Rob Nixon is a disruptor in his industry who has coached over 400 accounting firms to help them get almost $1billion in new profit. He is the author of The Perfect Firm, and bestsellers Remaining Relevant and Accounting Practices Don’t Add Up. He has spoken in front of over 175,000 accounts and been in the industry for 24 years. On this episode, he joins John to discuss what’s broken in the accounting industry, and how he teaches accountants to run their businesses better. Tune in to find out more about how to run your business by design, and not by default.
[:19] John introduces his guest for this episode — Rob Nixon.
[1:40] How did Rob get into accounting and how has that developed to where he is now?
[4:14] John uses a football analogy to illustrate Rob’s role in the industry.
[5:10] What does Rob do to teach accountants to run their businesses better?
[8:56] Rob explains why accounts should be running better businesses.
[12:48] How can accountants be providing better advice to their clients, specifically numbers-based advice?
[15:28] John and Rob discuss how accounting is like manufacturing, and how the same principles can be applied (and how the same problems can occur).
[19:29] John gives an anecdote of what happened with Financial Gravity over tax season that illustrates this problem.
[21:58] Rob stresses the importance of preparation in meeting deadlines in a timely manner.
[25:42] Most accountants tend to run their businesses by default, rather than by design. Rob highlights why this leads to messiness, and how they can redesign their businesses.
[33:14] John is using the book The Perfect Firm to redesign his company. How did Rob come up with the idea for this book?
[37:35] Learn more about Rob and his work through his website and his LinkedIn profile.