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The Premium Practice of Tomorrow
1:30pm AEST on Thursday 1 October 2015
Recent Popular TA’s You Might Have Missed…
Here are the most popular Thought Activators I’ve written over the last few months. You can also view the entire list here.
#1. [TA74] The Real Business Numbers that are Driving Your Practice
SUMMARY: Andrew reveals five supplementary KPI’s that are above and beyond your standard benchmarking measures. These additional data points are designed to specifically to help Accountants make better decisions as they implement growth strategies.
Article breaks each KPI into relevant components, explains how the data point enhances your decisions and provides examples of how to use them.
#2 [TA69] It’s Easier Not to Change (Barrier #1 in the ‘Change for Accountants’ Series)
SUMMARY: Why is change so hard for Accountants? This article looks at traditional and industry barriers. Includes a summary of many unsuccessful attempts Andrew’s firm made as they tried to improve a write-off rate of 12.5% and the keys to overcoming the power of inertia for those wanting to grow their firms today.
#3 [TA72] Partnerships are Complicated (Barrier #4 in the ‘Change for Accountants’ Series)
SUMMARY: Why the process of democracy makes partnerships so hard, and why they are complicated. I also highlight two keys to help you grow a multi-partner firm and add my two tips to help you overcome complications that you may already be facing.
#4 [TA70] Traditional Industry Patterns Do Not Support Change (Barrier #2 in the ‘Change for Accountants’ Series)
SUMMARY: Have you become too busy through traditional processes? Are you failing to recognise when changes are needed and action is required? I look at how you overcome established patterns that may be holding you back and how to successfully measure New Product success, so you can make an objective decision about it’s future.
#5 [TA85] How Charge Out Rates Lower Your Profitability
SUMMARY: Just because charge out rates have worked for you in the past, doesn’t mean they will continue to serve you. This article covers the pros and cons of using them, including my best recommendations for more effective methods where necessary.