3 reasons small firms stay small

woman in home office looking at paperwork in front of computerplus 5 common situations. do you see yourself?

by hitendra patil
accountaneur

when firms want to grow but can’t, the problem is neither economy nor resources.

more on entrepreneurial strategy: how job titles can rebrand your firm | your clients hold a secret key to your practice growth | seven lessons for accountants from self-driving cars | you don’t think technology helps get new clients? | tax season management: multi-tasking is a myth
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  1. there are firms that do not want to grow. as long as it is by conscious, purposeful choice, it is a decision well respected.
  2. there are firms that believe that they cannot grow beyond what they have already achieved.
  3. then there are firms that want to grow but struggle to break the shackles of being where they are now.

read more →

how job titles can rebrand your firm

hitendra patil: "changing job titles to something more relevantly expressive can help rebrand your firm and even differentiate it competitively."new titles can attract more clients, talent and social visibility.

by hitendra patil
accountaneur

i read with interest ed mendlowitz’s recent post “what’s in a title?”

i wondered:

  1. why are the job titles in accounting firms what they are?
  2. how did they come into existence?
  3. what was the purpose of designing the job titles currently in vogue across the accounting profession?

more on entrepreneurial strategy: your clients hold a secret key to your practice growth | the new needs of people at accounting firms | 4 pillars of future firm foundation | do you want a practice … or a business? | 3 apps to automate business networking | re-learning the lingo of the accounting business
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most likely, it is industry practice that creates the sameness in job titles. ironically, management gurus tell us to differentiate, yet we resort to sameness!
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your clients hold a secret key to your practice growth

chart of survey results
[click for larger image]
only you can discover it. here’s how.

by hitendra patil
accountaneur 

accountants are in the business of solving clients’ problems.

more on entrepreneurial strategy: the new needs of people at accounting firms | forget cpe, you need an fpe | ‘uberizing’ means more than technology | the 5 most common marketing blunders accountants make
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the results of the 卡塔尔世界杯常规比赛时间’ “essential traits for success as an entrepreneurial accountant” survey clearly indicate that “problem solving” is one of the top three traits of successful accountants. join the survey, get the results.
read more →

new staffing strategies for the next-generation accounting firm

attract and retain talent by understanding this paradigm shift.

by hitendra patil
accountaneur 

topmost thought leader ronald j. baker said, “the world bank reports that 80 percent of the developed world’s wealth resides in human capital, illustrating that we’ve been in a knowledge economy since the 1950s. yet most accounting firms are utilizing a business model developed during the industrial era, with a relentless focus on efficiency and a ‘we sell time’ mentality.”

more on entrepreneurial strategy: forget cpe, you need an fpe | seven lessons for accountants from self-driving cars | you don’t think technology helps get new clients? | tax season management: multi-tasking is a myth | 8 seconds into the future: meet generation z | 5 reasons gen y will make or break your firm | get more done, make more money: stop doing these 17 things
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in his succinct and soul-searching praise for “accountaneur: the entrepreneurial accountant,” baker urged, “from changing your business model to focusing on developing your firm’s human capital, and more – will keep your firm relevant as we encounter an increasingly turbulent and changing marketplace.”
read more →

forget cpe, you need an fpe

business hand holding hot chart in crystal ballan executive whose entire job is to predict the future?

by hitendra patil
client accounting services

do you want to know the future of accounting?

more on entrepreneurial strategy: seven lessons for accountants from self-driving cars | 4 pillars of future firm foundation | do you want a practice … or a business? | 3 apps to automate business networking | relearning the lingo of the accounting business | 10 things that accountants didn’t worry about 10 years ago | what if accounting firms were ‘apps?’ |

more on client accounting services

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business insider recently published a post stating ford has an executive whose entire job is to predict the future.
read more →

lessons for accountants from self-driving cars

//www.g005e.com/2017/02/20/seven-lessons-accountants-self-driving-cars/how to make the leap from sci-fi fantasy to business reality in six steps.

by hitendra patil
the definitive success guide to client accounting services

the uberization of accounting has already begun, and disruption is creating a “no-choice future” for some firms.

more:  rotten tomatoes: what do your clients really think of you?  |  targeting the top 50 highest-paid client categories  |  survey results: decide to be decisive  |   the curious case of ‘the irreplaceable accountant’  | the three gears that drive success in the accounting business  |  brexit worries?  worry more about cexits, texits and pexits  |  linkedin launches accountant-for-hire service  |  4 pillars of future firm foundation  |  ‘uberizing’ means more than technology  |  you don’t think technology helps get new clients?  |  do you want a practice … or a business?  |  ‘decisiveness’ rated top trait for   success in accounting business  |  tax season management: multi-tasking is a myth  |  3 apps to automate business networking  |

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self-driving cars are meant to enrich human life. and therein are the hints of the future of the accounting profession. here’s how… read more →

rotten tomatoes: what do your clients really think of you?

biological tomatoesthe tell-tale signs of trouble.

by hitendra patil
accountaneur

the urban dictionary defines “tomatoed” as the state of a relationship when you’re not quite dating but not just friends. neither party is sure if they like the other enough to date, yet continue to do most of the same things as people in committed relationships. if they get tired of one another, they can simply return to “just friends” status without social upheaval. so named because of the tomato’s role as not quite a fruit and not quite a vegetable.

more accountaneur:  the three gears that drive success in the accounting business  |  brexit worries?  worry more about cexits, texits and pexits  |  linkedin launches accountant-for-hire service  |  4 pillars of future firm foundation  |  ‘uberizing’ means more than technology  |  you don’t think technology helps get new clients?  |  do you want a practice … or a business?  |  ‘decisiveness’ rated top trait for   success in accounting business  |  tax season management: multi-tasking is a myth  |  3 apps to automate business networking  |

 

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how can you tell if you’re getting “tomatoed” by your clients? how to make it stop? and what does it all mean? read on…

read more →

survey results: decide to be decisive

clockwise from top left: hood, bleacher, eckelkamp, middleton
lessons in decisiveness from (clockwise from top left) hood, bleacher, eckelkamp, middleton

decisiveness defines success in accounting: firms of all sizes agree.

success traits for accountants
join the survey. get the answers.

by hitendra patil
accountaneur

卡塔尔世界杯常规比赛时间 research into  “the essential success traits of entrepreneurial accountants” shows that accountants rate decisiveness as the single most important personality trait for achieving success.

more accountaneur:  the curious case of ‘the irreplaceable accountant’ |  $26 billion worth of strategic insights for accountants  |  the three gears that drive success in the accounting business  |  brexit worries?  worry more about cexits, texits and pexits  |  linkedin launches accountant-for-hire service  |  4 pillars of future firm foundation  |  ‘uberizing’ means more than technology  |  you don’t think technology helps get new clients?  |  do you want a practice … or a business?  |  ‘decisiveness’ rated top trait for   success in accounting business  |  tax season management: multi-tasking is a myth  |  3 apps to automate business networking  |

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“being proactive and anticipatory is showing up in our work more and more and, in fact, is what both clients and employers are looking for – anticipation and decision-making in uncertainty combined with a strong future view,” says tom hood, president and ceo, maryland association of cpas.

read more →

the curious case of ‘the irreplaceable accountant’

frustrated businessmanthe real reason clients change accountants.

by hitendra patil
accountaneur

why do people change their accountants? a google search lists a ton of reasons: not approachable. not available. not enough business understanding. not responsive. not tech-savvy. not predictable in changing fees. and some more…

more accountaneur:  the three gears that drive success in the accounting business  |  brexit worries?  worry more about cexits, texits and pexits  |  linkedin launches accountant-for-hire service  |  4 pillars of future firm foundation  |  ‘uberizing’ means more than technology  |  you don’t think technology helps get new clients?  |  do you want a practice … or a business?  |  ‘decisiveness’ rated top trait for   success in accounting business  |  tax season management: multi-tasking is a myth  |  3 apps to automate business networking  |

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is technological advancement adding one more reason hardly anyone wants to ever talk about? perhaps we should add to the list “accountant not required.” to me, that sounds like an outrageous inference to draw. but several accountants tell me that they lose clients regularly. they tell me they got “replaced.” technology could be part of the problem. but it’s not necessarily the solution.

read more →

$26 billion worth of strategic insights for accountants

https://cpatwpe.s3.amazonaws.com/cpatrendlines/wp-content/uploads/2016/09/microsoft-linkedin-conference-call-announcement-2016-06-13.pdf
download microsoft’s pitch deck on the linkedin deal (pdf)

this isn’t just news. it’s a business lesson in three parts. 

by hitendra patil
accountaneur

microsoft announced that it is buying linkedin for a colossal $26.2 billion—cash. what’s the message to the accounting profession? the value of the “professional network” isn’t in the number of its members, but the combination of the buying and the influencing power of linkedin members. the whole is greater than the sum of its parts.

more for the entrepreneurial accountant: the three gears that drive success in the accounting business   |  the words that will change your future  |  a declaration of independence for accountants  |  brexit worries?  worry more about cexits, texits and pexits  |  linkedin launches accountant-for-hire service  |  4 pillars of future firm foundation  |  ‘uberizing’ means more than technology  |  you don’t think technology helps get new clients?

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take a look at how microsoft and linkedin look at the deal (pdf). while microsoft is paying $26.2 billion (including net cash) to buy linkedin, it believes the total addressable market of its linkedin purchase is $315 billion. read more →

new findings: the three gears that drive success in the accounting business

gears-in-head
essential success traits: join the survey; get the results

top drivers found in new 卡塔尔世界杯常规比赛时间 research.

by hitendra patil
accountaneur

a new study of 卡塔尔世界杯常规比赛时间 survey research shows that the most successful accountants in the business share three particular personality traits that, when combined, create a powerful force for growth and profits.

卡塔尔世界杯常规比赛时间 is studying “the essential traits for success as an entrepreneurial accountant.” nearly 400 accountants have participated in the survey and about 80 percent of the respondents are managing partners, owners or ceos of their firms.  join the survey, get all the updates.

findings from the survey have already shown that “decisiveness” is the top trait for success in accounting business. but when matched with two other traits, the three together form a powerful and integrated success-cycle for accountants.

the research is finding answers for questions like:

  • which traits separate successful firms from others?
  • how do high-performing firms thinking differently from others?
  • which traits determine how big your firm can grow?

read more →

the words that will change your future

future informationdistilling the thoughts of thought leaders for emerging trends.

by hitendra patil
accountaneur: the entrepreneurial accountant

with accounting today’s new directory of the “top 100 most influential people in accounting,” we can glean a few clues about the future of the accounting profession.

more accountaneur: brexit worries?  worry more about cexits, texits and pexits  |  linkedin launches accountant-for-hire service  |  4 pillars of future firm foundation  |  ‘uberizing’ means more than technology  |  you don’t think technology helps get new clients?  |  do you want a practice … or a business?  |  ‘decisiveness’ rated top trait for   success in accounting business  |  tax season management: multi-tasking is a myth  |  3 apps to automate business networking  |

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but before going further, take a moment to jot down a few words that come to mind when you think about your own future and the future of your business.

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a declaration of independence for accountants

u.s. flaglife, liberty and the pursuit of happiness in work as in life.

by hitendra patil
accountaneur: the entrepreneurial accountant

one of the most powerful expressions in the declaration of independence made on july 4, 1776, is: “we hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness.”

more for the accountaneur: brexit worries?  worry more about cexits, texits and pexits  |  linkedin launches accountant-for-hire service  |  4 pillars of future firm foundation  |  ‘uberizing’ means more than technology  |  you don’t think technology helps get new clients?  |  do you want a practice … or a business?  |  new survey results: ‘decisiveness’ rated top trait for  |  success in accounting business  |  tax season management: multi-tasking is a myth  |  3 apps to automate business networking  |

if life, liberty and the pursuit of happiness were the unalienable rights in the accounting profession, what would they look like? read more →