89 - Quit Your Job, Buy a Business: Advice for Aspiring Entrepreneurs with Yvette Owo

Nikonomics - The Economics of Small Business

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Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Yvette Owo (https://x.com/yvetteowo), founder of YOLO Accounting. In this episode, Yvette talks about her unique journey from consulting for Fortune 500 companies to building and growing her own accounting firm. We discuss how she scaled YOLO Accounting, the strategies she used for acquiring businesses, and the lessons she learned from managing multiple ventures.

Questions this Episode Answers:

• How did Yvette transition from consulting at Fortune 500 companies to running her own business?
• What are the biggest challenges of acquiring and growing an accounting firm?
• Why is having a clear business structure important for scaling?
• How can entrepreneurs use accounting and financial insights to improve their businesses?
• What mindset shifts helped Yvette succeed in her entrepreneurial journey?

Enjoy the conversation!
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This week we covered:
00:00 From Corporate to Entrepreneurship: The Journey Begins
10:11 Building a Business: The Accounting Firm Experience
19:54 Helping Businesses Thrive: The Impact of Accounting
30:00 Creating a Scalable Business Model
34:51 Reflections and Rapid Fire Questions