The CPA's are tweeting!

The Financial Accounting Standards Board and the Government Accounting Standards Board are tweeting!  This is either a sign of the apocalypse or a sign that social media is here to stay so we should all get on board. 

There are many people, usually those who are closer to retiring than to their college graduation, who feel social media is a fad or a waste of time.  There is probably no group more conservative than a bunch of accountants and if they feel tweeting has value, the rest of the world needs to consider the idea as well!  The signs certainly indicate that it is not a fad.  It can be a waste of time if you don’t have a well defined plan or strategy. 

Social media should be used to gain name recognition and brand awareness.  It can also be a great way to increase interaction with existing customers as well as potential clients.  For those of you who have been avoiding social media, there are many great articles and webinars to guide you. 

Just Google Social Media and see what you get!

Thoughts on Management and Parenting

Last week marked the bittersweet event of dropping off my (Beth's) oldest child at college. While slightly sad that I am no longer essential, I am proud to see how confidently she is managing this transition. I have been preparing her for this independence for years, gradually giving her more and more responsibility in the home: allowing her to decorate her bedroom as she saw fit (within my parameters of course), requiring that she make her own breakfast and lunch, and making sure that she knew how to cook, clean, sew, shop, arrange appointments, be organized, and most importantly, make decisions. Now is the time to let her try out her skills on her own and accept the mistakes along with the victories. My thinking is that if she was struggling and needing me too much at this moment, then I haven't done my job well as a parent.

This is not very different than the role that a good manager plays in the business setting. A good manager sets the tone, the direction, and the expectations and then allows her employees to assume more and more responsibilities. The entire purpose of having employees is to multiply the amount that can be accomplished by one person alone. Employees need to be provided with clear job descriptions and good training, and then gradually a good manager has to back off and allow the employees to try things on their own, learning from their mistakes en route to the accomplishments. Delegation can be difficult. Accepting that an approach might be different from the way you would have done it but nonetheless effective can be difficult. Both extremes, micromanaging and no managing, lead to nonproductive employees. But an effective manager develops competent employees who see the vision and help to move the company forward. Are you doing your job well as a manager?