#NiksTips on Promotions

NiksTips on Promotions, as in when do you promote your employees? and the systems around that... Thank you to our wonderful sponsor, LiveFlow... Co-Host; Nikole Mackenzie, CPA. Niks helps agency owners save money, increase revenue, stay compliant, save time, eliminate stress, and ultimately give them the freedom to scale their recurring revenue businesses to a multimillion $ exit. What makes a good manager? What can and should you do if you want to be promoted? What are business owners factoring in when considering a promotion? Today, Scott and Niks give us a peek at how, as firm owners, they go through the process of promoting staff. 6 Let’s hear from Niks the use cases of LiveFlow at her firm and how it has helped them automate their work processes Big shoutout to LiveFlow 9 Sons of CPAs are like a box of chocolates, you never know what you’re going to get Shoutout to numbers grrrrrl 10 Start small but start big at the same time. Niks explains what this is about and how she goes about applying this in her firm Shoutout to 15Five 12 It’s really important for team members to know where they stand and to know where they need to go 15 Scott and Niks share their views on sharing your (financial) numbers (as a business) with your team Shoutout to Ashley Carroll 17 Scott and Niks question if salary should be based on employee location and how this is changing/adapting as more companies embrace remote work 19 Promotions based on tenure? 24 We discuss how business owners view promotions. What should we consider when promoting our staff? 27 Bring in people that are better than you 29 Promotions: Is it about the money or the title? 32 Scott shares insights on how staff accountability is handled at his firm Shoutout to Chris Leon, Matthew Meyer, Karbon 37 Net profit sharing vs Gross profit sharing Shoutout to Nick Sinclair, TOA Global 39 Salary being state-normalized to world-normalized Shoutout to Chad Davis 44 Communication, transparency, and metrics. What’s being factored in a promotion? 47 The nice part about having these salary ranges or just one salary for this position is you don't have to make those emotional decisions 50 The grass is always going to be greener on the other side 51 Did you know you can earn CPEs by listening to this podcast? check out Earmark Shoutout to Earmark