If, like most businesses, you are faced with the constant need to keep up-to-date, to move your business forwards, it is worth reflecting on any positive spin you could apply to the apparent hassle these changes cause.
This should be of interest to accountants as any changes in legislation presumably requires them to adapt or offer new services to clients to cope with the new demands?
Change could therefore be seen as the precursor to opportunity rather than an excuse for yet another hand-wringing session.
In certain circumstances, change (new legislation, Brexit and so on) may create the need for novel solutions to old problems – if the existing work-around will no longer apply – or new solutions to new problems.
In both circumstances, accountants are ideally positioned to engineer win-win outcomes: solutions for their clients and increases in billable hours.
The definition of the word “opportunity” points to a favourable time or a set of circumstances that make it possible to do something, perhaps the “something” had no traction prior to the change.
Currently, we have included posts to our newsfeeds for practitioners on an increasing number of articles that point out the work that needs to be done to avoid the worst of any EU exit disruption. Hopefully, accountants will have considered the needs of clients and used these updates to promote the risk assessment and planning required. No doubt this work has been paid for.
There is a natural reluctance to embrace change, however attractive it may seem. We all have a natural tendency to embrace the status quo. No doubt the trick is to link the two and look for opportunity where there only seems to be no opportunity.