Accounting practices and financial planning businesses are valued in different ways. Arguably the different methods can produce different results. The differences in reality are more artificial than real.
We all have a ‘local’ when it comes to coffee. But what is it about your ‘local’ that keeps you coming back?
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.
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.
We are all familiar with the phrase ‘the evolution of advice’. We are hearing it more and more. In fact, here on this platform we are seeing a shared resource for financial planners, accountants and mortgage brokers. But while the number of mortgage brokers who are converging on the financial advice sector, and vice-versa, is increasing, it remains a challenging cultural and regulatory area.
In part one, I explained the five tips you can use to make clever, informed purchases of great technology for your practice.
If you’ve taken those on, here are 5 more helpful hints to turn you into an even smarter tech buyer.
Like a hunter, a strategic investor has a clear intent – to get a return further down the line. But too many business owners make the mistake of focusing only on the numbers when preparing to sell.
Like most business owners, I have spent many years working very hard on a business that I am extremely passionate about. It has always been a priority in my life and I have received great satisfaction from seeing the level of quality in things we have created.
We’ve all heard it before, change is a constant.
In an organic business environment like ours, how do you make sure you can continue to run your business successfully; while at the same time being aware of what is changing in the industry in order to identify potential threats or opportunities?
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