Category: Thinking

I met Ron Baker in person for the first time in 2011. Before that, I had read his articles online and attended a webinar he presented. But in 2011, I attended the first Thriveal Deeper Weekend, which was a “Firm of the Future” seminar offered by Ron Baker and Ed Kless. That was two days of brain-crushing, mind-altering, future-shifting learning and dialogue.

I immediately started to change things: first with a handful of customers with whom we had strong relationships, then with certain service types, etc. I remember a year later, I’d hardly made the progress I wanted to, and was feeling down wondering if it was ever going to happen. I remember chatting with Ron around that time, and he mentioned in passing that firms usually take three years to fully transition to value pricing. Whew – I was much relieved: I still had time.

Three years later, I look back, and boy, there has been such a change between then and now. I’m happy to say, we’re now completely value priced — I’m still learning (and doubt I’ll ever stop), but I feel so much more freed as a business owner having gone through this process. I was recently reflecting on some of the realizations I’ve had along the way and wanted to share them with you:

Continue reading “Reflections After 3 Years of Value Pricing”

Great things can be accomplished by teams. And the best teams are made up of players who have unique roles that mesh and multiply their teammates.

What is the unique role of the CPA? The thing we bring to the table of business?

I propose that CPAs should own the “profit equation” – that it be our domain.

Continue reading “CPAs Should Own the Profit Equation”

As a small business owner, you have one foot in the future and one foot in the the present: building your firm for the future, while serving the needs of the present. The difference between the two worlds is the gap: the space between where you are and where you’ll be. If you let that gap grow too big while your feet are straddling it…well, I think you get the picture. 😉

In some ways, that gap is what defines an entrepreneur. They see the difference between the world how it is and how it can be. It’s an internal cognitive dissonance, a type of itch, that they reach out to scratch.

What can happen nowadays, though, is that so much innovation comes at us, that the volume of cognitive dissonance grows too loud (anyone out there felt it?). There’s a difference between a music level that’s motivating, and a music level that’s inhibiting, or even downright crushing.

Continue reading “Be Aware of Your Cognitive Dissonance”

When I’m reading for content, I’m all about the marginalia: underlines, questions in the borders, even one­ sided hand­written debates with the author. Which is why I was much relieved that the Kindle allows you to digitally underline text and add notes too — you can even export them to a PDF to save and search, a way cool feature that I’ve taken advantage of many a time.

But what if the text in a book went from edge to edge? No spaces between the lines, no space on either side of the page, none at the top, none at the bottom: a page littered with letters. Hard to read, cramped with lines blurring, and eyes crossing…

Now imagine if that book is our firm’s story: tasks and activities wedged end­to­end, no space in­between, no real breaks, no room in the borders. When all the space is filled, there’s no place to make edit markings. When all our resources are committed, there’s no capacity for change. When the entire page is full, there’s no space to doodle in the margins.

Continue reading “Doodle in the Margins”

There’s a balance line somewhere between having everything planned out and having no idea what’s going on.

And the ideal is not ‘having it all figured out.’ There’s no reason to feel bad or punish yourself for not being fully organized. Chaos is a natural part of the picture — you can’t pull order from chaos without a little chaos. Which is why it’s okay to deliberately mess things up now and then. Or as we say in Thriveal parlance: blow things up.

When asked the question, “What does your firm want to be when it grows up,” it’s okay to say, “I don’t know.” Discovery really best happens from the side rather than head-on. You really can’t plan “a-ha” moments, or else it’s not really a discovery. Discovery is, by nature, unexpected. All you can do is put yourself in different places or situations where it might occur and remain open to it happening, without compulsion. A little trust in Providence doesn’t hurt either.

Continue reading “How to not be Strategic, Strategically”

Those of you tracking the Thriveal blog for a while may have noticed one of the themes I’ve been exploring over time through my posts is: where is the practice of accounting headed? Entries on that topic include:  A Profession In Search of an Identity, The Firm(s) of the Future(s), Accounting Is Not the Language of Business, and the most recent: Accounting For What. In that post, I came right up to, but didn’t take, the last leap in the hopscotch of the thought process, which is what I’d like to share now: “The customer is the product.”

I first heard that phrase uttered by good friend and Verasage founder, Ron Baker, at a conference last fall and it caused me to do a full stop in my tracks. I realized I can be focused on what we’re selling, and changing our offerings, and marketing our products and services, and on and on. But the truth of the matter is, it’s the customer that’s the product. And what I do is best measured by how it changes their lives.

What we do is best measured by how it changes our customers’ lives.
Continue reading “The Customer is the Product”

It’s coming. But somehow it helps to know it’s coming.

There’s always the initial excitement, and the expansive vision of new possibilities. Then reality sets in.

The key is to recognize it’s part of the process: One does not reach the “plateau of productivity” without walking through the “trough of disillusionment.” The trough is where the idea is purified, distilled, crystallized — stripped of its misconceptions, to see what truly lays inside.

You do not reach the “plateau of productivity” without walking through the “trough of disillusionment.”

 

 

This is true of so many different scenarios.

Continue reading “Trough of Disillusionment”

When the inevitable question comes up in social interactions: “What do you do?” one of my favored replies is, “I help people account for things…usually it’s their money, but not always.”

What is accounting really?

Once I was giving a presentation to accounting students and posed this question to them. We learn debits, credits, generally accepted accounting principles, Internal Revenue Code, cash, accrual, other comprehensive basis of accounting, and the list goes on. But what is it really all about?

Continue reading “Accounting For What?”

The four dimensions of time are: past, present, future, and nothing. Everything comes from nothing.

The past is already set: it’s not going to change (though how we understand it certainly can change). The present is really the result of the past: what was set in motion then becomes today’s now. And the future will be the result of what we do today. At first glance, it seems like a closed system: at one level at least, everything’s predetermined. The action-reaction chain has already begun, and it’s simply playing out.

How, then, can one change the time sequence? From the fourth dimension. Something has to come from outside the normal time system to alter its course. That something, I propose, is nothing.

Continue reading “The Power of Nothing”

Leadership is scary business. Both for ourselves, and our customers. It means moving from where we are now, to some place new, some place unfamiliar, some place unexplored. Leadership is personal — you cannot lead a crowd, you can only lead persons, individual people. Business is scary leadership.

In Choosing Your Surfing Style, we chatted about changing value propositions. The “wave” we looked at there (a wave comprised of successive adoption curves) charts a path of ups and downs as new value propositions move in, through, and out, of a market. Many companies participate in part of that movement. Few companies navigate it entirely. Changing value propositions is simply another way of saying leading our customers. We can lead our customers along the path of the wave as it moves through the market.

But leadership is hard. How can you help someone understand something they haven’t experienced before? How can you help them choose what you know will be helpful? How can you lead them to a better place?

Continue reading “Leading Our Customers”