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Deeper Weekend 2014

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CPA firm

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    Adrian Simmons
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    Jason Blumer
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    Scott Kregel
Jason BlumerI keep a keen eye on how our profession is changing. The change in our profession really affects our Thriveal Network and it’s members so I’m very interested in it’s change. One story I’m hearing a lot is how larger firms are buying smaller regional firms. More seasoned practitioners are ready to retire, and it seems they aren’t finding the younger partners eager to take over the firm (especially when the seasoned partner stays around to micromanage them). If you want to get your cash out, then just sell to a larger firm. Makes sense.

 

But one thing we are not hearing in the news is the growth, enjoyment, profitability, and freedom that comes from running your own firm. Communities like Thriveal are becoming the place where smaller firm entrepreneurs can find a community fighting the same battles they are, and winning! Thriveal firm owners are growing, caring, maturing, and fighting to be profitable. And they are doing it. Creative, entrepreneurial firm owners have decidedly shed the large firm mentality, and have exchanged it for the creative, entrepreneurial lifestyle of building firms around their lives, instead of building their lives around their firms. But the news doesn’t talk about this, because it’s not very interesting. The lifestyle firm owner is committed to changing lives, one client at a time… and that does not usually make the news.
Category:
CPA firm, Personal Growth
Comments:
9

bryanI recently attempted something new, and much to my surprise looking back on the experience, I felt much of the same as I have in my fledgling business.

For those of you who don’t know me as well as you’d like, let it be known that I am a fan of a well-made beer. I have always found a great one to be a thing of mystery, as there are so many subtle flavors and complexities that go into the overall experience. And as humans, we are stuck with a desire to unravel mysteries. Neil Armstrong said it best: Read more

Category:
CPA firm, Personal Growth
Comments:
0
REFM -  Adrian Photo Square - CATOBThe world is a wild and wooly place. Grappling order out of chaos, or introducing chaos into order, is a messy business. Which is why neatness is not the aim of business, even though we may sometimes consider it the aim of accounting.

 

In our efforts to come to terms with our reality, mental models can be very helpful. The concept of business as a ship, navigating uncharted waters, in search of undiscovered lands. Or that of climbing a mountain, catching glimpses of the peak, pressing on, but enjoying the journey. Or as we like talk about in Thriveal, cliff-jumping, blowing stuff up, and lab experiments on our way to making a new firm. These can help give us the clarity and impetus to act because we have a way to understand our movements in the broader story.

 

Conversely, mental models can also be very harmful. The idea of time as money. That monetary profits are the sole purpose of business. That perfection of the system is the goal (thus people become cogs in the machine). That leaders are all-knowing and inerrant. These are among the models that can increase our friction as they under-equip us to deal with the realities we face.

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Category:
Cliff Jumpers, CPA firm
Comments:
4

REFM -  Adrian Photo Square - CATOBThis post is adapted from a presentation I gave at Xerocon Denver 2015. In it, I talked about the progression our economy has made from agrarian, to industrial, to service, to knowledge, to what I believe is here in some industries, and now surfacing in the accounting industry — the creative economy. See this link if you’d like to read the full text.

If you look at our nation’s history, you’ll notice the progression from survival (agrarian economy), to possessions (industrial economy), to freed up time (services economy), to intellectual pursuits (knowledge economy). Some of you may recognize the parallel to Maslow’s hierarchy of needs. I suggest we as a society, and as an economy, are moving our way up that hierarchy. Read more

Category:
CPA firm
Comments:
0

Jason BlumerGoingConcern.com recently posted a great conversation with Jessica Mah, CEO of InDinero. Mah is in a business pivot, and the ramifications to the professional accounting space are foundational. In this article, we’ll explore her thoughts on changing InDinero into a service-based software company, as well as what firms can do to make their own pivots in the future.

SwaS
I’m sure you’ve heard of SaaS, Software as a Service. But SwaS, or Software with a Service, is becoming ever popular among entrepreneurs. This new model of business is all about building a piece of software, but using that piece of software internally to provide a service to your market place externally. We all know that selling services for $1,500/month is much more lucrative than selling software for only $20/month (maybe). The trick is to make the SaaS product scale, fast. At least, that is what the investors, angels, and VCs are hoping for when they invest in SaaS model businesses.

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Category:
CPA firm
Comments:
10

FOR IMMEDIATE RELEASE

 

Thriveal Incubator Vertical Logo - Color JPG Format

 

Thriveal Launches an Incubator for Accounting Entrepreneurs

 

By Jason Blumer, CPA
June 15, 2015

 

Greenville, SC – The Thriveal Network announces the launch of its Incubator, a year-long program to foster the creation of creative firms and creative firm owners. The first of its kind, the Incubator program seeks to continue the global mission of Thriveal to change the accounting profession into one of high value entrepreneurs.

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Category:
Cliff Jumpers, CPA firm
Comments:
0