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How to Expertly Price Your Services With ChatGPT
as CEO gets blasted for replacing workers with AI
Marc Howard
July 30, 2023
The Profound Impact of Generative AI on Accounting and Finance
Indian CEO Faces Backlash for Replacing Workers with AI
Accountants All-In on AI Amid Boom
Image of the Week
AI Tutorial of the Week: 11-Step Method to Pricing Your Services With ChatGPT
AI Prompt of the Week: 11-Step Method to Pricing (Step-by-Step)
Read time: 7 minutes
LATEST DEVELOPMENTS
In a Nutshell: We are perhaps months away from being able to hire an AI intern.
Key Points:
AI will handle routine interactions with customers and vendors.
AI will be an expert resource
AI may solve the industry’s labor shortage
The smart firms are getting in on AI early
Why It Matters: Imagine being able to hire an AI accounting intern who can on Day 1 nail task like “don’t let the cash balance fall below X; make sure to pay vendors of type Y early; let me know if you see any bills with unusually large amounts.”
In a Nutshell: An Indian CEO canned 90% of his staff and gloated about his new AI bot on Twitter.
Key Points:
The CEO bragged the bot slashed response times from nearly 2 minutes to instantly.
He high-fived about slicing customer support costs by 85%.
Critics slammed him as heartless for pink-slipping workers to pad profits.
Our Take: This debacle spotlights the brewing ethics clash over AI. Swapping humans for bots can supercharge efficiency and earnings. But it also risks axing jobs solely to juice the bottom line. As accountants, we must weigh potential labor casualties along with cost cuts before advising clients on AI. Will productivity trump people? 🤔
In a Nutshell: A growing number of accounting firms are racing to adopt AI to transform their business.
Key Points:
Investments in AI tech going through the roof as firms acquire bots in bulk to keep competitive.
Frenzied rush to tap newfangled AI like ChatGPT, testing creative ways to harness these tools.
Hopes are high that AI can offset staffing shortages and eliminate tiresome accounting tasks.
Why It Matters: AI can make our jobs easier and services snazzier. But let's get real - these bots could put some of us out of work or be unfairly biased. Before we go all in on AI, we need guardrails so this technology wave doesn't wash away jobs. I'm all for progress, but we gotta modernize responsibly, folks.
Pro tip: Force yourself to use AI tools every day and try a new tool every week. The more you use them, the more you will find systems to speed up your workflows.
💡Take Away: Now is the time to get an edge over your competition. Learn how to level-up your firm with AI and ChatGPT with our ChatGPT Playbook for Accountants.
IMAGE OF THE WEEK
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From the Community
Jeff closes $126,000 in new accounting business in 3 weeks.
Emanuel leverages AI to win $55,000 in 5 days.
Beth saves 12 hours per week using ChatGPT.
Join our growing community here.
TOGETHER WITH AI AMPLIFIER FOR ACCOUNTANTS
In a Nutshell: Command higher fees while cutting your workload in half with the new AI Amplifier for Accountants course.
Key Points:
Unleash the power of AI to turbocharge your firm's growth, boosting productivity within just 15 days.
Seamlessly balance work and life by incorporating ChatGPT, reducing your workload and reclaiming precious time for life outside the office.
Break free from the traditional accountant mold, and step into the shoes of a forward-thinking, AI-powered leader.
Future-proof your firm, building an AI-driven business that's a high-demand asset in the contemporary market.
Why it Matters:
This course will save you time and money so that you can grow and automate your firm in half the time.
🖥️ AI Tutorial of the Week: My 11-Step Method to Pricing Your Services With ChatGPT
In today’s tutorial you will learn how to use ChatGPT with my 11-step method to price your accounting services.
Here’s the video on how I did it step-by-step (and how you can too):
⚡️ ChatGPT Swipe File: “11-Step Method to Pricing” Prompt
Here is the direct ChatGPT link that you can literally copy/paste your own firm info:
👋 That’s a Wrap
That’s it for this week folks!
In the meantime, if you want live updates, join over 95,000 other accountants, tax pros and entrepreneurs who follow me across YouTube, Twitter, and LinkedIn.
🧞♂️ Your wish is my command
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Until next time!
Marc
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