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Getting Accounting Done the Fast & Easy Way with Randal DeHart

📅 February 26, 2020 ⏱️ 1:12:12 🎤 Randal DeHart, Tommy Mello

Chapters

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  • 0:00
    Getting accounting done fast and easy
  • 6:34
    The competitive spirit behind the business
  • 13:06
    Why he loves brand-new startups
  • 16:23
    The owner who does everything themselves
  • 19:39
    The vendors who float on your money
  • 22:57
    The one report he now checks every day
  • 26:12
    The systems that started in the '90s
  • 32:47
    Learning everything about the client first
  • 36:01
    Calculating from your employee count
  • 39:27
    'I can't hire anyone, they're all stupid'
  • 42:46
    Expanding beyond being the handyman
  • 46:06
    Keep fresh water flowing or become a swamp
  • 49:28
    Spend time with successful people

Speakers

R
Randal DeHart
Construction Accounting & Bookkeeping Expert
T
Tommy Mello
Host; Founder & CEO, A1 Garage Door Service

Key Takeaways

Accounting done fast and easy comes from the right systems and reports, so you check the numbers daily instead of dreading them.

The owner who does everything — taxes, truck tune-ups, answering phones — will never scale; you have to hand off the hats.

Watch your cash timing: vendors and customers who pay late are effectively borrowing your money, and it adds up.

One simple report you once thought was stupid can become the number you look at every day to run the business.

If you think you 'can't hire anyone because they're all stupid,' the problem is your process, not the labor pool.

A business is like a body of water — if you don't keep fresh water (ideas, people, customers) flowing in, it becomes a swamp.

Spend time with successful people and read voraciously; proximity and learning compound into better decisions.

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