Meet Joe!

In this conversation, Joe Manganelli shares his journey from working at Goldman Sachs to founding and scaling Calculate, an outsourced accounting firm, and now leading Amalgam, a data aggregation and automation platform for the accounting industry.

He discusses the importance of building relationships in business, the value of smaller conferences, and the role of automation in enhancing efficiency within accounting practices. Joe emphasizes the need for persistence and trust in business, and he provides insights into the challenges and successes he faced while growing his ventures.

Takeaways

- Joe emphasizes the importance of building relationships in business.

- Conferences can be valuable for networking and relationship building.

- Trust is the cornerstone of successful sales in accounting.

- Automation can significantly reduce manual work in accounting.

- Persistence and time are crucial for business growth.

- Joe's experience at Goldman Sachs shaped his approach to business.

- Launching Calculate was a pivotal moment in Joe's career.

- The growth of Calculate was driven by quality work and client referrals.

- Amalgam aims to streamline data processes for accountants.

- Joe believes in the value of continuous learning and adaptation.

Sound Bites

"Give it time and persistence."

"Automation is the way forward."

Chapters

00:00 Introduction to Joe Manganielli and Amalgam

02:49 The Value of Conferences in Building Relationships

05:41 Journey from Engineering to Accounting

08:30 Experiences at Goldman Sachs

11:13 Launching Calculate: The Early Days

14:04 Growth and Success of Calculate

17:01 Recruitment Strategies for Rapid Growth

19:47 Niche Hiring and Employee Integration

22:42 Deciding to Sell Calculate

25:21 Reflections on the Sale and Future Plans

27:20 Navigating the M&A Process

30:40 Lessons from Selling a Business

31:33 Introducing Amalgam: A New Venture

36:58 The Role of Automation in Accounting

41:40 Future Goals and Entrepreneurial Spirit

42:45 Advice for New Accountants

46:29 Personal Insights and Rapid Fire Questions

Connect with Joe:

LinkedIn personal - https://www.linkedin.com/in/joemanganelli/

Amalgam - http://www.amalgam.me