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In this episode, we interview Russ Cowan from Money Smarts, a full-service accounting firm specializing in small businesses. Russ shares his journey from a one-room schoolhouse in rural Nebraska to becoming a successful accountant and business owner. The conversation covers the origins of Money Smarts, the challenges and rewards of entrepreneurship, common accounting mistakes, and the importance of client relationships. Russ emphasizes the value of helping small businesses navigate their financial questions and the satisfaction that comes from supporting his team and clients.
takeaways
- Perch Merch specializes in custom screen printing and promotional products.
- Money Smarts was founded to help small businesses with affordable accounting services.
- Russ Cowan started his business after realizing the need for better financial guidance for small businesses.
- The firm operates on a subscription model, providing ongoing support to clients.
- Russ's background includes a unique education experience in a one-room schoolhouse.
- He transitioned from H&R Block to starting his own accounting firm.
- Common accounting mistakes often stem from misconceptions about what can be written off.
- Business ownership comes with significant challenges, especially during tax season.
- The rewards of business success include supporting employees and reaching milestones.
- Russ enjoys spending time with family and attending local sports events.
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