Monthly Archives: January 2012

Your Accountant Connection

CEO relies on management accounting discipline more than tax accounting discipline

CEO Language

It’s that time of year again.  A number of my clients are ready to fire their accountant and find a new one.  Why is this a recurring event?

I’m not an accountant, but my experience tells me there are two reasons.  First, accountants speak a slightly different language than most business owners.  They speak Tax Accounting.  When it comes to the numbers, most of us speak Managerial Accounting or some other financial dialect.

Second, the business owner often fails to make his or her expectations of the accountant clear.  As a result, they do not receive the accountant’s commitment to meet those expectations (or, if they do and it’s received verbally, there is still no real understanding).

Here is a short checklist of questions to review with any firm proposing to be your accountant: Continue reading

Resolved to Grow

CEO New Year's Resolutions

My “Resolutions”

A new year is launched and they’re at it again – telling us we need to formulate our New Year’s Resolutions.  I don’t do New Year’s Resolutions (except…well… see below).  But it occurred to me that this resolution concept might be useful in dealing with the challenge of the first step in the strategic planning process – articulating your vision.

Yesterday I sent to my family members a list of my seven “resolutions” for 2012.  These were not goals – i.e., they were not specific and measurable in the manner of good business goals.  Rather, they were direction-setting commitments.  For example, number 3 was “to be increasingly creative in what I do.” Continue reading