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Sorry for the posting delay, but I’ve been doing lots of posting on The Learning Club’s Facebook site. You can find the posts @TravelingHomeEconomics. Let’s talk about the PA part of CPA. Public Accountant means that CPA’s are beholden to the public; we are trusted advisers. We should take that responsibility very seriously, and there should be transparency at all times. Pet Peeve #642 is when people set prices ending with 97. There is a lot of marketing advice that 97 is the new 99. If your product costs $100, marketers may tell you it’s better to price the product at $99 or $97 to make it seem like you aren’t paying as high of a price. Gas stations have always priced their gas with 9/10 after the prices. Marketers train businesses in tactics to get more customers buying. I get it, but when it relates to the accounting industry, trusted advisers have a greater responsibility to go to longer lengths to not be manipulative.
You’d never see that happening in the legal profession. I know attorneys who have outrageous hourly billing rates. Let’s say a lawyer’s rate is $600/hour. You don’t see them explaining that their hourly billing rate is $597. Accounting professionals should behave the same way. Discounting your prices means you are also discounting your value. Why should we argue with our potential clients on how valuable we are when we are discounting our own value?
When your intention is to deceive, you can’t be trusted. It’s a subtle thing, but the devil can be in the details. Accountants have to prove themselves to their clients; accountants work with very sensitive and confidential financial matters. Prudence and respect are mandates to establishing trust.
Accountants want people to be responsible with their money. Find someone to help you who is transparent in everything they do. When something doesn’t feel right, trust your gut. Most people can spot the sleazy salesman a mile away, but manipulation can take subtle forms that you might not be able to recognize. Accountants, let’s make sure we are being transparent and representing ourselves honestly.
It’s not what we do every once in awhile that matters, but the real value is what we do consistently. Just Google the morning habits of successful people, and you’ll find oodles of material on how consistent successful people are with their routines. Prioritize honesty as a value that you uphold at all times, and you will be rewarded for your transparency.
BP is one of my favorite acronyms to describe how I work. BP is short for many of my favorite things. Just to name a few: the Boy and Girl Scouts mottoes of Be Prepared my acronym for Back Pocket Skills – developing hidden skills that are ready when needed like CPR, sign language, any […]
Do you really want to know how I am? If not, please greet me with, “What are you reading?” Even if you’re experiencing the worst sore throat of your lifetime, you’ll probably answer that you are doing “fine” when asked how you are. But, unless you are reading a book with one word as a […]
WOW. I have 3 great, personal examples of customer service all very recently – 1 negative and 2 positive. I really don’t like reflecting on the negative, and so I will just say the lesson I learned as a customer of a business where I will never return. It goes a long way for businesses to acknowledge mistakes […]
Hello, learners. When asked what people want to accomplish in life, frequently the answer is, “To make a difference.” Being a math person, I know difference means subtraction in math equations. I don’t want to subtract from people’s lives; I want to ADD to people’s lives. So, let’s add. My grandfather used to call me […]
Happy Money Magic Monday, fellow learners. The money tip for this Monday is to track your spending by using 10 categories. The list is in alphabetical order except for the #1 category because SAVINGS should always be paid first. Send me an email at firstname.lastname@example.org if you’d like some ideas on how to prioritize your […]
TRUST YOUR GUT
Hello, learners. I posted on Facebook a bit ago that I couldn’t go into details but that I was having the best summer yet (I’d say ever, but you never know about the future). I started the post by saying I couldn’t go into details, but the friends kept asking me for details. So, I […]
The Learning Club’s inspiration is to increase Back Pocket Skills. These are skills you learn to enhance and better your life but that you might not need on a regular basis. So, they are in your back pocket in case you need them. For example, you may not ever have to perform CPR on someone, […]
That’s what Steve Martin said in The Jerk when he anxiously awaited to be listed in the new phone book because that meant, “Now I’m somebody!” Anyways, a new class list is in for a list of Master Classes that The Learning Club is offering in July. This is so exciting to have MATH classes […]