Recently, I had the pleasure of joining Adam Lean of The CFO Project on his podcast, “Escaping the Accountant’s Trap,” to discuss imposter syndrome — what it really means, how to know if you have it (or are simply learning something new), and practical tips for overcoming those feelings of being a fraud.

I also share my perspective on why imposter syndrome disproportionately affects women and minorities, the difference between self-doubt and truly being an imposter, and how education and experience are key to building real confidence.

The inspiration for the episode came when I heard Adam speak on Veronica Wasek’s 5-Minute Bookkeeper Facebook group (a must-follow if you’re a bookkeeper, in my opinion). He has so much valuable knowledge to share, but I felt like the delivery was oriented toward tax professionals and other accountants, rather than her main audience. In my experience, bookkeepers looking to offer CFO advisory services are in a very different position than accountants moving into a new realm, especially marginalized groups like women and minorities, and so I reached out to suggest we work together to talk about the topic of imposter syndrome — and what we can do to push past sentiments of self-doubt, when in fact what we’re doing is building on our existing foundations of knowledge and exploring new perspectives.

Studies show that 70% of people experience “imposter syndrome” at some point… defined as a fear that you’re inadequate or incompetent — despite evidence to the contrary. Dr. Valerie Young has a great book on why capable people experience it. From my research with psychologists and therapists, I’ve learned that medically, something only becomes a “syndrome” if it’s seriously impeding your life, paralyzing you so that you can’t do things you would otherwise excel at or enjoy — so my first goal in spreading the word on this topic is: please don’t feel like there’s something wrong with you if you’re feeling self-doubt. This isn’t a “syndrome”… in fact, this is natural, especially for women — this is an understandable, genuine reaction to being condescended to our whole lives.

As for being able to tell the difference, think of it this way: Any new task by definition puts you in a position where you don’t know how to do your job. Having more background makes it so the percentage of your job you don’t know how to do is smaller. But climbing that learning curve is always part of the experience — and that is what makes us feel exposed or fraudulent. Education, testing, and experience are the three best solutions to this – they help you learn what you need to know, and they also build confidence.

This was not a paid partnership — I gave my time freely to record and promote this episode because it’s simply an important topic to me, and I want to give it more space in the airwaves so that bookkeepers know they’re not alone in their doubt, and yet they are uniquely positioned to branch into advisory services.

Even though it’s only 30 minutes long, I managed to drop some of my favorite resources, such as John Garrett‘s “What’s Your And?” podcast; my memberships in accounting communities such as Jason Staats‘ Realize and Cindy Schroeder‘s Bookkeeping Buds; free bookkeeping communities such as Kate Johnson‘s Bookkeeping Side Hustle and Veronica Wasek‘s 5-Minute Bookkeeper; and of course Paul Hamann‘s RC Reports, my essential tool for calculating reasonable compensation. I also shout-out colleagues Hope Brown, the Tax-Minded Bookkeeper, and Mariette Martinez of Master Your Books. And of course I had to highlight my upcoming talk at Joe Woodard and Heather Satterley‘s Scaling New Heights on “The Tax-Ready Bookkeeper”!

We covered a lot of ground in this episode — here’s a breakdown:
0:00–4:00 Introductions
5:37 What is imposter syndrome? How do I know if I have imposter syndrome?
11:52 Why bookkeepers are uniquely positioned to advise business owners doing CFO services!
16:42 CPA asks “I’m afraid that my lack of real-world business experience will hold me back. What are your thoughts?”

I hope you get something helpful from our conversation! It’s essential that we share our questions, doubts, struggles and challenges in order to discover that we’re not alone, and to provide support for our colleagues, ultimately affecting the mental health of the whole industry, and assisting small businesses in their important community-building work. (Another passion project of mine — come see me present the panel “Vulnerability as a Strength” at Bridging the Gap this July!)

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