Today's Features

When Bad News Happens to Good Firms

Don’t go spinning out of control.

By Bruce Marcus
Professional Services Marketing 3.0

EDITOR’S NOTE: CPA Trendlines was privileged to have a long relationship with Bruce W. Marcus, who was ahead of his time in his thinking and practice in marketing for accounting. We are publishing some of the late expert’s evergreen work, which retains wisdom for the present.

Every election campaign produces, among other things, media myths and bad language. During the elections of the last two decades, the language was infected by a new myth called spin control. The phrase, which broke a speed record in becoming a cliché after the 1988 election, implies that a good media relations practitioner can control the nature and texture of a story in the press – can put the right spin on it to get the journalist to tell it the spinner’s way.

MORE: Why Accountants Should Be Nice to Journalists | When There’s a Leak in Your Firm | Eighteen Things Advertising Can Do for Your Firm | How and Why Client Service Teams Work | Manage Knowledge as a Marketing ToolSecret Marketing Formula: Get One Client at a Time | Marketing a Fixed Position in a Moving World | How to Build a Marketing Culture | Have You Planned How to Service Your New Revenue? | Why Is Change So Hard for Firms? | Why Value Pricing Works
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It’s just not so. For all that the myth implies, when it comes to the media, we propose – but others dispose. Thus it was, and thus it always shall be, so long as we have a free press.

But is the telling always accurate? No. Is it always fair? No. Sometimes, despite all of the public relations professionalism, and despite all the cooperation we may offer the media, the story comes out badly. Disaster, dispensed in the aura of a supposedly objective media, doesn’t merely strike, it reverberates.
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Client Acquisition Never Stops

nine businesspeople talking in trios at a gathering

Six ways to draw people’s interest.

By August J. Aquila
Price It Right: How to Value Accounting Services

A good marketing program never stops marketing the firm. You must always think about acquiring new clients to replace lost ones and to improve the quality of your client base. It’s a fact of life that some clients will move, go out of business, merge or even leave us for another firm.

MORE: Make Sure You Know What You Will Get from Your Marketing | Ten Questions to Refine Your Successful Marketing Plan | Four Questions for Choosing Your Marketing Audit Strategies | Four Steps to a Successful Email Marketing Campaign | Five Reasons to Implement Change Orders | Make Your Practice Better | Eleven Marketing Strategies for Smaller Firms | Five Questions for Developing Your Marketing Plan | You Only Have Four Strategies | The Damage That Traditional Fee Methods Do
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Let’s look at some basic client acquisition activities that should be part of your marketing plan. You may be asking yourself, “Which ones work?” They all do. The secret of business development is to constantly be in the marketplace because you never know when a prospect is ready to buy from you or to move from their existing accounting firm.
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Bissett Bullet: Make Good Use of the Time You Save

Today’s Bissett Bullet: “The cost of cloud-based software or automation tools is no longer prohibitive for smaller firms so if everybody is using them, how do you stand out?”

By Martin Bissett

If technology is readily available and at a cost that makes it viable for firms of any size, then what sets you and your practice apart from your competitors is the way in which you use the time that the technology saves you, to better support your clients.

Today’s To-Do:

Estimate the amount of time you save in a week in comparison to before you upgraded to your current software. How much of that time do you spend reaching out to clients just to check on them or add value?

See more Bissett Bullets here

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Business Booming, but Not as Much as Last Year

How does your firm compare?

By CPA Trendlines Research

If the early results from the CPA Trendlines 2024 Busy Season Barometer: Emerging Issues, Opportunities, and Trends hold true through April, this will be a pretty good year for the vast majority of accountants and tax practitioners – not quite as good as last year, but still, pretty good.

MORE: Busy Season Barometer Offers Clues for Better Business | Tax Practitioners Say Happy Days Are Here … Again | Brandon Hall: Firms Try to Make Too Much on Tax Prep | If Only the IRS’s Tax Pro Were Useful | ID Theft a Problem for IRS Even When It Doesn’t Exist | IRS Still Falling Short on Service | Eight Ways the IRS Can Speed Up Processing Tax Returns | Treasury IG Sees Progress at IRS | How Tax Practitioners Became Cybersecurity Risks
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Despite difficulties finding staff and professionals, 45 percent of respondents say they have increased their client list by at least 5 percent. (Last year, it was 65 percent.)

In fact, 14 percent have seen an increase of over 10 percent. Good, but not as good as last year’s 22 percent.
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How to Use ChatGPT to Create Images

If you can dream it, ChatGPT can build it.

By Sandi Leyva

ChatGPT 4.0 is enabled with computer vision, which means it can derive information from images that you input. It can also create images that you can use in your business.

Check out our courses on ChatGPT,
offered as a deep discount bundle or separately.
Webinar Schedule:
MORE ChaptGPT here

Here are just a few things I have found when using ChatGPT 4.0 for image creation:

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