Lee M. Cohen on Making Accounting Exciting, Giving Back, & Finding Personal Fulfillment | CEO @ LMC

Lee M. Cohen is the founder of accounting firm LMC Advisors and a community leader who has redefined what it means to run a successful business. With decades of experience building his firm into a trusted powerhouse, Lee has also made giving back a cornerstone of his life. In this episode, we explore: - The keys to building a business that aligns with your personal values. - Lee’s approach to making accounting, an industry known as cookie-cutter and plain, an engaging and rewarding profession. - How his commitment to philanthropy has shaped both his life and career. Lee also shares his advice for young adults who want to get ahead. __ 🎙️ Momentum brings you the stories, advice, and wisdom of business visionaries—designed to inspire and guide you on your path to success. We release a new episode every Sunday and tons of clips on our Instagram account. Be sure to subscribe! Instagram⁠: https://instagram.com/momentumpodcast_ Spotify⁠: https://open.spotify.com/show/1jOPoArXfY3OU5uv4BpA3h?si=714ee022d7b54662 Apple Podcasts: https://podcasts.apple.com/us/podcast/momentum/id1762657981 __ (0:00) Intro (1:37) Who are you and what do you do? (2:40) 1st working experience and getting into accounting (4:46) What it was like starting his own firm (6:24) How did you set yourself apart when starting out? (8:16) Biggest failure of your career? (12:33) How do you scale a service-based business? (14:14) What did starting from the ground up teach you? (15:30) 1 act of kindness that changed everything (19:09) How to decide between giving back and making money? (23:08) Why do you make community service a foundational part of your company? (26:44) What can young adults do to put themselves ahead? (29:41) How can young adults build up connections / meet people? (34:01) Momentum Moment (36:37) Closing thoughts (37:40) Outro and recap