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don\u2019t be blinded to the benefits of standardizing services.<\/strong><\/p>\n by jody padar<\/i> the accounting profession will never resemble an automotive production line, perhaps for no other reason than we don\u2019t look good in steel-toed boots. we\u2019ll never be widget producers and, from my viewpoint, that\u2019s a good thing. however, our position among the professional class shouldn\u2019t blind us to the benefits of standardizing many of our services.<\/p>\n <\/p>\n anyone who has been an accountant for any length of time has certainly seen enough to eliminate the need to reinvent the wheel every time they start a new engagement. an entire firm has even more institutional knowledge to draw from. you can develop reliable and repeatable recipes for different services and deliverables by capturing this institutional knowledge. this is standardization, and it makes your service offerings more efficient, cheaper, consistent and predictable \u2013 all good business practices. you\u2019ll be able to predict with better accuracy the time frames required for new projects, and you\u2019ll be able to scope out exactly what will be required to bring the project to a successful conclusion.<\/p>\n most firms already have at least four different ways to complete the same deliverable, but if you could figure out the absolute best way to do it and then standardize it, you\u2019d be saving everyone a lot of time and confusion. you\u2019d also deliver better results.<\/p>\n think about how real estate lawyers work. they aren\u2019t rewriting new contracts for every deal. if they are, they won\u2019t be in business long. rather, they produce one master contract, ensuring all the i\u2019s are dotted and t\u2019s are crossed. then, they use the same basic contract with every new deal, updating and customizing it where necessary.<\/p>\n your service bundles and deliverables should be as easily streamlined with the same steps, software and outcomes. this level of consistency will also help you price and scope more accurately.<\/p>\n standardization will help you run a more efficient, streamlined and profitable business. the following are steps you can take to unleash the power of standardization in your practice:<\/p>\n don\u2019t be blinded to the benefits of standardizing services.<\/strong>
\nradical pricing \u2013 by the radical cpa<\/i><\/a><\/p>\nmore:<\/b> four ways automation pushes the paradigm shift<\/a> | are you the key signal caller for your clients?<\/a> | value pricing requires defining your clients<\/a> | how value pricing impacts your employees<\/a> | six steps to start value pricing<\/a> | stop selling time<\/a> | why pricing is so disruptive<\/a> | the radical pricing model: start with $25k<\/a> | three critical factors drive the value pricing trend<\/a> | accounting disruptors are heading your way \u2026 with deep pockets<\/a> | the convergence of trends makes pricing changes imperative<\/a> | stop looking for talent that does not exist<\/a>
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\nby jody padar<\/i>
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