Articles
From our Business Experts
Changing habits
Many bookkeepers continue to run their practices in the way they have been for years: focused on compliance–related services, battling compressed work schedules and lamenting the hourly rate pricing pressure?………
Is your practice like a leaky boat?
In a fast-moving business world, doing the same-old stuff is a recipe for disaster. In business, you have little choice but to evolve faster, and in a better way, than your competition. Just like a boat in a rapidly moving river, you need to be paddling faster than the water to be able to direct your raft.?….
Learning a lesson from a law firm
What can Aus/NZ bookkeeping firms learn from the rise and rise of Legal Zoom – a company that stole market share from traditional law firms, not by stealth, simply by offering a more compelling ‘story” than the traditional law firm?………
Achieving best practice through marginal gains
Where do we look for best practice when it comes to business or professional service firms? Industry benchmarks are good as are comparisons to other professional groups (bookkeepers can look to accounting firms or even law firms). But to get to the ultimate in best practice, think sport………
Singing from an old song-sheet
Are you singing from an outdated song sheet? Elvis records still sell but today’s more youthful business owners are more likely to be listening to Beyoncé or Shakira……..
Adding value to your clients
There is little doubt that SME owners are becoming better educated about financial matters, perhaps also becoming more aggressive in choosing their accountant and bookkeeper. There is a simple, compelling reason for this…….
Early Adopters and Laggards
We all know one – the person who is always first to try a new product or service. They can be both illuminating and annoying; they are the ones that tell you about Airbnb or Uber or the new version iPhone before you have even heard of the company or the product…….
Succession planning
For many practice owners, there will come a time when will need to seriously consider selling their practice. Whether this is for personal reasons or forced on them by market conditions, they will need to approach the process with caution and take control…….
The business mindset
A major hurdle for people buying a franchise is that, mostly, they end up buying themselves a job. So the retrenched executive spending her money buying into a muffin franchise ends up working a 70-hour week, probably equating to less than $25 an hour……..
Learning from the Tradie
The accounting and bookkeeping professions have much to learn from the trades. Doing business with a tradesperson today is a very different experience from three or four years ago. Getting a plumber or electrician is no longer a case of ringing around…….
Client’s A/R: the Low Hanging Fruit of Advisory
2016 is looking like a tough year for many of your clients. Debt recovery specialist and lawyer Roger Mendelson knows a thing or two about debt recovery, as his firm Prushka is the largest (non-listed) debt recovery firm in Australia…….
Prepare for the Rainy Day
How can businesses protect themselves in case the market turns against them? What’s the key to surviving – and thriving – in difficult times? There are all sorts of dangers ahead for business…….
Articles on Best Practice
Changing habits
Many bookkeepers continue to run their practices in the way they have been for years: focused on compliance–related services, battling compressed work schedules and lamenting the hourly rate pricing pressure?………
Is your practice like a leaky boat?
In a fast-moving business world, doing the same-old stuff is a recipe for disaster. In business, you have little choice but to evolve faster, and in a better way, than your competition. Just like a boat in a rapidly moving river, you need to be paddling faster than the water to be able to direct your raft.?….
Learning a lesson from a law firm
What can Aus/NZ bookkeeping firms learn from the rise and rise of Legal Zoom – a company that stole market share from traditional law firms, not by stealth, simply by offering a more compelling ‘story” than the traditional law firm?………
Achieving best practice through marginal gains
Where do we look for best practice when it comes to business or professional service firms? Industry benchmarks are good as are comparisons to other professional groups (bookkeepers can look to accounting firms or even law firms). But to get to the ultimate in best practice, think sport………
Singing from an old song-sheet
Are you singing from an outdated song sheet? Elvis records still sell but today’s more youthful business owners are more likely to be listening to Beyoncé or Shakira……..
Adding value to your clients
There is little doubt that SME owners are becoming better educated about financial matters, perhaps also becoming more aggressive in choosing their accountant and bookkeeper. There is a simple, compelling reason for this…….
Early Adopters and Laggards
We all know one – the person who is always first to try a new product or service. They can be both illuminating and annoying; they are the ones that tell you about Airbnb or Uber or the new version iPhone before you have even heard of the company or the product…….
Succession planning
For many practice owners, there will come a time when will need to seriously consider selling their practice. Whether this is for personal reasons or forced on them by market conditions, they will need to approach the process with caution and take control…….
The business mindset
A major hurdle for people buying a franchise is that, mostly, they end up buying themselves a job. So the retrenched executive spending her money buying into a muffin franchise ends up working a 70-hour week, probably equating to less than $25 an hour……..
Learning from the Tradie
The accounting and bookkeeping professions have much to learn from the trades. Doing business with a tradesperson today is a very different experience from three or four years ago. Getting a plumber or electrician is no longer a case of ringing around…….
Client’s A/R: the Low Hanging Fruit of Advisory
2016 is looking like a tough year for many of your clients. Debt recovery specialist and lawyer Roger Mendelson knows a thing or two about debt recovery, as his firm Prushka is the largest (non-listed) debt recovery firm in Australia…….
Prepare for the Rainy Day
How can businesses protect themselves in case the market turns against them? What’s the key to surviving – and thriving – in difficult times? There are all sorts of dangers ahead for business…….
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