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The Difference Between Being An Accounting Practitioner and a Business Owner
When a small business owner spends more time with clients than with their teams, it shows who they believe is of more importance to them. That shapes whether they see their business as an Accounting Practice or an Accounting Business, resulting in where they are today.
The difference between an Accounting Practice and an Accounting Business is as follows:
Practitioner
"Its quicker if I did this myself"
"By the time I train her I would have done it myself"
"If you want it done right, you just have to do it yourself"
"If I train her, what happens if she leaves"
"I don't want to grow anymore because the more clients have the more stress/pain I have"
"I don't have time as I am too busy"
Focus on the P&L (short term thinking) Focus on putting fires out
Business Owner
"If I train and invest in my staff then I won't have to do it next time"
"If I do it myself then I will be a prisoner in my business"
"If I don't spend time training her then when I am 65 I will still be doing it"
"If I don't train her, what happens if she stays"
"The more I invest in my staff the more clients I can take on without stress the more I want to grow"
"If I don't do the right kind of activities I will always be busy"
Focus on investing in the Balance Sheet (long term thinking) Focus on preventative activities like training staff and clients
Human interaction is a basic necessity; relationships are therefore essential. Since people devote so much time in their office, they can cultivate positive working relationships around a nurturing work environment of understanding, community, and support. This social aspect of work is vital for the development of a workplace where employees are engaged.
Employees respond well to the gratitude expressed by remembering their excellent work, showing that others value their work. Further more, as employees are respected, their happiness and efficiency increase, and they are driven to sustain or improve their good work.
Below is a great email you can send to your Team to show you care about them and how they feel because they are your greatest asset, and without them, you cannot grow and have a great lifestyle.
Hi Team,
As a business owner, I am interested in your level of happiness working here.
There are always challenges that face all of us, and working is no different.
I do care about how everyone feels. We are open to suggestions to improve.
It’s critical to the Management that we are doing our very best to make this place an excellent place to work, and any feedback is welcome – good or bad or somewhere in the middle.
Every person is essential to us, from the cleaner to every single client we have.
I encourage everyone to please participate in giving me your feedback on improving things around here?
I want to assure you your comments will be confidential and your feedback will never be disclosed to anyone else, and you are free, to be honest with your feedback.
We ask for it.
My only plan is to try and discuss and work with you to fix any concerns or issues or improve anything.
We are not going to blame anyone for anything.
Just focus on solutions and try and work out how we can be a better place to work.
But I need your help to help me make this a great place to work.
Looking forward to hearing from you
Contact us
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