Innovation Thought Experiment

We ask the question: "What if Disney started a cloud accounting firm?"-----------------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.-----------------(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 -----------------Join the Focused Firm email list to get notified of future streams and CPE courses:https://go.earmarkcpe.com/the-focused-firm-----------------Get free CPE for listening to this podcast:https://app.earmarkcpe.com/?course_id=11d08a91-988a-4465-8e0c-e974240b637d-----------------Connect with Hector Garcia, CPA:Website: http://hectorgarcia.comLinkedIn: https://www.linkedin.com/in/hectormgarciacpa/Connect with Blake Oliver, CPA:LinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/-----------------Download the Earmark CPE App:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app