{"id":110236,"date":"2023-04-09t11:14:12","date_gmt":"2023-04-09t15:14:12","guid":{"rendered":"\/\/www.g005e.com\/?p=110236"},"modified":"2023-07-10t13:04:38","modified_gmt":"2023-07-10t17:04:38","slug":"how-do-firm-leaders-learn","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/04\/09\/how-do-firm-leaders-learn\/","title":{"rendered":"how do firm leaders learn?"},"content":{"rendered":"

the four essential pillars for continuous learning<\/strong><\/p>\n

by w. michael hsu, cpa
\n<\/em><\/p>\n

as a firm leader, you know that you need new software, services, processes, and tactics\u2026something that is going to take your firm to the next level. but how do you get there?<\/p>\n

more w. michael hsu:<\/strong>\u00a0seven principles to work less and achieve more<\/a> |\u00a0how do firm leaders learn?<\/a> |\u00a0why your approach to cas and cfo services is wrong<\/a> |\u00a0when it comes to pricing, it\u2019s about \u2018can\u2019t afford not to\u2019<\/a> |\u00a0your client base is global<\/a> |<\/p>\n

\"goprocpa.com\"exclusively for pro members.\u00a0<\/span><\/strong>log in here<\/a>\u00a0or\u00a02022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

the tools and processes you use to get you to the next level have to come from or are signed off by you. so, who is teaching you? if you took the leap into a new service area and don\u2019t know where you will land, you can\u2019t turn to staff. they are looking to you for the answers.<\/p>\n

<\/p>\n

so, i ask again, who do you turn to when you don\u2019t know the next step? family? spouse? those are too personal and may not be able to help with the practical steps to take, despite the emotional or personal support.<\/p>\n

i can say what helped me the most was that i always had a network, a community of people that could sanity-check my next steps. moreover, as a leader in need of answers, this is a great first place to start.<\/p>\n

peer-to-peer learning<\/strong><\/p>\n

as firm owners, we face challenges and issues that we can\u2019t exactly share with our staff, family, or spouse. people don\u2019t always get it, but owners know the struggle. in my case, my problem was that i thought i could help everyone. ultimately, i had to learn the hard way.<\/p>\n

i remember confiding in a friend about losing $150k in a month on investments. i didn\u2019t think much of it and wasn\u2019t showing off. i just wanted to confide in my friend, whom i had known since high school. his reaction was unexpected and not helpful, responding, \u201cwell, it must be nice to have $150k to lose.\u201d<\/p>\n

i realized then that i needed a judgment-free zone with people who understand situations like this and can share their experiences. not so much an echo chamber where everyone sits around and complains or has the same opinions on these matters. i needed a place that was structured to create action, accountability, and growth.<\/p>\n

here are some suggestions of the kinds of \u201csupport groups\u201d that firm leaders and business owners, in general, can truly benefit from:<\/p>\n

1. online classes\/boot camps<\/p>\n

a. good – there are a lot to choose from. you are bound to find one that works for you<\/p>\n

b. bad – there\u2019s a lot of junk out there, too, do your research<\/p>\n

2. general business peer-to-peer groups like ypo, eo, and vistage<\/p>\n

a. good – something \u2018normal\u2019 in other industries can be seen as game-changing in ours<\/p>\n

b. bad – they might not understand the nuisances of your business or be able to help with the technical side of things when it comes to financials because they, too, are struggling<\/p>\n

3. the cfo club: a structured community of like-minded cas builders.<\/p>\n

a. good – created cfos for cfos. i am sharing my experience from the past 13 years and my education with you<\/p>\n

b. bad – it is dangerous to become an \u201cecho chamber,\u201d especially if it\u2019s not planned and unchecked by an experienced community leader. you need the sanity check with a common goal of getting to the next level<\/p>\n

so what do leaders need in order to learn?<\/p>\n

these are the pillars:<\/p>\n