By Hannah Hood, Joey Kinney, Summit Virtual CFO by Anders
5
33 ratings
The podcast currently has 34 episodes available.
“You have to demonstrate that you care—not only to those whom you're working for but also to the clients and customers that you work with. Every customer, every client, has to think that they are your priority.” – John Scott
The finer details of this episode:
Episode resources:
Timestamps:
Welcome and Introduction (00:00:00)
The host welcomes listeners and introduces the podcast's focus on young accounting professionals.
Finding Your Niche (00:00:23)
Discussion on how young CPAs can establish themselves as subject matter experts in their firms.
Demonstrating Interest (00:01:28)
Insights on how young professionals can show interest in their career paths.
Learning from Experience (00:02:06)
Reflecting on early career experiences and the importance of mentorship.
Taking Notes (00:03:00)
Emphasizing the necessity of taking notes during meetings to retain information.
Client Prioritization (00:04:00)
The importance of making clients feel prioritized and valued in service roles.
Being Present (00:06:10)
Discussing the significance of being fully present during client interactions.
Learning from Mistakes (00:08:00)
The value of asking questions and learning from early career mistakes.
Asking Questions (00:09:00)
Encouragement for young professionals to ask questions for better understanding.
Understanding Financial Statements (00:12:00)
The importance of analyzing financial statements for trends and insights.
Telling the Financial Story (00:13:33)
Discussing how to effectively communicate financial information to clients.
Advisory Skills (00:14:40)
Highlighting the shift from technical skills to advisory roles in accounting.
Practice and Repetition (00:14:52)
The need for practice and learning through trial and error in developing skills.
Aligning Interests with Expertise (00:16:00)
Advice on following personal interests to develop expertise in a specific area.
Constructive Debates (00:18:36)
The benefits of engaging in constructive debates to enhance understanding and perspectives.
Effective Communication with Clients (00:19:45)
Importance of understanding client communication styles to build effective relationships.
Being Available for Opportunities (00:21:11)
Encouragement for less experienced professionals to show interest and be available for new projects.
Continuous Improvement and Comfort Zone (00:22:43)
Advice on pushing oneself beyond comfort zones to progress in career and expertise.
Reading Client-Relevant Books (00:23:08)
Value of reading materials that clients engage with to enhance understanding and communication.
Demonstrating Care for Clients (00:23:50)
Emphasizing the importance of giving clients undivided attention to show genuine care.
Saying Yes to Opportunities (00:24:17)
Encouragement to accept additional responsibilities to foster career growth.
Managing Workload and Delegation (00:25:09)
Advice on assessing current tasks to allow for new opportunities without overloading.
Learning from Client Interactions (00:26:08)
The value of participating in discussions with successful business owners for professional growth.
Trust and Responsibility in Delegation (00:27:00)
Building trust through delegation and training to empower less experienced staff.
Navigating Career Advancement Conversations (00:34:26)
Strategies for discussing career advancement respectfully with partners in the firm.
Establishing Control Over Career Progression (00:35:35)
Importance of having a clear plan and goals to navigate career advancement.
Addressing Impostor Syndrome (00:37:15)
Managing fears regarding career paths and aligning expectations with supervisors.
Understanding Job Responsibilities (00:38:10)
Recognizing the differences in responsibilities at various career levels to ensure alignment.
Travel Experiences (00:39:27)
Discussion about personal travel experiences, highlighting favorite destinations and memorable moments.
Italy Trip (00:39:55)
Speaker shares insights on their recent trip to Italy, emphasizing beautiful scenery and local dining.
Travel Delays (00:41:11)
Narrative about flight delays affecting travel plans and the resulting hectic schedule.
Conference Speaking Slot (00:41:46)
Speaker discusses confusion over speaking schedule at a conference, leading to an unexpected situation.
French Air Traffic Incident (00:42:52)
Speaker reminisces about a past travel incident involving flight delays due to a strike in France.
Connecting with John (00:43:45)
Information on how listeners can reach out to John for advice and mentorship.
Book Publication (00:45:05)
Announcement of John's newly published book, "Judicial Dollars and Cents," available on Kindle.
“One thing that I love so much about this firm is that you've got the resources and the leadership to back you up when it comes to trying something new.” – Trey Meier
The finer details of this episode:
Episode resources:
Timestamps:
Welcome to the Young CPA Success Show (00:00:00)
Introduction to the podcast and its purpose for young accounting professionals.
Introduction of Guests (00:00:23)
Joey welcomes Trey Meier from Anders Recruiting and discusses their long-awaited conversation.
Firm's Growth and Culture (00:01:06)
Trey shares insights on Anders' positive changes and culture during his five years with the firm.
Recruiting Strategy Overview (00:01:43)
Discussion on Anders' strategy to enhance its reputation and attract talent beyond St. Louis.
Expanding Recruitment Efforts (00:02:29)
Trey explains outreach to more universities and early engagement with students.
Experiential vs. Campus Recruitment (00:04:44)
Differentiating the experiential side of recruiting from university outreach efforts.
Recruiting Strategies for Different Audiences (00:06:01)
Trey discusses tailored approaches for recruiting entry-level and experienced professionals.
Networking Importance (00:07:03)
Highlighting the significance of networking for young professionals at Anders.
Selling Points for Anders (00:09:44)
Trey identifies the firm’s unique culture and personal attention as key recruiting advantages.
Work-Life Balance and Flexibility (00:11:06)
Discussion on the firm's adaptation to flexible work environments and its benefits.
Personal Experience with Hybrid Work (00:12:45)
Joey shares a positive experience with Anders' hybrid work arrangements and technology.
Welcoming Environment at Anders (00:14:08)
Trey emphasizes the firm’s commitment to making all employees feel valued and welcome.
Adapting to Global Reach (00:15:11)
Exploration of how Anders is adjusting internal practices for a broader, remote workforce.
Recruiting Strategies and Brand Awareness (00:15:27)
Discussion on expanding Anders' brand recognition beyond St. Louis through marketing partnerships.
Adapting to Remote Work (00:15:59)
Exploration of maintaining firm culture and engagement with remote employees through internal events.
Learning and Pivoting (00:16:44)
Emphasis on continuous learning and adapting recruiting strategies based on what works and what doesn’t.
Family Feel at Anders (00:17:30)
Description of the supportive, family-like environment within the firm, fostering collaboration across teams.
Leadership Engagement (00:18:21)
Personal anecdote about feeling acknowledged by firm leadership, highlighting a unique company culture.
Advice for College Graduates (00:20:04)
Encouragement for college students to reach out and explore job opportunities actively.
Importance of Outreach (00:21:10)
Highlighting the necessity of direct communication with firms to understand their culture and opportunities.
Advocating for Yourself (00:24:02)
Discussion on the importance of candidates advocating for their needs during the job search process.
Interviewing the Company (00:25:03)
Encouragement for candidates to interview potential employers to ensure mutual fit.
Networking and Building Connections (00:27:02)
The significance of networking and maintaining relationships for future job opportunities.
Current Hiring Opportunities (00:28:38)
Overview of the firm's rapid growth and diverse hiring needs across multiple departments.
Engagement with Anders (00:30:00)
Encouragement for candidates to engage with the firm through social media and career pages for updates.
Introduction to Partner Stories (00:30:51)
Discussion on the success stories of new partners from non-traditional accounting backgrounds.
Opportunities in the Firm (00:31:53)
Emphasis on the vast opportunities available within the firm for various skill sets.
Referrals and Networking (00:31:56)
Importance of referrals and connecting with like-minded individuals for recruitment.
Personal Interests Outside Work (00:32:25)
Trey shares his hobbies, including sports and family activities outside of recruiting.
Sports Culture in St. Louis (00:33:30)
Conversation about St. Louis sports events and the firm’s connection to local sports.
Office Environment and Location (00:34:12)
Discussion on the firm’s modern office space and its proximity to sports venues.
Flexibility in Work Locations (00:35:03)
Overview of hybrid work options and the benefits of working from different office locations.
Engaging with Recruiters (00:36:15)
Encouragement for audience to connect with recruiters for networking and opportunities.
Contacting Trey (00:36:38)
Trey shares his availability and willingness to connect through various communication channels.
Closing Remarks (00:37:34)
Appreciation for Trey’s contributions to recruitment and the firm’s growth.
In this special episode of The Young CPA Success Show, four speakers with Halloween-themed personas—Jamie Nightmare, Hannah Hexed Hood, Adam Haunted Hale, and Joey Killing Kenny—engage in a lively draft-style discussion about their favorite Halloween movies. Jamie, the enthusiastic host, sets the stage and outlines the draft rules. Hannah humorously admits her limited horror movie experience, while Adam and Joey share their deep knowledge and personal anecdotes. The conversation is filled with playful banter and passionate debates as they each select and defend their top horror film picks, creating an engaging and entertaining Halloween-themed episode.
“I was stressed out, cranky, grouchy, and missing family events. That was the catalyst for me to figure out how to get Excel to do all the things I was doing manually.” – Jeff Lenning
The finer details of this episode:
Episode resources:
Timestamps:
Introduction to the Podcast (00:00:00)
The hosts welcome listeners to "The Young CPA Success Show" and introduce the topic of Excel skills.
Excel in Early Careers (00:00:22)
Discussion on how college education often leaves graduates unprepared for Excel demands in accounting.
Feedback from Employers (00:00:54)
Employers express concerns about the Excel skills of recent graduates and the need for better training.
Excel Training at Summit Virtual CFO (00:01:59)
Insights into how Summit Virtual CFO addresses Excel skill gaps through dedicated training resources.
Course Structure for Excel Training (00:03:19)
An overview of the comprehensive six-course Excel training designed to prepare accounting professionals.
Genesis of Excel Skills in Auditing (00:04:43)
The importance of organizing data in audits and its relation to Excel skills developed during careers.
Challenges of Legacy Workbooks (00:05:36)
Discussion on the inefficiencies of using outdated Excel workbooks and the need for improvement.
Importance of Continuous Improvement (00:06:48)
The necessity of enhancing workbooks to reduce time spent on monthly closes and improve efficiency.
Excel's Longevity in Business (00:09:57)
Exploration of why Excel remains a dominant tool in business despite advancements in technology.
Excel's Versatility Beyond Accounting (00:12:48)
Personal anecdotes on using Excel for non-business projects, showcasing its broad applicability.
Half-Marathon Training in Excel (00:14:00)
Discussion on planning personal projects like training schedules and vacations using Excel.
First Half-Marathon Experience (00:15:24)
Speaker shares their experience of completing their first half-marathon and the challenges faced.
Maintaining Training Structure (00:16:13)
Importance of having structured training plans to stay motivated and consistent in exercise routines.
Here are the extracted timestamps and their titles in chronological order:
Running Routine and Energy Boost (00:17:48)
Discussion on morning runs and their impact on daily energy levels.
Exercise and Career Structure (00:19:10)
Connecting running routines to creating structure in professional engagements.
Discipline and Goal Setting (00:20:16)
The importance of discipline, planning, and setting goals in both running and career.
Value of Preparation Over the Race (00:20:21)
Emphasizing that the real value lies in preparation, not just completing the race.
Community Support in Races (00:22:50)
Highlighting the joy and community support experienced during marathons.
Excel University Overview (00:23:59)
Introduction to Excel University and its development over the past 12 years.
CPE Credits and Practical Skills (00:26:10)
Importance of practical skills in CPE courses for CPAs.
Evolution of CPE Training (00:27:37)
Discussion on the shift from traditional CPE classes to modern, interactive formats.
Course Structure and Support (00:28:35)
Overview of the blended learning approach in Excel courses, combining videos and live support.
Future of Excel with AI Integration (00:32:47)
Predictions on how Excel will evolve with AI technologies and user support features.
Microsoft Copilot Introduction (00:34:23)
Exploration of Microsoft Copilot as a native AI tool enhancing user experience in Excel.
Running and Music Preferences (00:35:59)
Discussion about music and nature during running, highlighting personal preferences.
Engaging the Mind While Running (00:37:05)
Speakers talk about using running time to think and develop ideas.
Favorite Podcasts (00:39:13)
Introduction of the "All In" podcast as a new favorite for engaging discussions.
Excel University Resources (00:40:26)
Information about Excel University courses and a free CPE course for CPAs.
“Finding a good mentor can be hard, but it is such a big deal. My internship opened my eyes to all the possibilities the industry has to offer.” – Chayton Farlee
The finer details of this episode:
Episode resources:
Timestamps:
Introduction to the Podcast (00:00:00)
The host welcomes listeners and outlines the podcast's purpose for young accounting professionals.
Need for Content Change (00:00:23)
Joey discusses the necessity to adapt their content creation strategy, suggesting a TikTok account.
Mixed Feelings About TikTok (00:00:37)
Hannah shares her apprehensions about using TikTok while acknowledging its potential to engage younger audiences.
Old Guys at the Party (00:01:00)
Joey compares their TikTok venture to being the older alumni at a college party, emphasizing the importance of relevance.
Responsibility to the Next Generation (00:01:54)
Joey reflects on the responsibility to disseminate information for the next generation entering the accounting field.
Influence of TikTok (00:02:23)
Hannah acknowledges TikTok's influence and the importance of storytelling in reaching audiences.
Potential LinkedIn Challenge (00:03:42)
Joey anticipates a LinkedIn challenge from Producer Rob to enhance their professional networking.
Building Professional Relationships (00:04:57)
Joey discusses the significance of cultivating professional connections and shares insights from Jaden on effective networking.
Chayton Farlee's Introduction (00:06:10)
The speakers introduce Chayton Farley, an accounting student, and invite him to share his background.
Chayton's Journey into Accounting (00:06:33)
Chayton recounts his journey into accounting, emphasizing his experiences during COVID and discovering his passion for the field.
Influence of Podcasts (00:08:54)
Chayton discusses how listening to accounting podcasts helped him understand the profession beyond classroom teachings.
Rebranding the Accounting Profession (00:16:02)
Chayton advocates for rebranding accounting to highlight its value-adding aspects beyond compliance and traditional roles.
Experiences from an Internship (00:20:39)
The conversation shifts to Chayton's current internship, exploring the differences between classroom learning and practical experience.
Chayton's Internship Experience (00:20:42)
Chayton shares insights about his internship, highlighting mentorship and practical experience with tax returns and firm management software.
Understanding Operations in Accounting (00:22:29)
Discussion on the importance of operations within accounting firms, often overlooked in traditional education.
Learning About Budgeting (00:23:33)
Joey emphasizes the significance of understanding budgeting in accounting, a concept rarely taught in school.
The Value of Mentorship (00:26:07)
Hannah reflects on the importance of mentorship, sharing her positive internship experience and its impact on her career.
Networking on LinkedIn (00:27:40)
Discussion on the benefits of networking on LinkedIn, including finding mentors and job opportunities.
Building Relationships over Transactions (00:34:08)
Chayton stresses the importance of cultivating genuine relationships rather than viewing networking as a transactional process.
Professors' Role in Student Networking (00:36:19)
Chayton suggests that professors should be more active on LinkedIn to help students connect with industry professionals.
Challenges of Content Creation on TikTok (00:38:15)
Joey discusses the difficulties accountants face in creating concise, engaging content on platforms like TikTok.
The Need for Quality Content (00:41:20)
Joey expresses concerns about the quality of accounting information shared on TikTok.
Discussion on TikTok Strategy (00:42:00)
The group discusses the potential of starting a TikTok account for engaging younger audiences.
Importance of Information Dissemination (00:42:10)
Joey emphasizes the responsibility of professionals to share digestible information with students.
Daily TikTok Clips Strategy (00:43:00)
Chayton shares his goal of posting daily short clips from his podcast on TikTok.
Changing Perspectives on Accounting (00:44:57)
Chayton discusses the negative perceptions of accounting compared to consulting and tech careers.
Challenges of Additional Education Costs (00:45:39)
Joey highlights the financial burden of pursuing an extra year of education for accounting.
Tech's Impact on Accounting (00:45:48)
Joey mentions how technology has changed the accounting landscape, affecting career choices.
Content Creation Ideas for Accounting (00:46:19)
Joey suggests creating relatable content showcasing modern accounting work-life.
Perception Issues in Accounting (00:47:09)
The speakers agree on the need to change outdated perceptions of accounting careers.
Highlighting Tech and Consulting in Accounting (00:48:34)
Chayton advocates for showcasing tech integration in accounting to attract new talent.
Flexibility in Modern Accounting Jobs (00:50:02)
Joey discusses the increased flexibility and work-life balance in contemporary accounting roles.
Encouraging Student Engagement (00:53:35)
Chayton suggests reaching out to students through virtual meetings to discuss diverse accounting careers.
Importance of Early Career Engagement (00:55:02)
Joey emphasizes the need to engage students early about accounting career opportunities.
Open Dialogue Between Generations (00:56:52)
Joey calls for open communication to understand what younger generations want from their careers.
Closing Thoughts and Connections (00:57:23)
Chayton shares how listeners can connect with him for further discussions and insights.
“I had a ton of imposter syndrome coming into this. It was severe, but it's been such a bright light in my life and career, getting to have honest conversations with folks.” – Hannah Hood
“If that is something that you're interested in, do the damn thing.” – Joey Kinney
The finer details of this episode:
Episode resources:
Timestamps:
Welcome to the Young CPA Success Show (00:00:00)
Introduction to the podcast, aimed at guiding young accounting professionals in their careers.
Year in Review (00:00:22)
Discussion about the podcast's first year and the importance of recognizing team contributions.
Introducing Roxanne Raynor (00:01:50)
Roxanne shares her behind-the-scenes role and reflects on her experience with the podcast.
Rob Semos Joins the Conversation (00:02:10)
Rob introduces himself, discussing his background in video editing and his contributions to the podcast.
Hannah's Growth and Support (00:10:12)
Hannah expresses gratitude for support from her co-hosts and shares her rewarding experiences with the podcast.
Imposter Syndrome Discussion (00:11:03)
Hannah talks about overcoming imposter syndrome and the positive feedback received from listeners.
Highlighting Audience Engagement (00:11:35)
Hannah mentions reaching out to the audience for feedback and the podcast's impact on listeners.
Skills Gap in Middle Management (00:15:28)
Discussion on the skills gap in middle management and the need for solutions in the accounting industry.
Courage and Resiliency in Guests (00:18:25)
Joey highlights the courage shown by guests who take initiative to address industry challenges.
Courage to Take Action (00:19:34)
Discussion on the importance of courage in pursuing new skills and opportunities.
Soft Skills vs. Technical Skills (00:19:54)
Exploration of whether courage or skills are more crucial for career growth.
Barriers to Entry in Entrepreneurship (00:20:28)
Insights on how starting an accounting firm has become more accessible for young professionals.
The Impact of Technology on Opportunities (00:22:44)
Discussion on how technology and interconnectivity create new opportunities for young entrepreneurs.
Encouragement for Young Professionals (00:23:54)
Motivating young individuals to take advantage of the current landscape for career advancement.
Podcast Reach and Impact (00:25:13)
Reflection on the unexpected reach and impact of their podcast on listeners.
Download Statistics Reveal Success (00:26:41)
Sharing impressive download statistics and audience engagement with the podcast.
Favorite Listening Times (00:28:02)
Discussion on when listeners prefer to tune into the podcast, highlighting commute times.
Importance of the Podcast for Young Professionals (00:30:15)
Exploration of how the podcast addresses the challenges faced by young professionals in accounting.
Mentorship Reflections (00:31:27)
Hannah shares her thoughts on the importance of mentorship in career development.
The Journey and Its Lessons (00:32:52)
Discussion on how personal experiences shape the perspectives shared on the podcast.
Opportunities for Change in Accounting (00:35:08)
Encouragement to create transparency and change perceptions about the accounting profession.
Recommended Podcast Episodes (00:35:55)
Suggestions for past episodes that can benefit young professionals entering the industry.
Diversity of Perspectives in Podcast Guests (00:37:07)
Highlighting the variety of guests and perspectives shared on the show.
Celebrating One Year of the Podcast (00:38:22)
Reflection on the podcast's first anniversary and its significance.
Feeling Like a Mentor (00:39:04)
Discussion on personal feelings about mentorship and imposter syndrome.
Reflection on Growth (00:39:09)
Discussion on personal growth and opportunities gained since starting the show.
Role of a Mentor (00:39:45)
Speaker shares their desire to be a supportive figure rather than a traditional coach.
Celebrating One Year (00:40:52)
Acknowledgment of the podcast's first anniversary and its evolution from an idea to a successful show.
Gratitude for Team Support (00:41:14)
Expressions of thanks to team members who contributed to the podcast's success.
Cheers to Future Opportunities (00:41:52)
A toast to the past year and excitement for future endeavors, emphasizing camaraderie.
Career Development Opportunities (00:42:04)
Invitation for young CPAs to explore remote work opportunities and open positions.
“I want to make sure that whatever we create, it's not only conducive for my lifestyle but for my entire team.” – Jody Grunden
The finer details of this episode:
Episode resources:
Timestamps:
Welcome to the Young CPA Success Show (00:00:00)
Introduction to the podcast aimed at guiding young accounting professionals in their careers.
Changing Perceptions in Accounting (00:00:23)
Discussion about the importance of altering how the world perceives accounting.
Jody's Journey in Accounting (00:01:23)
Jody shares his background, from studying finance to discovering his passion for accounting.
Experiences in Public Accounting (00:02:35)
Jody recounts his challenging experiences in public accounting and the toll it took on him.
Transition to Corporate World (00:04:09)
Jody describes his shift from public accounting to corporate roles and initial enjoyment.
Starting an Entrepreneurial Journey (00:05:38)
Jody discusses leaving corporate life to run a small CPA firm and its challenges.
Creating Summit CFO (00:07:14)
Jody details the founding of Summit CFO, focusing on innovative practices and culture.
Changing the Way Accounting Works (00:08:42)
Jody emphasizes his goal to transform accounting practices for better work-life balance.
Pioneering New Accounting Practices (00:10:14)
Recognition of Jody as a pioneer in innovative accounting practices and culture.
Overcoming Obstacles in Accounting (00:12:01)
Discussion on turning challenges into opportunities and embracing change in the industry.
Building Team Culture (00:14:00)
The importance of intentional team culture and communication in remote work environments.
Risk and Change in Accounting (00:15:02)
Challenges accountants face with risk and change, and the need for adaptable team members.
Here are the extracted timestamps and their corresponding titles from the podcast episode transcription segment:
Going Remote: The Decision (00:15:42)
Discussion on the decision to go fully remote and initial reactions from the team.
Stand-Up Meetings and Culture (00:16:36)
Overview of stand-up meetings, starting with jokes, and fostering a collaborative culture.
Initial Resistance to Remote Work (00:17:14)
Team members express concerns about remote work; only one person agrees to the idea.
Office Renovation and Investment (00:18:32)
Details about the office renovation and the unexpected shift towards remote work.
Lessons from the Transition (00:19:17)
Reflections on the financial implications of the office renovation amidst the remote transition.
Adapting to Remote Work (00:20:03)
Gradual acceptance of remote work by team members and the eventual leasing of the office.
Listening vs. Acting (00:21:02)
Speaker discusses the importance of listening to feedback without feeling obligated to act on it.
The Entrepreneurial Spirit (00:22:16)
Exploration of the entrepreneurial mindset within the company and its impact on employee roles.
Compensation Structure and Flexibility (00:23:50)
Explanation of the compensation model that supports both ambition and security for employees.
Importance of Diverse Roles (00:27:06)
The necessity of having both ambitious and content employees for company success.
Evaluating Potential Hires (00:28:20)
Criteria for assessing candidates, including sports and teamwork experience beyond academics.
Remote Work Dynamics (00:29:46)
Discussion on the effectiveness of remote work and maintaining engagement through video calls.
Remote Work Presentation Tips (00:31:12)
Importance of professional camera presence and background during virtual interviews.
Creating Work-Life Boundaries (00:32:03)
Discussion on the necessity of having a designated workspace to separate work from personal life.
Flexibility in Remote Work (00:32:50)
Benefits of remote work include flexibility for personal emergencies and family commitments.
Task-Oriented vs. Hours-Driven Work (00:34:23)
Emphasis on productivity based on task completion rather than hours worked.
Balancing Career and Family (00:35:18)
Personal experiences of balancing a career in accounting with family responsibilities.
Company Culture and Flexibility (00:36:11)
Summit CFO’s supportive environment allows employees to prioritize family alongside work.
Personal Health Journey (00:37:15)
Speaker shares health improvements and lifestyle changes since joining Summit CFO.
Work-Life Integration (00:38:49)
Discussion on the shift from work-life balance to work-life integration for better fulfillment.
Vision for Accounting's Future (00:40:12)
Changing perceptions about accounting for clients and the industry, aiming for innovation.
AI's Impact on Accounting (00:45:58)
Predictions on how AI will transform traditional accounting roles and emphasize advisory services.
Importance of Soft Skills (00:47:40)
Highlighting the growing need for soft skills in accounting to build client relationships.
The Importance of Client Relationships (00:48:24)
Discusses a challenging client onboarding experience emphasizing the value of personal relationships in client retention.
The Power of Communication (00:48:38)
Highlights the necessity of communication skills for success in any profession, including accounting.
Curiosity in the Workplace (00:49:47)
Encourages questioning established practices to foster innovation and improve job performance.
The Cake Story Analogy (00:50:26)
Shares a humorous story illustrating the importance of understanding the reasons behind actions and practices.
Innovating Through Inquiry (00:51:14)
Explains how being curious and asking "why" can lead to better processes and innovation in the workplace.
Wrapping Up the Podcast (00:51:29)
Concludes the episode, expressing gratitude and excitement for future connections and opportunities.
Connecting with Jody (00:52:10)
Provides information on how listeners can connect with Jody and learn more about his work.
Invitation for Young CPAs (00:52:57)
Encourages young CPAs to explore career development opportunities with Summit CFO and Anders CPAs.
“Everyone in the accounting industry talks the lingo, the foreign language of accounting. We know what we're talking about. But, for our clients, most of them don’t. It’s our job to help them understand by translating our technical jargon into something simpler.” – Peter Margaritis, CSP, CPA
The finer details of this episode:
Episode resources:
Timestamps:
The importance of communication and translation (00:00:22)
Discussion on the vital role of accountants in translating technical language for business owners and the need for young accountants to develop communication skills.
Incorporating communication skills in accounting education (00:01:13)
The efforts at Oklahoma State University to include professional development workshops in the accounting curriculum to prepare students for effective communication.
Translating technical language into plain English (00:02:33)
A real-life example illustrating the consequences of failing to communicate technical accounting language to a business owner and the need for accountants to bridge this gap.
Challenges in learning storytelling skills (00:04:35)
The difficulties young accountants face in learning storytelling skills and the importance of understanding and connecting with clients on a personal level.
Starting to learn storytelling skills (00:05:57)
The suggestion to practice explaining accounting tasks to friends and family in simpler terms as a starting point for developing storytelling skills.
Tailoring the message to the audience (00:07:41)
The necessity for accountants to tailor their message to the audience, along with strategies for understanding the language of the person being communicated with.
Resistance to incorporating communication in accounting education (00:10:54)
Discussion on the resistance and challenges faced in integrating communication skills into accounting education at the university level.
Changing perceptions of accounting through storytelling (00:13:54)
The potential impact of changing the way accountants communicate about their profession to high school students to attract more individuals to the accounting field.
Impact of storytelling in changing perceptions about accounting (00:15:18)
How storytelling and sharing personal experiences in accounting can change students' perceptions about the profession and attract them to consider accounting as a career.
Building rapport with clients through language understanding (00:17:54)
The importance of understanding the language and buzzwords of different industries to build rapport with clients and connect with them on a deeper level.
Connecting with clients through personal stories (00:19:29)
The significance of finding a connection with clients through personal stories and interests, and the impact it has on building relationships.
The connection and trust-building in client relationships (00:20:07)
Importance of genuine connection for developing trust with clients, leading to better understanding and communication.
Understanding and adapting to different client personalities (00:20:59)
Discussion on using the DISC personality assessment to understand and adapt to different client personalities for effective communication.
Importance of body language in virtual communication (00:26:20)
Emphasizing the significance of turning on the camera in virtual meetings to convey engagement and avoid misinterpretations.
Flexibility and teamwork in communication (00:28:25)
Recognizing the value of complementary skill sets and adaptability in teamwork and communication.
The impact of attitude and improvisation in daily interactions (00:33:47)
Highlighting the significance of maintaining a positive attitude and being present in daily interactions, drawing parallels with improvisation techniques.
The art of consulting and understanding client needs (00:37:21)
Drawing parallels between improv skills and consulting, emphasizing the importance of understanding and adapting to client needs.
Intentional focus on present space and personal growth (00:38:13)
Recognizing the need for intentional focus on living in the present and improving current circumstances for personal growth.
The importance of preparation (00:39:19)
Discussion on the significance of overpreparing and then improvising in presentations and speeches.
The power of storytelling (00:40:15)
Exploration of Martin Luther King's improvisation during the "I have a dream" speech and the impact of storytelling on evoking emotions.
The art of public speaking (00:42:13)
The importance of overpreparation for public speaking and the ability to pivot and connect with the audience.
The impact of storytelling (00:43:15)
The value of storytelling in aligning emotions with data and making a lasting impression on clients.
The art of storytelling (00:44:30)
Discussion on the art of storytelling, including the need for stories to be true and emotional rather than just factual.
The role of emotions in decision-making (00:45:16)
The influence of emotions on decision-making and the importance of aligning emotions with data in client interactions.
Personal interests and hobbies (00:46:33)
Insight into the personal life and hobbies of Peter, including writing, biking, and stand-up comedy.
Connecting with the audience (00:50:15)
Peter's contact information and a light-hearted exchange about connecting with him outside the show.
“We want to have conversations that are meaningful, that are impactful, and I can guarantee you that we are walking away from these conversations trying to implement these in our organization and our community.” – Ayo Owodunni
The finer details of this episode:
Episode resources:
Timestamps:
Introduction (00:00:00)
Introducing the podcast and its purpose.
Importance of Inclusive Leadership (00:00:23)
Discussion about the importance of inclusive leadership and the challenges in implementing diversity, equity, and inclusion initiatives.
Challenges in Embracing Diversity and Inclusion (00:01:28)
Exploring the challenges and potential facade in companies' investment in diversity, equity, and inclusion initiatives.
The Need for Tangible Actions (00:02:11)
Emphasizing the importance of real tangible actions in building inclusive communities and infrastructure.
Commitment to Making a Difference (00:03:11)
Expressing the commitment to meaningful and impactful conversations to incite change in the organization and industry.
Leadership and Psychological Safety (00:04:09)
Discussing the importance of psychological safety and leadership at all levels in organizations.
Background of the Guest (00:07:05)
Ayo introduces himself and his expertise in management consulting and inclusive leadership.
Embracing Privilege and Inclusivity (00:10:30)
Encouraging the embrace of privilege and using it for the good of communities and emphasizing the common goals and connections among individuals.
Shifting Mindset on Diversity and Inclusion (00:13:27)
Highlighting the importance of shifting the mindset from considering diversity and inclusion as expenses to viewing them as investments and assets.
Business Case for Diversity and Inclusion (00:14:26)
Presenting business cases and studies that demonstrate the benefits of diversity, equity, and inclusion initiatives in organizations.
Building Trust and Connection (00:19:11)
Strategies for developing relationships, connecting with diverse team members, and fostering trust within the team.
Building Trust and Rapport (00:20:04)
Strategies for building trust and rapport, including asking personal questions and using personality assessments.
Importance of Emotional Intelligence (00:24:57)
Discussion on the importance of emotional intelligence in leadership and business relationships.
Empathy and Cultural Understanding (00:25:20)
The value of empathy and understanding different cultural backgrounds in leadership and management.
Fostering Relationships and Trust (00:27:21)
Anecdotes and insights on the importance of fostering relationships and trust in the workplace, including a story about cultural adaptation.
Continuous Relationship Building (00:32:09)
The need for ongoing and intentional relationship building and fostering trust in coaching and leadership.
Different Types of Coaching (00:36:10)
Exploration of on-the-spot coaching and long-term coaching, and the importance of distinguishing between the two in coaching relationships.
Developing Executive Presence (00:39:33)
Discussion on creating a plan for developing executive presence, including setting goals, identifying realities, exploring options, and planning the way forward.
Application of T-GROW Model in CPA Exam Preparation (00:43:20)
Comparison of using the T-GROW model to break down the CPA exam into manageable chunks for better success and its practical applications beyond coaching.
Personal Goal Setting Using T-GROW Model (00:44:13)
Exploration of using the T-GROW model for personal goal setting and self-coaching, emphasizing the importance of a growth mindset and accountability.
The Power of Asking the Right Questions (00:46:06)
Importance of asking the right questions as a coach, fostering collaboration, and empowering individuals to think and come up with their own ideas.
Practical Applications of T-GROW Model (00:47:02)
The effectiveness of coaching through asking questions and helping individuals own their ideas, with practical examples from coaching experiences.
Community Engagement and Personal Interests (00:50:48)
Ayo's involvement in connecting with the community, exploring diverse activities, and personal interests in reading and writing.
Book Recommendation and Leadership Insights (00:52:24)
Ayo's current reading, "Leading" by George B. Cuff, and its relevance to leadership, emphasizing the importance of asking quality questions.
Connect with Io (00:53:38)
Ayo's contact information for connecting on LinkedIn, Instagram, or visiting the website.
Closing Remarks (00:54:18)
Thanking Ayo for the insightful discussion and expressing interest in future webinars, followed by a brief advertisement for career opportunities.
"My vision is to have a boutique crypto accounting and tax firm. I want to be the premier crypto accounting firm in the U.S., maybe in the world." – Mackenzie Patel
The finer details of this episode:
Episode resources:
Timestamps:
Bold Career Decisions (00:00:23)
Hosts and guest share their boldest career decisions, including leaving the accounting industry and making a significant life change.
Transitioning Careers (00:04:09)
Joey discusses transitioning from accounting to insurance and then back to accounting, highlighting the challenges and successes of the journey.
Mackenzie Patel's Bold Leaps (00:05:49)
The hosts admire Mackenzie Patel's bold career decisions and discuss her passion for cryptocurrency and AI, inspiring others.
Early Career Challenges (00:09:26)
Mackenzie Patel shares her early career experience, including her decision to move away from the traditional path of working in a big four firm.
Discovering Career Preferences (00:12:52)
Mackenzie Patel reflects on her internships and how she realized that audit was not the right fit for her, leading her to find a better-suited role at Honeywell.
Cryptocurrency and AI Focus (00:16:07)
The hosts inquire about Mackenzie Patel's decision to focus on cryptocurrency and AI in her accounting firm, Hash Basis, and the excitement and challenges within this space.
The journey into crypto (00:16:43)
Mackenzie's transition from corporate accounting to crypto, and her passion for the industry.
Passion for accounting and crypto (00:18:09)
Mackenzie's enthusiasm for accounting and her deep dive into the crypto world.
Entrepreneurial leap into crypto accounting (00:21:33)
Mackenzie's decision to start her own crypto accounting firm and the influence of her family background.
Challenges and joys of crypto accounting (00:24:37)
The unique challenges and joys of working in the emerging field of crypto accounting.
The future of crypto and stability (00:27:56)
The potential for stability in cryptocurrency and its future as a medium of exchange.
Vision for the firm (00:30:11)
Mackenzie's vision for her boutique crypto accounting and tax firm, emphasizing a personal and end-to-end service approach.
Setting Boundaries and Family Planning (00:32:53)
Discussion about setting boundaries and planning for family while managing career growth.
Challenges of Hiring and Culture Building (00:33:25)
Mackenzie's process of hiring and the challenges faced in finding the right fit for her firm's culture.
Importance of Personality Quirks in Hiring (00:34:13)
Mackenzie's approach to hiring, focusing on understanding the essence of the person through candid conversations.
Revolutionary Business Services and Early Hires (00:35:46)
Comparison of Mackenzie's hiring challenges with the experiences of the hosts' bosses when they started their firm.
Self-awareness and Compatibility in Hiring (00:37:03)
The importance of self-awareness and compatibility in the hiring process, likened to dating.
Formatting Quirks and Attention to Detail (00:37:23)
Discussion about the importance of formatting quirks and attention to detail in the workplace.
Generational Divide: One Space or Two? (00:40:05)
Conversation about the generational divide in typing spaces and the history behind it.
Marriage Advice and Communication (00:45:46)
Advice on understanding weaknesses and communication styles in a marriage, including love languages.
Untraditional Wedding and Making Decisions for Yourself (00:48:48)
The importance of making wedding decisions for oneself and not solely to please others.
Marriage and Communication (00:49:56)
Discussion about wedding experiences and the importance of communication in relationships.
Trash TV Shows (00:51:25)
Conversation about favorite trash TV shows, including "The Bachelor," "The Bachelorette," and teen rom-coms.
Television Preferences (00:52:51)
Mackenzie's preference for anime and teen rom-coms, Joey's eclectic TV tastes, and his favorite show "The OC."
Connecting with Mackenzie (00:56:11)
Mackenzie shares her website and LinkedIn profile for listeners to connect with her.
Closing Remarks (00:56:47)
The hosts thank Mackenzie for joining the show and share information about career opportunities for young CPAs.
The podcast currently has 34 episodes available.
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