Thursday, June 26, 2008

Are You Working With A World Class CPA?

Recently Michael Gerber, author of The E-Myth, held a teleconference for CPAs titled “Learn the Secrets of Creating a World Class Accounting Firm”.

At one point in the teleconference Gerber describes what business owners want from their CPAs. He sums it up in one word – RELIEF. Gerber says that clients want their CPAs to provide relief from:
  1. The unknowns of operating a business
  2. The frustrations of day-to-day business activities
  3. Mis-understandings relating to arcane financial reports
  4. The billable hour
Are you a business owner looking for relief? Working with a CPA, like Brenda Richter, who is a member of the Principa Alliance will provide you with relief. Principa CPAs do the following:
  1. Reduce your concerns about the unknowns in your business by helping you create a strategic plan complete with alternate courses of action for different scenarios
  2. Minimize your frustrations with your business by assisting with the creation and documentation of your business systems and related KPIs
  3. Present you with your financial information in an easy to understand format with full color graphs and plain English commentary
  4. Provide you with a fixed price agreement with every project
So, the question is: “How do you spell relief?”

Listen to a snippet of Michael Gerber’s teleconference.

Sunday, June 22, 2008

Are We Buying & Selling "Time"?

What’s Time Really Worth?

Jamey Johnson’s song The Dollar (lyrics video) can give us pause to ask some hard questions:

1) Why do professionals charge by the hour?
2) Why do their clients pay by the hour?
3) How much is our “time” really worth?