Tag: accountant
Practice Sin 1 – Failing to Reinvest in the Practice
The number 1 sin for an accounting practice is failing to reinvest in the practice. There can be the temptation in business to run ...
Focus Strategies for the Accounting Industry
Two focus strategies for the accounting industry include narrow service line and customer segmentation. The narrow service line involves practices providing a very narrow ...
Accounting Practices Stuck in the Middle
According to Michael Porter the worst strategic error is to be stuck in the middle, or to try simultaneously to pursue all the strategies ...
A Purple Cow Practice
‘Purple Cow: Transform Your Business by Being Remarkable’ is a 2003 book by Seth Godin. The book advocates that companies produce remarkable products and ...
Differentiating Your Accounting Practice
Differentiation is the process of distinguishing a product or service from others, to make it more attractive to a particular target market. The concept ...
Strategies for Providing Value Added Services
Accounting practices that want to grow their value added practice revenue should: Firstly, procrastinate no-longer. Just get started with one easy to implement value ...
Identifying Business Opportunities
Operating a small business is one of the most rewarding yet challenging experiences and the difference between business success and failure is sometimes marginal. ...
Accounting Industry Performance 2015/2016
For 2015/16 the total Australian accounting industry revenue only grew 3.2% or $580m to $18.7bn. In contrast the big 4 accounting practices grew their ...
Under-35s Are Shunning Accountants
A recent survey has shown that for under 35’s – 50% prepare their tax return themselves or get family and friends to do it ...
What I Want from My Tax Accountant as a Small Business Owner
I run a digital marketing business, Pixelpi. As a small business owner, I don’t have a lot of time to spend on accounting. In ...