At the Center for Enlightened Business, we believe in aligning your personal aspirations with your business success. Mr. Mike McDermott, CPA stands testament to that philosophy. As a distinguished CPA and Profitability & Growth advisor, Mike has worked hands-on with over 400 businesses across 38 industries, fueling their growth, profitability, and generating over $150,000,000 in collective value.
Drawing inspiration from his immigrant parents—a hardworking mother from Ireland and a sociable, discerning father—Mike cultivated an unwavering work ethic and an innate ability to foster genuine relationships. These foundational values underpin his professional approach, ensuring every business he partners with doesn't just grow, but thrives meaningfully.
With a CPA journey spanning 32 years, Mike has embraced multiple professional avenues. He has owned and helmed a CPA firm for 23 years and counting, enriching it with his profound insights and pragmatic strategies. Mike's corporate accolades include pivotal roles as the VP of Reporting and Metrics and the VP of Finance for the Surety Division at AIG. His entrepreneurial spirit further manifested when he took the mantle of a restaurant/bar owner for four years.
Mike's love for working with business owners springs from personal resonance. Being a business owner himself, he understands the unique pressures and challenges of this role. This empathy, combined with his vast experience—from medium-sized CPA firms to multinational insurance corporations—equips him with an exceptional ability to guide businesses of all scales. Whether it's guiding a construction contractor to catapult their revenues by $5.5 million or aiding a medical device provider to add a staggering $3 million value before a business sale, Mike's results are tangible and transformative.
In the realm of advisory, what sets Mike apart is his commitment to seeing businesses thrive not just economically but in alignment with the owner's life vision. From improving financial management and reporting to strategizing business valuations that maximize tax savings, Mike’s methods are holistic and impactful.
Outside the boardroom, Mike is a sports aficionado, relishing in both playing in his younger years and watching in the company of family and friends today. A keen traveler, he values the precious moments spent with loved ones, echoing the same balance he encourages in his business clientele.
For Mike, small businesses are the backbone of our economy—a belief stemming from both respect for their contributions and a deep understanding of the sacrifices made by their owners.
His wish for every business owner is clear: Owning a business that serves them, rather than the reverse.
Engaging with Mike McDermott is not just about achieving business growth, but about imbibing a vision, a method, and a lifestyle that harmoniously merges professional success with personal fulfillment..
Toms River, NJ, USA
732.740.9658
mike.mcdermott@cebadvisors.com
Monday through Friday
9:00am - 5:00pm CST
Saturday and Sunday
Closed
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