Randy Johnston: Technology, Business Growth, and Wealth Perspective

May 6, 2025

Alethea

Guest: Randy Johnston

Leading technology authority for over 40 years in the accounting industry

Accounting Hall of Fame (2011)
Top 25 thought leader in accounting (2011-2024)
Accounting Today Top 100 Most Influential People (21 consecutive years)
Founder of K2 Enterprises and Network Management Group Inc. (NMGI)

Episode Highlights:

[00:02:20] Introduction and background Randy shares his passion for helping businesses leverage technology effectively through his companies NMGI (approaching 42 years) and K2 Enterprises, which provides continuing education to CPAs.

[00:05:32] Business scaling journey
Randy explains how technology advancements around 2006-2007 enabled his regional company to scale nationally by facilitating effective remote support solutions.

[00:07:21] Financial lessons from business growth

Faced resistance from local banks influenced by competitors
Observed that banks tend to offer loans when you don’t need money
Explored alternative financing models including “profit first” approach to remain independent from lenders

[00:10:19] Wealth protection strategies

Invest in your own business first
Diversify investments across stocks, bonds, and real estate
Invest early and consistently rather than trying to time the market
Be cautious of deals that sound too good to be true
Find trusted advisors to help guide your financial decisions

[00:12:40] Personal definition of wealth

Values family above financial gain
Prioritizes health over money decisions
Believes in maintaining balance across different life sectors
Not focused on excessive wealth accumulation

[00:14:46] Top financial advice for business owners Make personnel and relationship decisions wisely, as determining who you can truly trust is crucial for long-term success.