by martin bissett
get rid of the noise of hourly billing and create value.
the disruptors
part 1 of a two-part episode.
with liz farr
for over a decade, jody grunden, cpa, has been doing things that many firms are just now discovering. summit virtual cfo (now part of anders) offers weekly subscription-based pricing as a fully remote firm, and their main offering is virtual cfo services or, in today’s parlance, cas 2.0 services. he’s also the one you might spot at accounting conferences in his signature tommy bahama shirts instead of a suit and tie, not quite what you might expect from the leader of a $10 million firm.
jody grunden, coming in part 2, june 27: be different. make more money
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grunden, the partner and co-founder of summit virtual cfo, got his start as a thought leader and virtual cfo (as well as his signature wardrobe) when he was invited to speak at a conference in new orleans. at the conference, he used an easel and pad of paper to walk a roomful of successful creative agency owners through the way they made money and how their decisions impacted the bottom line. he is the author of the best-selling building the virtual cfo firm in the cloud.
don’t be blinded to the benefits of standardizing services.
by jody padar
radical pricing – by the radical cpa
the accounting profession will never resemble an automotive production line, perhaps for no other reason than we don’t look good in steel-toed boots. we’ll never be widget producers and, from my viewpoint, that’s a good thing. however, our position among the professional class shouldn’t blind us to the benefits of standardizing many of our services.
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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 – all good business practices. you’ll be able to predict with better accuracy the time frames required for new projects, and you’ll be able to scope out exactly what will be required to bring the project to a successful conclusion. read more →
where is your next money coming from?
by martin bissett
passport to partnership
if i could give you one tip that would assure that you could predict your consistent practice growth, it would be to look at your calendar.
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you need to look at what is on your calendar and to look at today’s date and ask, “where is the money coming from this month?” look at what recurring fees you have, look at the value of those fees and what they bring in. then consider what would happen if any of those fees did not recur. look at what would happen if those fees dropped out of the equation and think about how you would replace that income.
read more →
the popular search engine and its related apps are getting a cybersecurity upgrade.
by rick richardson
technology this week
during its recent google i/o 2024 developer conference, google unveiled private space, a new android feature that allows users to segregate a part of the operating system for sensitive data. it partitions specific apps into a “container,” like the mobile operating system’s incognito mode.
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the launcher makes the space available and can make it secure as an additional degree of authentication. notifications, settings and recents will not be displayed for apps that are in private space. if the private space is unlocked, users can continue to use the apps using the system share sheet and photo picker in the main area.