business Blogs - Posts

Making the Jump to a Service-Based CPA Work Environment
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Why your firm should consider unbundling their offerings and provide more service-based offerings.   Recently, there has been a shift in your clients’ needs. They may not realize it yet, but your CPA clients all need advisory services. Especially in times of economic hardship, small to ...
Published at Dryrun
Vertical Specific Challenges and How to Handle Them
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Using your CPA expertise to handle challenges that only come with specific verticals.  Do you know your vertical, or your niche? It can absolutely be difficult to find a common denominator amongst all your clients.  If you can narrow it down, that’s great. If not, no worries! We’ll help...
Published at Dryrun
Job Vacancy
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Bookkeeper – Full-time Position Job Overview On behalf of our Partners, we’re currently seeking Bookkeepers on a full-time basis. Your role is necessary to support the needs of our clients by collaborating with team members, keeping accounting records, verifying the procedures used for...
Published at Dryrun
Focus on cash management, not profits
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While profits are certainly nice and ultimately, are what you’ll be able to reinvest back into the business to help grow, they shouldn’t be your first priority when trying to gauge how your business is performing.  Emphasizing on profits alone will present an inaccurate picture of how your b...
Published at Dryrun
Service-based Businesses Require People Needing Services
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Service-based Businesses Require People Needing Services
Why your business should offer cash management advisory to avoid chasing new clients.  ROI Rule Number 1: Not offering cash management advisory services to your current clients will almost 100% ensure your business gets stuck in a hamster wheel effect. Meaning, you’ll be stuck following a ra...
Published at Dryrun
What if a client has less than a 90-day runway?
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Finding immediate and emergency solutions for cash flow issues. What would you do if you woke up and found out that your business has less than three months left to live?  It’s every CPAs and every business owner’s worst nightmare. When a business is running out of runway and it’s a matter o...
Published at Dryrun
How to Lose a Client in 30 Days
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How to Lose a Client in 30 Days
You already know how the story goes: a client arrives and agrees to a trial, you’re happy and thinking, “Great! Another client for my business. We’re winning all over the place lately!”, and just when you seem to be getting comfortable with them… a month later they’re GONE!  We all rem...
Published at Dryrun
What to look for in a good Cash Management Advisor
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Looking after cash flow is one of the most important ways for a company to assess the health of the business. It’s not a complicated metric but having the processes in place to accurately keep track of it is critical to everyday business. A competent cash management advisor needs the knowledge to...
Published at Dryrun
Fear of the unknown: cash flow management advisory
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Why are you not offering Cash Flow Management Advisory services at your firm?  People are looking for CPA advisors. It’s almost an undisputed fact nowadays; your clients don’t know what to do with their information and analytics, and they are going to other firms that offer advisory services...
Published at Dryrun
How to Manage Risk Through Information
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The Information Age – are we still in it or are we past it? In many ways, information is freeing. But it can also be paralyzing with so much access to data at the tip of our fingers. How can we decipher what information is relevant to our businesses and what to do about it?  […] ...
Published at Dryrun
The Crumbling House of Cards
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Lies CPAs tell themselves.  Now the title may sound a bit dramatic, but it’s not as far-fetched as you’d think.  Each time a new client walks through your door (or lights up your inbox), it’s a new opportunity to practice what you preach at your firm.  Do you regularly tell clients...
Published at Dryrun
Rewinding Cash Flow Advisory
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Why the first steps to cash flow advisory should have started 5 years ago…  Given the current economic situation due to the COVID-19 Pandemic, many businesses and partner services are scrambling to catch up on cash flow advisory.  No one knows when the world will truly recover and the e...
Published at Dryrun
Understanding the difference between Consulting, Advisory, and Implementation
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A tale of Scope Creep. When you say “consulting” something slightly different comes to mind for everyone. This is because there are different types of consultants and even the “same type of consultants” goes about their process a little differently.  Many consultants like to stay on the frin...
Published at Dryrun
How To Deliver Bad News To Your Clients
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No client wants to hear bad news, and no Certified Public Accountant (CPA) firm wants to deliver it. But there’s an art to giving clients bad news in ways that help them understand the issues at play without being intimidated by them and presenting solutions at the same time that make clients fee...
Published at Dryrun
My business’s cash flow is failing: What do I do?
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Cash flow is the life of a business. Unless you are running a tech startup that was designed to burn heavily through cash to grow as quickly as possible, the stream of money you have dictates how well the business is performing. These problems happen to small and large businesses alike. They can ...
Published at Dryrun
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