Business Strategy for CPA's

093 Prediction: Forecasting Will Benefit Your Accounting Business


Listen Later

Get your FREE 7 Pricing Essentials for CPAs and EAs here:
https://geraldinecarter.com/7


Business owners across the country are wondering, more like, dying to know, what the impacts of COVID might be to their business, their revenue, and their cash flow. 

They want to know the best case, worst case and likely case scenarios. And they want to know the UH-OH case of how long do I have before I run out of cash. By providing simple scenarios, you can help your business-owning clients, make wiser decisions sooner.

As a CPA, you can run scenarios and be clear about the variables you use and be frank about the assumptions you've made and see what results each scenario spits out. Doing this for your clients now can be the difference between them weathering the COVID storm with some bruises or their ship totally sinking.

Even if you can't tell them exactly how things will play out, showing them what happens in these different scenarios gives them a greater sense of control over their future.

And when you provide your clients with a greater sense of control and an ability to make better informed decisions, now the value you add as a CPA goes way up.

But it’s YOUR accounting practice that has the most to gain. When you add more value, it allows you to: 

  • command much higher fees
  • let go of low-margin compliance work
  • free up time for higher impact work. 

Start by picking one client for whom you could easily run scenarios. Walk them through your thinking and be sure to include the variables they know to be important. 

Start there and you will be well on your way to offering this service more broadly to you best clients and transforming your CPA firm. 

Schedule time with Geraldine:

https://calendly.com/geraldinecarter/15min

 

Register for Free Livestream for CPAs: How to Become A High-Priced Advisor

http://shethinksbigcoaching.com/livestream

 

Download the ebook “6 Simple Steps to Double Your Revenue”

https://shethinksbigcoaching.com/download-double-your-revenue

Work with Geraldine:

Strategy Session https://shethinksbigcoaching.com/strategy-session/

1:1 Coaching https://shethinksbigcoaching.com/business-coaching/

VIP Day https://shethinksbigcoaching.com/vip-day/


Get your FREE 7 Pricing Essentials for CPAs and EAs here:
https://geraldinecarter.com/7

...more
View all episodesView all episodes
Download on the App Store

Business Strategy for CPA'sBy Geraldine Carter

  • 5
  • 5
  • 5
  • 5
  • 5

5

44 ratings


More shows like Business Strategy for CPA's

View all
Radical Personal Finance by Joshua Sheats

Radical Personal Finance

1,892 Listeners

Main Street Business by Mark J Kohler and Mat Sorensen

Main Street Business

587 Listeners

Growing Your Firm | Strategies for Accountants, CPA's, Bookkeepers , and Tax Professionals by Jetpack Workflow

Growing Your Firm | Strategies for Accountants, CPA's, Bookkeepers , and Tax Professionals

74 Listeners

Grow My Accounting Practice | Tips for Accountants, Bookkeepers and Coaches to Grow Their Business by Mike Michalowicz

Grow My Accounting Practice | Tips for Accountants, Bookkeepers and Coaches to Grow Their Business

84 Listeners

Accountant's Flight Plan by Brannon Poe; Poe Group Advisors

Accountant's Flight Plan

9 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

419 Listeners

Talking Tax by Bloomberg Tax

Talking Tax

112 Listeners

The Accounting Podcast by Blake Oliver & David Leary

The Accounting Podcast

333 Listeners

Small Business Tax Savings Podcast by Mike Jesowshek, CPA

Small Business Tax Savings Podcast

253 Listeners

The Abundant Accountant: Leads, Sales  Business Growth for Accounting, Tax and Bookkeeping Professionals by Michelle Weinstein  - The Pitch Queen, Sales Strategist

The Abundant Accountant: Leads, Sales Business Growth for Accounting, Tax and Bookkeeping Professionals

91 Listeners

Future Firm Accounting Podcast by Ryan Lazanis

Future Firm Accounting Podcast

26 Listeners

The Unique CPA by Randy Crabtree, CPA

The Unique CPA

23 Listeners

The Modern CPA Success Show by Summit Virtual CFO by Anders

The Modern CPA Success Show

9 Listeners

Jason On Firms Podcast by Jason Staats

Jason On Firms Podcast

58 Listeners

Consultants and Money by Erica Goode

Consultants and Money

60 Listeners