Category: Business

The number 1 sin for an accounting practice is failing to reinvest in the practice. There can be the temptation in business to run ...

A business strategic plan details the methods by which a business sets out to achieve its objectives. Typically a business strategy will cover a ...

At June 2015 the ATO advised that there were 556,998 self-managed super funds in Australia with 1,049,840 members. During the 2015 financial year 32,073 ...

Two focus strategies for the accounting industry include narrow service line and customer segmentation. The narrow service line involves practices providing a very narrow ...

According to Michael Porter the worst strategic error is to be stuck in the middle, or to try simultaneously to pursue all the strategies ...

‘Purple Cow: Transform Your Business by Being Remarkable’ is a 2003 book by Seth Godin. The book advocates that companies produce remarkable products and ...

The overall cost leadership model is not a profitable strategy for accounting practices for four reasons: Practices with no staff where the principals do ...

An overall cost leadership strategy involves providing products or services at a lower cost than your competitors and then charging lower prices than your ...

The problems practices encounter once they have established their own financial planning practice include: The accountant’s personality. Most accountants are not sales people and ...

Accounting practices that want to grow their value added practice revenue should: Firstly, procrastinate no-longer. Just get started with one easy to implement value ...