Start Your Own Financial Planning Business w/ Mike Zeiter
WHO IS IT?
Mike Zeiter from Carthage, MO USA
WHAT IS THEIR SIDE HUSTLE?
About 6 months ago, Mike turned his side hustle into his full-time career. He went to school for accounting and ended up getting his CPA license. After a few years working in corporate accounting firms, he realized it wasn’t for him. He started doing taxes for his friends and family for free on the side and when he saw the demand was high and there was no one combining tax accounting with wealth management, he went for it and decided to start a financial planning business.
WHY SHOULD I LISTEN?
Mike took a big risk that many people I interview on this podcast will not have to. You see, his industry, financial services, his very regulated. This meant that he couldn’t start making money from his side hustle while still employed with these companies. He had to study, plan, and then take a leap of faith. As you’ll hear in the first 10 seconds of the episode, it was a bit tougher than he planned but it was something he’s passionate about so it made those tough days a bit more manageable. Before you start your side hustle, you must know WHY you are doing it.
HOW WILL IT HELP ME?
There are a ton of people listening to this podcast working in industries that they think they could never start a solo business in. This was a mindset gap that Mike had to overcome but with a lot of determination and leveraging technology, he has been able to offer lower prices and better service than his competition. If you are going into a highly regulated industry (all industries are regulated in some way) then you need to do what Mike did, plan, study, plan, then study some more – then plan for stuff to still go wrong. After the dust settled, business is going good and he is working out of his house.
WHERE CAN I LEARN MORE ABOUT THEM?
You can find Mike Zeiter over at Foundations Finance if you are looking for financial planning services or at ZeiterCPA if you need help with taxes or bookkeeping. Mike is based in Missouri but leverages technology to serve customers all over the USA.
WHEN DID IT AIR?
June 27, 2018
If you have an awesome side hustle that you would like to share with the world, I’d love to have you on my podcast.