Show Summary
In today's episode of the Grow My Accounting Practice Podcast, Tim Thompson delves into common misconceptions about taxes within Profit First Circles. He addresses the skepticism often heard from prospects, such as disbelief in their reported income or reluctance to accept their tax obligations. Tim offers insights on navigating these challenges and emphasizes the importance of professional support in implementing Profit First strategies, especially when accountants are resistant to the approach.
Tim also tackles the perception of accounting services as commodities and explores strategies to differentiate and add value. He provides valuable perspectives on proving the naysayers wrong and establishing a unique position in the market. Additionally, Tim shares his "Nasty" approach to business and its effectiveness in driving growth and profitability.
Looking ahead, Tim discusses the future direction of his business, highlighting upcoming initiatives and areas of focus. He offers glimpses into his vision for expansion and development, showcasing his commitment to continuous improvement and innovation in serving clients. Tune in to gain valuable insights from Tim's experiences and expertise in navigating the complexities of the accounting industry.
Website:
www.timthompsoncpa.com
Facebook:
https://www.facebook.com/mydfwcpa
Twitter:
https://www.twitter.com/mdfwcpa
Youtube:
https://www.youtube.com/@mydfwcpa
Corporate Partner:
Rhamy Alejeal: People Processes - Partnership with Profit First Professionals
RJon Robins: Profit First For Lawyers
Mike Milan: Cash Flow On The Go!
Crista Grasso: Simplifying How You Scale Your Business
Stacy Tuschl: How to Create Efficient Remote Teams
Michelle Grecni: Avoiding Burnout and Staying Motivated
Patty Block: How The Broken Cookie Effect® Is Blocking Your Growth
Kelley Brubaker: Reframing Sales Calls With Great Success
Annette de Lancey: Using Profit First to Bring Clarity to Manufacturing Companies
Kasey Anton: Helping Restaurant Owners to be More Intentional and Profitable
Wally Malesh: Applying Profit First to the Real Estate Team Business Space
David Steininger: Self-Employment Sidekick
David Furth: The Value of Automating Your Financial and Accounting Processes
Shweta Patel: Women's Health and Wellness
Christina Springstead: Doing It Scared
Melissa Morris: Is Your Overwhelm an Ops Issue?
Mike Milan: Cash Flow Strategies
Fady Hawatmeh: Being a CFO
Stevyn Guinnip: Health and Wealth
Hilary Hendershott: The Profits Pyramid
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