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What can the accountancy profession learn from the Golden Bear?

By: Vishal   |   03 Dec 2015  |  
Tags: Outsourcing

Jack Nicklaus, nicknamed the Golden Bear, is widely regarded as the greatest professional golfer of all time, winning a total of 18 career major championships, while producing 19 second and 9 third-place finishes.

Many of worlds’ best golfers have one thing in common - they value the time to practice and hone their game.

Paul Shrimpling of Remarkable Practice tells us that what we achieve in life and business is determined wholly by how we use time. Apparently for half of our waking hours we behave habitually - we’re literally on autopilot.

I recently spoke to one of our accountancy firm clients to find out whether they were happy with QXAS’s service and to understand why they do not make more use of outsourcing. He responded by telling me that he could not fault the quality of our work and that the only reason they did not use us more was because they could not break the habit of hiring expensive staff.

In his welcome to the ICAEW Practice Management Conference, Institute President tells members that “to remain successful and dynamic, practitioners must adapt to change and keep ahead of new developments to grow their businesses”. 

Based on my various meetings with accountants it is clear that changing habits is not going to come easy. Too often am I hearing the line ‘I’m too busy to look at your proposal’.


Is reviewing another tax return more important than looking at business transformation?

Whilst I appreciate that change does not come easy, the fact is that the technological revolution we are living through will continue to disrupt the accountancy profession and force us to adapt whether we like it or not.

As well as the quote from Charles Darwin, Jack Nicklaus tells us that success depends almost entirely on how effectively we learn to manage the game’s two ultimate adversaries: the course and ourselves. 

In my world, the game is the ‘accountancy profession’ and its future lies in the hands of those people who know how prioritise what’s important.

Image source: Banner, 1.

About Vishal Kurani

My name is Vishal Kurani, the author of the QXAS blog and I appreciate you stopping by! I help accountants gain Accounts Outsourcing knowledge through my easy to follow blogs and guides. Download my free guide "The Accountants Guide to Making Payroll Profitable" to learn how to make payroll profitable for your accountancy practice.