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Deeper Weekend 2014

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  • Adrian Simmons
    Adrian Simmons
  • Bryan Coleman
    Bryan Coleman
  • Greg Kyte
    Greg Kyte
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  • Ian Crook
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    Jason Blumer
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    Jennifer Blumer
  • Scott Kregel
    Scott Kregel

Scott Kregel“The impediment to action advances action. What stands in the way becomes the way” – Marcus Aurelius

What does this mean? Obstacles, challenges, diversions all interrupt our line of thinking and course of action. However, in many ways, these very hindrances can be confronted and turned to opportunity and this is where we experience the Advantage of Disadvantage (from Malcolm Gladwell, David & Goliath). Read more

Category:
Book Review
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Greg Kyte 2Two years ago, I had Liberty Tax do my taxes. Bad Experience. Bad Pricing. They lost my children. Great dance opportunity.
This year I did it again, but this time I went to H&R Block to see how The Block would do. Over the span of my next three blog posts, I’ll to go in detail about H&R Block’s pricing, their customer experience, and their accuracy.¹

 

Greg HR Block

 

This post is the one about pricing. But first, I need to tell you how I got here. Read more

Thriveal Tech Review ProfitcentsThere is a growing disconnect between accountants and their clients. Accountants generally provide great data on a company’s historical performance while today’s business owners crave more forward-focused advice to ensure their day to day decisions propel their businesses forward.

ProfitCents seeks to solve this problem by offering accountants an easy means to create narrative financial health reports, projections, and industry-specific trends and ratio benchmarks for their clients. It enables accountants to provide relevant, timely information to business owners on their companies’ performance, which creates data-driven, forward-focused conversations. Read more

Category:
Software, Tech Review
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Jason BlumerLiving and working in the Thriveal community has been an interesting experiment. I didn’t realize we were actually learning how to run a firm in a community. Further, I didn’t realize we were learning to run a firm in a community of competitors. Working, living, growing, and maturing in a community of competitors has led me to some interesting conclusions as to how we can grow our firms differently now.

 

Let’s look at how we used to grow our firms and how that has changed.

 

How We Used to Grow Firms
We Used to Envy Competitors
Firms that were started long ago adopted a culture of trying to be like other firms – or doing the things that other firms were doing. In a sense, we envied what others had. Similarly, employees at firms would leave to go work at another firm. Of course, most firms used to be the same back in the 80s and 90s. The grass wasn’t greener on the other side, and it was disheartening to find that out when you left one firm for its competitor. Everyone was the essentially the same.
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Category:
Community, CPA firm
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bryanI recently had the honor to be invited to a seminar at one of the largest accounting firms in the world. After a tour of their brand new facility, we spent the rest of the day listening to panels and speakers on a wide-ranging number of topics – from diversity in the workplace to auditing robots (I won’t get to that one in this post). It was an impressive display to say the least – in terms of both office space and their capabilities.

I left that afternoon in a state of childlike wonder. It’s easy to get engrossed in your own little world and lose perspective of where you stand in the grand scheme. As a refresher for the reader, in my accounting practice I work on my own – an army of one, if you will. So to spend time at a company that employs hundreds of thousands across the world was a bit humbling. Read more

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Uncategorized
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Greg Kyte 2I want to trust the AICPA.

 

But there was their obsessive push to get everybody to get the CGMA designation. When they launched the designation in 2012, all you needed was a check for $150 payable to the AICPA to prove your expertise in global management accounting. They wanted member buy-in, literally.

 

And it didn’t help the legitimacy of the AICPA’s push for the CGMA designation when the AICPA sent out emails reminding members to hurry and get the designation to prove that they are awesome at managerial accounting before they had to take a test to prove that they are awesome at managerial accounting. Read more

Category:
Other Thoughts
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