The fifth step on The Pronto Path is Acceleration. In this episode, we walk through earning a profit that makes a meaningful positive impact for your personal freedom and lifestyle. This step sees people either succeeding or watching the wheels start to come off.
In this series, we are walking through the 9 steps of The Pronto Path. The Pronto Path is a career roadmap or framework to remove fear and doubt from the tax profession. If you're wondering how to get from where you are right now to where you want to be as an independent tax professional, this show is for you!
To learn more, comment, and for the complete show notes, visit: http://taxpronation.com/5
Resources mentioned:
Quotables:
- [26:04] “By taking care of your employees and understanding them the most, you’re automatically taking care of your clients.” —Jeff Dolan
Topics discussed:
- [02:13] How the acceleration step is like playing sports at a professional level
- [04:30] What are the characteristics of this step?
- [05:27] The hallmark of the acceleration step
- [06:27] The one thing to remind yourself everyday at this step
- [07:25] Money vs. Happiness
- [08:38] Andy’s own financial goal at the acceleration step
- [10:09] What does more money mean for you?
- [11:23] Why this step applies to employees 100%
- [12:55] The most important thing for the success of your tax business and career
- [13:53] Why intrapreneurs are critical to the business
- [15:43] What to do if you are an intrapreneur on fixed pay
- [17:10] Things to plan if you want to grow your business through intrapreneurs
- [19:00] How to attract intrapreneurs starting with the job interview
- [20:50] The epidemic in the tax industry
- [22:40] How to set expectations and have accountability with your team
- [24:26] What you have to do to slow down and plan for better HR
- [25:53] The one thing that is both your #1 opportunity and #1 pitfall that can derail you
- [26:04] “By taking care of your employees and understanding them the most, you’re automatically taking care of your clients.” —Jeff Dolan
- [26:34] Some top personality assessments you can use: StrengthsFinder.com, TheDiSCPersonalityTest.com, MyersBriggs.org, Kolbe.com
- [27:10] Lessons from thinking you understand your staff when you actually don’t
- [27:57] What’s the framework to keep communication open with your team?
- [29:37] Why understanding yourself and your staff will help you accelerate faster
- [31:03] The importance of regular 1-on-1 meetings with your team members
- [32:04] The spectrum of HR culture and what it means for small businesses
- [32:21] The key takeaway for small business HR
- [32:56] Why telling yourself, “I don’t have time for that.” is a warning signal
- [35:01] The mindset of good HR for your business as your grow
- [37:50] What about an executive assistant? Or getting admin help?
- [41:32] How to watch what you are spending as you are making more money
- [47:56] Some funny stories from Andy about his acceleration step
- [55:40] Is there a better way to tackle tax season and the acceleration step health-wise?
- [59:04] Why many tax pros at this step find mentors or consultants to help navigate
- [62:56] The last thing you want but a common thing that happens during acceleration
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Tax Pro Nation is produced by Podcast Masters
