Thrivecast: A Podcast for Accountants - Episode #153: From Side Hustle to Success with Seth David

Episode #153: From Side Hustle to Success with Seth David

03/25/24 • 49 min

Welcome back to the Thrivecast, where we dive into the heart of what makes firms thrive. In today's episode, we're honored to host Seth David, the founder and chief nerd at Nerd Enterprises, who's here to share his unique and inspirational journey with us. Seth takes us from his former life on Wall Street to 25 years of sobriety and entrepreneurship in sunny California. This episode also spotlights the evolution of Nerd Enterprises from a side hustle to a sought-after firm and how Seth's genuine and helpful content carved out a niche on YouTube. We'll touch upon the future of accounting, the integration of AI and advisory services, and the radical transformations within the industry. Seth talks about the art of making banking fun and how his passion led him to challenge the norms within the accounting industry. We'll dissect the concept of impact over numbers as we discuss the growth of Seth's YouTube channel, breaking down why influence is more significant than subscriber count while exploring Seth's discomfort with being labeled as an ""influencer."" Join us as we dive into Seth's innovative use of AI in his business practices, where his AI assistant, Sandy, is revolutionizing the way he works. We'll hear why Seth believes in nurturing community, selflessness, and the importance of ""esteemable acts"" in both recovery and business success.

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Episode #152: Education, Technology, and the CPA Path with Dr Josh McGowan, CPA

Our special guest, Dr. Josh McGowan from Troy University, brings his wealth of knowledge as a university professor with a robust background in public accounting, teaching, and serving as a CFO. He offers insights into the professorial life and the importance of incorporating modern technology like AI into the classroom. Also, we'll glimpse into the high flex classes at Troy University, designed to adapt to various student needs. Our host, Jason Blumer, also emphasizes the critical role of mentorship and real-world experience in shaping future accountants. Meanwhile, firms are grappling with increasing salaries to combat a talent shortage and adjusting their operations to reflect the true value of their services. Their discussion will not just revolve around the figures; they’ll also tackle recent changes to the CPA exam structure, the implications of these changes for students, and career trajectories. There's a buzz about whether the 150-hour rule is serving its purpose, amidst concerns of a shrinking pool of accounting major graduates. Stay tuned, as Jason and Josh unpack these topics and much more, breaking down everything you need to know to understand the evolving landscape of the accounting profession.

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Episode #154: Reinventing the CPA Pathway with Tom Hood

Welcome back to Thrivecast, where we dive deep into the mechanics of running a firm and the trends shaping the professional landscape. In today's episode, we're excited to have Tom Hood, EVP of the AICPA and Business Learning Institute, join us to unravel the complexities surrounding the CPA profession. We tackle the hotly debated 150-hour rule for CPA exam eligibility and discuss its ten-year journey to legislative reality. As we navigate the impacts of this requirement on professional mobility and the talent pipeline, Tom sheds light on the formation of the National Pipeline Advisory Group (NPEG) by the AICPA, aiming to align the accounting world amidst varying state regulations. Our discussion leads into concerns over the profession’s outlook, from legislative challenges affecting mobility to the potential risks of an anti-licensing movement. But it's not all hurdles and high jumps; the silver lining reveals itself as we dissect the necessity for CPAs to find balance – charging fair prices, avoiding burnout, and staying ahead of technology, including AI, to thrive in their roles. Tom reminds us of the importance of asserting value and provides insights on maintaining professional standards while nurturing work-life harmony. His insight will leave you pondering on the vision of a profession empowered by AI, a discipline that continues to demand the brightest minds to innovate and evolve. So, tune in, as we reflect on these pressing issues, explore the necessary legislative landscapes, and ultimately, chart a course for a hopeful future in accounting. Talent Pipeline & Survey – National Pipeline Advisory Group https://www.accountingpipeline.org/participate/ Future of Finance – Forbes article – fits CAS Practices CFO Ongoing Evolution: From “CF-No” To “CF-Know” https://www.forbes.com/sites/forbesfinancecouncil/2023/08/23/cfo-ongoing-evolution-from-cf-no-to-cf-know/?sh=57ddf2aa2acc