In this Podcast Episode
Rob McNealy, interviews Jeffrey Prager, the President of Backroom Management Services, about the unique accounting services offered by Backroom.
Jeffrey Prager’s Bio
Jeffrey K. Prager is the President of Backroom Management Services. This company serves small to medium sized businesses and is designed to relieve some of the frustration and stress of running the financial side of a business. Backroom provides hands-on bookkeeping assistance using a proprietary web-based accounting system. In addition, the company offers the kind of guidance, financial interpretation and strategic planning associated with having a CFO in-house, but without the expense. A CPA with 36 years of experience, Prager also serves as a teacher of managerial economics (applying economic theory to business decisions) at the University of Colorado -Denver.
Prager is himself a very successful entrepreneur who built his own company to $26 million in annual revenue. Simultaneously, he served as the CFO for another company, helping guide it to $100 million+ in annual revenue. He retired in May of 2007 only to find out he was allergic to retirement.
He authored courses called Business Planning (A Cookbook Approach to Writing a Business Plan), Monitoring Your Company’s Vital Signs (An Approach for Analyzing and Reacting to Conditions Impacting the Profitability of a Business), and Marketing Your Professional Services which were taught at various state societies of CPA’s.
Mr. Prager has taught courses on accounting, management and finance for the National Association of Homebuilders (HBA). He also assisted in writing the business section for the “Certified Remodeler” designation, which is a program run by the National Association of the Remodeling Industry (NARI).