Recovering from Debt with Salim Omar

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Show Summary

On this episode we talk with Salim Omar. When Most small businesses wrack up over $100,000 in debt they decide to call it quits, but not Salim Omar.  He decides to turn around his business.  He shares insights into his own stories and specific strategies you can use to grow your accounting, bookkeeping, or coaching business to any level you desire. Welcome to episode 110 of the Grow My Accounting Practice Podcast.

Our Guest

Salim Omar has spent the last 20 years uncovering the keys to success of any CPA firm. He’s used his financial expertise and his own struggles in the early years of starting and growing his CPA firm as a springboard for understanding the success principles that create accounting firms that are profitable, respected and fun for their employees. Feeling unfulfilled and tired of corporate politics and a long commute, in 1996 Salim left a “cushy” corporate, CFO position with a corner office to fulfill his mission of starting his own CPA firm. He soon found out that this was no easy task, and he struggled with low-paying clients, poor cash flow and a high employee turnover. After going $100,000 into debt, Salim made it his mission to transform his struggling practice into a highly profitable, 12+ person firm that it is today. Best of all, he works only a few days a week while his practice continues to thrive. Salim is considered by many as the #1 advisor and thought leader for accounting firms. His company ( helps practitioners avoid the same pitfalls he encountered, and to create their own lifestyle practice. He has authored popular books such as, The Million Dollar CPA Firm, and The Ultimate CPA Practice in the New Economy. He has been featured in a range of prestigious publications such as The CPA Journal, Financial Advisor and Wealth Manager and on the cover of Accounting Today.  

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Corporate Partners

Receipt-Bank – Software and service to make the gathering, storage & processing of bills, receipts and invoices as easy and as cost effective as possible for businesses. Nextiva – VOIP phone providers for small businesses. Fundbox –  the simplest and fastest way to fix your cash flow by advancing payments for your outstanding invoices. Right Networks – for forward-thinking CPA firms, accounting professionals, and SMBs who want to move to the cloud

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