2020 was a wild ride, to say the least! As we move into 2021, it’s the perfect time to reflect on the past changes in the Accounting industry and future opportunities. Paul Latham shares the steps Accountants can take to make the most of this year and the years ahead in this episode of A [...]
How can you get your team to be proactive? It's all about leadership. Years ago, a "command and control" style worked well with employees, as you could tell them what to do...and they did it! Today, employees need to be involved. They want to be more collaborative and know the reasons why they're doing what [...]
What tools does your firm need to thrive in the 21st-century? If you are providing business advisory services, the more you can define the services you provide, the better. Using a diagnostic tool to identify client needs and what's important to them can help make your proactivity feel more real. Another essential tool is the [...]
What's the best way to run your Accounting business? Is the right way to have Accountants lead the way? Or should your business be run by professionals who have their respective expertise in growth, marketing, HR, operations, etc? Paul Latham spells out why running a proper business with the right team can help you advise [...]
Have you heard the story of the boiling frog? If you drop a frog in boiling water, it will jump out; but if you put a frog in water and gradually raise the heat, it will not realize that it is cooking. The analogy of the boiling frog, in this example, can be applied to [...]
This week, special guest, Tyler Furger, CFP of Illumine Financial, walks us through a case study of how to create overall strategic alignment for a business. Tyler covered some hot topics like: Creating a strategic focus and shared vision between key employees & shareholders Methods to overcome the talent shortage Structuring growth & equity plans [...]
We've seen an increasing trend in 2020 - Accountants being collaborative in their approach to providing the best possible solutions for their clients. Collaborative not by working with other Accountants, but in fact, partnering with Financial Advisors. It's not about abiding by the broken 20th-century referral model of an Accountant referring to an Advisor and [...]
Many factors go into deciding what you ultimately want to do with your business. Paul Latham suggests that there are typically two strategy options: growth (change) or destination planning. If you're unsure what you prefer, start by thinking about the 3 Ingredients of Business Success - Vision, Plan, and Desire. Do you want to transition your firm to [...]
As Accountants become the Most Relevant Advisor and proactively help their best clients, there may be times they need to bring in an expert. Introducing an expert allows the Accountant to extend their team and add additional value so that they can help their clients in areas far beyond traditional Accounting without the risk of [...]
What does your Accounting firm need to do differently to be more future-ready? How can you leverage technology? Do you need a virtual team? What about billing for proactivity as a product? Paul Latham suggests there are 4 major areas of change Accountants need to focus on to succeed in the years ahead. Thought Leadership [...]