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Deeper Weekend 2014

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CPA firm

Choose your favorite writer

  • Adrian Simmons
    Adrian Simmons
  • Bryan Coleman
    Bryan Coleman
  • Greg Kyte
    Greg Kyte
  • guestblogger
  • Ian Crook
    Ian Crook
  • Jason Blumer
    Jason Blumer
  • Jennifer Blumer
    Jennifer Blumer
  • Scott Kregel
    Scott Kregel
You may not realize it, but the context of your business is always changing on you. And that is playing tricks with your mind and what you think you can do to grow your firm. I’ve heard people say something like, “I don’t see any new things we can do to grow. So I guess we’ll just steadily continue serving clients and raising prices when we can.” They have fallen into the Current Context trap.

 

Before we talk about the Future Context of your business, I need to define what I mean by context. Context consists of the thoughts, processes, and past that you have run your business under for many years. Context could go by other names such as ‘worldview’ or ‘paradigm.’ You may not even realize it, but you have a context surrounding how you do things, why you do things, and why you can’t seem to break free from your past way of operating your firm.
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I was sharing with our Thriveal community recently about a practice my partner and I go through in running our companies. We take a full day each week to plan the strategy of growing our companies with purpose, and we base a lot of the rhythm of this weekly meeting on a great book by Gino Wickman called Traction. We’ve been doing this for a few months now, and it’s been incredible what we have been able to accomplish in small amounts of time. It has allowed us to exponentially move large strategies, take larger risks (in safer ways), and create huge amounts of processes in smaller amounts of time.

 

As I was sharing our full day of strategy work with the community, one member asked a really good question, “one full day? seems like overkill or has there been payoff?” As with many good questions, the answer is “it depends.”

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Category:
CPA firm, Leadership, Strategy
Comments:
0
Leadership has been something I’ve been growing in for a couple of years now. I even spoke about it at our Deeper Weekend conference last year. During my talk, my perspective was that you are a leader if you are a firm owner. Period. You may be a poor leader or a great leader, but you are still the leader of your firm. It is a fact with the position you hold as the owner of the firm.

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Category:
CPA firm, Leadership
Comments:
2
The Thriveal community is now in its 7th year. We started in October of 2010 as a way to be with other entrepreneurial firm owners. We’ve tried many community ideas along the way and have met many wonderful people. But this year seems different. We have learned so much about what a community means, and how to bring value to firm owners through a community. We truly believe that people building firms in a community grow more than when they try to grow on their own. We have many stories to back this up. Why? This growth happens because a community challenges firm owners in ways they didn’t know they needed to be challenged. And as members of the Thriveal community, we see other members doing innovative things. So we tend to try new things too. But the coolest part of growing in a community is the trust and camaraderie entrepreneurs feel within their community. A community watches out for its members, and supports each other when times get tough. This brings on the bravery needed to be successful growing a firm in a community.

 

Thriveal’s Purpose:

 

Thriveal inspires countercultural firm owners to embrace their entrepreneurial creativity within the profession.
Category:
Community, CPA firm, Software
Comments:
0

Greg Kyte 2Blow crap up.” – Jason Blumer

I’ve known Jason for six years now. I’ve heard all of his stories, the ones about how he’s tried all the stuff that you know you should try at your firm. He’s got a drive to blow crap up, and so he blows crap up, and he learns tons and tons of crap because of the crap he blows up.

Thriveal is accounting for the brave, and brave accountants risk the possibility of blowing crap up. Intentionally taking risks whereby crap may be blown up is something that can be managed; planned risks can be controlled and contained more or less.

But sometimes crap blows up all by itself. And when turds hit fans, you can learn A LOT and you can learn it FAST. Like Tom Hood says, the rate of learning at your firm has to be greater than the rate of change in the profession and greater than the rate of learning among your competitors. Read more

Category:
CPA firm, Management and Operations
Comments:
0

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