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What’s the ROI on That Shiny New Thing?

Innovate for the right reasons.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

Depending on your age, you may or may not remember Lotus 1-2-3. It was a hugely popular spreadsheet program back in the ’80s and early ’90s that was eventually taken over by Excel. If we had been “married” to Lotus 1-2-3 at that time, we may have gone out of business because we wouldn’t have been able to react fast enough.

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This is the world of technology today. We have to operate under the mindset that what we’re currently using may or may not be around in five years.
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Five Questions to Ask about New Tech Tools

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Be sure to loop in the people who will use them.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

Whether you purchase a one-time software license or pay for a tool on a subscription basis, the cost of software can add up quickly. It’s necessary to conduct a thorough analysis of any new software program before you decide to buy it, and you need to constantly evaluate the effectiveness of the tools you’re using.

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We have learned that we want to be sure we’re getting the most out of our software, that our tools remain the right fit for our needs and that they are cost-effective.
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Creative Perks Your Remote Employees Will Appreciate

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Stipends for tech and education? Why not?

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

In addition to the more traditional benefits, we also offer a few creative perks that I think our employees really appreciate, including an education stipend and a technology stipend.

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Education Stipend

We believe that continuing education keeps our team members sharp and ahead of the game. One of our core values is “curiosity” because we want our employees to always be thinking about how we can improve our services, become more efficient and do things better. We want people to think outside the box because we’re not a typical accounting firm, nor do we ever want to be one.
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Traditional Benefits to Offer Remote Employees

woman sitting outside with laptop and smartphone

Being stingy could cost their loyalty.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

Traditional benefits often include things that many brick-and-mortar office workers take for granted such as paid time off, health insurance and a retirement plan.

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Why do I say these are taken for granted? Well, some distributed companies may hire independent contractors to cut down on their expenses when it comes to “frivolous” things like this, but we believe in building a great place to work, and to us that means offering the kind of benefits that make employees feel secure and cared for.
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Retention Doesn’t Mean Keeping Everyone Forever

It’s OK if some people don’t work out.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

There’s a common misnomer when it comes to retention and keeping people on the team. Retention doesn’t mean keeping every single person on your team forever.

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Not only do you want to get the right people on the bus, but you also want to get those people into the right seats. We want Summit CPA to be a great place to work, and we want great people to be working here. However, we realize it may not be the right place for every person.
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