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Hierarchical models of management in professional accounting firms all over the world are being challenged by new ways to build a business. It seems new business models (based on hearing every voice on the team), or focusing on results (and nothing else) are becoming more and more popular as the younger generations begin running the world. It seems some of these methods are hell bent on eliminating management, whether management is needed or not. Is it?
What is a business model, anyway? For that answer, let’s turn to the guru and author of Business Model Generation, Alex Osterwalder. In this book, Osterwalder defines a business model as “the rationale of how an organization creates, delivers, and captures value.” Basically, an accounting firm’s business model explains why they sell what they do, how they price for it, and how what they sell transforms their clients. According to Osterwalder, you need a cool chart, building blocks, and some markers to get it done. Business model creation is currently a fad, growing more and more popular every day. I guess it’s our search for why working at a lame firm sucks. But do we need a new business model? Read more
July 1, 2014 was the Blumer CPAs 2 year anniversary of being a virtual firm. We messed some stuff up, but have also learned a lot. I believe our virtualness sets us apart, so we are committed to getting better at being a virtual firm. So that I can add to my learning around being virtual, I’m documenting 9 things we’ve learned in 2 years of being virtual.
First, let me define virtual. We do not have offices, and thus we don’t exist anywhere except at a web address. But you could have firm offices and still be virtual to your clients. In that scenario, the team still meets together in one location, but the clients may or may not come to your offices. I don’t call that virtual, I call that paperless. Virtual in my definition is when a client can not assume that they have access to you physically. It’s a totally different mindset, and that’s why I’m defining it. Read more