Your Practice Management System is an important part of running your firm. It is important to know that the solution you choose is here to stay. Brandon tells you a little bit about our company and why you can feel safe in choosing Firm360 Learn more at myfirm360.com

0:00 hey everyone I'm Brandon gray Chief
0:03 servant leader here at firm 360. today I
0:06 want to talk to you about one of the
0:07 common questions that we get asked a lot
0:10 by inquiring
0:12 a potential partners and customers and
0:15 and even current customers and and
0:16 rightfully
0:18 um important important part of who we
0:20 are and and we want to answer this
0:23 question so one of the one of the main
0:25 questions are how long have you been in
0:27 business how are you funded do you have
0:29 any debt what's the future look like all
0:32 those kinds of things just to get some
0:33 security we understand that the practice
0:37 management uh platform that you use is
0:40 the heartbeat and lifeblood of your firm
0:42 and and affects your livelihood so we
0:45 have no problem uh in being open about
0:47 who we are as a company because we'll
0:49 we'll be a very pivotal partner in in
0:52 your firm so we are a corporation based
0:54 in North Carolina
0:55 we are comprised of only five
0:58 shareholders the funding for the
1:00 business has been provided through Sweat
1:03 Equity and funding just from the five of
1:06 us there's no outside debt the company
1:08 has been very blessed not outside debt
1:12 um on the balance sheet we have myself
1:15 and our chief technology officer clay
1:17 Lehman are the majority shareholders we
1:19 have three outside
1:21 individuals who have joined our our
1:24 organization as shareholders from and we
1:27 hand selected those from a fake
1:29 Technical and business type relationship
1:33 and mentorship for us to help lead and
1:35 guide the company in the direction and
1:38 seek wise counsel from those individuals
1:40 that's that's worked out very well
1:42 we are allowing the company to grow in a
1:45 manner in which the current cash flow
1:47 provides where we've not been striving
1:50 to just pour money into a sales funnel
1:53 and drive numbers we've really built the
1:56 business on sound financial principles
1:58 and we've we've focused on onboarding
2:00 the the clots that we could onboard and
2:03 and do our very best at making sure
2:05 those onboarding tours successful and
2:07 when we've reached our capacity we've
2:09 turned down the onboardings just to to
2:12 grow in a controlled manner so far uh we
2:15 found that's worked very well for us one
2:18 of the other questions we get is uh what
2:20 does your Runway look like are you a lot
2:22 of startups are bootstrapped and I have
2:24 a lot of cash flow and and that from
2:27 that perspective well again we we are
2:31 self-funded uh cash flow positive and
2:34 we're growing at a rate in which the
2:36 cash flows allows us to so we don't have
2:39 any pending time frames with funding
2:41 metrics that we us meet so we're just
2:44 going to keep our head down and keep
2:45 digging and doing exactly what we're
2:47 doing and focusing on our true north of
2:49 our passion integrity and service for
2:52 our clients and providing this solution
2:54 that really adds value to accountants
2:58 lives so we want to keep doing that and
3:00 we're going to keep growing at a manner
3:02 in which the cash flow allows us to and
3:05 and keep the company as healthy as we
3:07 can and and keep keep our head down and
3:10 just keep working so we appreciate the
3:12 opportunity to talk to you and tell you
3:14 a little bit about from 360 and its
3:16 corporate structure and and where we're
3:18 headed from a financial side and as
3:21 always if you have any questions or need
3:23 more information please don't hesitate
3:25 to reach out to us and we'll be glad to
3:27 take care of any any inquiries you have
3:29 thank you

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