Time is everything!
Accountants are some of the brightest minds out there, but it's interesting to see how they allocate their time.
It's not just some abstract concept that we can throw around like it's nothing. It's our life! So why don't accountants use their time as wisely as they invest their money?
You know who had some pretty inspiring thoughts on the matter? Steve Jobs! He gave a famous speech at Stanford University where he talked about how he used the uncertainty of time (we never know when our time on this earth will end) to fuel his motivation and inspire himself to do great things.
If you haven't seen it, you should definitely check it out: https://www.youtube.com/watch?v=UF8uR6Z6KLc
Jobs famously said, "Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose."
There's something bittersweet about that sentence. Essentially, he’s telling us to value our time like it's a precious commodity - because it is!
And that's where Renew comes in.
We believe that time is something you should treat with scarcity. When we talk to accountants about what they enjoy most about their job, most of them say that it's advising clients. But when we ask them how much of their time they actually spend doing that, it's typically only 20% or less.
So here's the thing: you need to figure out where you want to invest your time. And you need to make sure that the moves you're making are helping you make the most of that time. Your time should be spent doing things that inspire you and have a real impact. It's not just about survival - it's about achieving success!
Money can be earned and lost, but time is something you can never get back. So make sure you're using it in a way that makes you proud.
Choose success over survival and make the most of every moment you have!
If you're interested in more insights like these, consider signing up for our Renewsletter: https://www.renewgroup.com/newsletter. Alternatively, if you'd like to discuss your CPA firm's specific needs, feel free to schedule a call with us: https://www.renewgroup.com/contact.
About the Author:
Shannon Vincent has dedicated his entire career to working with accountants in various capacities. He has consulted with Top 100 firms to Sole Practitioners, helping them create sustainable and profitable businesses. A member of the California Society of CPAs, he received a Bachelor’s Degree in Economics with an emphasis in accounting from University of California, Santa Barbara, and now resides in the San Francisco Bay Area. Shannon is passionate about helping accountants better manage their time to achieve the best results into the future.
About Renew Group:
Are you tired of being on the diet but not seeing results? Most consultants to the CPA Profession do lots of talking and deal in 'fluff'. But there's no accountability and no focus on RESULTS.
At Renew, we start with your numbers. Our firms complete a Pareto for Profit analysis EVERY YEAR, set new targets to improve their profitability and then 'weigh in' regularly. We give you a roadmap to transform the profitability of your accounting firm by accessing our content, collaborating with other firms on a similar path and being held accountable by our coaching team and your peers.
Get paid what you're worth, create a better life based on a scalable business model and eliminate tax season insanity once and for all!