As the end of year approaches, many of us are reflecting on how well we’ve achieved the goals we’ve set out at the start of the year. It is also a time to set new ones for the year ahead.
Setting New Year’s resolutions is a worthy practice and it’s something that will help accoutning firms get on the front foot as soon as 2019 gets underway. Improve your accounting practice management style and build a stronger accounting firm with these easy-to-implement resolutions.
Invest in skills development
One of the best ways that accounting firms can better serve their clients is through implementing new technology and ensuring everyone knows how to use it. Training staff to use software programs and other technologies and tools will improve efficiency. Plus, there’s no better time of year to do it then in the New Year when resources are not swamped.
Reset business goals
The start of a new year is the best time to adjust your firm’s goals based on strategy and vision. Do you need stronger marketing channels? Alternatively, perhaps improving customer service is a higher priority? Figure out where the holes are in your business and how you will fix them in 2019.
Develop a digital marketing strategy
We’ve entered the digital era and no business can afford not to have an online presence. Digital platforms are used by customers to seek solutions and determine the reputation of service providers. You can be sure that your competitors are online, but are you?
Spend more time networking
Networking helps you find referrals for new business, build strategic relationships and get support and advice from like-minded accounting firm owners.
Find new ways to generate additional income
Are there any other services you can offer clients in addition to your usual ones? What other business management solutions and tools can you offer clients to improve their businesses? Not only will you be able to provide them with more value, but you’ll be able to improve your bottom line in the process.
Set up a regular content schedule
Be a point of reference for your clients by setting up a regular content schedule on your website. Post blogs about the latest trends and news that affect the accounting sphere and how your services offer them solutions.
You’ll achieve great success in 2019 if you make New Year’s resolutions that are focused on boosting productivity and profit margins. DMY & Associates offers valued consulting advice for Australian accounting firms, so schedule a consultation with one of our experts today.