EP486: Lynn Gagne-Webb – Building & Selling A Bookkeeping Firm - Part 1

" You're on your own as a business owner. You're trying to figure out, there's no course that anybody gives you to tell you how to be a business owner." -Lynn Gagne-Webb In the first of a two-part series, Lynn Gagne-Webb, founder of Custom Bookkeeping, shares her journey from the corporate world to running and selling a successful bookkeeping firm. As well, Lynn dives into her unique approach to building a team, and reveals how creating a culture of trust and flexibility helped her attract and keep loyal staff for years. In this episode, you'll also learn... The struggles of being a business owner The importance of taking CEO time to review your own business health How to focus on leading your business To learn more about Lynn, click here. Connect with her on LinkedIn. Time Stamp 01:23 – Lynn shares her journey from corporate to entrepreneurship 03:37 – Lynn's vision for supporting small business owners 04:18 – The challenges of being on your own as a business owner 05:22 – Why small businesses struggle & how lack of knowledge hurts them most 06:41 – Getting caught up in growth & forgetting to review your own numbers 07:51 – The value of CEO days & looking at your business health 08:49 – Why even bookkeepers shouldn't do their own books 10:17 – The difference between detail-oriented & problem-solving bookkeepers 12:22 – Knowing your strengths & weaknesses as an owner 15:38 – Lynn's hiring experiences & lessons learned in building a team 18:14 – How flexibility & trust created a loyal workforce 22:12 – The impact of culture on retention & business success