vinnie fisher

EPISODE SUMMARY: Accountability is what it's all about. Why do so many people go to the gym with a partner? So the partner holds them accountable for getting results and hitting goals. Why do businesses of all shapes and sizes have performance reviews and goal-setting initiatives? So team members can be held accountable for their work.

There is enormous power in holding yourself accountable for things that happen in your life, both personally and professionally. It's human nature to search for excuses or point the finger of blame at someone else. But those who are willing to own up negative results just as quickly as they do positive ones are the leaders who establish the right mindset, grow within their capabilities, and excel at whatever endeavor they attack for the long haul.

In Episode 78 of The Business Equation Podcast, Nick Bogacz is joined by Vinnie Fisher, a highly successful leader, entrepreneur, and author to discuss the mindset that leaders bring to the table, as well as how leaders rapidly evolve when they hold themselves accountable for their results.

MORE ABOUT VINNIE FISHER: After growing three 8-figure businesses with fast growth, many customers and low margin, Vinnie discovered the issue was that he lacked financial fluency and gave back much of his hard-earned money in cash waste and no margin. With no good solutions in the marketplace, Vinnie founded Fully Accountable, an outsourced full-service, cutting-edge accounting firm that helps eCommerce and Digital business owners through fractional CFO and accounting services.

He has also authored three best-selling books and has guided Fully Accountable to the Inc 5000 as one of the fastest growing companies in America twice, and ranked as one of the Top 5 Outsourced Accounting Firms by CFO Tech Outlook.

As a listener of The Business Equation Podcast, Vinnie wants to give you a copy of his latest book, False Profits: It's Not the Top Line That Pays You, for free! All you need to do is click this link and follow the directions to get your free copy.

You can connect with Vinnie and learn more about what he and team at Fully Accountable do by visiting vinniefisher.com.


Questions for Nick? Hit him up at nickbogacz.com!

Nick is a published author! Click here to check out his book, The Pizza Equation: Slicing Up How to Run a Successful Pizza Enterprise.

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MUSIC CREDIT: Theme music for The Business Equation Podcast - Never Forget by Gareth Johnson & Chris Bussey, via www.audionetwork.com

Entrepreneurship and personal development go hand in hand. As you age and grow, your perception of the world changes, along with how you see opportunities. As the business world changes, so does your perspective. CEO and author Vinnie Fisher shares how he took his problem-solving skills and channeled them into the digital business world. 

Vinnie knew he was a problem solver at a young age. After his brother broke his arm, Vinnie took over his paper route and almost tripled his tips. While his brother was annoyed, Vinnie realized that he could apply his problem-solving skills to other things too. 

Early on in his entrepreneurial journey, Vinnie was relying on the latest trends to see where he could plant himself. Following niche markets, he found holes and gaps where he could fit in and solve issues. While he was good at it, Vinnie realized that he was not seeing the value of the work, and was only focused on cash flow. 

Vinnie realized that in order to succeed in business, you have to see the value in the concept. Do I like what I’m doing? Do I believe in this business? Or am I just focused on my paycheck? Vinnie and Gabe share stories of how many entrepreneurs fall into that trap and end up becoming miserable. If you do not add value to the equation, you are going about business in a negative light.  

Going along with value is ethics. Vinnie emphasizes the importance of getting in touch with how you feel about different aspects of business. You have to ask yourself, do I believe in what I’m selling? Do I feel good talking about my business? 

Vinnie and Gabe also discuss the lack of soul and spirituality in business today. Without soul, a business may seem sterile and disconnected from its audience. Not only does soul and spirit add emotion to business, but also humility. 

While running a health supplement company, Vinnie realized there was an accounting problem. Money was pouring in but profit was low. Where was all the money going? He put his problem-solving skills to work and figured out the issue — profit margins. While he fixed his company’s problem, Vinnie realized he could take his skills even further. 

Vinnie started his current business, Fully Accountable, as a way to help digital businesses have full financial intelligence. Fully Accountable is an outsourced accounting firm that takes care of all back-office accounting. He knows that running a business is hard, and having full financial intelligence is essential for survival. Fully Accountable works to ensure that business owners have detailed financial information. They also consult business owners to see where financial gaps need to be filled, saving them time and money. 

Fully Accountable offers accounting services, data analysis, e-commerce accounting and CFO consulting. Contact Vinnie to learn more about his company or schedule an expert call. 

Other topics discussed: 

• Why every CEO must grow beyond their own shadow in order to successfully scale 
• Lessons learned in scaling four 8-figure businesses
• His experience of doing business with and without a relationship with Christ. 
• The difference between contentment in Christ and complacency in your business. 
• Lessons learned from losing several million dollars of net-worth 
• Vinnie’s biggest failure as a leader in his church and lessons learned
• The need to seek fellowship inside of our church community even if others aren’t as ambitious
• Vinnie’s mindset when it comes to enjoying nice things and taking two month vacations

Grab the free resources Vinnie mentioned on the show at www.fullyaccountable.com/kingdomcapitalists

THE  KINGDOM CAPITALISTS DEVOTIONAL IS HERE!

We have created a 12 day devotional for entrepreneurs by entrepreneurs to celebrate your calling and bring you closer to God! Get it for free at www.kingdomcapitalists.co/bonus

On this weeks episode we sit down with the amazing Vinnie Fisher. Vinnie is the author of one of my favorite books "A CEO's Mindset". Vinnie shares with us some amazing things about his life that you would never expect like when he was $30,000 in debt after receiving Marketer of the Year 2x in a row and the phone call he received in his driveway that lead to a crucial decision for his business and life. Vinnie also shares some awesome tips about what he looks for in a person when hiring. Vinnie tells all in this weeks episode of Kommerce Kings Podcast. 

Watch The VIDEO of this here: http://baconwrappedbusiness.com/vinniefisher

One thing that all entrepreneurs I know have in common is that we are great "strategists." Give us a whiteboard or a bar napkin and we can map out a million dollar business quickly.

But how many times have YOU mapped out a plan and failed to implement or execute it? (I have dozens of these in my files and it's a very frustrating feeling).

That's why I invited Vinnie Fisher to join me today and discuss his approach to Executing great Strategies and how he cultivates quarterbacks in his business that allow him to do his best while he trains and inspires others to do theirs, growing multiple multi-million dollar businesses in the process.

Meet Vinnie Fisher: businessman, entrepreneur, author, husband, and father

A lawyer by trade, Vinnie practiced tax and business law for 10 years before leaving the field in 2007 to pursue entrepreneurship full-time. From starting and selling a chain of workshop centers helping adults with developmental disabilities to creating one of the largest web hosting companies, Vinnie knows how to start and scale a business.

By the summer of 2014, Vinnie had caught the entrepreneurial bug again and opened Fully Accountable, a full-service accounting firm that provides virtual CFO, bookkeeping, and accounting services for small and medium closely held businesses. Vinnie currently serves as Chairman of the Board and Chief Visionary for the business.

Also in 2014, Vinnie opened Site Trust, a website monitoring and security firm that provides 24/7 uptime monitoring, website security seals, and a comprehensive suite of security tools for website owners.

At the end of the year Vinnie wrote his first book, The Best Investment: A Better You (must read)

In the book he details the ups, downs, wins and losses he's faced (including how he lost $30 million) and is back stronger and happier than ever.

You'll hear me dive into the space between Vinnie's ears and discover what he has to say about:

• The power of mentors and masterminds
• How to make your business less about you, and more about _____...
• Cultivating a Quarterback in your business to hand off your business to someone else
• Hiring for expertise and competence VS attitude
• How most business have 3 vital parts, and knowing where you fit in is key
• The most important 3 traits in any Manager you hire
• Taking young interns out of college (even high school) and showing them how to manage new projects in their business
• How and why you should make your project managers use and develop their own resources to keep them from disrupting the internal team and their resources, budget etc.
• How Vinnie just hired college intern to launch an HR compliance department at his company
• How to easily find the money for new people & projects without taking it away from other departments
• The Farm System vs Free Agency method of talent acquisition
• How the entrepreneur can be the visionary without being a bull in a china shop
• The disconnect between strategy and execution and how to close the gap

For more information on Vinnie Fisher:
Visit his website at VinnieFisher.com

Buy his book on Amazon:

Visit FullyAccountable.com and request a consultation

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