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Deeper Weekend 2014

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Choose your favorite writer

  • Greg Kyte
    Greg Kyte
  • Jason Blumer
    Jason Blumer
  • Jon Lokhorst
    Jon Lokhorst
  • Melinda Guillemette
    Melinda Guillemette
  • 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
Comments:
1

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
Comments:
0
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
Comments:
0

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
Comments:
3

Greg Kyte 2As you may or may not know, I’m the only Thriveal Member who works in industry. I’m the comptroller for a group of medical office buildings. That’s right, the comptroller. Why comptroller? Two reasons: (1) comptroller is a hilarious word and (2) it confuses people about what I do, so they leave me the hell alone.

On one of our medical campuses, I’m effectively the general manager over real estate. Over the past several years we got pounded by the the one-two punch of the Great Recession and the uncertainty in the medical industry caused by the Affordable Care Act. The result is that we have plenty of available space, and we priced it to move. Read more

Category:
Pricing
Comments:
0