In episode 011 of the Kiln.RoadTrip, created and produced by The Swell Pod, hosts Spencer McKeown and Josh Taylor interview Dave Olsen, CEO of Nimbl and Nimbl Staffing, who shares his entrepreneurial journey and vision for revolutionizing the accounting industry. Olsen discusses his Canadian roots, his move to Utah, and how his company provides fractional accounting services with a focus on technology and fixed fee models for better efficiency and client experience. The episode touches on the challenges of team building and the importance of a shared vision.
About Dave Olsen:
I am the Founder & CEO of Nimbl and Nimbl Staffing. After stints as a programmer and Big 4 auditor, I worked as a contract CFO for startups, including a venture capital fund. In 2018 I hired my first US employee and have grown to about 100 team members providing fractional accounting, tax, and finance services to small businesses (Nimbl) and placing full-time Philippines-based bookkeeping and admin staff with US companies (Nimbl Staffing).
About Nimbl & Nimbl Staffing:
Nimbl provides a fractional accounting, finance, and tax department for small businesses. Nimbl Staffing places full-time bookkeepers and other administrative people from the Philippines with North American companies.
Follow Dave Olsen & Nimbl:
- https://www.linkedin.com/in/daverolsen/
- https://www.linkedin.com/company/trustnimbl/
- https://www.linkedin.com/company/nimbl-staffing
Bullets:
- Introduction of the Kiln Road Trip and its hosts, Josh Taylor and McEwan
- Interview with Dave Olsen, founder and CEO of Nimbl and Nimbl Staffing
- Dave's background and upbringing on a farm in southern Alberta, Canada
- Dave's passion for growth and progression in business and personal life
- Nimbl's focus on providing fractional accounting services for small businesses
- Use of technology and fixed fee model to drive efficiency and better client experience
- Challenges of building and managing a team
- Vision to change the accounting industry and create a movement towards value pricing and subscription models
Timestamps:
The Kiln Road Trip (00:00:02) Introduction to the podcast episode and the Kiln Road Trip journey.
Interview with Dave Olsen (00:00:53) Introduction and background of Dave Olsen, founder and CEO of Nimbl and Nimbl Staffing.
Dave Olsen's Background and Motivation (00:01:37) Dave Olsen's background, personal motivation for growth, and progression.
Nimble's Services and Vision (00:02:25) Overview of Nimbl's fractional accounting services, vision, and mission.
Unique Approach and Technology (00:03:13) Nimbl's unique approach focusing on people experience, technology, and use of a fixed fee model.
Evolution of Dave Olsen's Business (00:05:03) Evolution of Dave Olsen's business from a solo operator to building a team and the challenges faced.
Providing a Great Experience for the Team (00:06:13) Discussion on providing a great experience for the team and aligning personal and company goals.
Balancing Capacity and Growth (00:07:54) Challenges and strategies related to balancing capacity with people and growth with clients.
Vision for the Future (00:08:34) Dave Olsen's vision to change the accounting industry and revenue targets for the future.
Challenges in the Accounting Industry (00:09:05) Discussion on the pain points experienced by the accounting industry and the need for change.
Impact on the Industry and Collaborative Efforts (00:10:08) Efforts to impact the accounting industry and collaborative efforts with peers to drive change.
Fixed Cost Model and Industry Trends (00:12:58) Comparison of Nimble's fixed cost model with traditional CPA firms and industry trends.
Incentivizing Work Distribution (00:13:46) Incentives and strategies to spread work out over the year and avoid extreme workloads.
Creating a Movement and Building a Business (00:14:58) Insights on creating a movement, building a business, and balancing personal and professional life.
Overcoming Challenges (00:19:45) Speakers discuss the challenges and confidence needed to pursue goals and the importance of finding the right people to support the vision.
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