39 min
Finding purpose Inside the numbers with SMD Consulting & Accounting President, Sean Duncan North Texas Business Forecast
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- Entrepreneurship
Seeing how small business owners seek advice and strategies to grow their businesses, Sean reinvented himself to teach and add more value to their lives and businesses. As important as it is to prepare tax returns and keep books, he believes that educating and giving them advice has the most impact on their success.
In today’s episode of the North Texas Business Forecast, our guest, Sean Duncan will talk about how he finds his purpose in the accounting world. He will also discuss the strategies he uses to grow his business and how he handles stress to his advantage.
Sean Duncan is the Founder and President of SMD Consulting & Accounting.
They help build and preserve life-long wealth by focusing on tax reduction, financial planning, asset preservation, and investment management through the lens of strategic tax planning. SMD Consulting & Accounting combine tax, law, wealth management, and insurance services to provide a specialized family office experience.
More importantly, Sean is a dad, a husband, a handyman, and a Star Wars fan. He wears a Storm Trooper suit of armor at a charity event, wrestles with his children, caters to his wife's needs, and basically grabs things off of high shelves for everyone.
Enjoy!
This episode is brought to you by Vouris –
We’re Vouris – we’ve developed a powerful framework that allows early-stage startup companies to build stronger sales teams and hit their revenue targets.
We call it the 5 Components of Sales Effectiveness:
People Process Message Technology & Leadership Let us tell you exactly what to focus on to dramatically improve your results. We help early-stage startups hit their revenue goals and you are only one click away from more revenue.
https://hubs.ly/H0NK23j0
In This Episode
2:48 - The role of business in Sean's life
5:15 - Sean's playful moments that his kids thought were their worst
8:36 - How SMD Consulting and Accounting was born
16:37 - Why CPAs are one of the most disruptive careers
20:53 - How he retains talent within his organization
23:11 - Why marketing is a valuable component of any business
29:09 - The concept of a good business plan
33:04 - Sean's view of stress
34:58 - A common mistake among business owners
Favorite Quotes
"One of the things I say frequently there in individual consulting is nothing you spend money on should ever be an expense, nothing. Everything, when you look at a P and L, shouldn't be an investment. It should generate something of greater value than whatever that dollar amount is. It doesn't matter what it is." - Sean Duncan
"CPAs are frequently at the top five suicide divorce rates because tax season is brutal and the appreciation is low." - Sean Duncan
"When I've hired talented people that have choices, then it's my obligation to keep them filled. That's when the business pivoted, grew, and blossomed in a different way because you allow them the opportunity to be great." - Sean Duncan
"Consulting is teaching. It's positioning yourself to be that person that adds value." - Sean Duncan
"Growing is not always growing in sales. Sometimes growing is just growing in efficiency." - Sean Duncan
"Stress is always going to be there. But if you're taking on that stress and you're doing something better for yourself, your family, your clients, your business, whatever it is, it doesn't feel the same." - Sean Duncan
"Clients are best served when all the professionals are working together on their behalf and building a comprehensive plan and not just their transaction in a silo." - Sean Duncan
Connect with Sean Duncan
SMD Consulting and Accounting Website https://smdaccounting.com/
Engage with Brad Clark
LinkedIn https://www.linkedin.com/in/brad-clark-actioncoach/
ActionCOACH Website https://bradclark.actioncoach.com/
Seeing how small business owners seek advice and strategies to grow their businesses, Sean reinvented himself to teach and add more value to their lives and businesses. As important as it is to prepare tax returns and keep books, he believes that educating and giving them advice has the most impact on their success.
In today’s episode of the North Texas Business Forecast, our guest, Sean Duncan will talk about how he finds his purpose in the accounting world. He will also discuss the strategies he uses to grow his business and how he handles stress to his advantage.
Sean Duncan is the Founder and President of SMD Consulting & Accounting.
They help build and preserve life-long wealth by focusing on tax reduction, financial planning, asset preservation, and investment management through the lens of strategic tax planning. SMD Consulting & Accounting combine tax, law, wealth management, and insurance services to provide a specialized family office experience.
More importantly, Sean is a dad, a husband, a handyman, and a Star Wars fan. He wears a Storm Trooper suit of armor at a charity event, wrestles with his children, caters to his wife's needs, and basically grabs things off of high shelves for everyone.
Enjoy!
This episode is brought to you by Vouris –
We’re Vouris – we’ve developed a powerful framework that allows early-stage startup companies to build stronger sales teams and hit their revenue targets.
We call it the 5 Components of Sales Effectiveness:
People Process Message Technology & Leadership Let us tell you exactly what to focus on to dramatically improve your results. We help early-stage startups hit their revenue goals and you are only one click away from more revenue.
https://hubs.ly/H0NK23j0
In This Episode
2:48 - The role of business in Sean's life
5:15 - Sean's playful moments that his kids thought were their worst
8:36 - How SMD Consulting and Accounting was born
16:37 - Why CPAs are one of the most disruptive careers
20:53 - How he retains talent within his organization
23:11 - Why marketing is a valuable component of any business
29:09 - The concept of a good business plan
33:04 - Sean's view of stress
34:58 - A common mistake among business owners
Favorite Quotes
"One of the things I say frequently there in individual consulting is nothing you spend money on should ever be an expense, nothing. Everything, when you look at a P and L, shouldn't be an investment. It should generate something of greater value than whatever that dollar amount is. It doesn't matter what it is." - Sean Duncan
"CPAs are frequently at the top five suicide divorce rates because tax season is brutal and the appreciation is low." - Sean Duncan
"When I've hired talented people that have choices, then it's my obligation to keep them filled. That's when the business pivoted, grew, and blossomed in a different way because you allow them the opportunity to be great." - Sean Duncan
"Consulting is teaching. It's positioning yourself to be that person that adds value." - Sean Duncan
"Growing is not always growing in sales. Sometimes growing is just growing in efficiency." - Sean Duncan
"Stress is always going to be there. But if you're taking on that stress and you're doing something better for yourself, your family, your clients, your business, whatever it is, it doesn't feel the same." - Sean Duncan
"Clients are best served when all the professionals are working together on their behalf and building a comprehensive plan and not just their transaction in a silo." - Sean Duncan
Connect with Sean Duncan
SMD Consulting and Accounting Website https://smdaccounting.com/
Engage with Brad Clark
LinkedIn https://www.linkedin.com/in/brad-clark-actioncoach/
ActionCOACH Website https://bradclark.actioncoach.com/
39 min