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.
- Beanninjas.com – No more bookkeeping headaches from only AUD$99 per month. Great for online businesses and entrepreneurs who don’t have the time or desire to figure out accounting, bookkeeping or how to use Xero.
- Don’t risk it: Get your Co-founder Agreement right
- Bean Ninjas Growth Report April 2016
- 7 Day Startup – Launch a business or project in 7 days
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