During the height of the pandemic, industrial production hit its lowest level ever recorded by the Federal Reserve. It lasted until May 2020, when industrial production began its slow ascent back. However, manufacturing hiring remains neutral. The U.S. manufacturing sector has a long road back in terms of jobs, 700,000 Read more…
Over the past 20 years I’ve been involved with a dozen or so small/medium sized businesses in various industries, as either a founder, advisor or member of the management team. In every company I’ve always leveraged outstaffing using a Team Extension Model (TEM) to grow my businesses. Now at Accsurant Read more…
Chris Zingalli has a nice piece on Robotic Process Automation for CPA firms on AccountingToday, including a concise use case for how it might be used in an audit application. Through our parent, MResult, we’ve been doing RPA for awhile now using a product called UIPath. It’s an extremely useful Read more…
If you’re a successful partner at your practice then you understand the importance of knowing your customers. You also know that CPA firms are being tasked with delivering more value to their clients. This means shifting your relationship from “transactional services” to becoming a “trusted advisor.” Covid-19 now makes this Read more…
After twenty-some years working as an entrepreneur, I’ve seen my share of buzz words – the cloud, SAAS, Artificial Intelligence, RPAs, IoT, Big Data, Blockchain, quantum computing… Today, I’m addressing “Digital Transformation” and what it means if you are a managing partner in an accounting firm. But first, digital transformation Read more…
Here’s a nice piece from AccountingToday on the importance of transforming your practice into a digital operation. Authors Gary Shamis and Ilana Isakov Katz make the case that the pandemic is greatly accelerating the process of digital enablement (something that we whole-heartedly agree on, and will be writing more about Read more…
I’ve been talking with partners in dozens of CPA firms about how they are weathering the pandemic and how this compares to past recessions. As a recovering “serial entrepreneur” I’ve owned businesses during Black Monday 1987, the dot-com crash of 2000, the telco crash in 2001, and the 2008 financial Read more…