the radical cpa

…the full table of contents, forewords and the complete first chapter   jody padar, cpa, mst jody padar, the radical cpa™, is one of the accounting profession’s foremost visionaries and…

accodex sets up a platform for practice management

portrait of chris hooper
hooper

the goal: admit new partners without bottlenecks.

by kayleigh padar

chris hooper, the ceo and managing partner of accodex, recently redesigned the firm’s business model to respond to clients’ changing accounting needs. the firm operates in four areas: the united states, the united kingdom, australia and the philippines. it is made up of over 50 employees.

more on radicalism: the persona: a closer look | happy tax: why you need to know its name | 3 challenges in shifting to product management | tips from a veteran product manager | productized 1099s the new vision way | karbon builds a practice management platform on steroids | why our clients need us to be radical | introducing the fifth radical tenet: the business model | dear midsized firms: yes, you can change
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“i started with a small practice in 2011 in australia,” hooper said. “it was 100 percent cloud, fixed fee, global from the get-go. there wasn’t really a need to change those fundamentals.”
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product management: start with these 6 steps

scrambled thoughts enter man's head, straightened ones come outhow well do you know your potential customers?

by jody padar
from success to significance: the radical cpa guide

so, you’re in your new role. now what?

more on radicalism:  3 challenges in shifting to product management | tips from a veteran product manager | productized 1099s the new vision way | karbon builds a practice management platform on steroids
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it’s time to get organized and start rolling your plans out to the team. here are the first steps to take in your new position as product manager.
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going deeper into product management

four businesswoman having a meeting around a tablepart of it is bringing people together.

by jody padar
from success to significance: the radical cpa guide

if we are going to be acting like product managers, we really need to know what they do. the best place to start is defining product management.

more on radicalism: productized 1099s the new vision way | how to develop productized services | firm product management is the way to the future | 10 steps to start innovating | the value of new ideas
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according to steven haines’ book “the product manager’s survival guide,” product management refers to the holistic management of products and portfolios – from the time they are conceived to the time they are discontinued and withdrawn from the market. in essence, it’s the business management of products. product management can also refer to the organization that serves to lead and integrate the work of people from other functions.
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productized 1099s the new vision way

two women talkingthis is the only way they’re handled.

by jody padar
from success to significance: the radical cpa guide

here’s the old-school way of completing 1099s:

cpa calls customer before year-end reminding them 1099s need to be completed for january. cpa reminds customer to send in names, addresses and amounts for 1099s to be issued. cpa waits for complete data, usually missing at least one address. cpa rushes at last minute to enter data in 1099 system and issue 1099s. cpas have multiple customers who act like this, creating havoc and late nights in january.

more on radicalism: how to develop productized services | dean quiambao: ‘if you’re not disrupting, you’re not doing it right’ | josh zweig’s liveca offers new thinking from the ground up | how ‘agile’ applies to cpa firms | our pain points are opportunities | transitioning to a radical firm: bringing a legacy customer along
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it doesn’t have to be this way!
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firm product management is the way to the future

provider and customer have to be aligned.

by jody padar
the radical cpa guide

what is your firm’s purpose?

let’s go back to the idea of innovation, or what i like to describe as the application of innovation and business model transformation.

more on radicalism: josh zweig’s liveca offers new thinking from the ground up | why our clients need us to be radical | introducing the fifth radical tenet: the business model | dear midsized firms: yes, you can change | the four tenets of radical firms: a brief review | the radical cpa: always changing
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we’re not just managing change anymore. change management is becoming obsolete – new firms know they must be nimbler than just strategizing around any sort of targeted change. managing change was fine five years ago, but trust me when i say we are beyond that.
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10 steps to start innovating

do you want your firm to last after you’re gone?

by jody padar
from success to significance: the radical cpa guide

cpas are busy people – often to the detriment of their customers. when cpas don’t have time to understand their customers, they fail to give them real value and creative solutions.

more on radicalism: how ‘agile’ applies to cpa firms | introducing the fifth radical tenet: the business model | dear midsized firms: yes, you can change | the four tenets of radical firms: a brief review
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this is really concerning to me. it concerns me that many cpas are unwilling to do the work to keep their firms relevant. although they know that the world no longer works the way it did 20 years ago, they simply shrug their shoulders or look the other way because confronting change seems like too much work.
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donny shimamoto explains how ‘agile’ applies to cpa firms


examine change from three standpoints: financial, technology, and people.

donny c shimamoto, cpa citp intraprisetechknowlogies
shimamoto

by jody padar
from success to significance: the radical cpa guide

today we’re going to ask the agility expert. donny c. shimamoto, cpa, citp, cgma, is managing director of intraprisetechknowlogies llc.

more on radicalism: introducing the fifth radical tenet: the business model | the value of new ideas | the radical road to (business) transformation | the radical cpa: always changing
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jp: can you describe what your firm does?

ds: we help transform cpa firms in a couple of ways. one is to help them embrace the cloud in a reasonable manner. the second is to embrace new approaches to working. you could even maybe say that we help them become radical firms.
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why cpas must be agile

happy business professionals giving high five hand slaphow could you apply these 12 principles to your firm?

by jody padar
the radical cpa

let’s talk about what “agile” means and why you need to embrace this way of being. being a self-proclaimed techie, i’m kind of psyched that agile comes from a software definition.

more on radicalism: introducing the fifth radical tenet: the business model | the value of new ideas | our pain points are opportunities | dear midsized firms: yes, you can change | the radical road to (business) transformation | transitioning to a radical firm: bringing a legacy customer along | the four tenets of radical firms: a brief review | the radical cpa: always changing
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agile software development describes a set of principles under which requirements and solutions evolve through the collaborative effort of self-organizing, cross-functional teams. it advocates

  • adaptive planning,
  • evolutionary development,
  • early delivery and
  • continuous improvement,

and it encourages rapid and flexible response to change. these principles support the definition and continuing evolution of many software development methods.
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introducing the fifth radical tenet: the business model

businessman switching on "innovation" slider buttonsix barriers to innovation.

by jody padar
the radical cpa

many radicals have already made the shift to pricing by value or a fixed price agreement. yet, they are still tracking time.

more on radicalism: the value of new ideas | our pain points are opportunities | transitioning to a radical firm: bringing a legacy customer along | the four tenets of radical firms: a brief review | the radical cpa: always changing
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when we value our team on an hour, it leaves almost no time for innovation to occur. an incremental shift could be to allow for a certain number of innovation hours per week. however, once again, this is a huge limit on creating an innovative culture.
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our pain points are opportunities

"opportunity just ahead" road sign in desert“our cultures eat the opportunity to innovate.”

by jody padar
the radical cpa

opportunities are everywhere. as a successful business owner, you already know this. but when you look at your firm’s biggest challenges, do you see opportunities?

more on radicalism: dear midsized firms: yes, you can change | the radical road to (business) transformation | transitioning to a radical firm: bringing a legacy customer along | the four tenets of radical firms: a brief review | the radical cpa: always changing
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opportunities are always openings for innovation or change. as a firm owner, you have a choice: you can address your challenges about the changing market head on or you can just hide your head in the sand and leave them for the next generation to tackle.
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dear midsized firms: yes, you can change

why you should strive for utopia.

by jody padar
the radical cpa

in a traditional firm, the partner is the center of everything – from technical knowledge to relationship management to operations.

more on radicalism: the radical road to (business) transformation | transitioning to a radical firm: bringing a legacy customer along | the four factors for fixed pricing | target content to consumers, not industry | social + strategy = success | make the cloud work for you | 5 ways to capitalize on trends

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and, it’s not a pretty sight.

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