The Cost of Human Capital is Not an Expense

Stephen King’s leadership journey includes experience as a top executive for a Fortune 500 company, bootstrapping a tech company from start-up to venture backed, and raising millions in charitable gifts for Amnesty International. It’s safe to say he isn’t a traditional CPA. Regarded as one of the accounting industry’s top thought leaders, Stephen is currently the President & CEO of GrowthForce, one of the nation’s largest cloud-based accounting services focusing on the cost of human capital.

Top Takeaways: The Cost of Human Capital is Not an Expense with Stephen King

The Cost of Human Capital is Not an Expense
Founder and CEO of Growth Force
And a computer junkie was born…
I had a human capital problem, I was muscled out by the bigger companies
Putting in the infrastructure for 300% growth
Raising a bunch of money masked the fact we had a great business model
I was a tech geek, there had to be a better way of doing this
I saw a need and got to work, I was a little ahead of the technology
I started with hustle and just met all the leaders
I just knew how to speak their language, relationships and trust
We had to pivot, the rug was pulled out, and it was arguably the best thing for us
We do service businesses and non-profits really well, that’s our niche
You have to maximize every billable hour, you only have so many in a year
A CPA is a about compliance
A CFO looks forward doing strategic financial plans
A controller manages the budget and delivers financial reports
What are the 5 decisions a leader needs to make?
Of all the metrics in our firm, the #1 important is employee turnover rate
People drive profits
Hire for behavior and cultural fit, not skill sets
The laughter (of our team) is the fuel that keeps us going