VIDEOS
I spent the last few nice days of summer doing coaching calls from my boat. What came up on those calls was all about business modelling. I thought I’d share with you what we were talking about so you can apply it to your accounting practice.
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Trying to get the right work life balance is a WASTE of time. Why is this the case? I explain it in this week’s video………
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If you could get your hands on a time machine would you enter the CPA profession again? Better yet…would you recommend it for your kids? An interesting conversation with some friends during a boating trip highlighted this question for me. And I know the answer for most CPA’s is NOT what I want for our…
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A movie was being shot right near my house last week…and as usual it got me thinking about business models. Looking at other industries can provide you valuable insight into how to model your own accounting practice. That’s what this video is all about.
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Most people don’t like limitations. For highly successful accountants, they LOVE limitations. When you have a limited number of something…its value instantly increases. And you can use this to your advantage in your accounting practice. That’s what this week’s video is all about.
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My daughter wanted us to play a game with her the other day. I told her I’d be right there as I needed to finish editing a video for my blog. She yelled out…HEY! Come make a video with us playing the game! So I did. It’s amazing when you look around at regular…
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Like most accountants, my first firm’s revenue model was driven by billable hours. That’s what I was taught from the very beginning. I thought that the person who billed the most hours wins! But I was wrong…very wrong. It wasn’t until I started looking at my revenue model from a different perspective…that EVERYTHING changed. It’s…
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The entire business community is obsessed with MORE. More CLIENTS…More REVENUE …just get me MORE! But this isn’t always the best route to take. In fact, if your business model is flawed like most accounting firms are …more can kill your bottom line MORE becomes LESS
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We’ve all had those lower end clients we’ve just kept in our practices. Low price point. Low end work. But it’s easy….so we think we’re making money, right? WRONG. The facts tell us another story. Bottom End Clients DESTROY our Bottom Line.
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There is a GAP that exists between you and your clients. It negatively impacts your relationship with them …and reduces your profitability. But once you understand why it exists you can end it once and for all
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