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In Episode #9 of GAAP Chats, Mike and Chris discuss the 150-hour education requirement for CPAs. This comes as states are considering reducing the requirement to address the shortage of accountants entering the profession. Please note that the following content is not a full transcript of the episode. For the full audio version, listen here: SIGN UP FOR OUR FREE WEBINAR!Improving Audit Quality - Get Ready for PCAOB Inspections and Peer Review!Earn Free CPE! Sign up by using the link below!https://info.gaapdynamics.com/improving-audit-quality-get-ready-for-pcaob-inspections-and-peer-reviews

In this video, you will be introduced to the concept of the Net Promoter Score.#netpromoterscore #metrics #wallstreetmojo #customerloyalty #brandvalueChapters:00:00 – Introduction01:00 – What is the net promoter score?01:48 – How does the net promoter score work?02:58 – What is a good net promoter score?03:43 – ConclusionWhat is the net promoter score?The Net Promoter Score, or NPS, is a metric that measures and quantifies customer loyalty. The metric was developed in 2003 by Fred Reichheld, a management consultant.It helps assess the probability of customers endorsing products to people they know. The underlying theory is that if a person likes a product, they will share their experience with others, which in turn would encourage them to buy the product too.How does the net promoter score work?The NPS is usually calculated on a scale of 0 to 10, and based on the ratings that the customer gives, they are categorized into three types:PromotersPassivesDetractorsBased on this, the NPS is calculated simply by subtracting the percentage of promoters from the percentage of detractors.(Explained in detail in the video)What is a good net promoter score?According to Reichheld, most companies in the US have an NPS of 10, while the best companies with the best products to offer have an NPS of 50 to 80.It should be noted, though, that the NPS is just a benchmark and may not necessarily represent how much the customers are loyal to the company.(Explained in detail in the video)This will be all for this video. Subscribe to the channel, give the video a like, and share it with others.==========================================================================Subscribe to Our Channel –Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/Twitter https://twitter.com/wallstreetmojo

Embarking on the journey of starting a business is an exhilarating prospect, filled with potential and opportunities. However, with the multitude of options available, selecting the ideal business venture can seem daunting. Yet, by employing a strategic approach that encompasses self-reflection, market analysis, feasibility assessment, and growth considerations, you can navigate the landscape with confidence and increase your chances of establishing a successful enterprise.

Link to this audiobookhttps://audiobookspodcast.com/p/B08L41LZGKAccounting Made Simple: For Small & Businesses - 4 Books in 1 Audiobook free preview is an Business & Careers,Business Development & Entrepreneurship audiobook write by Gregory OlsonAre you about to start a business, but you don't know what structure to use and what your tax duties will be once you’ve started? Or are you a good entrepreneur in your sector but you’re still struggling to understand tax logics and feel you could do much more to guarantee tax savings for your company? Taxation plays an increasingly strategic role nowadays. The success or failure of many businesses, in various sectors, is no longer only linked to the goods of the business initiative, but also closely to the tax planning. Particularly in the start-up phase, being aware of the tax logics will allow you to take a proactive role in managing the same crop at your CPA. The collaboration between professional and knowledgeable entrepreneur can be considered a real corporate asset that can lead to various advantages not only in terms of tax savings. In any case, whether you find yourself in any of these two scenarios, this priceless bundle of four books contains all you need to learn about structures, taxes, and all the tax duties that you will have to deal with, explained from the point of view of a non-accountant. It’s been developed with the intention of coping with complex and challenging issues in a very simple way that help small businessmen and individuals who want to start a business and to learn more about the right company structure they can follow, payroll, accounting, and other such issues. This is by far the ultimate beginner’s guide for entrepreneurs who want to learn how financial statements and generally accepted accounting principles work. This bundle includes four fundamental books on accounting that every entrepreneur should keep on hand. Let’s have a quick look to each of them. Here are just some of the topics that are discussed in How to Start a Small Business in #2020: The Ultimate Beginner’s Guide for Entrepreneurs: A clear, step-by-step guide on how to start a company - from business plan to marketing, scaling, and funding strategies Tools for developing a work plan and the key guidelines of business finance Association and LLC basics Info on trademarks and advertising Helpful strategies for workforce resource planning, subcontracting, and recruiting And much more! In Accounting Made Simple: The Ultimate Beginner's Guide for Entrepreneurs, you will learn: The basics of income statements and how they work Four reasons a cash flow statement is important Six steps of accounting transaction analysis Key differences between assets and liabilities All about financial ratio analysis In the third book, Accounting Principles Made Simple: The Ultimate Beginner’s Guide for Entrepreneurs, you will learn: How to take control of your company’s account All about the accounting cycle and how to close the books What GAAP is, why it was formed, and benefits that it provides And much more! And finally, in the guidebook covering the Limited Liability Company (LLC): An introduction to what LLC actually means and reviewing whether LLC is right for you The advantages and disadvantages associated with LLC Easy steps toward starting your own LLC and LLC state-specific guidelines to follow The accounting and taxes involved in this industry Reviewing whether LLC is right for you And so much more! Among all forms of companies, starting an LLC is easier, with fewer complexities, paperwork, and costs. This form of company comes with a lot of operational ease with less record keeping and compliance issues. LLCs also provide a lot of freedom in management as there is no requirement of having a board of directors, annual meetings, or maintaining strict record books. These features reduce unnecessary hassles and help save a lot of time and effort. So what are you waiting for? Start building the steps toward success today; buy this audiobook now!©2020 Gregory Olson (P)2020 Gregory Olson