While the focus for a large number of accountants at the moment is ensuring they have a solution for the removal of the accountants’ exemption, it is also important that they think about how they will meet their professional obligations when providing financial advice.
It may sound a little jarring but the world we live in does not need another accountant. In the same way the world does not need a new VCR or a new disposable camera. The world is moving ahead at breakneck pace and the accounting industry is the next to be left in the world’s wake.
Convergence, what a buzzword! ‘The Convergence Debate’ is the latest neologism in the mix, with various industry figures disputing whether brokers should also offer financial planning, and vice-versa. It’s a topic that has been getting a lot air time recently and I find it interesting to see how our industry is evolving. However, I think the ‘Convergence Debate’ is overlooking one very important element – and that’s your end client.
As business owners, it’s probably a fair assumption that we all want growth. But is your business really ready for the next step?
As our players in The Transformation Series discovered, and those of you who watched at home, ineffective management or a lack of preparation can leave you, your staff and clients a little bewildered.
No More Practice Education Pty Ltd
Level 1, 10 Shelley Street, Sydney NSW 2000
