Accountants and Technology:
Converging Trends + Technology =
Opportunity
IMA Meonske Conference
April 25, 2014
Why?
4/27/2014 Don Tomoff | Invenio Advisors LLC 2
Indicates Takeaway!
“It has nothing to do with the time
being right or wrong. Storms just
happen.”
Chris Murray, The Extremely Successful Sale...
“Change is
inevitable. Progress
is optional.”
Tony Robbins
4/27/2014 Don Tomoff | Invenio Advisors LLC 4
“University leadership in the United
States for the most part is unaware
that the crossroads is ahead. […] The
obvious que...
Download The Presentation
http://bit.ly/2014ima
Search @dtomoffcpa on
Twitter
#2014imapres
4/27/2014 Don Tomoff | Invenio ...
How Is Business Changing?
 Mobile – changing expectations
– Is our client service keeping up?
– Proactive or reactive?
 ...
ACCA/IMA Report Reveals Ten Key
Skills for Future CFOs
“While many of today's CFOs have taken the
usual finance stepping-s...
So what do companies look for
in a CFO?
4/27/2014 Don Tomoff | Invenio Advisors LLC 9
The following “position requirements...
CFO Position Requirements…
“Established and proven successful financial
management and expertise.”
“Process oriented; metr...
CFO Position Requirements…
“Highly developed analytical skills.”
“Ability to analyze, compare, contrast, and
synthesize in...
CFO Position Requirements…
“High technical proficiency. Highest level expertise in
Excel, Access and analysis tools is req...
CFO Position Requirements…
“Strong and broad network of professionals
across industries and markets.”
4/27/2014 Don Tomoff...
CFO Position Requirements…
“Analyze and stay abreast of the macro and
competitive environment and financial aspects
of the...
Trends…What We Need to Know?
 Mobile/Digital/Cloud
 Disruption/Innovation
 Data Analytics/Information Management
 Tran...
“In the world of the mobile mind shift, a
customer expects any desired information or
service to be available, on any appr...
The PC Slowdown…
4/27/2014 Don Tomoff | Invenio Advisors LLC 17
Did You See This Coming?
 Nest - Acquired by Google Jan 15, 2014
– $3.2 Billion
 WhatsApp – Acquired by Facebook ($19 Bi...
WhatsApp Value in Context?
 Market Cap = $19BB
 $20mm Revenues
 55 Employees (32
Developers)
 450MM Users
4/27/2014 Do...
Mobile/Digital/Cloud
4/27/2014 Don Tomoff | Invenio Advisors LLC 21
http://solutions.forrester.com
/digital-business
Mobile/Digital/Cloud
4/27/2014 Don Tomoff | Invenio Advisors LLC 22
https://www.youtube
.com/watch?v=Atp9i
bcofaM
Mobile/Digital/Cloud
4/27/2014 Don Tomoff | Invenio Advisors LLC 23
http://www.slideshare.net
/thoodcpa/digital-cpa-
staff...
Mobile/Digital/Cloud
4/27/2014 Don Tomoff | Invenio Advisors LLC 24
Harnessing The Power
of the Cloud, JOA, April
2014
htt...
Mobile/Digital/Cloud
5 Apps for CPA’s
Journal of Accountancy, April 2014
4/27/2014 Don Tomoff | Invenio Advisors LLC 25
Ok...
“You can't connect the dots looking
forward; you can only connect them
looking backwards. So you have to trust
that the do...
Disruption/Innovation
4/27/2014 Don Tomoff | Invenio Advisors LLC 27
http://www.slideshare.net/thoodcpa/how-to-grow-and-
a...
Disruption/Innovation
4/27/2014 Don Tomoff | Invenio Advisors LLC 28
State of Accounting: Can the '3rd Best Career' Surviv...
Disruption/Innovation
4/27/2014 Don Tomoff | Invenio Advisors LLC 29
2014 10 Technology
trends
http://www.pwc.com/
us/en/a...
Disruption/Innovation
4/27/2014 Don Tomoff | Invenio Advisors LLC 30
“Find something new. In addition to using your
Busine...
Disruption/Innovation
4/27/2014 Don Tomoff | Invenio Advisors LLC 31
“Mobile computing, remote computing,
social media, bi...
Disruption/Innovation
4/27/2014 Don Tomoff | Invenio Advisors LLC 32
Forget Innovation, Who Is Your Chief Disruption Offic...
Disruption/Innovation – Why?
 Why do we store files in folders?
 Why do we include a fax number in an email signature?
...
Disruption/Innovation
4/27/2014 Don Tomoff | Invenio Advisors LLC 34
http://www.businessinsider.com/the-future-
of-retail-...
“Errors using inadequate data are much less
than those using no data at all.”
Charles Babbage
DATA ANALYTICS/INFORMATION M...
Data Analytics
4/27/2014 Don Tomoff | Invenio Advisors LLC 36
“…few such professionals have reportedly been
able to catch ...
Data Analytics
4/27/2014 Don Tomoff | Invenio Advisors LLC 37
Big Data?
Just Think DATA!
Data Analytics
4/27/2014 Don Tomoff | Invenio Advisors LLC 38
The College Degrees And Skills Employers Most Want
http://ww...
Data Analytics
4/27/2014 Don Tomoff | Invenio Advisors LLC 39
Accountants? START WITH EXCEL!
Excel 2010 (Slaying Excel
Dra...
Data Analytics – Excel Tip!
4/27/2014 Don Tomoff | Invenio Advisors LLC 40
http://www.asap-utilities.com/
Data Analytics
Microsoft Access
QlikView
Tableau
4/27/2014 Don Tomoff | Invenio Advisors LLC 41
Data Analytics - QlikView
4/27/2014 Don Tomoff | Invenio Advisors LLC 42
Data Analytics - Tableau
4/27/2014 Don Tomoff | Invenio Advisors LLC 43
Info Mgmt – Mobile Dashboards
4/27/2014 Don Tomoff | Invenio Advisors LLC 44
Create A Dynamic Dashboard Using Google Docs
...
Info Mgmt – At-A-Glance
4/27/2014 Don Tomoff | Invenio Advisors LLC 45
“First comes thought; then organization
of that thought, into ideas and plans;
then transformation of those plans into
rea...
Transformation – PwC 10 Minutes
4/27/2014 Don Tomoff | Invenio Advisors LLC 47
“Many companies spend
upwards of 60% of the...
Transformation – Fixing Finance
4/27/2014 Don Tomoff | Invenio Advisors LLC 48
“This kind of work is gaining favor because...
Transformation – Why You Must
Adapt
4/27/2014 Don Tomoff | Invenio Advisors LLC 49
“The point is that new technologies are...
Transformation – Automating
Reconciliation
4/27/2014 Don Tomoff | Invenio Advisors LLC 50
The Virtues of Automating Reconc...
Transformation – Put Yourself Out
of Business
4/27/2014 Don Tomoff | Invenio Advisors LLC 51
Why You Should Put Yourself O...
Transformation – Be Willing To
Change
4/27/2014 Don Tomoff | Invenio Advisors LLC 52
The best business advice ever: Be wil...
Transformation – Be Proactive!
4/27/2014 Don Tomoff | Invenio Advisors LLC 53
Reactive CPAs Lose Clients, Survey Says
http...
CAREER MANAGEMENT
54
Career Mgmt – Digital Reputation
4/27/2014 Don Tomoff | Invenio Advisors LLC 55
“Online, just like in the real world, acti...
Career Mgmt – The Internet Is
Your Resume
4/27/2014 Don Tomoff | Invenio Advisors LLC 56
“Before anyone asks to see your r...
Career Mgmt – Be Visible
4/27/2014 Don Tomoff | Invenio Advisors LLC 57
Career Mgmt – Lucky People
4/27/2014 Don Tomoff | Invenio Advisors LLC 58
5 Things Super Lucky People Do
http://www.inc.co...
Career Mgmt - Reinvent
4/27/2014 Don Tomoff | Invenio Advisors LLC 59
“The message that comes with this new paradigm is th...
Career Mgmt – Reinvent…
4/27/2014 Don Tomoff | Invenio Advisors LLC 60
Seth's Blog: Cracking the pottery
http://sethgodin....
WRAP UP
61
All Resources - Flipboard
4/27/2014 Don Tomoff | Invenio Advisors LLC 62
Check out #IMA-KSU-2014 by Don Tomoff
http://flip...
All Resources - Excel
4/27/2014 Don Tomoff | Invenio Advisors LLC 63
Request a copy of
the Resources
Spreadsheet
Start Connecting the Dots
4/27/2014 Don Tomoff | Invenio Advisors LLC 64
But Remember…
4/27/2014 Don Tomoff | Invenio Advisors LLC 65
Questions
Contact Information:
Donald R. Tomoff, CPA, MBA
Director
Invenio Advisors LLC (Overview)
P 440-879-8632
E don@in...
Accounting Industry Disruption - Trends and Technology
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Accounting Industry Disruption - Trends and Technology

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Trends and technology are dramatically disrupting the accounting profession! This presentation, given at the IMA Meonske Conference on 4/25/14 highlights the major trends and what accountants can do about it.

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Transcript of "Accounting Industry Disruption - Trends and Technology"

  1. 1. Accountants and Technology: Converging Trends + Technology = Opportunity IMA Meonske Conference April 25, 2014
  2. 2. Why? 4/27/2014 Don Tomoff | Invenio Advisors LLC 2 Indicates Takeaway!
  3. 3. “It has nothing to do with the time being right or wrong. Storms just happen.” Chris Murray, The Extremely Successful Salesman’s Club 4/27/2014 Don Tomoff | Invenio Advisors LLC 3
  4. 4. “Change is inevitable. Progress is optional.” Tony Robbins 4/27/2014 Don Tomoff | Invenio Advisors LLC 4
  5. 5. “University leadership in the United States for the most part is unaware that the crossroads is ahead. […] The obvious question is how so many smart people could miss what seems to be an inevitable crisis?” Richard Demillo, Abelard to Apple: The Fate of American Colleges and Universities (2011) 4/27/2014 Don Tomoff | Invenio Advisors LLC 5
  6. 6. Download The Presentation http://bit.ly/2014ima Search @dtomoffcpa on Twitter #2014imapres 4/27/2014 Don Tomoff | Invenio Advisors LLC 6
  7. 7. How Is Business Changing?  Mobile – changing expectations – Is our client service keeping up? – Proactive or reactive?  Digital – Imperative now due to Mobile – Cloud, File Management, Mobile  Data Analytics (“Big Data”) and Business Intelligence – Awareness and a solid foundation of knowledge is becoming increasingly critical  Career Mgmt / Networking – Social, Information Mgmt – “the Internet is your resume…” 4/27/2014 Don Tomoff | Invenio Advisors LLC 7 How HAS Business CHANGED?
  8. 8. ACCA/IMA Report Reveals Ten Key Skills for Future CFOs “While many of today's CFOs have taken the usual finance stepping-stones toward their executive roles, they believe tomorrow's CFOs will need new experiences and key skills to meet the evolving needs of business” AccountingWeb Sep 13, 2013 Download Related PDF – The Changing Role of the CFO - ACCA 4/27/2014 Don Tomoff | Invenio Advisors LLC 8
  9. 9. So what do companies look for in a CFO? 4/27/2014 Don Tomoff | Invenio Advisors LLC 9 The following “position requirements” are excerpts from a recent public-company CFO search position description…
  10. 10. CFO Position Requirements… “Established and proven successful financial management and expertise.” “Process oriented; metrics driven.” “Vigilantly assess new avenues for process improvement in all areas including close engagement with all other functional units of the organization.” 4/27/2014 Don Tomoff | Invenio Advisors LLC 10 Technical AND Relevant
  11. 11. CFO Position Requirements… “Highly developed analytical skills.” “Ability to analyze, compare, contrast, and synthesize information in an efficient and effective manner. Ability to process data and information in an organized manner and generate ideas, recommendations, presentations, etc. is essential.” 4/27/2014 Don Tomoff | Invenio Advisors LLC 11 Analytical, ability to “synthesize”
  12. 12. CFO Position Requirements… “High technical proficiency. Highest level expertise in Excel, Access and analysis tools is required; must be leading edge in those programs. Advanced expertise in Microsoft Office Suite. ERP and financial accounting system software experience is essential.” “Obtain, manipulate and integrate data and information related to and supportive of business objectives to be integrated into strategic and tactical discussion, and data-driven decision making.” 4/27/2014 Don Tomoff | Invenio Advisors LLC 12 Strong “HOW” Knowledge!
  13. 13. CFO Position Requirements… “Strong and broad network of professionals across industries and markets.” 4/27/2014 Don Tomoff | Invenio Advisors LLC 13 Connected, demonstrated relationship building
  14. 14. CFO Position Requirements… “Analyze and stay abreast of the macro and competitive environment and financial aspects of the industry at large and the markets the company serves.” 4/27/2014 Don Tomoff | Invenio Advisors LLC 14 Big picture view, able to monitor/assess rapidly changing landscape
  15. 15. Trends…What We Need to Know?  Mobile/Digital/Cloud  Disruption/Innovation  Data Analytics/Information Management  Transformation  Career Management 4/27/2014 Don Tomoff | Invenio Advisors LLC 15
  16. 16. “In the world of the mobile mind shift, a customer expects any desired information or service to be available, on any appropriate device, in context, at their moment of need.” Forrester Research MOBILE/DIGITAL/CLOUD 16
  17. 17. The PC Slowdown… 4/27/2014 Don Tomoff | Invenio Advisors LLC 17
  18. 18. Did You See This Coming?  Nest - Acquired by Google Jan 15, 2014 – $3.2 Billion  WhatsApp – Acquired by Facebook ($19 Billion)  Twitter – Became a Public Company in Nov 2013 – Valuation of $24.4 Billion on first day  SnapChat – Google and Facebook Want to Acquire – Turned down $3+ Billion acquisition deal  NetFlix – Public Co; Valued at almost $20 Billion – Blockbuster ignored Netflix; they are out of business 4/27/2014 Don Tomoff | Invenio Advisors LLC 19
  19. 19. WhatsApp Value in Context?  Market Cap = $19BB  $20mm Revenues  55 Employees (32 Developers)  450MM Users 4/27/2014 Don Tomoff | Invenio Advisors LLC 20  Market Cap = $10BB  $5.9BB Revenues  4,875 Employees
  20. 20. Mobile/Digital/Cloud 4/27/2014 Don Tomoff | Invenio Advisors LLC 21 http://solutions.forrester.com /digital-business
  21. 21. Mobile/Digital/Cloud 4/27/2014 Don Tomoff | Invenio Advisors LLC 22 https://www.youtube .com/watch?v=Atp9i bcofaM
  22. 22. Mobile/Digital/Cloud 4/27/2014 Don Tomoff | Invenio Advisors LLC 23 http://www.slideshare.net /thoodcpa/digital-cpa- staffing-strategies-for- todays-digital-cpa
  23. 23. Mobile/Digital/Cloud 4/27/2014 Don Tomoff | Invenio Advisors LLC 24 Harnessing The Power of the Cloud, JOA, April 2014 http://www.journalofaccountan cy.com/NR/exeres/74A9AAD3- 5157-4B3A-9203- FD9ABB830D82.htm
  24. 24. Mobile/Digital/Cloud 5 Apps for CPA’s Journal of Accountancy, April 2014 4/27/2014 Don Tomoff | Invenio Advisors LLC 25 Ok, this is mine…
  25. 25. “You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something - your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.” Steve Jobs DISRUPTION/INNOVATION 26
  26. 26. Disruption/Innovation 4/27/2014 Don Tomoff | Invenio Advisors LLC 27 http://www.slideshare.net/thoodcpa/how-to-grow-and- avoid-disruption-in-2014 Slide #8 “...your job is no longer about managing the present, but inventing the future…all the time.”
  27. 27. Disruption/Innovation 4/27/2014 Don Tomoff | Invenio Advisors LLC 28 State of Accounting: Can the '3rd Best Career' Survive This Tidal Wave of Change? http://www.linkedin.com/today/post/article/20140325101256-11034884-state-of- accounting-can-the-3rd-best-career-survive-this-tidal-wave-of-change “Of these shifts, the primary driver is without question, technology. This was confirmed in the massive future research we participated in with the AICPA and the CPA Horizons 2025 Project. This project looked at the major trends and issues for the future and identified a vision, purpose and values for the future CPA. The CPA of the future will be the most trusted advisor that helps people and organizations shape their future, assuming that they can master the pace of change, specifically the changes in technology.”
  28. 28. Disruption/Innovation 4/27/2014 Don Tomoff | Invenio Advisors LLC 29 2014 10 Technology trends http://www.pwc.com/ us/en/advisory/digital -iq-survey/2014-10- technology- trends.jhtml Top Three? - Business Analytics (44%) - Socially enabled business processes (41%) - Mobile customer engagement (39%)PwC’s 2014 10 Technology Trends for Business highlights 10 technology trends that are top of mind among executives as they head into the New Year (Ranked by current investment levels).
  29. 29. Disruption/Innovation 4/27/2014 Don Tomoff | Invenio Advisors LLC 30 “Find something new. In addition to using your Business Intelligence solution to look at your internal data and improve your organization a little by little, it's necessary to monitor your marketplace. Watch your customers, see how they react to the changes you and your competitors make in your products and services. Engage with them and weigh their opinions about your product very highly…” Innovate or Die http://www.targit.com/en/blog/2014/04/analytics-for- innovation
  30. 30. Disruption/Innovation 4/27/2014 Don Tomoff | Invenio Advisors LLC 31 “Mobile computing, remote computing, social media, big data and cloud computing have enabled CPAs and others to access, use and manage information most anywhere, at any time.” AICPA Insights - Managing the Risk of Emerging Technologies http://blog.aicpa.org/2014/03/managing-the-risk-of-emerging- technologies.html
  31. 31. Disruption/Innovation 4/27/2014 Don Tomoff | Invenio Advisors LLC 32 Forget Innovation, Who Is Your Chief Disruption Officer? http://www.forbes.com/sites/patrickhanlon/2014/03/20/forget- innovation-who-is-your-chief-disruption-officer/ You don’t see what’s coming. Sometimes that’s because you can’t see what you’re seeing. Sometimes it’s just because you haven’t seen it before. And because you haven’t seen it (or because no one has explained to you what you have seen) you don’t know what it is. Our brain, after all, only identifies what it already has seen, understood, categorized.
  32. 32. Disruption/Innovation – Why?  Why do we store files in folders?  Why do we include a fax number in an email signature?  Why do we include a business address in an email signature?  Does a “manual” signature mean ink on hardcopy paper?  Why do we deliver hardcopy reports to clients?  Is it really necessary to ask for directions?  Why do we prepare account reconciliations by hand (in Excel)?  Why does the line “limited access to email” still appear in auto-responses to emails?  Why do we need to remember passwords? 4/27/2014 Don Tomoff | Invenio Advisors LLC 33
  33. 33. Disruption/Innovation 4/27/2014 Don Tomoff | Invenio Advisors LLC 34 http://www.businessinsider.com/the-future- of-retail-2014-slide-deck-sai-2014-3#-1
  34. 34. “Errors using inadequate data are much less than those using no data at all.” Charles Babbage DATA ANALYTICS/INFORMATION MGMT “It is a capital mistake to theorize before one has data.” Arthur Conan Doyle 35
  35. 35. Data Analytics 4/27/2014 Don Tomoff | Invenio Advisors LLC 36 “…few such professionals have reportedly been able to catch the wave. A big reason may be that those involved with internal and external financial reporting are limited, by training and inclination, to working with structured data – the kind that can fit readily into tables, Excel spreadsheets and, ultimately, financial statements.” Accounting’s Big Data Problem Reality is swiftly outpacing the ability of accountants to embrace Big Data. How can they catch up? http://ww2.cfo.com/management-accounting/2014/03/accountings-big-data-problem/
  36. 36. Data Analytics 4/27/2014 Don Tomoff | Invenio Advisors LLC 37 Big Data? Just Think DATA!
  37. 37. Data Analytics 4/27/2014 Don Tomoff | Invenio Advisors LLC 38 The College Degrees And Skills Employers Most Want http://www.forbes.com/sites/susanadams/2014/04/16/the-college-degrees-and- skills-employers-most-want/
  38. 38. Data Analytics 4/27/2014 Don Tomoff | Invenio Advisors LLC 39 Accountants? START WITH EXCEL! Excel 2010 (Slaying Excel Dragons) Video Series (1-53) by Don Tomoff http://flip.it/Mu85s
  39. 39. Data Analytics – Excel Tip! 4/27/2014 Don Tomoff | Invenio Advisors LLC 40 http://www.asap-utilities.com/
  40. 40. Data Analytics Microsoft Access QlikView Tableau 4/27/2014 Don Tomoff | Invenio Advisors LLC 41
  41. 41. Data Analytics - QlikView 4/27/2014 Don Tomoff | Invenio Advisors LLC 42
  42. 42. Data Analytics - Tableau 4/27/2014 Don Tomoff | Invenio Advisors LLC 43
  43. 43. Info Mgmt – Mobile Dashboards 4/27/2014 Don Tomoff | Invenio Advisors LLC 44 Create A Dynamic Dashboard Using Google Docs http://bit.ly/1piJB90
  44. 44. Info Mgmt – At-A-Glance 4/27/2014 Don Tomoff | Invenio Advisors LLC 45
  45. 45. “First comes thought; then organization of that thought, into ideas and plans; then transformation of those plans into reality. The beginning, as you will observe, is in your imagination.” Napoleon Hill TRANSFORMATION 46
  46. 46. Transformation – PwC 10 Minutes 4/27/2014 Don Tomoff | Invenio Advisors LLC 47 “Many companies spend upwards of 60% of their time just accumulating, manipulating, and validating data.” ...yet many organizations still use non-automated systems and spreadsheets to track and manage data, which inherently puts them at greater risk for mistakes. Nearly a third of companies we polled say they manage their tax documents through email, which makes it time-consuming to find the data needed when tax deadlines loom.http://www.pwc.com/en_US/us/10minutes/assets/pwc-10minutes-transforming-tax- function.pdf
  47. 47. Transformation – Fixing Finance 4/27/2014 Don Tomoff | Invenio Advisors LLC 48 “This kind of work is gaining favor because a growing number of CEOs are embracing what Professor Tom Davenport of Babson College calls “competing on analytics,” i.e., crafting strategies based on data-driven insights. Finance people, with their analytical bent and skills, are poised to play a vital role.” Fixing Finance: Work in Process - CFO http://ww2.cfo.com/management-accounting/2014/03/fixing- finance-work-process/
  48. 48. Transformation – Why You Must Adapt 4/27/2014 Don Tomoff | Invenio Advisors LLC 49 “The point is that new technologies are being developed right now that will completely change the we do business in 20 years. We don’t know exactly what they will be, but I guarantee you the face of business will change again in 20 years.” Frustrated With Changing Technology? One Reason Why You Must Adapt http://brentmkelly.com/frustrated-with-changing-technology-one-reason-why- you-must-adapt/
  49. 49. Transformation – Automating Reconciliation 4/27/2014 Don Tomoff | Invenio Advisors LLC 50 The Virtues of Automating Reconciliation http://ventanaresearch.com/blog/commentblog.aspx?id=4331 “...volumes of data are too great to make this realistically feasible, and technology provides accountants with faster and more effective means of spotting patterns and familiarizing them with the peculiarities of the company’s books.”
  50. 50. Transformation – Put Yourself Out of Business 4/27/2014 Don Tomoff | Invenio Advisors LLC 51 Why You Should Put Yourself Out of Business If You Want To Save Your Company http://www.fastcompany.com/3027000/work-smart/put-yourself-out-of-business-if-you- want-to-save-your-company “IF YOU DON’T PUT YOURSELF OUT OF BUSINESS, SOMEONE ELSE WILL. This is one of the most important pieces of advice I’ve learned in my career. With market conditions rapidly changing, companies need to constantly be disrupting their industries to stay ahead of the competition.”
  51. 51. Transformation – Be Willing To Change 4/27/2014 Don Tomoff | Invenio Advisors LLC 52 The best business advice ever: Be willing to change http://www.macpa.org/blog/3362/the best business advice ever-be willing to change “THE BEST BUSINESS ADVICE EVER: BE WILLING TO CHANGE New stuff doesn’t fit neatly into the rigid confines of our closed minds. The latest technology won’t work for us because we don’t work that way. You won’t succeed because you don’t think like us. We don’t need to change because we’re already making plenty of money.”
  52. 52. Transformation – Be Proactive! 4/27/2014 Don Tomoff | Invenio Advisors LLC 53 Reactive CPAs Lose Clients, Survey Says http://www.accountingtoday.com/news/reactive-cpas-lose-clients-survey-says-70335- 1.html “They were particularly interested in having their CPA be proactive with technology for their business (85 percent) – though only 13 percent think that their accountant is ahead of the curve on technology.”
  53. 53. CAREER MANAGEMENT 54
  54. 54. Career Mgmt – Digital Reputation 4/27/2014 Don Tomoff | Invenio Advisors LLC 55 “Online, just like in the real world, actions and words speak loudly. Unlike real life though, your digital footprints are there for anyone to find… These disparate pieces are then assembled by employers, schools, friends, lovers, enemies, and anyone and everyone who wish to learn something more about you. …whatever the reason, today these pieces construct a semblance of you and whomever sifts through your online legacy is left to their own surmise. This is too important to leave to chance. Online is the new real world. This is your life.” Hello, It's Nice to Meet you...Again: Your Digital Reputation Precedes You - Brian Solis http://www.briansolis.com/2014/02/digital-reputation-precedes/
  55. 55. Career Mgmt – The Internet Is Your Resume 4/27/2014 Don Tomoff | Invenio Advisors LLC 56 “Before anyone asks to see your resume,” she says, “they’ll undoubtedly have checked you out on the web. What others say, true and false, is visible 24/7.” The resume you create becomes almost irrelevant; a Google search of your name is essentially the resume the world has created for you. Reputation 3.0: The Internet Is Your Resume — Dorie Clark http://dorieclark.com/reputation-3-0-the-internet-is-your-resume/
  56. 56. Career Mgmt – Be Visible 4/27/2014 Don Tomoff | Invenio Advisors LLC 57
  57. 57. Career Mgmt – Lucky People 4/27/2014 Don Tomoff | Invenio Advisors LLC 58 5 Things Super Lucky People Do http://www.inc.com/kevin-daum/5-things-super-lucky-people-do.html “Connect with as many people as possible. The key to success is access to opportunity. Access comes from influence. If you're influential, people will come and bring opportunities to you.”
  58. 58. Career Mgmt - Reinvent 4/27/2014 Don Tomoff | Invenio Advisors LLC 59 “The message that comes with this new paradigm is this; if you're still sticking around the same job for more than 5-7 years, you are degrading you employability for future jobs, and potentially you are slowly limiting your knowledge base since you are not doing anything new. Today's work environment moves at the speed of technology, and you need to move with it, or risk becoming a dinosaur. Unlike tools, humans have the ability to update and redesign their usefulness. Be willing to evolve in your industry, or even into another one.” Understanding Your Value to Your Employer http://www.huffingtonpost.com/gil-laroya/understanding-your- value_b_4944325.html
  59. 59. Career Mgmt – Reinvent… 4/27/2014 Don Tomoff | Invenio Advisors LLC 60 Seth's Blog: Cracking the pottery http://sethgodin.typepad.com/seths_blog/2014/04/cracking-the-pottery.html “When you get in the habit of breaking your own pottery, it's a lot easier to ask, "what if?" If you know that it's okay to break it later, it's a lot easier to fall in love with it now.”
  60. 60. WRAP UP 61
  61. 61. All Resources - Flipboard 4/27/2014 Don Tomoff | Invenio Advisors LLC 62 Check out #IMA-KSU-2014 by Don Tomoff http://flip.it/FnsvW
  62. 62. All Resources - Excel 4/27/2014 Don Tomoff | Invenio Advisors LLC 63 Request a copy of the Resources Spreadsheet
  63. 63. Start Connecting the Dots 4/27/2014 Don Tomoff | Invenio Advisors LLC 64
  64. 64. But Remember… 4/27/2014 Don Tomoff | Invenio Advisors LLC 65
  65. 65. Questions Contact Information: Donald R. Tomoff, CPA, MBA Director Invenio Advisors LLC (Overview) P 440-879-8632 E don@invenioadvisorsllc.com Find Don on the Web 4/27/2014 66Don Tomoff | Invenio Advisors LLC

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