Business Strategy for CPA's

237 40 Hours Fiction


Listen Later

Learn more about PEAK FREEDOM 


*Want one piece of business strategy delivered daily to your inbox?*

Subscribe here: geraldinecarter.com/subscribe

The need to work 40 hours a week is entirely fictional.

You don’t need to work a 40-hour workweek just because that’s the standard, and because there’s a whole system, economy, business organization structure, all set up around the idea of a 40-hour workweek.

As a CPA firm owner, you can work less and you can work on your business to increase your revenue. And your revenue is not reliant on the time that you put in. Your revenue is reliant on how much value you create for your clients and how effective you are at capturing that value created with your prices.

So I want to talk about the process of getting down from an overworked state, be it 50, 60, 70 hours, or more a week, down to a 40-hour workweek and what that looks like. And then setting up to get down to a 25-hour workweek, and letting go of the appearance of safety of the conventional 40-hour workweek, and taking a fresh approach so that you can have the business that you want and have the life that you want, with your business that supports that and fits nice and neatly inside that life.

Through this process, I also worked on my thinking, because the more I could switch myself into more productive, effective thoughts, the more time I started getting back for myself.

 

Steps to get down to a 40-hour workweek:

1. Disengage 

2. Highgrade your best clients' package and price. 

3. Deal with your most pressing challenges. 

4. Organize and protect your time

5.  Work on the thoughts so that they help you get where you want to go.

 

It is absolutely possible for you to work the number of hours a week that you want to work, whether it's 40, 38, 32, 28, 24, or 18 and a half. You get to design and you get to decide what you want. And it has nothing to do with the 40-hour standard, which is fiction. You get to decide what you want. And you get to design it.

When you do this work going through this process of getting yourself down to a sane workweek and bringing in the high margin revenue that suits you, it's better for your business, it's better for your clients, and it's better for you and you your life on your one trip through space. 

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

Business Strategy for CPA'sBy Geraldine Carter

  • 5
  • 5
  • 5
  • 5
  • 5

5

43 ratings


More shows like Business Strategy for CPA's

View all
Accounting Best Practices with Steve Bragg by Steve Bragg

Accounting Best Practices with Steve Bragg

256 Listeners

The EntreLeadership Podcast by Ramsey Network

The EntreLeadership Podcast

4,361 Listeners

Entrepreneurs on Fire by John Lee Dumas of EOFire

Entrepreneurs on Fire

3,841 Listeners

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

Accountant's Flight Plan

9 Listeners

The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

The Side Hustle Show

1,586 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

73 Listeners

Main Street Business by Mark J Kohler and Mat Sorensen

Main Street Business

592 Listeners

Well-Oiled Operations with Stacy Tuschl by Stacy Tuschl

Well-Oiled Operations with Stacy Tuschl

517 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

495 Listeners

The Accounting Podcast by Blake Oliver & David Leary

The Accounting Podcast

339 Listeners

The Perfect RIA by Matthew Jarvis, CFP® & Micah Shilanski, CFP®

The Perfect RIA

455 Listeners

Small Business Tax Savings Podcast by Mike Jesowshek, CPA

Small Business Tax Savings Podcast

249 Listeners

Kitces and Carl - Real Talk for Real Financial Advisors by Michael Kitces, MSFS, MTAX, CFP and Carl Richards, CFP

Kitces and Carl - Real Talk for Real Financial Advisors

239 Listeners

Future Firm Accounting Podcast by Ryan Lazanis

Future Firm Accounting Podcast

24 Listeners

Jason On Firms Podcast by Jason Staats

Jason On Firms Podcast

54 Listeners