Comments on: Whenever you find yourself on the side of the majority, it is time to pause and reflect. http://theconsultingaccountant.com/2008/07/whenever-you-find-yourself-on-the-side-of-the-majority-it-is-time-to-pause-and-reflect/ Confessions of a Lazy Accountant... Mon, 21 Nov 2011 04:37:27 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matthew Tol http://theconsultingaccountant.com/2008/07/whenever-you-find-yourself-on-the-side-of-the-majority-it-is-time-to-pause-and-reflect/comment-page-1/#comment-21 Matthew Tol Wed, 01 Oct 2008 02:04:23 +0000 http://beta.principa.net/wordpress/?p=10#comment-21 Ric, I used the same observation by Twain years ago in an article I wrote at the request of David Connell. Always good to review the status of the profession and make the changes that are going to position you well for the next 10 years - not the next 10 weeks! Cheeers, Matthew Ric, I used the same observation by Twain years ago in an article I wrote at the request of David Connell.
Always good to review the status of the profession and make the changes that are going to position you well for the next 10 years – not the next 10 weeks!

Cheeers, Matthew

]]> By: Stuart Jones http://theconsultingaccountant.com/2008/07/whenever-you-find-yourself-on-the-side-of-the-majority-it-is-time-to-pause-and-reflect/comment-page-1/#comment-20 Stuart Jones Wed, 01 Oct 2008 02:04:07 +0000 http://beta.principa.net/wordpress/?p=10#comment-20 As a UK firm I’m waiting for the next post Ric. As a UK firm I’m waiting for the next post Ric.

]]> By: Kerry King http://theconsultingaccountant.com/2008/07/whenever-you-find-yourself-on-the-side-of-the-majority-it-is-time-to-pause-and-reflect/comment-page-1/#comment-19 Kerry King Wed, 01 Oct 2008 02:03:46 +0000 http://beta.principa.net/wordpress/?p=10#comment-19 Ric, I agree with you recommendation to take part in the Businessfitness G, B and U survey. My assessment of the reason that the gap between the U and G practices exists comes down to 3 factors. The first is the skills and expertise gap which is pretty well self-explanatory. The second is the systems and efficiency gap which I think is also self explanatory. However the third is a little less defined and this is the ‘culture’ gap. My guess is that the ‘culture’ gap will make up the biggest percentage of the 3 gaps between a practice which is ‘good’ and the the one that is ‘ugly’. In fact I’ll go further by saying that without a great culture the other two have little chance of improving the financial performance of the practice or any business for that matter. Unfortunately the culture gap is the one that is most difficult to measure in terms of its financial impact but it certainly isn’t hard to measure in terms of it’s existence or absence as the case may be. If measured, my guess is that the culture of the ‘good’ practice will be streets ahead of the ‘ugly’ practice or as I said earlier, any business for that matter. Ric, I agree with you recommendation to take part in the Businessfitness G, B and U survey. My assessment of the reason that the gap between the U and G practices exists comes down to 3 factors.

The first is the skills and expertise gap which is pretty well self-explanatory. The second is the systems and efficiency gap which I think is also self explanatory. However the third is a little less defined and this is the ‘culture’ gap.

My guess is that the ‘culture’ gap will make up the biggest percentage of the 3 gaps between a practice which is ‘good’ and the the one that is ‘ugly’. In fact I’ll go further by saying that without a great culture the other two have little chance of improving the financial performance of the practice or any business for that matter.

Unfortunately the culture gap is the one that is most difficult to measure in terms of its financial impact but it certainly isn’t hard to measure in terms of it’s existence or absence as the case may be.

If measured, my guess is that the culture of the ‘good’ practice will be streets ahead of the ‘ugly’ practice or as I said earlier, any business for that matter.

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