“There's a bit more creativity, a bit more passion, and positive things that I can add to people's lives. And when you're doing a bit more than just the data entry aspect of bookkeeping and even then, there is a lot of benefits that people can actually get from using their intuition and I use a lot in the work I do with my clients.” – Ben McAdam
Ben McAdam talks about “Intuitive Biz Numbers (Surprising Gut methods)” in this episode of the Intuitive Leadership Mastery Podcast, with host Michaela Light.
Contents
Here are some of the topics discussed in the episode:
- Surprises in Intuitive Accounting
- Something is not right in P/L or B/S or other financial reports – dig into this part more
- Notice a intuitive Red Flag – a sense of wrongness
- A bad aftertaste in mouth, an itch in my brain
- Now 100% correct when I dig down into it
- Trained intuition over 10 years
- Practice with intuition and numbers in low risk environment (no client in front of me). When relaxed, no interruptions, when logical mind is tired
- Learning languages helped
- Active vs passive vocabulary
- Subconscious learning
- Helping with mindset issues
- False ceiling beliefs about revenue, team size, fame
- Self Deserve
- Friends level
- Family beliefs
- Self-sabotage
- Money beliefs
- Biz as self development
- For you and staff, vendors and clients
- False ceiling beliefs about revenue, team size, fame
- Picking course of action to advise clients to do
- Can tell when certain numbers are off, could be improved, or need to pay attention to more
- Something is not right in P/L or B/S or other financial reports – dig into this part more
- Gut Hiring
- Gut check in hiring process
- Feel light or heavy
- Body discomfort
- Low body energy – energy vampires
- Compare resumes with biz partner and call out each others stuff
- Gut vito – ok to say No
- Team interview gut check
- Biz partnership split and sale
- Green lights from my intuition to work with Meryl
- Goals and timelines differences
- Gut check on whether to leave biz
- Had Split formula in partnership agreement up front
- Working out split and agreement
- Energy work for a good split
- During negotiation for split sit with draft ideas for a few days to get gut reactions on rightness and fairness
- Set intention for harmonious split agreement
- Still friends
- Still work together sharing clients between their separate businesses
- Waiting for the The Right Time to move ahead with a business task
- More Calm
- Easier – it just flows
- Remove exact dates from goals
- Intuition lets me know with a burst of excitement and motivation on the project
- Journaling
- Business astrology
- Seasons
- SAD (Seasonal Affective Disorder)
- Why are you proud to use your business intuition?
- WWIT to make business intuition more openly used this year?
If you want to double your profits and half your stress, check out the Biz Intuition Profit Doubler. It is a free course for you to use intuition in your business.
Mentioned in this episode
- Charlie Munger’s investing rules of thumb
- BeanNinjas
- Partnership agreements templates
- TMBA episode on the business split
- Episode 39 with Justine Pattantyus “Business Intuition and Moving Easily During Business Transitions and Pivots”
- DCBKK
- Dynamite Circle
- TLC
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Bio
Ben is a Virtual CFO, i.e. a strategic adviser and right-hand-man for your business finances and profits. It's his job to help you understand your numbers and use them to grow your business profits, and he has been advising entrepreneurs across the globe for over a decade.
During his entrepreneurial career, Ben grew and sold an international bookkeeping business and an Australian tax practice.
He also hosts the Business Numbers Podcast, where he interviews guests on their challenges with the numbers and how they overcame them. In between interview episodes, he answers listeners questions.
Learn more about Ben McAdam at:
Interview Transcript:
Michaela: Welcome back to the show. Today, we're gonna look at intuitive biz numbers surprising gut methods you can do with your accounting with Ben McAdam. And we'll look at how he uses his gut when he's doing accounting and bookkeeping to help his clients even more and save time. And we'll also look at the really amazing way he and his business partner decided to split and sell their business without having lots of arguments. And how he waits for the right time to move ahead with the business decision now. And we'll also look at how he uses his gut in hiring. So welcome Ben.
Ben: Thanks for having me.
Michaela: So when people think of bookkeeping or accounting or financials, I don't think intuition is the first thing that comes into their mind. It's very left brain, logical, spreadsheets, rows of numbers. And yet you've found a way to incorporate your intuition into that so it's less work and you give better advice to clients. Can you tell us more about that?
Ben: Yeah absolutely. I will admit bookkeeping is pretty boring, logical. You imagine a guy in a gray suit just kind of plugging along with lots of paperwork. That's definitely not me. I didn't really like doing that sort of thing earlier in my career and have worked myself into what I do now which I can use my intuition a bit more. There's a bit more creativity, a bit more passion, and positive things that I can add to people's lives. And when you're doing a bit more than just the data entry aspect of bookkeeping and even then, there is a lot of benefit that people can actually get from using their intuition and I use a lot in the work I do with my clients.
