• Innovation Thought Experiment

  • Mar 29 2023
  • Length: 1 hr and 14 mins
  • Podcast

Innovation Thought Experiment

  • Summary

  • We ask the question: "What if Disney started a cloud accounting firm?"

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    Thank you to our sponsor, Avalara! Avalara’s award-winning tax automation solutions help accounting practitioners of all sizes, from sole proprietors to Top 100 firms. Avalara simplifies sales tax compliance with real-time rates, automated returns filing, registrations, tax research and automated tax solutions for specialized tax areas. We live and breathe tax so you don’t have to. Learn more at Avalara.com/Accountants.

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    • (00:00) - FF 7 : Inovation Thought Experiment
    • (00:32) - Introduction and what this episode will cover
    • (01:25) - Thank you to our sponsor, Avalara
    • (04:47) - Lets talk about innovation
    • (06:18) - Inspiration bookshelf
    • (11:28) - Quick recap of what the first 6 episodes of this series covered
    • (12:59) - Peter Drucker quote
    • (15:45) - Thank you to our sponsor, Avalara
    • (17:03) - Value increases or decreases based on where its presented
    • (25:38) - A quote on maintaining the status quo & more
    • (28:37) - How we can innovate?
    • (30:50) - Classic definition of innovation and Hector's definition
    • (33:03) - Blake's issue with innovation in the accounting profession
    • (36:43) - Reframing as a technique
    • (40:22) - Summary of innovation steps
    • (43:08) - Thought experiment: What if Disney started an accounting firm?
    • (48:53) - What would they name their firm?
    • (51:23) - What would they charge?
    • (57:14) - What would they call their employees?
    • (01:00:24) - What would they call their customers?
    • (01:04:27) - How would they deliver information? Diversity? & a few more quesitons
    • (01:10:46) - Final thoughts from Hector
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    Join the Focused Firm email list to get notified of future streams and CPE courses:
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    Get free CPE for listening to this podcast:
    https://app.earmarkcpe.com/?course_id=11d08a91-988a-4465-8e0c-e974240b637d

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    Connect with Hector Garcia, CPA:
    Website: http://hectorgarcia.com
    LinkedIn: https://www.linkedin.com/in/hectormgarciacpa/

    Connect with Blake Oliver, CPA:
    LinkedIn: https://www.linkedin.com/in/blaketoliver
    Twitter: https://twitter.com/blaketoliver/

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    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728

    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

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