Define success on your termsDefine success on your terms

What is success? Too many accounting professionals fail to prepare for their future. That’s like putting your destiny into someone else’s hands. Two critical elements for your success are definition and clarity. Imagine possessing a focused, single-minded intention about your success. How would you define success on your terms?

Connect your destiny to your chief aim, your purpose, to help define your meaning of success. My client, Stacy, transitioned from a bookkeeping position with a law firm to her own multi six figure accounting firm. Her mission was to make a difference for her clients; helping attorneys strengthen their cash flow and trust accounting. What’s impressive is that she accomplished this in less than 5 years.

How to measure success

How do you measure success?” she wondered. Her vision became her resource. From that she defined three specific, and highly personal, components.

  1. Building a business without sacrificing her personal life
  2. Supporting her family, financially and emotionally.
  3. Generously giving back to the community, primarily by tithing to inspiration instead of need.

Stacy’s definition of success is personally meaningful.

She no longer wanted to earn good money, but feel tied to her accounting practice.  We discussed how lack of preparation, fear of losing clients and accepting the status quo have impacted her business.

Stacy was prepared to stick it out and finally take charge of her firm. She witnessed other accounting professionals quit too soon. Defining success on her terms caused her to step up. No matter what, she wouldn’t end up wondering “what if?

Design your date with destiny

Define what success means for your #accounting firm on your terms instead of someone else’s. Read full post. #getpaidwhatyoureworth Click To Tweet

Don’t wait another moment. Schedule time in your calendar. Use it to define success on your terms instead of someone else’s. Imagine how your life would change. Ready for the first step? Then, clearly define your purpose.

Approach this as if you are building a house. Draft a blueprint outlining your ideal accounting practice. Building with a plan reduces chaos, creates direction and minimizes costly distractions. You’ll enjoy predictable, not haphazard, results.

Create your success blueprint:

  • Craft your vision. Take charge of your destiny with this step.
  • Challenges. Describe the milestones you’ll achieve. These are your stepping stones.
  • Classes, training and resources. Identify the gaps now in order to build a solid accounting practice.
  • Client attraction strategy. Decide how potential high value clients will discover you.
  • Collaborate with your dream team. Figure out who else will support your efforts.

Let’s return to the building model. Without order, workers get in each other’s way. Materials and resources end up scattered. The builder’s vision of the finished house differs from the home owners, resulting in frustration. Ineffective use of time and effort. This leads to money leaks and lowering the bottom line.

How to measure success

How would you define success on your terms?

Why would you approach your accounting firm any differently? Take charge of your business. Develop a business blueprint which maps out all the details. This is where you step up as the general contractor so you can predictably measure success. Your team wants you to define success for them. Identify the specialists, coaches, support staff and family who add their expertise.

Napoleon Hill, from The Law of Success, states, If success depends upon power, and if power is organized effort, and if the first step in the direction of organization is a definite purpose, then one may easily see why such a purpose is essential.

Discover the hidden benefits

Defining success on your terms is your competitive advantage. Describing your vision and then creating your ideal success blueprint gets your team on the same page as you.

The success of your #accounting firm doesn’t happen in a vacuum. This means you don’t have to do it all yourself. Read full post. #getpaidwhatyoureworth Click To Tweet

Discover these underlying, hidden benefits to a well crafted vision.

  • Clarity, focus and direction.
  • Confidence gained as you achieve each milestone.
  • Maintain your course because you eliminated your fears.
  • Advance your business with decisive actions.
  • Develop supportive partnerships and alliances.

Your dream teamSuccess doesn’t happen in a vacuum. This means you don’t have to do it all yourself. Identify the people who believe in your vision. Surround yourself with people who will lift you up, even during your doubtful moments. Then when you realize you’re veering away from your blueprint, it’ll be easier to course correct and re-align with your purpose.

Choose your dream team

The right team will help you overcome all limitations. Team up with people who buy into your vision and possess the solution to your challenges. Carefully consider who you want on your dream team, then act with conviction. Ask yourself, “what is success for you?” Then define success on your terms to strategically tip the odds in your favor.

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