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01/04/2016

Lab Experiment 2 Launched: Value Accounting Model

Today the Thriveal Laboratory launches its second experiment: Value Accounting Model.

The experiment’s hypothesis is that “there is a more intuitive way to present financial results that requires less accounting knowledge by business owners, and more transparently reflects the financial performance of the entity.”

We’re convinced this area is ripe for innovation, and if you’re a CPA who works with owners of small-to-medium sized businesses and you’d like to be a part of this Experimental Team, be sure to fill out the Experiment 2 Interest Form. The team will be formed in the coming months, we’ll begin the experiment in May, and complete the protocol this summer. Members of the Experimental Team will receive perpetual licenses to the intellectual property created during the experiment, become familiar with The Experimental Framework used by the Lab to apply in their own firms, and be featured in the Lab Report released at the end of the experiment, among other items.

Category:: Laboratory
Comments:: 0

12/28/2015

Thriveal in 2016

I was excited to share Thriveal’s vision for 2016 in our annual Family Meeting a couple of weeks ago.

You can watch the recording of our Family Meeting below if you missed it:

We have a leadership team in Thriveal now. This means we are able to make our visions much larger, because smarter people are attempting to pull them off. Have you ever wondered what we do at Thriveal? Here it is…

Category:: Behind The Scenes, Coaching, Community, Deeper Weekend, Laboratory
Comments:: 0

11/02/2015

The Price of Profit

I wonder if you’ll allow me a few moments for some experimental thinking — to explore with you an idea: what is the price of profit? (it may not be in the way you’re thinking.)

In a previous post, I ruminated on a different way to view what CPA firms do: we sell access to emotional, intellectual, and creative capacity. What this means to me is that we have care, smarts, and the ability to imagine, and that’s truly what our customers want from us. This is how we help them. These are not unlimited resources, however. We have only so much emotional capacity. You know what I mean if you’ve ever had that morning customer situation that completely zaps your energy for the rest of the day. We have only so much intellectual capacity. Has anyone out there been able to keep up with changes in all the dimensions of accounting, much less the other things we have to know to run a business? And we have only so much creativity capacity. The juice it takes to rollout new products, or help customers imagine solutions to their situations, can only run so long before it needs to be replenished.

Category:: Laboratory, Other Thoughts, Pricing
Comments:: 1

01/15/2015

Three Experiments to Try in 2015

It’s that time of year: time for Thriveal Laboratory’s list of 3 experiments to try in 2015.

Building on the idea that the phrase that will change your business’s future is, “I’d like to try an experiment. . .let’s see if this works,” we’d like to challenge you to identify one or two things you’ll try new this year.

And to jumpstart the process, we’ve put together 3 experiment suggestions for you. Choose ours, identify your own — whichever you do, the point is to identify an uncharted area you think has the greatest potential for your firm and to make a move. Read more

Category:: Laboratory
Comments:: 0

01/05/2015

Experiment 1 Lab Report Released

The first hypothesis tested by the Thriveal Laboratory is that “there will be multiple successful business models for accounting firms of the future.” This challenges the notion that all accounting firms are moving towards one new model.

To test this hypothesis, we gathered a team of six CPA firms, surveyed the current landscape, acquainted ourselves with a powerful business modeling tool, generated concept sparks in two ideation sessions, and prototyped six different accounting firm business models.

On December 17, the Lab released its results to the accounting profession in a live, 30-minute webinar and published them in its first Lab Report. You can watch the presentation in this video: Read more

Category:: Laboratory
Comments:: 6

12/17/2014

Become a Thriveal Lab Partner!

Remember back in elementary school, when it was time to try something new in a science experiment? Everybody paired up with a lab partner.

Well, the learning shouldn’t stop. Neither should the experimenting. And neither should the lab partners.

The Thriveal Laboratory has as its mission: to encourage strategic risk-taking in the accounting industry, by lowering the barriers to innovation. We are accelerating the adoption of today’s innovations, and contributing to the imagining of tomorrow’s. And we’re creating new intellectual capital along the way. Read more

Category:: Laboratory
Comments:: 1

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