Episodes
Friday Aug 16, 2024
Friday Aug 16, 2024
In this episode of The Practicing Accountant podcast, Doug and Dan discuss the importance of creating a vision for your firm rather than simply setting goals. They highlight how goals, without a clear vision, can trap you in a never-ending cycle of busy work without meaningful progress. The conversation covers how a strong vision should guide your goals, tactics, and daily tasks, ensuring that every action you take moves you closer to your desired future, both professionally and personally.
Whether you're aiming to be the top expert in your niche, seeking a balanced lifestyle, or wanting to build a more fulfilling practice, this episode provides practical advice on how to reverse engineer your vision into actionable steps.
For more insights, visit www.thepracticingaccountant.com. Don't forget to like, share, and subscribe!
Saturday Aug 10, 2024
Saturday Aug 10, 2024
In this episode of The Practicing Accountant podcast, Doug and Dan discuss the crucial but challenging task of firing your worst clients to improve your business. They highlight how difficult clients can drain your energy, reduce profitability, and negatively impact your overall practice.
The hosts share a straightforward method to identify these problematic clients and offer tips on how to let them go professionally. By clearing out clients who don't fit your ideal profile, you can create more space for profitable and fulfilling work.
For more resources, visit www.thepracticingaccountant.com. Don’t forget to like, share, and subscribe!
Wednesday Aug 07, 2024
Wednesday Aug 07, 2024
In this episode of The Practicing Accountant podcast, Doug and Dan dive into the counterintuitive idea that saying "no" can actually lead to more profitable clients and a better business model. They discuss the importance of niching and how it can help you focus on the most lucrative and enjoyable work.
Doug and Dan break down the concept of identifying your ideal client and the benefits of specializing in a particular industry or service. They emphasize that while it may seem like turning away business, saying "no" helps create space for the right clients who are willing to pay for your expertise. This approach not only leads to higher profitability but also allows for a more streamlined and efficient operation.
They offer practical steps for analyzing your current client base, identifying patterns, and determining the most profitable areas to focus on. The episode highlights the importance of being intentional with client selection to build a firm that supports the lifestyle you want.
For more resources and to learn about the benefits of joining The Practicing Accountant community, visit www.thepracticingaccountant.com. Don't forget to like, share, and subscribe!
Monday Aug 05, 2024
Monday Aug 05, 2024
In this episode of the Practicing Accountant podcast, Doug and Dan dive into the fall roadmap for accountants, focusing on how to navigate the busy extension season while preparing for the next tax season. They discuss the importance of managing the "people pleaser" tendency to avoid overcommitting, putting self-care first, and strategizing effectively. The conversation highlights the need for intentionality in client selection, setting boundaries, and planning for future growth. By creating a detailed action plan starting after the October deadline, accountants can optimize their capacity, improve client relationships, and enjoy a more balanced and fulfilling professional life. Visit www.thepracticingaccountant.com for more.
Wednesday Jul 31, 2024
Wednesday Jul 31, 2024
In this episode of The Practicing Accountant podcast, Doug and Dan explore effective strategies for attracting new clients. They begin with a light-hearted discussion about movies and the unique experience at Alamo Drafthouse, then delve into three main client acquisition methods: networking, creating an audience, and delivering exceptional client service.
They emphasize the importance of choosing a business development approach that aligns with your interests and can be consistently applied. Doug shares practical advice on how to track the effectiveness of these efforts, ensuring you're not just busy but also productive in growing your firm. Whether you're just starting or looking to refine your client base, this episode provides valuable insights to help you attract the right clients and enjoy your work more.
Visit www.thepracticingaccountant.com for more resources and details on membership benefits. Don't forget to like, share, rate or subscribe!
Sunday Jul 28, 2024
Sunday Jul 28, 2024
In this episode of the Practicing Accountant podcast, Doug and Dan discuss how to enhance client retention by creating memorable experiences that encourage clients to brag about your services. They emphasize the importance of intentionality in customer service, sharing personal examples, including standout experiences with Disney and a Disney travel agent, to illustrate how exceptional service can lead to loyalty, higher pricing, and client referrals. The conversation highlights the need for proactive, rather than reactive, client interactions and offers actionable tips for improving client satisfaction. Visit www.thepracticingaccountant.com for more insights.
Wednesday Jul 24, 2024
Wednesday Jul 24, 2024
In this episode of the Practicing Accountant podcast, Doug and Dan discuss the importance of mindset and vision in accounting firms. They explore how generational mindsets influence work habits and productivity. Through the story "A Message to Garcia," they emphasize the value of having a clear objective and the determination to achieve it without unnecessary complications. Doug and Dan challenge accountants to define their vision for their firm, eliminate distractions, and focus on meaningful growth. They stress the importance of planning during the quieter months to set a clear direction for the future. For more insights and resources, visit ThePracticingAccountant.com
Sunday Jul 21, 2024
Sunday Jul 21, 2024
In this episode of the Practicing Accountant podcast, Doug and Dan delve into the topic of lead generation for accounting firms. They discuss the pros and cons of hiring lead generators, share personal assumptions and experiences, and explore the challenges and benefits of growing a firm the right way. The conversation also touches on the importance of intentional growth, maintaining a balanced workload, and the value of referrals. Tune in to learn about the right and wrong ways to expand your accounting practice. For more insights and resources, visit The Practicing Accountant.
Thursday Jul 18, 2024
Thursday Jul 18, 2024
In this episode of "The Practicing Accountant," Dan and Doug discuss the impact of AI on accounting, particularly for smaller firms. They highlight a Thomson Reuters survey predicting AI will free up significant time for tax practitioners in the coming years. They emphasize the need to shift from hourly billing to value-based pricing to adapt. They see AI as both a risk and an opportunity, urging accountants to use it strategically to improve services and client relationships.
For more insights, visit thepracticingaccountant.com.
Sunday Jul 14, 2024
Sunday Jul 14, 2024
In this episode of "The Practicing Accountant," Dan and Doug discuss the concept of creating capacity by focusing on fewer clients but providing more attention, drawing inspiration from the movie "Jerry Maguire." They highlight the importance of transitioning from the traditional model of acquiring as many clients as possible to a more sustainable and fulfilling approach. By emphasizing quality over quantity, accountants can enhance client relationships and find more satisfaction in their work. They also touch on the challenges of saying "no" to less ideal clients and the power of intentionality in building a better practice. For more insights and resources, visit thepracticingaccountant.com.