Mike McDerment, Freshbooks Co-Founder, Stretching Yourself to Build a Product Company that Scales Easily, Episode 163

Mike McDerment, Co-Founder Freshbooks, Stretching Yourself to Build a Product Company that Scales Easily – Episode 163

Mike McDerment is the Co-Founder and Executive Chairman of FreshBooks, the world’s #1 cloud accounting software for self-employed professionals. Built in 2003 after he accidentally saved over an invoice, Mike spent 3.5 years growing FreshBooks from his parents’ basement. Since then, over 24 million people have used FreshBooks to save time billing, and collect billions of dollars.

If you are a service-based business, FreshBooks is designed for you. If you are a designer, a marketing agency, a plumber, an IT professional, a lawyer, an architect, a web professional – if you create value for your customers by applying your time and expertise to other people’s problems – FreshBooks is built specifically for you. They uphold a longstanding tradition of providing extraordinary customer service and building a product that helps save you time because they know you went into business to pursue your passion and serve your customers–not to learn accounting.

Mike and Mike cover a ton of great stuff in this episode like what prompted his shift to go from Founding CEO to Executive Chairman, how he found a trusted person to run his company, how company founders are either visionaries, builders, or operators and knowing which one you are, why acquiring synergistic companies that are leading in their market are key to scaling your business, keeping the spirit of company culture alive during remote operations with COVID, and much more.

And now here’s Mike McDerment.

Mentions on the Podcast:

DiSC Assessment: What is the DiSC assessment? – DiSC Profile

Brian Scudamore – 1-800-Got-Junk Podcast Episode

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