The secrets to growing your business without sacrificing your life with Ed Chan

Accounting Leaders Podcast

Edward Chan is a Co-Founder of Wize Mentoring and a Non-Executive Chairman at Chan & Naylor. He started Chan & Naylor from his kitchen table and grew it to 10 offices around Australia with 160 staff and 15,000 clients. He then co-founded Wize Mentoring, which is now in 47 countries, connecting over 125,000 accountants. In this episode, Ed shares his tips on how to grow your business without sacrificing your life. He and Stuart dig into the success of Chan & Naylor, what the process of expanding the company looked like and what you need to do to find yourself.

Together they discuss:

• The story of Wize Mentoring (02:00)
• Ed’s background (04:00)
• Ed’s first business and business partner (6:30)
• Dealing with overworking (7:30)
• Overcoming challenges as a business owner (9:30)
• How to be more efficient (11:30)
• The beginning of Chan & Naylor (15:00)
• Chan & Naylor’s business model (16:00)
• How to be in control of your business (19:30)
• The biggest lessons Ed has learned (23:30)
• The process of expanding business (25:30)
• Ed’s biggest success and biggest catastrophe (28:00)
• Greatest technological changes in accounting (29:30)
• Being a generalist vs. being a specialist (35:30)
• Ed’s experience of finding himself in his early career (38:00)
• Mentorship and hobbies (40:00)
• What is next for Wize Mentoring (44:00)