|
There are many examples to share including focusing
team effort to increase turnover by 70% by the mid-term and 30% at
the end of the year. That was the result that we achieved after getting
the team on board and owning the targets which we monitored using
Advance practice management tools. The financial result was great
but in addition it forced the work to be carried out in a more ordered
manner which meant that the January Self-Assessment deadline was
easier to manage.
In
order to maximise efficiency any system must become ‘owned’ by
all of the team – if the systems are imposed then it
will be natural for team members to pull in different directions
and
as a consequence it is hardly surprising that any system will
fail. Systems are necessary if quality is to be controlled and for wasted
effort to me minimised and hopefully eliminated. Our experience
indicates that professional firms run at less that 50% efficiency
and sadly accountancy practices are no exception.
Some of the benefits of getting it right include:
- Increased
profits
- Better
cash flow
- Less
stress
- Effective
delegation
- Providing
time to enable you to work on your business
- Giving
you time to enjoy family, friends and hobbies
|
