Transcript
Page 1: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

The Market Place.... And the threats ahead.

Page 2: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Where are we now?• 1992 to 2007 the Economy grew by 2.68% pa • 2008 to 2009 the economy shrunk by 4.9%!

Page 3: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Page 4: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Page 5: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Whatever happens - remain agile

Further change is guaranteed therefore you must have a plan in place whilst remaining agile

“If you find change difficult you want to try redundancy”

Norman Swartzkoph

Page 6: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

The Digital March

Accountant 5 millionAccountants 3.35 millionAccounting 11 millionChartered accountant 823kAppsBlogsCloud and SDE

Page 7: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

The Digital March

Accountant 5 millionAccountants 3.35 millionAccounting 11 millionChartered accountant 823kAppsBlogsCloud and SDE

The rate of change & innovationwithin accountancy firms is less than the rate of innovation outside it

Page 8: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

It doesn’t work anymore!

Do what you’ve always done……………..

Page 9: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

It doesn’t work anymore!

Do what you’ve always done……………..

….and you’re unlikely to get what you’ve always got!

Page 10: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

The Big Disconnect

• From our prospects• From our clients

Do what you’ve always done…………….. and you’re unlikely to get what you’ve always

got!

Page 11: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

The Big Disconnect

• ICAEW Feb 2009!BEING UPDATED BY A AGE

• Only 39% of all accountancy firms have a website

• Only 22% of accountancy sole practitioners have a website

• 26% of all those believe their website has little or no value!!!

Page 12: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

The Big Disconnect – It doesn’t work!

From marketing realities• PPC• Relational telemarketing• Websites• Direct mail• Referrals• Blogs• Apps

Page 13: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

The use of smartphones is booming!

Page 14: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

B.Y.O.D

Page 15: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Are you being left behind?

Page 16: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Don’t get left behind

Check the reality with;•App’s•Apples to accounting•Mobiles to MYOB

Page 17: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

How does your website make you react?

Page 18: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Sadly, this website differentiates the firm.... In the wrong direction!

Page 19: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Page 20: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

30 enquiries in 16 weeks since going live

Doubled phone enquiries

Websites work!

How seriously are you taking yours?

Page 21: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

• How will your firm respond?• What steps are you already taking?• Three firms I’ve met with in the last week

alone have reported annual net growth of between 10-20%

Page 22: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Integrate

Page 23: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Key Threats still ahead...

• Apples to Accounting...• Your current clients...• Compliance fees...• Legislation...

Page 24: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

• How will you respond to the cloud?• Value is more vital than ever• Communication & Accessibility are key

Page 25: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Don’t traverse alone

…Don’t traverse them alone…

Page 26: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Proven consultants for the Accountancy profession

• David Oliver

• Joel Oliver

• Dan Richards

• John Braithwaite

• James Potter

• Richard Rouse

Page 27: Accountants   the market place and threats ahead - practice growth consultancy, sales for accountants by insight marketing

Consultancy | Training | Implementation | Online | Offline | Practice Growth

Trusted by....


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