Partner

Michael T. Means, CPA

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Bio

Meet Michael

Michael has extensive experience providing audits or reviews of financial statements to help businesses meet and exceed their assurance requirements. He serves clients in a broad range of industries, including construction, oil and gas entities, environmental disposal and reclamation, healthcare, and manufacturing and distribution. He has over 30 years of experience auditing oil and gas companies, primarily exploration and production companies with active drilling or merger and acquisition programs.

Michael received his B.B.A. in management and his B.B.A. in accounting from Texas Tech University. He received his MBA from the University of North Texas. Michael is a member of the American Institute of Certified Public Accountants, the Texas Society of Certified Public Accountants (state and Dallas chapters), the Association of Certified Fraud Examiners, the University of North Texas Institute of Petroleum Accounting and the University of North Texas Accounting Department.

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Experience

Professional History

Associations

  • American Institute of Certified Public Accountants
  • Texas Society of Certified Public Accountants
  • Association of Certified Fraud Examiners (ACFE)

Community

  • University of North Texas Advisory Board

Education

  • University of North Texas
  • Texas Tech University

Experience

  • Travis Wolff, LLP
  • Hein & Associates
  • PricewaterhouseCoopers LLP (PwC)
Q&A
Q. What common challenges do your clients face?
Eighty percent of all businesses are privately owned by a limited number of equity holders, who struggle with the day-to-day details of their business, while they would much rather focus on strategic initiatives. These details include improving cash flow and profitability, tax compliance and internal processes, as well as long-range goals such as growth capital, acquisitions, succession plans and exit strategies.
Q. How do you approach these challenges?

I listen to my clients to ensure I am providing and coordinating services that increase the value of their organizations. I work with them to reach a point where they can return their focus to their business goals and objectives, confident that the operational challenges and potential risk factors are mitigated. My approach is to move things to the next level, always developing strong and sincere relationships, and providing ideas, insights and information.

I care about my clients, not just about their businesses, and they know it. I get feedback through both what they say and what they do. A sincere handshake, a “thank you,” a referral to a business associate or an introduction to a young family member – that’s how I know my clients appreciate the work I do for them.

Q. What are your favorite client successes?
My client successes are measured by milestones. Throughout my career, I have helped business owners achieve many of them, including the first line of credit for an entrepreneur, vetting and hiring a CFO, improving profits, expanding business lines, adding locations or cashing a check from an investment banker. These accomplishments are my greatest successes.
Q. How does your experience in many different industries enable you to add value to your clients?
It is amazing how similar the problems are across different businesses. My ability to adapt a solution that was valuable to a contractor to benefit a health care professional or an oil and gas developer means they all gain from my broad experience. The same applies to entrepreneurs: Common problems exist regardless of industry, and my experience helps each of them become more successful.
Q. How do you meet the needs of entrepreneurial clients?
Entrepreneurs must master sales, production, accounting, finance and product development. Because one person rarely has all of those skills, I become a valuable resource. My role is to bring the highest level of guidance and practical advice to assist them with the finance and accounting function, and to do so in a manner that develops trust and reliance.
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Industries Served