In recent conversations with accountants from different parts of the world, a common message emerged: they are tired, longing for vacations, and feeling overwhelmed by the work ahead.
This sentiment is understandable given the challenges that the accounting industry has faced over the past year, from the pandemic to new regulations and shifting client demands.
One observation that Shannon and Colin have made during their conversations with accountants is that the past year has accelerated timelines. Many firms are realizing that they need to take action and make changes that should have been made years ago. This could involve moving on from toxic clients or team members, rightsizing the firm, or accelerating retirement or sale dates.
While it can be challenging to make significant changes, it is essential to recognize when something is not working and take action. It is never acceptable to continue doing the same thing that is making you miserable. As James Clear, the bestselling author, recently wrote, "Many people wish they had started sooner. Almost nobody wishes they started later."
To create a better future for your firm, you must make it your number one client. Set aside time each week to work on your firm and yourself. Take ownership of your issues and have the courage to make the necessary changes. By taking care of yourself and your family, you will be better equipped to handle the challenges that come your way.
If you’re feeling overwhelmed and struggling to find fulfillment in your work, it’s time to take action. Identify what isn’t working, make changes, and prioritize your own well-being. Remember, it is never too late to start making positive changes, and you will thank yourself in the long run.
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:
Colin Dunn, a Chartered Accountant with extensive experience in the accounting industry, is passionate about helping accountants transform their firms and lives. With over 25 years dedicated to creating content for to help CPAs improve their profitability, Colin shares valuable insights into making changes to the aspects of life bogging you down. Colin believes that CPAs can create a better work-life balance by learning from past experiences and applying these insights to their firms, allowing them to spend more time with their families and pursuing hobbies and leisure interests.
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!