The Fuller Brush Man provides an example of the basics of a business that should not be overlooked.
$22 Water?
Heads You Win, Tails I Lose
Entrepreneurship: Psychology vs. Accounting
Challenge Long-Standing Beliefs
State of the Industry
Today's revenue growth for the accounting industry has yet to reach the double-digit rates seen in years leading up to the Great Recession. The industry’s average growth rate dropped to lows of 1.4% and 1.7% in 2009 and 2010, respectively. Although these growth figures have risen, organic firm growth has hit a plateau and merger activity is down, according to the Rosenberg MAP Survey.
Accounting Industry's Secret Sauce, Featured in "Accounting Today"
Get Off the Clock with Fixed-Fee Pricing
Since the early 1900s, accountants have generally been charging their clients by the hour. Hourly billing, however, does not benefit your business. This "cost to serve" pricing model rewards CPAs for billing more hours, not less. Such practices offer no incentive for CPAs to improve efficiency, project management, or effective decision making - hallmarks of outstanding service.