NABA SRSC - Career Management, Peter Margaritis

transcript

Presented by: Peter A. Margaritis, CPA!!

National Association of Black Accountants - Student Conference!!

Atlanta: September 26, 2014

Career Management

Peter A. Margaritis, CPA!“The Accidental Accountant”™!

Education • Training • Consulting • Motivation • Humorist!!

Making the complicated simple!

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What are some of the questions you have about career management?

College Years

Junior Year

• Dealing with your major accounting core courses

• Hours and hours of homework along with studying

• Interview for an internship

• Tax or audit? I have no clue…

• What am I forgetting about????

Senior Year• Survive advanced accounting

• Job in hand? If not, do you have a plan?

• Relocating? Moving away from support system?

• Sit for CPA exam?

• Time management

• What am I forgetting about????

Before Your 1st Day• Missing deadlines have consequences

• There is no extra credit anymore

• There is no such thing as a stupid question. You are stupid if you don’t ask the question.

• You have to be at work on time wearing business appropriate clothing.

Before Your 1st Day• The P in CPA does not stand for procrastination

• You are in charge of your career. There is no guidance counselor

• Communication is KEY - all types

• Networking is very important. Go meet people inside and outside of the organization.

• Ethics & integrity are the cornerstone of our profession.

Briefcase Years

Rule #1AFor those of you who are studying for the CPA Exam. !

PASS THE EXAM

Rule #1B

Are you studying for another credential? !

PASS THE EXAM

Rule #2

When you procrastinate or make excuses about studying for the exam: refer to Rule # 1

Rule #3

Commit to L3: Life Long Learning

Invest in You

After you have completed Rule #1: •Ask yourself - Should I specialize? •MBA? MAcc? MTax? •CFE, CFP, PFS, CGMA •Certificate in IFRS

Invest in You

• Public speaking and writing • Out-of-Pocket • This is above the 40 hours of

required CPE a year !

• Go for it 110%

Rule #4

Knowing Your Audience is KEY!

Four Generations

The Veterans (1922-1943) The Baby Boomers

(1943-1964)

Gen X (1964-1980)

Gen Y (1980 - 2000)

Veterans

• 52 million • Not too many left in the work place • Patience, Authority, Conformity, Law and

Order, Sacrifice • The Greatest Generation

Baby Boomers

• 73 million • Hippie’s and a country divided • Strong Work Ethic • Workaholic

Baby Boomers Work Ethic

• Follow the rules, learn to fit in, and stay in line. • Large supply of workers – easily replaced • Work harder and longer to keep job • Took work home • Work ethic defined by number of hours worked daily or

weekly • Coined the term workaholic • Seat time – highly visible

Generation X

• 60 million • Saw their parents get laid off and then

both parents working (latchkey kids) • Diversity, Informality, Technoliteracy,

Balance, & Fun • Live Aid, Farm Aid, “We Are The World” • Time is a commodity

Generation Y

• 70 million • The Next Greatest Generation? • Confidence, Diversity, Sustainability, Mobility • Technology, Technology, Technology • The Now Generation • Time is a commodity

Baby Boomers

Bridging the Gap

• Understand the Boomer work ethic and use it to your advantage. Be creative. !

• Mentoring 360. !• Take constructive criticism – learn from those who have

“been there, done that.” !• Maintain a high level of productivity!• More face-to-face networking

Rule #5

Networking

• Some say networking is just talking to strangers. But the dictionary defines a stranger as "one who is neither a friend nor an acquaintance." !

• The word stranger sounds scarier than the benign definition. Why do we give such power to strangers, these people we don't even know yet?

Networking

• “A supportive system of sharing information and services among individuals and groups having a common interest” !

• “Up the proverbial creek? If you got a network, you always have a paddle.” Harvey Mackay!

• “Networking takes drive and is very influential”

Development

Work Relationships Face to Face Gatherings Volunteer Social Media

Social Media

Linked In/Twitter

http://www.linkedin.com/pub/peter-margaritis-cpa-macc/2/273/13

@pmargaritis

www.petermargaritis.com

Two Types of Structures

Clique

Entrepreneurial

Clique

Entrepreneurial

Five Types of Influential People

Mentor Someone who

helps you navigate

challenges

Model Someone who is

firm, yet kind, detail oriented, strong

willed, and a task master.

Witness Someone who

affirms and labels unique

gifts and talents

Ally Someone who accepts and

supports dreams, goals, and ambitions

Shadows Someone’s destructive

influence to be proven wrong

Time To Mingle

Preparation Mindset

Implementation Follow-up

The Mindset

• Right attitude!• Confidence!• Treat every gathering as an

opportunity!• SMILE

The Preparation

• A shy person will find it difficult to approach individuals at a networking function. You don’t have to be an extrovert, gregarious, or outgoing to make meaningful connections.

• The tip is “preparation”. The more prepared you are, the more comfortable, and effective you will be in conversing with individuals.

The Preparation

• It can be as simple as “I will meet and talk to four new people at this event”.

• Another goal might be to establish a follow-up meeting with at least two of the people that you met.

Implementation

• Don’t be shy • Engage and be curious • Listen with your ears and eyes • Break away from those you

know • Know how to say goodbye

Follow Up

• Nice to meet you card • Invite to LinkedIn • Send interesting articles • Meet for coffee, lunch, drinks,

etc...

Rule #6

Prepare for the Future

Change

• Inevitable !• Additional skills!• Opportunity!• Plan and Predict!• Take risks and be aggressive!• Do you come to work excited?

Steve Jobs - Stanford Commencement

• “Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose.”!

• “Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.”

“Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”!

Steve Jobs - Stanford Commencement

It is a Journey

Begin Now

• Create a vision of your future!• Commit that vision in writing!• Create visual reminders and look at the daily!• Change will happen - be ready for it!!• Go to Rule #3 and reinvest in L3!• Believe in yourself !• Reassess annually and make necessary changes