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Entrepreneur Stories 4⃣ Inspiration

103: Growth through Mergers & Acquisitions with John Bly of LBA Haynes Strand

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.72K Ratings

🗓️ 1 January 2021

⏱️ 59 minutes

🧾️ Download transcript

Summary

John Bly is the founding Member of LBA Haynes Strand, PLLC and LBA Haynes Strand Capital Advisors. His entrepreneurial leadership has propelled the CPA Firm’s growth. LBA Haynes Strand ranks as one of the Charlotte Business Journal’s Top 25 CPA Firms in the Charlotte Region and a Inc. 5000 Company. This Episode is Sponsored By: Fundrise is the first investment platform to create a simple, low-cost way for anyone to access real estate's historically consistent, exceptional returns. Diversify into real estate today with just $500. To support the show, please visit: millionaire-interviews.com/fundrise. Square Payroll makes doing your books easy & affordable! For just $29/month it's the best payroll deal for any small business. To support the show, please visit this link to check them out: millionaire-interviews.com/square. *** For Show Notes, Key Points, Contact Info, Resources Mentioned, & the Fabulous 4 Questions on this episode visit our website: Millionaire Interviews. ***

Transcript

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0:00.0

at those early stages. If you want to have a scalable business, this isn't just

0:04.1

accounting, but if you want to have a scalable business, I think it takes a lot of

0:07.0

effort in the beginning to be able to reap the rewards later.

0:14.0

I just turned 27 and we now have 15 employees after the acquisitions. It was very

0:19.6

different. There was people that were older than me who were 15 years more

0:23.0

experience, but that were answering to me as the owner. To your comment earlier,

0:26.7

work-life balance was a term that was not really used in my home life for those few

0:31.3

years. How did you decide to go ahead and acquire some gyms? I mean, you already

0:34.6

have a six pack and how did it work a matter? What? You know, my wife was looking to do

0:40.2

something.

0:48.6

I'm John Bly, 39 years old and I'm the founder of LBA Haynes Strand. We're a CPA

0:54.4

firm and I'm located in Charlotte, North Carolina. We've got three offices here in North Carolina.

0:59.3

The other two offices are in Mount Erie, which is just north of Winston-Salem and we've got an

1:04.2

office in Greensboro. And how long have you been in accountant since 2002, since graduating from

1:09.6

graduate school? So first job out of college was in accounting. You decided you want to study accounting

1:14.8

in college? Yeah, actually I decided as a little kid. I had a paper route as a little kid and had to

1:20.6

collect, you know, you had to do the weekly collection, monthly collection, you had to pay the paper

1:25.0

company in those days and it was on you to collect. And so that debits and credits and investing

1:29.3

and things got me into it at a very young age. And you worked in accounting firm right when you

1:33.8

graduated and are you from the North Carolina area? I'm originally from Albany, New York and I worked

1:39.0

for Pricewaterhouse Cooper's large big four accounting firm straight out of grad school up in the

1:43.5

Austin area and had them transfer me down to Charlotte, North Carolina. How's your story a little

...

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