target the low-hanging fruit

five strategies you can implement right now.

ripe apples are hanging on a branch covered with first snowby sandi smith leyva
the accountant’s accelerator

if business has slowed for you, it’s not just you. with people finishing their holiday preparations, getting ready for school vacations and trying to keep from falling to the latest batch of colds making the rounds, it’s all most of us can do to stay on our routines.

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top 10 entrepreneurial traits of successful accountants

accountant with abacustest yourself against this checklist.

what does it take to succeed in accounting?
join the the survey; get the answers

by hitendra patil
pransform inc. 

which accountants have the most talent for building a practice and sustaining a growing firm?

what separates successful practice owners from less successful ones?

in general, the most successful independent business owners, compared with the less successful, are:

  • three times more likely to build large businesses and to grow them significantly;
  • four times more likely to create jobs;
  • four times more likely to exceed profit goals; and
  • five times more likely to exceed sales goals.

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check your relationship ratios for better business success

by sandi smith leyva
the accountant’s accelerator

here’s a quick exercise: choose any person in your work life or personal life. now think back to last few interactions you had with that person. recall what was said and classify your list into two groups.

what interactions, comments and questions did you have with your chosen person that were negative? here are some examples of things that are in the “negative” group: read more →

as block and liberty add accounting services, independents face 3 options

libert-block-logos-170x145when 卡塔尔世界杯常规比赛时间 published its analysis, “threat or opportunity as h&r block, liberty jump into bookkeeping services,” by hitendra patil of pransform, it ignited a small firestorm of responses from readers and a reality check for the profession.

related: new strategic ally, or competitive threat?

two distinct groups of voices seem to be emerging with three basic options for independent accounting firms, according to patil who has been studying the profession’s reactions. read more →

4 metrics to measure change, progress & success in your tax and accounting practice

champagne glasses 20460685_sand how to set bold new goals for the next year.

by sandi smith leyva
the accountant’s accelerator

think back to this day one year ago for just a minute. where were you in your business? what were your revenues, salary and profits at that time? what were your clients like? what were your biggest issues?

if we don’t occasionally look back to take a snapshot at a point in our history, we may not realize how much we’ve accomplished in such a short time. i’m not much for dwelling in the past, but this exercise is tremendously useful for a couple of reasons: read more →

threat or opportunity as h&r block, liberty jump into bookkeeping services?

liberty block logoswhat it means for independent tax and accounting firms.

by hitendra patil
pransform inc. 

the accounting profession in the u.s. has been shaken up by announcements from liberty tax services and h&r block that they are entering into core bookkeeping and accounting services business.

more on the entrepreneur accountant:  six steps for a better tax season   •  8 seconds into the future: meet generation z   •   5 reasons gen y will make or break your firm   •   3 ways amazon’s new fire phone hints at the future of accounting   •   the 8 traits creating the firm of the future today   •   get more done, make more money: stop doing these 17 things   •   what shopping habits reveal about accounting clients   •   create your “not-to-do’s” list   •   irs bitcoin rule: 5 things accountants need to know   •   tax season tips: train your brain to focus   •   what the bitcoin phenomenon means for accountants   •   overcoming your clients’ worst fears   •   5 tech tips for reigniting growth   •   a case study in using linkedin   •   accountants and six fundamental human needs   •   client satisfaction starts with ‘likeability’   •   why accounting? your clients want to know   •   what’s next: predictive accounting

the news came as a surprise to many and i had a few discussions with some accounting professionals, especially smaller firms and some solo practitioners, on what they think of this new development. read more →

six secret keys to the mind of the entrepreneur

and how accountants can leverage them to be trusted advisors.

by hitendra patil
pransform inc. 

it’s said that accountants are the trusted advisors of their clients. but in reality it’s a myth – as far as business owner clients are concerned.

peer groups, associations, similar business owners, people from the same industry … entrepreneurs don’t listen to anyone else who has not “been there, done that.” they may hear. but they rarely listen.

more on the entrepreneurial accountant: 8 seconds into the future: meet generation z   •   5 reasons gen y will make or break your firm   •   3 ways amazon’s new fire phone hints at the future of accounting   •   the 8 traits creating the firm of the future today   •   get more done, make more money: stop doing these 17 things   •   what shopping habits reveal about accounting clients   •   create your “not-to-do’s” list   •   irs bitcoin rule: 5 things accountants need to know   •   tax season tips: train your brain to focus   •   what the bitcoin phenomenon means for accountants   •   overcoming your clients’ worst fears   •   5 tech tips for reigniting growth   •   a case study in using linkedin   •   accountants and six fundamental human needs   •   client satisfaction starts with ‘likeability’   •   why accounting? your clients want to know   •   what’s next: predictive accounting

after talking to several business owners about what they expect from their accountants, we figured out six key insights into how entrepreneurs think. read more →

the emotional side of the tax and accounting business

five essential skills every successful practice owner needs.

by sandi smith leyva
accountant’s accelerator

there are courses and conferences to help you build the technical skills you need to succeed in accounting. but if you think about it, there is no cpe to help you with the emotional side of your business, and there are plenty of times on a daily basis that the emotional side of business comes into play: read more →

three must-have checklists for your practice

checklists work for astronauts. why not accountants?

by sandi smith leyva
accountant’s accelerator

airplane pilots and astronauts have checklists for just about everything they do.  checklists promote performance consistency, make it easier to learn new procedures and increase safety exponentially.  in accounting, we can learn from the airline industry and apply checklists to certain areas of our practices in order to reap similar benefits.   here are three areas of your accounting practice that can benefit from checklists: read more →

five thinking patterns that will keep you playing small

what makes you flinch?

by sandi smith leyva
accountant’s accelerator

if you feel you should be doing better than you are in business, you may have a belief pattern that is unconsciously holding you back. the first step is to bring it to the surface. only then can it be addressed, released and replaced with a belief that will lead you to increased success.

here are five of the most common thinking patterns or beliefs that will keep your accounting business from growing. read more →