Technology is really influencing changes in all industries, and those who understand it have leverage over their fellow professionals.
Albert Orr is a Certified Public Accountant who lives in Cape Coral Florida. Albert started his career in the year 2000, after graduating with a business management (Accounting major) degree from Harvard University. He then went on to work for several top accounting firms. He worked for 5 years at PWC before moving on to Deloitte in 2006. He worked there until 2012 when he decided to start his accounting firm, Albert Orr Accounting Services. The firm has been a huge success, and has a large client base that includes top Wall Street firms. Albert has built this successful firm through sheer hard work and dedication. He is usually up by 4 a.m., and by 9 a.m. he is usually through with all internal meetings. This gives him the space to hit the road and market his business. When not at work, Albert is either doing charity works, or playing golf with his friends. His love for charity has seen him become a member of several charity organizations in Florida. He has also won several local awards for his amazing works of generosity. He is a person who strives for the best in the corporate world, but with a heart for the less fortunate in society.
Where did the idea for Albert Orr Accounting come from?
As a trained CPA, the idea of a starting my own accounting firm came as a natural progression to my career. After working for 10 years for different accounting firms, I felt it was time to chart my own path.
What does your typical day look like and how do you make it productive?
My typical day entails visiting different companies to pitch our services. To make my day more productive, I meet with my accounting staff early in the morning to ensure that our existing customers are well taken care of. This gives me the time and energy to go pitch to new ones.
How do you bring ideas to life?
Mmmh that’s a tricky one. I think in a service company like mine, actualizing new ideas is a matter of experience. Since I already know the ins and outs of the industry, it is easier for me to integrate new ideas into the business.
What’s one trend that excites you?
I find artificial intelligence interesting. While there are fears that this tech could replace accountants, and many other professionals, I think we can leverage it for growth.
What is one habit of yours that makes you more productive as an entrepreneur?
I wake up very early. I am usually up by 4 a.m. It helps me to get done with routine meetings by 9 a.m. From that point on, I can focus on meeting new clients.
What advice would you give your younger self?
I would advise my younger self to take a keener interest in technology. Technology is really influencing changes in all industries, and those who understand it have leverage over their fellow professionals.
Tell us something that’s true that almost nobody agrees with you on.
I am one those people who believe that Bitcoin could change the financial system as we know it. Lots of people think it’s just a speculative asset.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
I continuously pump money into marketing, and I haven’t had any regrets. It’s the one thing that I would recommend all entrepreneurs do. You just can’t make it without aggressive marketing.
What is one strategy that has helped you grow your business?
I am a very good communicator, and I always aim for one-on-one pitches with my potential clients. It’s a strategy that helps me pitch to them based on what they really want, and has helped me win over lots of clients.
What is one failure you had as an entrepreneur, and how did you overcome it?
My biggest failure was earlier along in the business when I failed to take advantage of social media marketing. We lagged behind for months as I relied heavily on outdated marketing strategies.
What is one business idea that you’re willing to give away to our readers?
There is a huge market for app developers in the accounting and financial services market. If one can tap into this market, they can make good money.
What is the best $100 you recently spent? What and why?
I spent $100 on charity, and the thank you messages I got made me feel good about myself. It was satisfying.
What is one piece of software or a web service that helps you be productive?
I use Slack a lot. It helps me organize tasks, and stay in touch with all my employees.
What is the one book that you recommend our community should read and why?
I would recommend “The Richest Man in Babylon” by George .S. Clason. It offers lots of valuable insights into how to create, and retain wealth.
What is your favorite quote?
My favorite quote is, “As I grow older, I pay less attention to what men say. I just watch what they do” by Andrew Carnegie. It has helped me retain good employees, and getting rid of the low quality ones.
Steve (Stefan) Junge hails from Germany and helps with the day-to-day publishing of interviews on IdeaMensch. While he and Mario don’t share a favorite soccer club, their enthusiasm to help entrepreneurs is a shared passion.