Erik Solbakken – Author of “The Accountant Success Formula: Freeing Today’s Accountant from an Oppressive Business Model”

Unleashing the Potential: Erik Solbakken on The Accountant Success Formula

Mike interviews Erik Solbakken.

Today, I’ve got a treat for you. We had the pleasure of sitting down with Erik Solbakken, a trailblazer in the accounting world. He’s behind “The Accountant Success Formula: Freeing Today’s Accountant from an Oppressive Business Model.” This isn’t just a book, folks—it’s a movement, a revolution, and an eye-opener for anyone who’s ever felt trapped in the shackles of traditional accounting.

Erik Solbakken, a certified professional accountant from Canada, isn’t your typical number-cruncher. This guy is a visionary. He’s seen the dark side of the accounting profession—the long hours, the burnout, the feeling of being undervalued—and he’s decided enough is enough. Erik has crafted a roadmap that flips the script and empowers accountants to reclaim their lives, worth, and passion.


Erik’s story is one of transformation. Picture this: a young Erik, fresh out of school, eager to dive into the accounting world. He’s got the skills, the drive, and the ambition. But soon, reality hits. The traditional business model for accountants is like a black hole, sucking the life out of even the most enthusiastic professionals. Long hours, gruelling work, and a compensation model that doesn’t reflect the value they bring to their clients. Sound familiar?

Erik experienced the grind firsthand. He saw his colleagues burn out, leave the profession, or worse, stay and become shadows of their former selves. But Erik wasn’t about to let the system beat him down. Instead, he asked a simple yet powerful question: What if there’s a better way?

And thus, the Accountant Success Formula was born. Erik didn’t just want to change his life; he wanted to transform the profession. His formula isn’t about working harder; it’s about working smarter. It’s about redefining what it means to be an accountant and how they deliver value.

The traditional billable hours model is out the window. Erik’s approach is all about value pricing. It’s about recognizing the true worth of the services provided and charging accordingly. No more selling time—sell solutions, sell expertise, sell outcomes. This shift isn’t just revolutionary; it’s liberating.

Erik’s formula rests on several fundamental principles:

  1. Value Pricing: Move away from the billable hours model. Price your services based on the value you deliver, not the time you spend.
  2. Niche Down: Specialize. Don’t try to be everything to everyone. Find your niche, become an expert, and dominate that space.
  3. Client Selection: Choose your clients carefully. Work with those who value your expertise and are willing to pay for it.
  4. Lifestyle Focus: Design your business around your life, not the other way around. Prioritize your well-being, your passions, and your family.

Erik’s approach is all about creating a win-win situation. When accountants charge what they’re worth, they can afford to provide top-notch service without burning out. Clients, in turn, receive exceptional value and are more than willing to pay for it.

During our conversation, Erik shared some jaw-dropping success stories. Accountants who embraced the formula have seen their income double, even triple. They’ve slashed their working hours and found new joy in their profession. They’re no longer bogged down by low-value tasks but act as true advisors to their clients. They’re not just surviving; they’re thriving.

Mike Fallat and Erik Solbakken talk about the book The Accountant Success Formula: Freeing Today’s Accountant from an Oppressive Business Model.

One story that stood out was about an accountant who was on the brink of leaving the profession. She was overwhelmed, underpaid, and ready to throw in the towel. But after adopting Erik’s formula, she turned her career around. She found a niche she was passionate about, restructured her pricing, and transformed her business. Today, she’s financially successful, happier, and more fulfilled than ever.

Erik Solbakken’s “The Accountant Success Formula” isn’t just a book; it’s a lifeline for accountants everywhere. It’s a call to break free from the oppressive business model that has held the profession back for far too long. It’s a blueprint for building a career that’s not only profitable but also deeply rewarding.

If you’re an accountant feeling the grind, it’s time to take a stand. It’s time to reclaim your worth, time, and passion. Dive into Erik’s book, embrace the formula, and watch your career transform. Remember, success isn’t about working harder but working smarter. And with Erik Solbakken’s guidance, the sky’s the limit.

Get his book here:

About Mike Fallat

Mike Fallat, aka The BookMan, is the owner of Dreamstarters Publishing and the Million Dollar Book Agency. They have helped 300+ entrepreneurs become bestselling authors. His goal is to help 1,000 entrepreneurs publish books and teach them how to use their books as a gateway to generating 7-figures.

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About Dreamstarters Publishing

Dreamstarters Publishing offers ghostwriting, cover design, and everything that is required to take an idea to a finished book (kindle, paperback, hardcover, and audiobook).

The Million Dollar Book Agency is the ultimate marketing CRM system for author-preneurs. Services include automated funnels, lead generation campaigns, book fulfillment, podcast management, press releases, virtual assistants, course development, and more.

Mike also hosts a podcast known as Million Dollar Stories and runs a membership-based site known as Million Dollar Circle. In addition to owning the book business, he invests in self storage real estate.

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