The Wize Way

Ever wondered how stepping back from your business could be the key to its growth?

Join us on an eye-opening journey with Tim Causbrook, Kristy Fairbairn, and Ed Chan, as we discuss leadership, the withdrawal process, and the importance of focusing on the work you enjoy. Our insightful conversation explores the benefits of building a business that is managed from the bottom up, creating a culture where everyone rows in the same direction.

Building the right small business team is crucial to achieving success and scalability. In our chat, we emphasize the importance of finding employees who complement your skills and passions, creating a one plus one equals five effects. We also examine the concept of 'deep and narrow teams' vs 'running flat teams' and what it means for employee retention. 

Strategic planning for business success is crucial, and we delve into the delicate balance between security and achieving goals. We discuss the need to delegate and outsource tasks to free up time for more critical endeavors and examine the impact of artificial intelligence on the industry. Stay tuned as we share valuable insights on how to maintain a positive attitude and stay competitive in the face of challenges!

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PS: Whenever you’re ready… here are the fastest 4 ways we can help you fix and grow your accounting firm:  

 1. Download our famous Wize Freedom Map for FREE - Find out the 101 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 

2. Need to hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 

3. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here

Are you struggling to break through the barrier of time constraints in your business? 

Discover the importance of self-discipline, experience, and emotional control in mastering self-leadership for personal and professional growth in our engaging conversation with Brenton Ward and Jamie Johns. We discuss how to effectively transition from working on urgent tasks to focusing on important but non-urgent ones, ultimately helping you grow your business.

Jamie shares his personal journey, revealing how listing and delegating tasks, regular meetings, and planning have significantly impacted the outcomes of his goals. Learn how daily hurdle meetings, weekly meetings, and keeping a pulse on your business's progress can cultivate a winning culture and guide you toward achieving your objectives. Don't miss this insightful episode filled with practical tips on building a business that runs without you!

________________  

PS: Whenever you’re ready… here are the fastest 4 ways we can help you fix and grow your accounting firm:  

 1. Download our famous Wize Freedom Map for FREE - Find out the 101 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 

2. Need to hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 

3. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here

Ever wondered how to transition from a hands-on business owner to a passive shareholder? Master the essential steps with the Quad Activities system! 

In this episode of The Wize Guys Podcast, Join Tim Cuasbrook and Kristy Fairbairn as they share their experiences and insights on this transformative process, and learn how to create opportunities for your staff while increasing productivity and growth.

We're excited to be joined by Kristy Fairbairn, who has successfully implemented the Quad Activities within her firm. She shares the importance of focusing on strategic tasks in Quad 2 and reveals how delegation can free up your time for the activities that truly matter. 

Don't miss out on this valuable conversation on mastering the Quad Activities and revolutionizing your business through delegation!

________________  

PS: Whenever you’re ready… here are the fastest 4 ways we can help you fix and grow your accounting firm:  

 1. Download our famous Wize Freedom Map for FREE - Find out the 101 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 

2. Need to hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 

3. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here

Episode 61: Wize Factor Chat: Leah Hall

“If I hadn't started with Wize, I wouldn't be happy exactly where I'm at right now.” 

In this episode of The Wize Guys Podcast: WizeFactorChat with one of the WizeTribe members, Leah Hall, the Founder of Player Hall.

Leah shares that she started her business in October 2005 after quitting her job and acquiring a few clients. She talks about merging with a business partner and how their different views eventually led to them going their separate ways.

Leah explains that before joining Wize, she faced challenges in her business, working long hours and handling everything herself. She desired a change and, luckily, learned about Wize through a local accountant colleague. Joining Wize allowed Leah to make progress and envision a different future for her business.

Also, Leah emphasizes the importance of learning to delegate and empowering her staff to communicate with clients.  She acknowledges that although she hasn't fully withdrawn from her business yet, she is excited about the prospect of stepping back and regaining more control over her time. 

Tune in to another inspiring episode to learn more about Leah’s success story, the importance of delegating and managing her team, and the value of support and inspiration she receives from the Wize community.

Timestamps:

0:00 - Intro

0:34 - Leah’s Wize journey

2:54 - How Wize Philosophies has helped Leah in growing their firm

7:24 - The importance of having more free time

11:08 - Listen to Leah’s Wize words

USEFUL LINKS:

• Get exclusive access to WizeHub! The ultimate business intelligence software for growing accounting firms of any size:  https://www.wizementoring.com/wizehub-offer/
• Join the WizeTribe community: https://www.facebook.com/groups/wizemastermind

GET IN TOUCH:

Website: www.wizementoring.com

Facebook: https://www.facebook.com/wizementoring/

Twitter: https://twitter.com/wizementoring

Linkedin: https://www.linkedin.com/company/wizementoring/

Instagram: https://www.instagram.com/wize.guys/?hl=en

Email: [email protected]

Download the full transcript here.

________________  

PS: Whenever you’re ready… here are the fastest 4 ways we can help you fix and grow your accounting firm:  

 1. Download our famous Wize Freedom Map for FREE - Find out the 101 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 

2. Need to hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 

3. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here

Episode 60: How to Achieve the Successful Accounting Owners’ Mindset

"The only difference between successful people and unsuccessful people is just simply the way they think.”  - Ed Chan

In this episode of The Wize Guys Podcast, Brenton Ward and Ed Chan with Wize Mentor, Michael Ferris share the best tips on how the structure and system should work for you and not you working for your accounting firm. Also, find out more about mindset shift and mentality.

Timestamps:

0:00 - Intro

0:34 - Tip #1: Ask yourself the question “Why should I be doing this?”

0:55 - Stephen Covey’s principle: ‘But if the principles work, the principles work’

1:28 - Tip #2: Look at the big picture to identify what's more important.

3:03 - Tip #3: Utilize technology through recording video training or instructions.

4:21 - Tip #4: Think the right way.

Quotations:

"Invest in your balance sheet because when you retire, you want your money to be working for you." - Ed Chan

"Where you end up in life is a consequence of the thousands and millions of decisions you make every day." - Ed Chan

USEFUL LINKS:

• Message us to learn more about how you can have a mindset shift to scale your accounting or bookkeeping business: ​​https://m.me/claudiawize/
• Download FREE eBook: The Accountant's 7-Hour Workweek Playbook

GET IN TOUCH!

Website: www.wizementoring.com

Facebook: https://www.facebook.com/wizementoring/

Twitter: https://twitter.com/wizementoring

Linkedin: https://www.linkedin.com/company/wizementoring/

Instagram: https://www.instagram.com/wize.guys/?hl=en

Email: [email protected]

Download the full transcript here.

________________  

PS: Whenever you’re ready… here are the fastest 4 ways we can help you fix and grow your accounting firm:  

 1. Download our famous Wize Freedom Map for FREE - Find out the 101 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 

2. Need to hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 

3. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here

Episode 59: Where to invest your marketing budget to find new quality clients consistently

“The aim of marketing is to reduce the need for selling.” - Prof Philip Kotler.

In this episode of The Wize Guys Podcast, Ed Chan Jamie Johns, and Thomas Sphabmixay discuss where the marketing budget should be spent to find new quality clients consistently. The mentors discussed the analogy of "building a garden that attracts butterflies and not be dependent on a butterfly catcher" and how important is to get the marketing in place to ensure a steady flow of quality clients.  

Timestamps:

0:00 - Intro

0:34 - How to scale your accounting or bookkeeping practice with marketing

2:54 - The concept of “building a garden that attracts butterflies and not be dependent on a butterfly catcher”

4:56 - The importance of getting in place to ensure a steady flow of quality clients

12:01 - Practical insights on how to implement a consistent marketing strategy

14:24 - What is the resource mix in marketing when it comes to strategy, management, and production & tips for allocating the marketing budget to attract new clients?

18:31 - How to improve and invest in the marketing activities

Quotations:

"You should be spending around investing around 5% of your turnover in marketing activities and you've gotta see it as an investment." - Ed Chan

“The biggest thing is once you start to do marketing, don't stop it.” - Jamie Johns

"Being persistent and consistent is the key. The firm has to have a good foundation so that when you go about your marketing, you're not going to be held back by your production." - Thomas Sphabmixay

USEFUL LINKS:

• Message us to get a copy of the Ultimate Guide on Measuring your Marketing ROI: ​​https://m.me/claudiawize/
• Download FREE eBook: The Accountant's 7-Hour Workweek Playbook

GET IN TOUCH!

Website: www.wizementoring.com

Facebook: https://www.facebook.com/wizementoring/

Twitter: https://twitter.com/wizementoring

Linkedin: https://www.linkedin.com/company/wizementoring/

Instagram: https://www.instagram.com/wize.guys/?hl=en

Email: [email protected]

Download the full transcript here.

________________  

PS: Whenever you’re ready… here are the fastest 4 ways we can help you fix and grow your accounting firm:  

 1. Download our famous Wize Freedom Map for FREE - Find out the 101 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 

2. Need to hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 

3. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here

Episode 58: How To Build an Extraordinary Marketing System for your Accounting Practice

“The more marketing you do, the less you need to sell.” - Ed Chan

While most of your business revenue depends directly on the strategic ideas you implement in providing your services, it also depends on your popularity as a company. 

By the company's popularity, we are not referring to just being known among your circle and acquaintances. Basically, your accounting firm needs more visibility and awareness about the services you provide. 

In this episode of The Wize Guys Podcast, Ed Chan, Tim Causbrook, and Thomas Sphabmixay discussed how Accounting business owners can build an extraordinary Marketing system to reach more leads without leaving them as a prisoner of their practice.

Timestamps:

0:00 - Intro

0:34 - The difference between marketing and sales

1:47 - Good marketing leads to great sales

4:17 - The importance of consistency and persistency

6:51 - Is partnership a good idea?

Quotations:

"Marketing is about building awareness. Building awareness of your brand and building awareness of the products that you sell." - Ed Chan

"It's not just about someone buying something from you today, but it's about building up that prospective database that potentially can buy from you in the future."  - Ed Chan

"The biggest thing is consistency with marketing. They are the absolute key because if you stop the marketing, it's so much harder to get it going." - Jamie Johns

USEFUL LINKS:

• Message us to get a copy of the Sales VS Marketing Guide: ​​https://m.me/claudiawize/
• Download FREE eBook: The Accountant's 7-Hour Workweek Playbook

GET IN TOUCH!

Website: www.wizementoring.com

Facebook: https://www.facebook.com/wizementoring/

Twitter: https://twitter.com/wizementoring

Linkedin: https://www.linkedin.com/company/wizementoring/

Instagram: https://www.instagram.com/wize.guys/?hl=en

Email: [email protected]

Download the full transcript here.

________________  

PS: Whenever you’re ready… here are the fastest 4 ways we can help you fix and grow your accounting firm:  

 1. Download our famous Wize Freedom Map for FREE - Find out the 101 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 

2. Need to hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 

3. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here

Episode 57: Let's Deep Dive into the Wize Capacity Planner

“Businesses don’t plan to fail, they fail to plan.”  - Ed Chan

In this episode of The Wize Guys Podcast, Ed Chan, Tim Causbrook, and Thomas Sphabmixay we take a comprehensive look at the Wize Capacity Planner, featuring a detailed demonstration by Wize Mentor Tim Causbrook. Tim provides valuable insights on utilizing the capacity planner to its full potential and shares key considerations for determining the optimal time to begin using it.

Timestamps:

0:00 - Intro

0:31 -The concept of having a capacity planner

1:30 - How to start using the capacity planner

5:15 - The importance of a capacity planner for production and recruitment

13:27 - Understanding the capacity planner

21:13 - How to take action

Quotations:

"If you don't get it right, then you're gonna find it really difficult to scale." - Ed Chan

"When you run flat teams, you won't be able to scale that because you're looking for this one person that can do all three things and they're very hard to find." - Ed Chan

“In using this capacity planner, there are so many hidden variables behind it as well. It goes beyond just making sure that we put in the numbers and put in the weeks that they're gonna work. There are so many elements behind the resource mix and the assumption that they are an inquiring person, to begin with.” - Thomas Sphabmixay

USEFUL LINKS:

• Message us to get a copy of Capacity Planner: ​​https://m.me/claudiawize/
• Download FREE eBook: The Accountant's 7-Hour Workweek Playbook

GET IN TOUCH!

Website: www.wizementoring.com

Facebook: https://www.facebook.com/wizementoring/

Twitter: https://twitter.com/wizementoring

Linkedin: https://www.linkedin.com/company/wizementoring/

Instagram: https://www.instagram.com/wize.guys/?hl=en

Email: [email protected]

Download the full transcript here.

________________  

PS: Whenever you’re ready… here are the fastest 4 ways we can help you fix and grow your accounting firm:  

 1. Download our famous Wize Freedom Map for FREE - Find out the 101 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 

2. Need to hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 

3. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here

Episode 56: Wize Factor Chat: Terry Chung - Factor 1


“The key thing for us is that the Wize programs enabled us to be in control but not controlling.”

In this episode of The Wize Guys Podcast: WizeFactorChat with one of the WizeTribe members, Terry Chung, the Founder, and Director of Factor 1 Accountants & Advisers

Terry is one of the first members of the Wize community. Today, he shares why David, his business partner, and him continue their journey with Wize. Then, he highlights how Wize differs from other so-called mentors in the marketplace and the value of the program as their staff joins the Wize sessions.

Factor1 has grown over the years, from just 2 staff members to now having a team of 48 in different regions of Australia. Terry credits the help and guidance they received through the Wize Philosophies for this growth.

Terry also shares how transitioning roles from the firm has impacted his life ~ as a business owner, partner, husband, and parent. By having that little bit more free time, he’s now able to do other things and make his work more purposeful and meaningful.

Tune in to another inspiring episode to learn more about Terry’s success story, the importance of finding a mentorship program that truly works, and the value of investing in yourself and your team!

Timestamps:

0:00 - Intro

0:48 - Terry’s Wize journey

8:30 - How Wize Philosophies has helped Terry in growing their firm

15:51 - The importance of having more free time

20:48 - Listen to Terry’s Wize words

USEFUL LINKS:

• Get exclusive and early bird access to WizeHub! The ultimate business intelligence software for growing accounting firms of any size:  https://www.wizementoring.com/wizehub-offer/
• Join the WizeTribe community: https://www.facebook.com/groups/wizemastermind

GET IN TOUCH!

Website: www.wizementoring.com

Facebook: https://www.facebook.com/wizementoring/

Twitter: https://twitter.com/wizementoring

Linkedin: https://www.linkedin.com/company/wizementoring/

Instagram: https://www.instagram.com/wize.guys/?hl=en

Email: [email protected]

Download the full transcript here.

________________  

PS: Whenever you’re ready… here are the fastest 4 ways we can help you fix and grow your accounting firm:  

 1. Download our famous Wize Freedom Map for FREE - Find out the 101 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 

2. Need to hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 

3. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here

Episode 55: How to up skill grad accountants and bookkeepers to intermediate/ senior level in 12 weeks flat

In this episode of The Wize Guys Podcast, Ed Chan together with Kristy Fairbairn, one of the Wize Mentors is joined by TMS Eng Sivieng, our resource speaker for this session. 

Eng shares her framework for developing staff and discusses her focus on training, as well as the challenges she has faced. The group also explores the advantages of choosing fresh graduates over junior, intermediate, and senior accountants. Tune in for valuable insights on staff development in accounting practices!

Timestamps:

0:00 - Intro

0:59 - Eng Sivieng from TMS Financial Services

2:49 - WizeMarket: Practical Training Programs for Junior & Senior Accountants 

7:30 - Understanding the framework and 4Ps

13:51 - How do find time in building a training framework 

16:46 - Tips for training your people

21:59 - Why do you prefer fresh graduates over junior, intermediate, and senior accountants?

24:06 - How to be a successful practitioner?

Quotations:

"The process doesn't take long, but the preparation station normally takes longer." - Eng Sivieng

"You really have to [empower them] because they're very smart already. You have to be able to empower them to be able to bring out their goodness and talent." - Eng Sivieng

"It's okay to not know some things. If you'd open up and you speak up, you ask, learn more, you can gain more." - Eng Sivieng

"The more confidence they build, the more competence they have." - Eng Sivieng

USEFUL LINKS:

• WizeMarket: Take your firm to the next level! https://www.wizementoring.com/wize-market/
• Download FREE eBook: The Accountant's 7-Hour Workweek Playbook

GET IN TOUCH!

Website: www.wizementoring.com

Facebook: https://www.facebook.com/wizementoring/

Twitter: https://twitter.com/wizementoring

Linkedin: https://www.linkedin.com/company/wizementoring/

Instagram: https://www.instagram.com/wize.guys/?hl=en

Email: [email protected]

Download the full transcript here.

________________  

PS: Whenever you’re ready… here are the fastest 4 ways we can help you fix and grow your accounting firm:  

 1. Download our famous Wize Freedom Map for FREE - Find out the 101 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 

2. Need to hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 

3. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here