been 6 years since they formed the company and acquired their first practice.
Acquiring a practice…
This interview was different in that I took the opportunity to find out many more details about the practice acquisition process and how they made those decisions. If you are considering starting your business by acquiring an existing practice, this episode will be extremely valuable. Derek shares insight on the important items to consider when looking at a practice such as the transition timeline, make-up of the team, etc.
He was 28!
It will surprise you after you listen to all the detail that Derek shares, but at the end you will hear Derek reference the fact that he was only 28 years old when all this started with the acquisition of the first firm. You’ll also hear that his background was primarily audit, and that the practice they acquired was primarily tax-based. Derek truly removes all the excuses from anyone thinking about following in his footsteps… except that of hard-work. He definitely references the need for a strong work ethic, particularly in the early days.
I hope you enjoy this episode. It’s a gold mine if you are considering ever starting your own firm.
Here we go… enjoy!
Mark Goldman CPA
President – Where Accountants Go
www.WhereAccountantsGo.com
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