strategy

Donny Shimamoto Explains How ‘Agile’ Applies to CPA Firms

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Examine change from three standpoints: financial, technology, and people.

Donny C Shimamoto, CPA CITP IntrapriseTechKnowlogies
Shimamoto

By Jody Padar
From Success to Significance: The Radical CPA Guide

Today we’re going to ask the agility expert. Donny C. Shimamoto, CPA, CITP, CGMA, is managing director of IntrapriseTechKnowlogies LLC.

MORE ON RADICALISM: Introducing the Fifth Radical Tenet: The Business Model | The Value of New Ideas | The Radical Road to (Business) Transformation | The Radical CPA: Always Changing
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JP: Can you describe what your firm does?

DS: We help transform CPA firms in a couple of ways. One is to help them embrace the cloud in a reasonable manner. The second is to embrace new approaches to working. You could even maybe say that we help them become Radical firms.
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Introducing the Fifth Radical Tenet: The Business Model

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Businessman switching on "innovation" slider buttonSix barriers to innovation.

By Jody Padar
The Radical CPA

Many Radicals have already made the shift to pricing by value or a fixed price agreement. Yet, they are still tracking time.

MORE ON RADICALISM: The Value of New Ideas | Our Pain Points Are Opportunities | Transitioning to a Radical Firm: Bringing a Legacy Customer Along | The Four Tenets of Radical Firms: A Brief Review | The Radical CPA: Always Changing
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When we value our team on an hour, it leaves almost no time for innovation to occur. An incremental shift could be to allow for a certain number of innovation hours per week. However, once again, this is a huge limit on creating an innovative culture.
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The Value of New Ideas

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Question marks5 questions to ask.

By Jody Padar
The Radical CPA

How valuable is a new idea?

MORE ON RADICALISM: Our Pain Points Are Opportunities | Dear Midsized Firms: Yes, You Can Change | The Four Tenets of Radical Firms: A Brief Review
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This is the question every CPA is asking right now. What’s the ROI? Or as futurist Tom Hood of the Maryland Association of CPAs would say, “What’s the return of not investing?”
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Our Pain Points Are Opportunities

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"Opportunity just ahead" road sign in desert“Our cultures eat the opportunity to innovate.”

By Jody Padar
The Radical CPA

Opportunities are everywhere. As a successful business owner, you already know this. But when you look at your firm’s biggest challenges, do you see opportunities?

MORE ON RADICALISM: Dear Midsized Firms: Yes, You Can Change | The Radical Road to (Business) Transformation | Transitioning to a Radical Firm: Bringing a Legacy Customer Along | The Four Tenets of Radical Firms: A Brief Review | The Radical CPA: Always Changing
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Opportunities are always openings for innovation or change. As a firm owner, you have a choice: You can address your challenges about the changing market head on or you can just hide your head in the sand and leave them for the next generation to tackle.
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Dear Midsized Firms: Yes, You Can Change

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Why you should strive for utopia.

By Jody Padar
The Radical CPA

In a traditional firm, the partner is the center of everything – from technical knowledge to relationship management to operations.

MORE ON RADICALISM: The Radical Road to (Business) Transformation | Transitioning to a Radical Firm: Bringing a Legacy Customer Along | The Four Factors for Fixed Pricing | Target Content to Consumers, Not Industry | Social + Strategy = Success | Make the Cloud Work for You | 5 Ways to Capitalize on Trends

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And, it’s not a pretty sight.

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The Next Step for Radicals

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Hint: It’s not optional.

By Jody Padar
The Radical CPA

For Radical CPAs, this is the next step in our business model innovation: Innovation at such a high level that our fathers (and mothers) won’t even recognize our companies as CPA firms.

MORE ON RADICALISM: The Radical Road to (Business) Transformation | Transitioning to a Radical Firm: Bringing a Legacy Customer Along | The Four Tenets of Radical Firms: A Brief Review | The Radical CPA: Always Changing
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This will become more apparent as artificial intelligence (AI) takes over and accounting is truly machine-driven. A CPA will use data completely differently than he or she does today; we don’t know what we don’t know yet.
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The Radical Road to (Business) Transformation

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Man drawing yellow rocket going opposite way of many smaller white rockets“Innovation is not just a one-time business model change.”

By Jody Padar
The Radical CPA

When I wrote “The Radical CPA,” I thought that the four fundamental tenets would take us indefinitely into the future.

MORE ON RADICALISM: Transitioning to a Radical Firm: Bringing a Legacy Customer Along | The Four Tenets of Radical Firms: A Brief Review | The Radical CPA: Always Changing
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But I realize now the future demands more than that.
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Transitioning to a Radical Firm: Bringing a Legacy Customer Along

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Illustration of cloud softwareYour customers might surprise you with their willingness to update.

By Jody Padar
The Radical CPA

As you migrate your firm’s current customer base to your new way of working, you may be surprised by how your customers will adapt.

MORE ON RADICALISM: The Four Tenets of Radical Firms: A Brief Review | The Radical CPA: Always Changing
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Many of my small business customers are near world-famous locations. You may have heard of or seen the first season of the hit Netflix series, “Making a Murderer.” The murder took place outside of Sheboygan, Wisconsin, at a junkyard. It’s kind of in the middle of nowhere.
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