All CPA’s need to build a new Advisory Business.
Expand your Revenue Stream with GrowthWheel
The GrowthWheel Advisory Platform helps CPA’s, to build or expand the current business of ad hoc business advice into a structured revenue generating activity beyond the accounting season.
The GrowthWheel Advisory Platform helps CPA’s, to build or expand the current business of ad hoc business advice into a structured revenue generating activity beyond the accounting season.
As the technology is marching on, most accountants are considering alternative revenue models, as bookkeeping, budgeting and other basic accounting processes are getting automated.
Expanding or developing a consulting business is a natural path to take because of 3 reasons:
CPA’s are already their client companies most trusted advisors. This position gives accounting companies the ideal starting position to offer clients additional consulting services.
It is a natural business transition which has already taken place in the accounting worlds “Big 4” who for years have developed consulting services for their large scale corporate accounts, and now smaller accounting companies are doing the same.
There now platforms available which makes it easier for accountants to make this transition than ever before. The best of these platforms include business tools, training programs and software that make it easy to launch this added business model.
Now the time is ripe for many accounting firms to travel this path and start supporting small and medium sized companies with business challenges like these:
Create an Attractive Business Concepts
Build Strong Organizations
Develop Customer Relations
Maintain Profitable Operations
New Territory
To many accountants, that might be new territory, or outside the comfort zone of working with factual analytics and reporting.
With GrowthWheel as a partner you will get the training, systems and tools needed to also be a professional when it comes to facilitating client decision- making about taking the numbers in the annual P&L to the next level.
A New Business Model for CPA’s
With GrowthWheel there are several new revenue models for CPA’s to choose between:
The investment in GrowthWheel and the min. 5x return
To start using GrowthWheel CPA’s pay a Certification Fee and a monthly Licence Fee to use the GrowthWheel Toolbox and the Online Platform with an unlimited number of clients.
The Certification Fee is a one time fee (see price sheet) which includes life-time recertification and free optional add-on training on a monthly basis.
The License Fee is equivalent to the price of just a few hours of consulting, and the prospect for the accounting firm engaging with GrowthWheel should be a return on investment of at least 500%.
Charge additional hours at same or different rate
Charge a monthly fee for services and online access to GrowthWheel Online
Charge for packages of business tools for clients
Charge for on-site or online workshops based on the GrowthWheel Client Workshop Program.
A World Wide Proven Concept since 2008
GrowthWheel is a worldwide recognized visual tool designed for business advisors to help entrepreneurs make decisions and take action.
GrowthWheel International Inc. was founded in Copenhagen, Denmark in 2005 by serial entrepreneur David Madié.
In 2008 GrowthWheel started training and certifying business advisors, who discovered the visual and simple GrowthWheel Toolbox and realized the potential for using it in 1:1 advisory sessions with client companies and for workshops.
Today we have offices in Denmark, Norway, USA, Canada and South Africa.
GrowthWheel has trained and certified more than 3,500+ business advisors, incubator managers, business angels and entrepreneurship educators in 49 states in the US and in 64 countries around the world.
With a GrowthWheel Certification Course* and an Annual Subscription** you will be ready to offer hourly advice, supported by literally hundreds of tools and the GrowthWheel Methodology, at you own hourly rate.
You will be able to offer your clients a GrowthWheel On-line subscriptions and certification courses, and split the revenue with us.
*(Single user fee: 4000 USD),
**(Single user fee: 250 USD/Month)
A FULL LICENSE
A license for GrowthWheel includes the following rights and services:
Online access to all GrowthWheel tools in hardcopies and writable PDF-format.
Unlimited free client accounts.
Monthly updates with new and updated tools and software based on your suggestions for changes and additions.
Rights to unlimited access to download and share with clients all tools on the platform as well as giving a free account on GrowthWheel Online for all clients or students you are personally working with.
Marketing materials for website.
License to use our graphics for promotion.
Training programs.
Online access.
Quarterly updates.
Unlimited use.
The GrowthWheel Certification Program
The 6 Steps of a Business Advisors Workflow
The GrowthWheel Certification program has been developed since 2008.
More than 3,400 business advisors in 49 US states and 63 countries have completed the training and used the cloud-based advisory platform, GrowthWheel Online, to manage their clients relations and offer clients the option for self-service.
The Certification Course guides participants through a learning journey through the 6 business processes that makes up an advisory business.
The training will enable each accounting firm to design its own unique way to deliver the value to clients from this process and get the skills to operate the processes using the cloud-based GrowthWheel Online Advisory System.
An Example…
You may, for a start, find 10 clients who are well-suited as your first clients for your new consulting service.
Each client might want to run 5 x 1-hour sessions of counseling from you.
Before the session the client prepares, on GrowthWheel Online, a Business Profile with all the information you need before initiating the 5-session program.
A series of sessions could be:
1st session:
Setting up your account and review of the Business Profile
2nd session:
Getting Focus with the GrowthWheel 360° Screening
3rd session:
Setting Ambitions and Smart Goals with the GrowthWheel Scoreboard
4th session:
Make a 30-60-90 Day Action Plan
5’th session:
Decision Making and Execution
All you need to become an Advisor...
We are proud to assist so many first class business advisors, in their efforts to create such a huge impact around The World.
We continuously strive to build competence, trust and value for our advisors and their clients.
To us a first rank business advisor is trusted by the clients, understands all aspects of the business, focuses on the most important decisions, and leaves the client with clear actionable steps after every meeting.
To achieve that we offer our advisors and their organisations 3 components
Use GrowthWheel to consistently work on your clients businesses.
Track their progress and your impact will grow like you’ve never seen before.
A certification program.
You can choose different ways to take your certification.
Live Online, OnDemand or On Location.
No matter which one you choose you will be a confident user and can start using GrowthWheel Online with all your clients from day one.
Includes the following activities and services:
Monthly OnTrack Webinars which offer further professional development
Life-long free and optional re-certification
All training content available on the GrowthWheel eAcademy online platform.
Coaching calls
Support
An extensive toolbox
Being certified and having a license enables you to offer an array of tools for your clients to work on their businesses. It also provides you with tools to manage your relations with your clients.
Hundreds of Decision Sheets
Business Profile
GrowthPlan
Financial Overview
Budget
Analytics
CRM
Geomaps
Interactions
A cloud based platform
On GrowthWheel Online, business advisors can invite clients to the platform and offer them a free account so they can work with digital tools to build their business.
Clients get a better experience because they have the option of both self-service and personal engagement with their advisors.
Retain your dialogue by letting your clients work on their Business Profile, building up their Company Fact Book, and by tracking their results.
7 Habits that will make you the best advisor you can be...
Take a 360° View on the Business
To know the root cause of a client’s problems or which key decisions will take them to the next level, use the fast 360° scan of the business.
The best business advisors take a holistic view on a business before they give advice.
Be organised and become more Productive
Many business advisors interact with 50 to 100 client companies a year. Each of them require special attention. Use the build in CRM to keep track of all your interactions.
The best business advisors constantly produce more outcome with less effort and retain their business.
Build Consistency and Quality
throughout the Organization.
Client companies build trust in an advisor when they experience quality and consistency throughout the organization. The certification program ensures consistency in your organisation, and the consistent use of The GrowthWheel will build consistency in your clients' businesses.
The best business advisors build a quality brand around themselves and their team.
Focus on Key Decisions and Execute
At any given time every business has 100 decisions it could be working on, but some of these decisions are better left for another day. Help your client create their GrowthPlan.
The best business advisors focus on a few key decisions and to execute these first.
Always Conclude with Action Steps
Entrepreneurs want actions that immediately move them forward.
Help your clients make decisions that lead to taking action with on-line tools and planning features.
The best business advisors are action-oriented and always conclude each session with a list of next steps.
Give Each Client a Custom Experience
All businesses in all industries in all life-stages and of all sizes have the same basic challenges. The solutions, however, are not the same. Select from more than hundred categorized decision sheets, supported by frameworks and articles.
The best business advisors provide the most helpful tools for each client.
Track Client Progress
Business owners are easily distracted. Retain your business by holding your client accountable for decisions made, and help them build their Business Profile and Fact Book.
The best business advisors know they need to help keep clients on track.
How you can advertise for customers...
We offer a pre-made and tested website for you to use in your sales.
Either by embedding on your own web site or by linking to our site.
Either way, the sole purpose is to create traffic and leads for more accounts.
Get to know GrowthWheel
GrowthWheel was designed around the observation that all businesses - in all industries and life stages - have four lasting challenges in common:
They must create an attractive Business Concept.
They must build a strong Organization behind it.
They must develop lasting Client Relations
And doing so they must maintain profitable Operations.
Business Concept
Meeting or creating demand
Getting the right business idea and designing the right product portfolio. Selling it to the right customer segments using the right revenue model and doing so while maintaining a strong market position.
Organisation
Building teams and partnerships
Finding the right ownership and board, recruit and develop the right employees. Outsourcing tasks through partnerships with suppliers and contractors and mapping core business processes. Having the legal framework in place for working together.
Customer Relations
Finding and keeping clients
Networking to meet the right people. Choosing the right way to do marketing and organizing an effective sales process. Getting in the media and on the customers’ agenda through communication and PR. Living the values that shape the branding of the company.
Operations
Being productive Making money
Making sure the right financial practices are in place and ensuring that there is enough funding for profitable investments to be made. Setting up the right production and delivery system to secure profitability, IT-systems to make operations profitable and facilities that makes the operations effective.
GrowthWheel breaks down the 4 challenges into 20 Focus Areas. This gives a 360° view on business decisions and maps out what areas your client needs to focus on.
A 360° View on the Business
The GrowthWheel framework is used to start structured conversations about a business, and helps the entrepreneur identify opportunities and challenges of the company.
Avoid blind spots using the framework and identify the most important focus areas within your client’s business.
Our wheel serves as the main checklist for what steps to take next.
Here is how to advice your customers...
Make a 360° Screening
Apart from mapping and illustrating the situation, skills and opportunities GrowthWheel offers an extensive range of tools for the purpose of discussing hundreds of decisions to be made.
Create a GrowthPlan
Based on these screenings you can work out a GrowthPlan by defining goals and ambitions, and sort their urgency.
Work out The Business Profile
As you fill in data to your GrowthWheel Account, like Business Idea, Product Range, Key figures etc. You will simultaneously work out a Business Profile, suitable to hand out to stakeholders who usually ask for a Business Plan. Also the Business Profile can be used as a central archive for key documents, and will tell you how well defined this business is.
Propose Decision Sheets
For each of the 20 focus areas several decision sheets are available supported by frameworks and relevant articles.
Get a Financial Overview
You will be able to calculate eventual investments, work out quarterly key figure reports, descripe and invite your team and partners, manage your GrowthPlan and projects, keep track of your interactions and outcomes and a lot more nice to have features.
In this way GrowthWheel gives you a platform for running an on-line board or advisory board for your clients.
Sign Up Now for a Certification Course and get an Extensive Tool for Working On Your Business…
Know your opportunities, skills and situation.
Know your Situation
GrowthWheel was designed around the observation that all businesses – in all industries and life stages – have four lasting challenges in common: They must create an attractive Business Concept, build a strong Organization behind it, develop lasting Client Relations, and do so while maintaining profitable Operations.
GrowthWheel breaks down the 4 challenges into 20 Focus Areas. This gives a 360° view on business decisions and maps out what areas you need to focus on.
Define and map your ambitions and goals
Define your own Future
The GrowthWheel framework is used to start structured conversations about a business, and helps the entrepreneur identify opportunities and challenges of the company. Avoid blind spots using the framework and identify the most important focus areas within your business. Our wheel serves as the main checklist for what steps to take next.
In the Scoreboard you can rank ambitions and keep track of outcomes. You can make a list of your ambitions and monitor their progress with a simple traffic light system: Is the ambition somewhat a challenge, in progress, or on track?
Get the big picture of when to do what
Take Action and Execute
The 30-60-90 Days Plan is the tool that can help you keep track of your decisions and actions.
It is the master plan broken down into categories and actions. It helps you plan your actions for the next 30, 60, and 90 days, and beyond. It keeps the entrepreneur focused on getting things done and who should do it.
The best of both worlds As with all of our tools, you have the freedom to choose whether you would like to use the 30-60-90 Days Plan online or on paper to keep track of all actions.
When ambitions are turning into outcomes you can keep track of them quarter by quarter to see for yourself all the results and achievements you have created.
Add to that
Get Referrels
We are working with more than 3500 business advisors around The World
Let’s connect you with your local clients via our web site.
Reach your Potential
Get the Decision Tool that will enable you to create the most profitabel business you possibly can.
Create a simple and easy overview. Illustrate it using a graphic and fast check list.
Don’t waste time and money but focus right on target.
Know Your Business
Any business is different and we are different than our competitors.
Help your clients to get a visual overview of skills and opportunities.
Evaluate the current situation for each area of the business, and illustrate in just 15 min.
Save time and ressources, knowing exactly where you need to use it.
And - there is more…
Make The World Understand
Using GrowthWheel will automatically build a Professional Business Profile.
Easy to print and share by a single click.
Use your newly obtained knowledge to make decisions for the business.
Avoid mistakes and loss
Calculate future investments. Make a quick and simple calculation before deciding on an investment.
Among all the handy tools, one simple tool can save you from fatal mistakes. Within 30 minutes you can make your own calculation and reveal the profitability of any investment in your business.
There is nothing magical in this tool. It is simple, and you might be able to make it yourself. But as anything else in The GrowthWheel, it is about having the check list that get’s you all around your business.
Get inspired
GrowthWheel Articles are the basic recipes that contain the ingredients and processes that others have been using before when starting and growing a business.
The library of 3-page articles gives entrepreneurs and advisors time for reflection and learning before it is time to make decisions and take action.
The Articles deal with different issues within the 20 Focus Areas so they are ideal if you work in a specific area, but need some basic knowledge to get inspiration to make decisions and take action.
Sharpen your Saw
Access our GrowthWheel blog with lots of news and business information
Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
Look Good
Forget your worries and countless hours writing a business plan or a business profile. When working on GrowthWheel, you will automatically work out your business profile.
As you work on your business concept, your customer relations, your organisation, your operations, your thoughts and descriptions you will also generate an automated business profile ready for print or download as pdf.
Save time looking good
You have probably been asked numerous times to present your historical fiscal figures. It can be done in more or less sophisticated ways, but these figures are dynamic and it will take time to update this financial overview every time.
Enter your figures once, and present your financial overview by a click, everytime you are asked in the future.
Never Forget
Receive an automated list of the open decisions and actions your team have right now on your 30-60-90 Days Plans.
Perhaps you want to follow up with some of them, or send them some tools to help make decisions and take action. With GrowthWheel the flod of daily operations will not make you forget your overall targets.
Reach your potential
Get the Decision Tool that will enable you to create the most profitabel business you possibly can.
Know your Situation
Evaluate your current situation for each area of your business, and illustrate for yourself in just 15 min. Save time and ressources, knowing exactly where you need to use it.
Be Smart and Intelligent
Create a simple and easy overview. Illustrate it using a graphic and fast check list.
Don’t waste time and money but focus right on target.
Make a Plan for Growth
Build a GrowthPlan. A quick list of ambitions and goals, sorted by time, will build healthy habits by reminding yourself on your real challenges, and to work on your next step.
Avoid Distractions
Make certain that goals are met by checking them off as they are met, one by one.
This will help you focus on your next ambition
Secure your Progress
Having a dynamic list to record and track your results, makes you take action and drive your progress further
Get Wiser
Get fast and basic perspectives on your doubts and blanks and problems you have less experience with. Avoid mistakes and become able to decide faster
Don't be On Your Own!
Have your Personal Advisor (Maybe even for FREE!) Connect with your local Professional Business Advisor. A productive sparring will get you to the next step
Know Your Business
Fast and basic knowledge about all aspects of running a business PLUS supporting tools for making a decision on each and every topic.
Avoid mistakes and losses
Reduce Workload
Enter key information once, and use the data multiple times for automated document creation for i.e. lenders and external stakeholders in a fast and correct manner
Foresee the future
Calculate the profitability of your investments and avoid losses on future projects.
Make The World Understand You
Easy and structured way to define problems, makes it possible to consider pros and cons, make decisions and to substantiate them.
Sharpen “Your Saw”
Get inspired by fresh and new knowledge from the Business Worlds Influencers. New Inspiration Equals New Energy and Ideas
Tell The World
Using GrowthWheel will automatically build your Professional Business Profile.
Easy to print and share with any stakeholder by a single click.
Avoid Blind Spots
Periodical reports will not let you forget your goals, just because you get flooded with work and daily routines. Avoid loosing track of your priorities with GrowthWheel Reporting
Easy and Convenient
Master The Power of Decision Making in just a single day. Learn it by doing - by taking the GrowthWheel Certification Course.