Why are accountants unknowingly risking it all?
Yes we are living in challenging times.
Winning new high-value clients for your accountancy firm is getting tougher.
Retaining existing high-value clients in your accountancy firm is getting tougher too.
But which gets your best attention, your best energy and your focus – client care or winning new clients?
Compare and contrast…
One is a run-of-the-mill, day-to-day, steady-as-she-goes activity – client care.
The other has the rush of something new, more fees, more profit, more capital value – that’ll be winning new clients.
Yes, both need to be part of the mix in your accountancy firm.
But should client care ever take a back seat to winning new clients, even if they’re high-value new clients? Should you ever postpone a diary appointment or file review for an A-grade client in favour of seeing a new client? I think not.
Yes winning new clients injects some optimism, excitement and verve into your firm. But successfully retaining clients re-affirms your firm’s reputation and trustworthiness.
Every time I would argue for client care first new clients second.
It becomes a so obvious and necessary priority when you acknowledge that the number one source of new high-value clients tends to be recommendations by existing clients.
Client care first new clients second is the order of things if you’re committed to long term success.
Dull and day-to-day it might be but the capital value, future profits and future growth of your accountancy firm depends on the quality of your firm’s customer care.
For a mesmerising story about the value of client care check out this quick-to-read 4-page report you’ll want to share with your colleagues.