The Sector is Being Disrupted

The Sector is Being Disrupted

In my opinion there has never been a better time to start an accountancy practice than right now.

It’s often said that the sector is being disrupted, it really is. Technology means that work can be completed quicker and easier and from anywhere with an internet connection.

The traditional 9-5 working day… is a thing of the past

Cloud technology means a higher level of services with more client contact is possible. The traditional 9-5 working day spent in an office is a thing of the past. Work can be completed how and when you want (provided the deadlines are met). Work can be scheduled to fit around your life, rather than being the other way around.

Big established firms will struggle

Making Tax Digital has already seen the start of huge opportunities. Businesses forced onto cloud platforms by accountants who haven’t planned adequately or provided the necessary training for a smooth transition, will look to the market to find a better level of support from tech savvy, client focused accountants. Big established firms will struggle to change and make the transition to providing services at a 21st century digital level.

You could have the business you want and run it the way you want

If you can embrace this change, you could have the business you want and run it the way you want. Now let’s be clear there will be months, even years of really hard work. If you want to make big gains and quickly, you need to be prepared to work really hard and I mean 60+ hours on a regular basis at the start.

Put the hard work in early and you will reap the benefits

Over this series of 10 blogs I’ll focus on the changes I made in my practice which enabled me to get where I am today. By reading and implementing some of these ideas hopefully you can get to where you want to be in a quicker, easier and more enjoyable way.

In the next blog, ‘Where, When and How of Doing Work Effectively’, we’ll be looking at some of the changes I implemented in the services and processes I use.

If you’re ready to start or are already running your own accountancy practice, here are 5 ways I can help you run the practice you want, the way you want:

1.      Get in touch and arrange a free 30-minute discovery call.

2.      Read my e-book about how I transformed my practice.

3.      Attend one of our regular Mastermind Events.

4.      Join one of our Mastermind Groups.

5.      Work with me on a 1-2-1 basis.