Before we answer this question, it’s worth pointing out that your firm will likely already be doing plenty of things right strategically.
But what holds most firms back from working more on strategy is a sense of being overwhelmed by the essential day-to-day work of tax, accounts, audit and other related tasks, not to mention the workload arising from client emails, calls and meetings, and the pressures that come from leading a team of people, all the while ensuring that compliance requirements are being met!
Investing time and effort in good strategy can feel like a stretch too far for many firms, despite the fact that good strategy could be the way out of that sense of being snowed under.
Good strategy can and should help resolve key challenges, bring sustainable competitive advantage and instil a sense of meaning and enthusiasm for the work done by all of your stakeholders – your team, your clients, your prospects and your contacts.
Good strategy can and should also improve fees, profits and capital value growth and should lead to a reduction in stress!
Taking time out to work on and commit to your firm's strategy sets you up to reach the long-term goals you seek.
Check out the articles below with links to resources and actionable next steps to help you:
Strategy – you have probably heard this word bandied about in many business scenarios, including your own. But what does strategy actually mean? The dictionary defines strategy as: “a plan of action designed to achieve a long-term or overall aim” or “the art of planning and directing overall military operations and movements in a war or battle” Your accountancy firm,
Read MoreWhat’s holding your firm back?Before we answer this question, it’s worth pointing out that your firm will likely already be doing plenty of things right strategically.But what holds most firms back from working more on strategy is a sense of being overwhelmed by the essential day-to-day work of tax, accounts, audit and other related tasks,
Read MoreSome business owners fall into the trap of thinking that strategy is a wish list of things they would like to do. For example: grow by 10%, recruit more staff, open another office, upgrade the computer system. This is not good strategy – this is a wish list. Good strategy is about identifying the biggest and most
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