Ready For A Change
Accountant's Minute 310
Are you hesitant to implement changes to your accountancy firm because you don’t know where to start?
This is not an uncommon problem. Many accountants have thought about diversification and have decided to implement diversification but never seem to find the time – there is always another compliance task that you think has to be done by you!
Sound familiar? Then I hope that the following comments will assist you and show you that you are not alone in being caught halfway between making a decision to “ implement change” and “getting started”.
These are some of the comments that accountants have made to me:
– “I’m growing tired of compliance”
- “I’m personally excited by the opportunity to provide Business Advisory Services to my clients”
– “I’m keen to start providing these new services”
- “I need the guidance, handholding and shortcuts from someone I can trust to
mentor me and get me confident with the marketing and execution of these new services”
– “I’m an experienced, qualified accountant and my firm has been in business for over 15 years – I have a growth mindset and I’m always looking for ways to continue to grow my business”
– “I wanted to do more than just taxation and compliance focused work”
– “I am a “ Trusted Business Advisor” to my clients – I want to serve them fully and broadly across the business”
Do any of these comments sound familiar?.
I find that a lot of accountancy firm principals are feeling that they have done compliance for too long and are at the point where it is now becoming repetitive and mundane. They believe (and I think quite rightly) that with their team in place it’s time to pursue more meaningful personal and professional engagements by serving their client base fully in more interesting ways.
They have decided that the “Trusted Business Advisor” title gives them the obligation but also the opportunity to invest time and energy in developing new skills so that they can grow with their clients and enjoy the journey in assisting their clients to “Add Value” to their businesses in a wide range of activities of which the following is a sample:
- By identifying clients and/or prospects who are undertaking research and development and assisting them to receive the benefits of the Research and Development Rebate
- Assisting clients who have completed their research and development phase to understand the government grants that are available and perhaps to assist them in submitting an application for an Accelerating Commercialisation Grant – this is a grant of up to $1,000,000 on a 50% basis to assist with the commercialisation of a Research and Development Project
- One of the consistent problems for most aspiring entrepreneurs who have undertaken Research and Development projects is that they run out of money. You could assist them by:
briefing them on the “Early-Stage Innovation Company Capital Raising Process”
Preparing the Business Plan
Preparing the Predictive Accounting Reports – Budgets, Cash Flow Forecast and Projected Balance Sheets
and, then undertaking the Due Diligence Process to assist your client’ s company to become an “ Early-Stage Innovation Company” and
then, raise capital from investors and incidentally the investors are able to receive significant taxation benefits from investing in this type of company.
- You could then elect to accept appointment as the “ Chief Financial Officer” of the company (which probably will not be large enough to appoint a full-time CFO)
Is this the sort of journey that would interest you and there are many others that you could undertake utilising the ESS BIZTOOLS Business Advisory Services Systems?
We can assist you to develop a strategy of how you can commence the journey of crossing “ the gap” from “ HAVING MADE A DECISION TO DIVERSIFY YOUR ACCOUNTANCY FIRM SERVICES TO ACTUALLY DOING SOMETHING ABOUT IT.”
Why not visit www.essbiztools.com.au to gain an understanding of the types of services that ESS BIZTOOLS provide or better still give me a ring on 1 800 232088 where I will happily discuss your vision and how you can commence your journey across “the implementation gap” in a free no obligation conversation that will require you to invest about 45 minutes of your time?
ESS BIZTOOLS has an extensive range of product packages (32 in total) to assist Accountants, Business Advisors, Chief Financial Officers Servicing SMEs And Bookkeepers to Deliver Evaluating Services to SME Clients and Prospects.
Whilst there is still a lot of uncertainty in the business community we have EXTENDED OUR SPECIAL 55% DISCOUNT ON ALL OF OUR PACKAGES UNTIL MONDAY, 21 FEBRUARY 2022 – however now is the time to gear up to provide a broader range of services to your clients and to offer interesting and challenging work to your team because the Reserve Bank is predicting that unemployment will only be 3.7% during this year. This is the lowest rate for approximately 50 years and will probably herald in a boom year which will tempt some accountants to seek opportunities elsewhere if they are not engaged in undertaking challenging and interesting work. (Accountants Daily reported recently that 70% of accountants were looking around for new positions)
The following posts and videos hopefully will assist you in getting ready for a change:
Click here to read: “Accountants Ready for a Change?” Or you can watch the video recording click here
Click here to read “Where Do You Start to Deliver Advisory Services” or you can watch the video recording click here
Click here to read “Vision Identification Is Important” or you can watch the video recording click here
Click here to read “Who Are Your Clients” or you can watch the video recording click here
Click here to read “What Diversification Services Could Your Firm Offer” or you can watch the video recording click here
Click here to read: “Predictive Accounting – a Great Enabler!” or you can watch the video recording click here.
Click here to read: “Key Drivers Are the “Engine Room” of Budgets” or you can watch the video recording click here.
Click here to read : “Budgets Should Be Based on Key Drivers” or you can watch the video recording click here.
Click here to read: “Cash Flow Forecasts Tells a Story” or you can watch the video recording click here.
Click here to read: “Projected Balance Street Illustrates the Vision Financially” or you can watch the video recording Click Here.
Click here to read: “Cash Flow Management Is Important” or you can watch the video recording click here
Want to know more about ESS BIZTOOLS?
Please visit our upgraded website – www.essbiztools.com.au and www.essbizgrants.com.au to review the product packages and we invite you if you are impressed to subscribe before close of business Monday, 21 February 2022 to obtain the outstanding 55% discount that we are offering to assist you to get ready to meet the challenges of 2022.
Free Strategy and Demonstration Session?
You are invited to “Book A Free Strategy and Demonstration Session” on ESS BIZTOOLS with Peter Towers, Managing Director, ESS BIZTOOLS to gain a better understanding of the services that are available within ESS BIZTOOLS and ESS BIZGRANTS?
You can book a demo at www.essbiztools.com.au or contact Peter Towers:
