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Deeper Weekend 2014

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CPA firm

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

Greg Kyte 2Um … spoiler alert. Did you read the title of this post? If you still need a spoiler alert, then you’re worse at reading social cues than Ben Affleck’s character in The Accountant. And if you haven’t seen Ben Affleck’s movie The Accountant, then what the hell is wrong with you? Even Jason Blumer’s seen The Accountant. The last movie he saw in the theater was Honey, I Shrunk the Kids

The Accountant is rated R, so I guess if you haven’t seen it and you’re a CPA and under the age of 18, I get it. Otherwise, if you haven’t seen it, I’m pretty sure you’re breaking the Code of Professional Conduct.

And I thoroughly enjoyed it. Great movie. Saw it twice. It was tons fun to watch it in a theater full of (presumably) civilians who still got all the accounting jokes.

It’s also cool to think back on the movie and see how many things Ben Affleck’s character, Christian Wolff, was doing right that a lot of accountants and firm owners do wrong. Read more

Category:
CPA firm, Other Thoughts, Pricing
Comments:
1
JasonRocksYou’ve heard this before right? You eat an elephant one bite at a time. Lame, but it does illustrate something I’ve noticed while speaking on the Intuit Roadshow recently (register for free here in a city near you). Here is what I’ve noticed: traditional firms attending this event seem overwhelmed at making the significant changes being required of them. They’ve noticed that technology has changed around them and they are feeling the pressure to change quickly.

 

Topics like the cloud, value pricing, and practice efficiency seems to make them nervous when they are just struggling to find new clients and lead their employees. They have “boots on the ground” problems, and they find it hard to act strategically to change their firms. Some feel the urgency to do it quickly, while others just write it off as something they can’t focus on right now.

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Category:
CPA firm, Personal Growth, Strategy
Comments:
0
Jason BlumerNo one is really talking about how hard it is to change your compensation structure in a Nontraditional firm. At least, I haven’t seen the articles anywhere. By way of definition, Nontraditional here means that you do not bill your time to the client, or you price all work up front, or you may offer services as a product, allowing your client to pay for their services on a monthly recurring draft or invoice.

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bryanI hear the term “lifestyle business” a lot these days.  It’s not uncommon for this to be, or become, the goal of many fellow Thrivealists. The name itself has a specific allure for those who could never achieve that mythical state of corporate nirvana: the fabled work-life balance.

Since the term has become so common, I wanted to explore what this looks like and how it compares to a previous lifestyle goal.

First, let’s define the term: “A lifestyle business is a business set up and run by its founders primarily with the aim of sustaining a particular level of income and no more; or to provide a foundation from which to enjoy a particular lifestyle.” (Wikipedia) Read more

Category:
Cliff Jumpers, CPA firm, Personal Growth
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

bryanLife can be stressful for the small business owner; it comes with the territory.  So anything that can reduce that stress is more than welcome in my life.  Anyone who knows me well knows that one of my favorite things (in business) is annuity payments on seasonal work.

Seasonal businesses make most of their money during their peak season, and they can take on many forms: ski resorts, beach motels, landscaping, and yes, tax preparation. Read more

Category:
Cliff Jumpers, CPA firm
Comments:
0