Leadership – You Need The Respect And Support Of Those You Lead!

Accountant's Minute 154

Welcome to Accountants Minute.

Good leadership is needed in every type of business – including accountancy/business advisory businesses!

Accountants/business advisors have two important groups to which to offer leadership – your team and to offer leadership/counselling to your clients.

Where do you start in understanding leadership?

Firstly, distinguishing between management and leadership.

They’re both different, but interdependent, and must be closely related to be fully effective.

  • Management is essentially about the establishment of organisations, structures, processes and procedures, including:
  • staffing
  • management of costs
  • implementation of ideas
  • team training
  • Leadership is about creating the environment in which people work willingly together to achieve commonly agreed ideas and goals.

Leadership skills are required in every segment of the business.

Whilst very few people are “born leaders” – most need to develop leadership skills by training and real-life experience.

The key components of developing your leadership skills are centred on an understanding of:

  • teams and teamwork – an understanding of what is fundamental to good leadership
  • coaching and counselling of members of the team
  • solving problems and making decisions
  • morale of the team for which the leader is responsible
  • motivation of the team – developing ideas/strategies and “selling” these ideas and strategies to the team
  • developing relationships – so that the leader has an understanding of the “challenges” that the team member is facing
  • trust and delegation – leaders cannot do it all themselves – they have to inspire the team to go forth and implement – this is delegation.

Accountancy businesses are facing significant challenges relating to developments within the marketplace including

  • digital disruption
  • outsourcing
  • competition
  • diversification
  • answering “should your firm develop new income streams”?

Many of your business clients are seeking advice on a broader range of commercial matters that many SMEs believe accountants should be able to supply.

This is where leadership skills are going to be very important for your accountancy/business advisory business’ future and also your ability to retain and supply the services that your clients require.

ESS BIZTOOLS has a full leadership package developed by Peter McDougall AM, Managing Director of The Leadership Academy.  This package will guide you through the development of a knowledge and understanding of leadership skills required by today’s accountants.

A world-renowned leadership writer, Professor John Adair, said “It is easy to be appointed to a senior management position, but that appointment is not recognised until the manager has gained the respect and support of those being led”.

Why not visit www.essbiztools.com.au and click on Leadership Package to see how ESS BIZTOOLS can assist you and your colleagues on your leadership journey?

If you have any questions, please do not hesitate to send me an email – peter@essbiztools.com.au or telephone me on 1800 232 088.

Have a great day!

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Episode 154 - Leadership – You Need The Respect And Support Of Those You Lead!

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Leadership – You Need The Respect And Support Of Those You Lead!