Thrivecast: A Podcast for Accountants Episode #162: Modern Leadership in Accounting with Brett Kelly
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Dec 23, 2024 Brett Kelly, the founder and CEO of Kelly Partners Group, discusses modern leadership and innovative strategies in accounting. He highlights the shift towards bottom-up leadership, emphasizing the alignment of business practices with core values. The conversation explores the growing importance of long-term vision over short-term gains, and how transformative leadership can unlock potential in teams. Brett also addresses the need for a people-oriented approach, advocating for dignity in the accounting profession and the power of storytelling to enhance its impact.
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Building a Better Firm
- Accounting firms are good businesses, but often poorly managed compared to companies like Apple or Microsoft.
- Focusing on a better environment for employees, clients, and communities with a clear vision improves firm performance.
Mission vs. Mercenaries
- Private equity lacks a mission, values, and vision, relying solely on financial metrics and exit strategies.
- Firms prioritizing people, clients, and communities offer a more soulful approach.
Australian Private Equity Failures
- Three large private equity-backed firms in Australia listed on the stock exchange; two went bankrupt, and one was taken private.
- Focus Financial in the US, a roll-up of financial advisors, followed a similar path.