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Meet this week’s awesome entrepreneur: Meryl Johnston, co-founder of Bean Ninjas – a Xero bookkeeping service for online businesses.

Meryl and her co-founder Ben McAdam were able to build a $100k business in just 8 months. In this episode of Transitions, I talk to Meryl about her journey so far and some key lessons that she had along the way.

Site note: We’ve been helping Bean Ninjas with their content marketing so it’s been a real pleasure to follow their growth journey and to be able to play a part in making that happen.

Listen and Learn:

  • How Meryl transitioned from auditing to running her own consulting business, and why a consulting business is a great first business to have (but not the best to scale).
  • The key elements for a successful monthly subscription business (also referred to as a “productized service”).
  • How Meryl and Ben were able to get to $100K in their first 8 months of business.
  • The importance of working with the right co-founder, getting your co-founder agreement in place, and the elements of a good co-founder agreement.
  • The top frustrations small business owners have with bookkeeping and why accounting is powerful for fast-tracking your business growth.

Resources Mentioned:

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Originally posted 2016-06-29 11:07:47.