Zach Kinshella

Accountant

Zach Kinshella is an experienced accountant with over nine years of experience. Kinshella holds a Bachelor of Commerce degree from the University of Alberta and further qualifications as a financial modeling, valuation analyst and supply chain management. His love for accounting developed in his formative years, and thanks to his academic prowess, was awarded the Jason Lang Scholarship, which helped him attend university. Upon graduating, he landed his first job as an accountant payable at Leduc, Alberta, where he worked for three years before moving up the career ladder, at different companies. He is currently the director of operations at Eden Textiles. Besides work, Zach has actively participated in many community initiatives. One of those closest to his heart is the AGAT Foundation Charity Classic, associated with the Alberta Cancer Foundation. This was motivated by his father’s death from leukemia in 2010. He has also participated and donated to the Joey Moss Memorial Golf Classic. In addition to his charity work, Zach is also passionate about traveling, hockey, golf, and fishing. He often trips to different parts of the world to explore new cultures and see different sights. When he’s not traveling, he enjoys playing hockey, golf, and fishing.

Where did the idea for your career come from?

I have always been fascinated by how numbers can be used to track trends and predict outcomes. When I was younger, I loved doing math puzzles and brainteasers, and I quickly developed a strong aptitude for arithmetic. In high school, I took advanced classes in accounting and economics, and I knew I wanted to pursue a career in finance. After graduating college, I began working as an accountant at a small firm. I soon realized I had a knack for advising clients on financial planning and tax strategy. Over the years, I have continued to develop my skills and knowledge, and I am now recognized as an expert in my field. I enjoy using my expertise daily to help clients save money, reduce their tax liability, and achieve their financial goals.

What does your typical day look like and how do you make it productive?

My day typically starts with reviewing the previous day’s financial transactions. I then reconcile any discrepancies and prepare financial reports for management. In the afternoon, I might work on budgeting or forecasting. I also spend time meeting with clients to discuss their financial needs. To stay productive, I take regular breaks and keep a list of tasks that need to be completed each day. I also try to batch similar tasks together to avoid constant context switching.

How do you bring ideas to life?

The first thing I do is come up with a plan. Once I have a plan, I get into action. This may involve researching, building prototypes, or reaching out to others for help. The important thing is to keep moving forward and making progress. Finally, it’s time to enjoy the fruits of my labor once I’ve put in the hard work.

What’s one trend that excites you?

One trend that excites me is the increasing use of artificial intelligence (AI) in the financial field. AI can help to automate routine tasks, freeing up time for financiers to focus on more strategic work. For example, AI can identify data patterns, flag potential errors, and recommend corrective action. In addition, AI can help to improve decision-making by providing real-time insights into financial performance. As businesses become more reliant on data, AI will play an increasingly important role in accounting and finance. I believe that AI has the potential to transform the profession.

What is one habit of yours that makes you more productive as an entrepreneur?

One habit that helps me stay on track and get things done is scheduling breaks for myself throughout the day. You might think taking breaks would make you less productive. However, the opposite is true. By taking regular breaks, I give myself time to clear my head and refocus. This helps me to avoid burnout and stressed-out decision-making. And when I am well-rested and refreshed, I can work more effectively and get more done.

What advice would you give your younger self?

First, I would tell myself to enjoy the moment. Getting caught up in worrying about the future or dwelling on the past is easy, but it’s important to remember that the present is all we have. I would also advise my younger self to be more patient. Things seldom happen as quickly as we want them to, but if we’re patient and persistent, we will eventually achieve our goals. Finally, I would tell myself to be kinder to others and myself. We all make mistakes, but it’s important to learn from them and move on. Treating others with respect and compassion can make the world a better place for everyone. And by being gentle with ourselves, we can learn to forgive our mistakes and focus on the positive aspects of our lives.

Tell us something that’s true that almost nobody agrees with you on.

I have none at the moment.

As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?

I have learned the importance of always being willing to adapt and change. No matter how well you plan, there will always be unexpected challenges and obstacles that arise. The key is to be flexible and adaptable to overcome these challenges. I recommend that everyone keep this in mind and be open to changing their plans. Additionally, it is always important to be learning and growing. You need to strive to improve your skills and knowledge continually. There are always new things to learn, and by keeping up with the latest trends, you can ensure that you are always prepared for whatever comes your way.

What is one strategy that has helped you grow your business?

One of the best things I have done for my career is to get involved in my professional bodies within my line of work. Through these bodies, I’ve been able to network with other professionals and learn about new opportunities. I’ve also been able to stay up-to-date on changes in the financial field and gain access to resources that have helped me grow my career.

What is one failure you had as an entrepreneur, and how did you overcome it?

One failure I had early in my career was making an investment that turned out to be a complete loss. I was very disappointed in myself and felt I had let my clients down. I was determined to learn from my mistake and to make sure that it didn’t happen again. I studied the market more carefully and did more research before making any future investments. As a result, I became a much more successful investor and was able to help my clients earn significant profits. Despite this early setback, I am proud of my career in finance and the success I have achieved.

What is one business idea that you’re willing to give away to our readers?

A mobile pet groomer business! This is a perfect business for animal lovers who want to be their boss and set their hours. It’s also a low-cost start-up business since you won’t need to lease a brick-and-mortar location. Instead, you can operate out of your home or even rent a space in a pet store. To get started, you’ll need to purchase a van or truck that can be outfitted with shelves, storage bins, and all the grooming supplies you’ll need. Then, you can begin marketing your services to pet owners in your community. You can build this business into a successful enterprise with a little hard work and dedication!

What is the best $100 you recently spent? What and why?

I recently spent $100 on a new set of golf clubs. I have played golf for several years but have always used rented clubs or hand-me-downs from friends. I finally decided that it was time to invest in my own set of clubs. After researching, I found a set that was within my budget and had good reviews. The new clubs have made a big difference in my game. They are well-balanced and easy to swing, which has helped me improve my accuracy. I can now play more confidently and enjoy the game even more. I am glad I invested in myself and my hobby, and I would recommend doing the same if you have the opportunity.

What is one piece of software or a web service that helps you be productive?

One piece of software that has helped me be productive is Evernote. It is a web service that lets you save notes, including text, images, and audio recordings. You can access your notes from any device with an internet connection. This has been useful because I can save ideas when I’m away from my desk and access them later when I’m back at my computer. Evernote has also helped me stay organized by allowing me to create different notebooks for different projects. I can also add tags to my notes to easily find them later.

What is the one book that you recommend our community should read and why?

There are many books out there that can provide valuable insights and lessons. However, if I had to recommend just one, it would be “The Innovator’s Dilemma” by Clayton M. Christensen. This book is all about why successful businesses fail, and it provides a framework for how to avoid this fate. Christensen makes the case that most companies fail not because of lousy decision-making but because they don’t make any decisions. They become too focused on protecting their existing business models and fail to invest in new technologies or ventures that could ultimately disrupt their industry. This is a powerful message for any business leader, and it is one that I believe our community should take to heart.

What is your favorite quote?

One of my favorite quotes is by Maya Angelou: “I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” This quote resonates because it reminds me that the most important thing is not what I say or do but how my words and actions affect others. In a world where we are constantly bombarded with messages, it can be easy to forget the importance of human connection. But this quote reminds me that the way we make others feel is the most lasting impression we can make.

Key Learnings:

  • Be confident in your investments
  • Adapt and Change
  • Focus on Strategic Work
  • Always come up with a plan first