“As long as there’s a tax in the country, there’s always going to be tax changes. When then whenever this tax changes, you always need an accountant.”
If you want to transition your Self Employment into a Business or scale your small business into a larger business that can work without you, you need to understand much more than doing the technical work.
Every business is made up of different levels of management and team members.
“Playing people in their flow” is essential to an effective team.
Where most Accounting Firms go wrong is they build “Shallow and Wide” teams instead of “Deep and Narrow” Teams.
Shallow and Wide Teams are like 5-year-olds playing soccer, everyone is chasing the ball with no structure and no set positions.
That’s how Shallow and Wide teams work in an Accounting Firm – whoever is available gets to do the work.
No thought is given to the fact that traffic flow in an accounting firm is broken down into Communication Traffic and Production Traffic. And there are 2 different personalities to handle the 2 different traffic flows.
Firms then just throw bodies at their workload believing the more people they have, the more that can be done.
This is akin to doubling the number of 5-year-olds on the soccer field believing that the more videos the more likely they will score a goal.
In fact, the opposite happens and there is less likely a goal will be scored and more chaos because they are overcrowding each other and getting in each other’s way.
So, start with your Ideal Team Blueprint (like positions in a soccer team) and then recruit the right staff to fill those positions so you are playing people in position, and not out of position or worse still, everyone simply chasing the ball.
I hope this helps.
Ed Chan | Wize Mentoring | www.wizementoring.com
PS. If you’d like to receive a Friday tip from me every week to your inbox along with $10,000 worth of bonus growth tools, sign up to my FREE Friday Tip email newsletter at https://www.wizementoring.com/wizetip/
As a way of giving back to the Accounting Industry, Ed now contributes at a Board and Strategic level to many independent Accountancy Firms, helping them improve their efficiencies and run better businesses, resulting in better work-life balance through Wize Mentoring.
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