Archive for the ‘Uncategorized’ Category

Tuesday, September 6th, 2022

How Fast Are You?

“Everybody must realize that if you don’t meet customer demand quickly enough, without sacrificing quality, a competitor will.” – Bill Gates

The world’s fastest land animal is the cheetah. It can reach speeds up to 70 mph.

From sloths to snails, tortoises to slugs, the slowest animals in the world just aren’t in a hurry.

I have observed that in many CPA firms change moves at the speed of a covered wagon crossing in the prairie in 1850.

What is needed right now is fast change. Think of the Lockheed SR-71 Blackbird. It flies at 2200 mph. Assess where your firm stands on the speed of change. Are you procrastinating and thinking, “We have plenty of time; let’s work on that next year.” Believe it or not, even with the pandemic and the need for remote work, there are still many firms out there that are not paperless.

This year, you still have time to make some needed changes to enable your firm to be a firm of the future.

I know you are not a jet airplane but are you a cheetah or a sloth?

  • The only way to win is to learn faster than everybody else.
  • Eric Ries

Thursday, September 1st, 2022

Fail and Fail Again

“I knew that if I failed, I wouldn’t regret that, but I knew the one thing I might regret is not trying.” – Jeff Bezos

CPAs are conservative, traditional, professional, slow to change, and never want to fail.

That is why I am including an entire Seth Godin post for you to ponder. It is as follows:

UNBEATABLE VS. PERFECT

Google has killed more than 200 projects over the last few decades. They fail all the time. More than once a month they shut down a business that frightened the competition and seduced consumers.

That’s part of the recipe for becoming an unbeatable behemoth. Fail a lot.

Institutions like Western Union and A & P and Woolworth’s and Sears forget this part.

Don’t be complacent. Don’t be afraid. Don’t try to eliminate any chance of failure. Try things, experiment and take some risks. It’s how the most prominent and progressive CPA firms got to be prominent and progressive (and profitable).

  • The biggest risk is not taking any risk.
  • Mark Zuckerberg

Friday, August 5th, 2022

Simplify vs. Complicate

“Life is really simple, but we insist on making it complicated.” – Confucius

Here’s a Friday flashback post from 2013 that still applies today. Thoreau said: Simplify! Simplify!

CPAs tend to: Complicate! Complicate!

Have a great weekend!

  • This is my simple religion. There is no need for temples; no need for complicated philosophy. Our own brain, our own heart is our temple; the philosophy is kindness.
  • Dalai Lama

Thursday, August 4th, 2022

Back to the Office

“Alone we can do so little; together we can do so much.” – Helen Keller

Here are some random thoughts/comments for today.

A headline I read this week from The New York Times:

What Remote Work Debate? They’ve Been Back at the Office for a While. Cubicles are largely empty in downtown San Francisco and Midtown Manhattan, but workers in America’s midsize and small cities are back to their commutes.

Some CPA firms are still debating how remote they want to be. And, many small firms kept coming to the office throughout the pandemic.

Of course, progressive firms are using outsourcing so that is a form of being remote.

  • It is far better to be alone than to be in bad company.
  • George Washington

Friday, July 29th, 2022

Flashback Friday – Maister-isms

“Professional is not a label you give yourself – it’s a description you hope others will apply to you.” – David Maister

This Friday, reflect on some advice from David Maister. His comments never seem to get old, and he’s been retired for quite a few years now. Read the Maister-isms here.

Have a great weekend.

  • If your clients aren't actively telling their friends about you, maybe your work isn't as great as you think it is.
  • David Maister

Thursday, July 28th, 2022

Disconnect

“Disconnect from technology and reconnect with each other.” – Rosemary Wixom

WilkinGuttenplan is a great firm. I am honored to know Ed Guttenplan personally and am always impressed with the progressive way he manages the firm.

They have been named a New Jersey Best Place to Work, Best Firms to Work For by Accounting Today, and Best of the Best Firms by Inside Public Accounting.

To cultivate a healthy work-life balance, the firm will be providing Days of Disconnect – July 29 – August 1. See the announcement below. What are you doing for your people?

To our valued clients and members of our community,

WG takes pride in cultivating a healthy work-life balance and in an effort to acknowledge the hard work and dedication exemplified by our employees, we will be providing our staff with a well-deserved break to fully disconnect and recharge. We will be closing our offices from July 29th through August 1st. We will resume regular business hours on Tuesday, August 2nd. Staff will not be available during this time, however, if an emergency occurs, please reach out to the Partner on your account.

We appreciate your ongoing support of our team and our firm and look forward to continued success together.

Thank you,

WilkinGuttenplan

  • Work is important, but you also need to disconnect, to unplug at times, in order to be even more concentrated when you do work.
  • Massimiliano Allegri

Thursday, July 21st, 2022

One Way To Describe CPA Leaders

“Plans are only good intentions unless they immediately degenerate into hard work.” – Peter Drucker

Just a quick thought for you today. Don’t let this happen at your firm!

  • The single largest pool of untapped resource in this world is human good intentions that never translate into action.
  • Cindy Gallop

Tuesday, July 19th, 2022

Keep Your Hook In The Water

“Great vision without great people is irrelevant.” – Jim Collins

When finding talent to hire for your firm, a good friend of mine and long-time CPA management consultant, Steve Ericksen, noted that he always told his CPA firm clients to “keep their hook in the water.” Sadly, Steve has passed away, but I remember and appreciate so much of what I learned from Steve.

“Keep your hook in the water” means you must make it widely known that you are looking to hire accountants. You not only have to advertise on all reputable sites but also need to talk about it openly with everyone in your business and personal circles. When talking to attorneys, bankers, and clients, mention that your firm is hiring and actively seeking qualified candidates and ask if they know of anyone.

Make it a positive statement, such as, we are growing and expanding and now have room for more people. If you know anyone who might be interested in working for a progressive, growing, future-focused accounting firm, please let me know.

You can also mention it to friends and relatives. You never know where your next qualified hire might come from.

  • Train people well enough so they can leave, treat them well enough so they don't want to.
  • Richard Branson

Wednesday, July 13th, 2022

Next July

“It is really a cool perk.” – Alan Sobel

I recently read that Sobel, a 190-person CPA firm in New Jersey, closed their office and gave their entire staff the week of July 4th off.

Here’s a quote from the article by Tom Bergeron:

You might be surprised – what with him serving as the managing member of an accounting firm – but Alan Sobel said he didn’t break out any spreadsheets or enter any figures into a calculator to determine just how much giving his entire staff at Sobel Co the entire week off would cost the company.

That’s not what this was about.

Yes, Sobel acknowledges it is a cool perk but it is also a way to thank their team for all their hard work. They notified clients and others of the office closing via all the social media outlets. None of their clients seemed to mind, they seemed to understand.

I have heard of a few other firms also closing the week of July 4th each year. Maybe it is something for you to consider for next year. July 4th in 2023 is on a Tuesday. You would probably close on Monday anyway. Read the entire article. It might convince you to do the same. Think about it!

  • If our doing this leads other companies to think about doing the same thing, that’s great. But that’s not why we did it. This was about saying, ‘thanks,’ to our people.
  • Alan Sobel

Friday, July 1st, 2022

Happy Friday!

“It will be celebrated with pomp and parade, bonfires and illuminations from one end of this continent to the other.” – John Adams

Enjoy this 4th of July message. Click here.

Have a great holiday weekend.

  • Ask not what your country can do for you—ask what you can do for your country.
  • John F. Kennedy