It’s finals time! And as the pressure builds, so do the clichés – talk of ‘structures’, ‘KPIs’, ‘following the process’, ‘our brand of football’, and the perennial favourite, ‘taking it one week at a time.’ Elite sporting organisations have borrowed heavily from business over the last decade, bringing in numerous business ideas and terminologies to drive performance in the pursuit of excellence. But there are just as many powerful insights business owners can learn from elite sport. And I … [Read more...] about 11 things SMEs can learn from sport
Archives for September 2015
It’s a brave new world. Accounting has been transformed by numerous significant technological and operational changes that have forever altered our relationships with clients – changes which provide significant opportunities for our clients to grow and prosper. But change can be challenging. Confronting. Frightening. Especially for traditionally conservative accountants. But with change comes opportunity. If you can embrace it, you can transform your relationship with clients – and … [Read more...] about What does the future hold for today’s Accountant?
Australia’s SME revenue performance has hit heights not seen since September 2011, and revenue decline is on the, um, decline. And no, it’s not simply a Turnbull bounce. The strongest SME revenue performance of the last four years, and five year low in the proportion of businesses experiencing revenue decline, was captured in the March 2015 MYOB Business Monitor. But if the Canning by-election is any guide, this confidence will only be bolstered by Malcolm Turnbull’s rise to PM. In his … [Read more...] about Is high SME confidence just a ‘Turnbull bounce’?
After leadership rumblings that seemed to last longer than his just-shy-of-two-year term as PM, Tony Abbott has exited stage left. Whatever your take on the Abbott Government’s achievements, what seems clear from the sidelines is 1) if Tony had a clear vision for the country, he failed to let us in on it, and 2) his PM-ship seemed destabilised to the point of being terminal. Our 29th PM, Malcolm Turnbull, cited Abbott’s inability to provide ‘economic leadership’ and ‘the economic confidence … [Read more...] about What SMEs want from PM Malcolm
When the going gets tough, Aussie SMEs turn to their accountants first. That’s one of the findings of the most recent MYOB SME Snapshot survey. Not that this is surprising. I’ve seen first-hand how technology changes such as the rise of cloud accounting have helped businesses reduce administration tasks and increase cash flow. The flow-on effect, and the most profound impact of cloud accounting, has been to free up Accountants from a compliance focus so they can move from bean-counter to … [Read more...] about Accountants do it better
I gave up long ago on the dream of a totally paperless office. The predictions weren’t worth the paper they were printed, scanned, filed and archived offsite on. It’s simply a bridge too far for service industries like accounting and legal. Well, we’re one step closer. The relentless march of technology has struck another blow in the endless paper war. I’ve used electronic signatures for a while now – mostly for keynote presentation agreements – and they tick all the boxes: safe, … [Read more...] about New tools to fight the paper war