Economy HeroesWe are stoked to be featured on Inc. Navigator’s Economy Heroes blog today. For entrepreneurs who are not yet familiar with the Economy Heroes movement started by Inc. Navigator founders Brent Sapp and Steve Kimball, here’s what they have to say about it.

Economy Heroes take the risks that change our lives.  You are responsible for 2/3 of the net jobs created in the past two decades.  You are changing the game of business.  You march to the beat of your own drum.  The Economy Heroes blog, tweets, and newsletter provide stories and resources to inspire and equip you to maximize the potential of your team.

Brent interviewed me this week and wrote the story about how DeepSky is out to help entrepreneurs make the world a better place.

DeepSky’s mission is to provide outsourced accounting services that, as Michael describes, “Includes more than just debits and credits. We strive to deliver actionable business knowledge.”

He also included a more intimate story about my move to the States when I was 10 and the lessons that stuck with me all these years. Check out the full story on Economy Heroes blog here.

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Let’s be honest, when I founded DeepSky, I had no idea what a BPO is. All I know was that the accounting department of the world is broken and I wanted to build one that is not. The idea was simple – one, take accounting back to its root of helping entrepreneurs make the world a better place. And two, utilize the technology we have available to make life easier.

But it looks like the whole thing has caught on in the industry and they call it BPO, or rather, business process outsourcing. Make sense. The AICPA (the folks that govern and educate us accountants) is making a huge push at every industry event talking about outsourced accounting. We know, because I’ve been invited to speak at a few of them. Accenture, the biggest BPO dudes for the Fortune 500, says that mainstream BPO spending will hit $300 million this year. Cool.

Though I would disagree with some of the reasons that others are moving towards an outsourced accounting solution – other benefits are obvious and hard to disagree with. Reasons such as better system, actionable insights, more security, easier life are just a few to start. But frankly, entrepreneurs are just sick and tired of the old way of having an in-house accounting department. Alas, here’s to 2012 – the year of BPO – the year where entrepreneurs from around the world are freed from the burden of an in-house accounting department.

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Who Cares if Your Inventory is Out of Wack

January 13, 2012

Accountants love to talk about how important it is to have all your numbers “right.” They love to talk about how “accurate” they can get those numbers to be – in fact, “timely and accurate financial information” has got to be one of the most overused pitch by accountants. Some of them might even justify [...]

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Business Needs Drive Accounting Choice

December 27, 2011

I spent a day at a customer’s warehouse yesterday helping them with inventory and talking business with the CEO. We’ve grown to become friends even in the short one year time frame they had been our customer, so the conversation is relatively unfiltered and honest, then we got around talking about our business relationship. Since [...]

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Choices

December 13, 2011

Seth Godin wrote a post few days back about having “no choice” and how it is really a mask for “the short-term benefit/satisfaction/risk avoidance was a lot higher than anything else, so I chose to do what I did.” It got me thinking about how many entrepreneurs I’ve come across that have mentioned they felt [...]

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Balance-Sheet Blues

December 8, 2011

I came across Norm Brodsky‘s column in the Inc. Magazine about an entrepreneur who got into trouble after ignoring his balance sheet two months ago and felt strongly about it. Strong enough that I commented on the article. And apparently, it caught enough attention to be reprinted in this month’s issue of Inc. Magazine – [...]

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