Is Your Firm The Necessary Evil?

Once upon a time there was a software vendor who served the accounting profession.

Their software was easy to use, strongly backed in terms of finance and personnel but was in direct competition to another software vendor who’d had years of a head start to work with accountants.

The thing is, this newer software not only possessed important features that the main competitor didn’t, but it was also a better solution for many of the clients that an accounting firm served.

Yet, when the software vendor asked the accountant to consider their solution as an OPTION not a REPLACEMENT; the accountant told them that they would never consider using anyone other than their existing solution.

“Is that what’s best for your clients?”, asked the software vendor to the accountant.

“What’s best for our clients hasn’t factored into our decision making”, came the depressing but entirely predictable reply from the accountant.

Please remember this week’s anecdote. The next time a business won’t change to your firm, won’t pay your price, won’t think what might be their best solution, and cling purely out of loyalty to an existing firm of accountants who may or may not be the best fit for them. This is what you do too.

Never be the firm, so blinded by process, routine or marketing indoctrination; that you’re ever guilty of saying ‘what’s best for the client hasn’t factored into our decision making’.

That outlook is the reason why business owners come to think of you as a ‘necessary evil’ rather than an asset to their businesses and it’s been going on too long.

To your success

Martin Bissett

Picture of Martin Bissett

Martin Bissett

Martin Bissett is the founder of the Bissett Group of companies including data, software and digital communities such as APT, CAS, AIR and PAR.

Previously he established a high six figure consulting firm while serving as a keynote speaker with over 100 one off and repeat engagements to his name, as well as becoming the most published author on his topics of specialism with 14 books including 1 bestseller.

Since 1998, he has played a major part in working with over 2000 accounting firms in over 44 countries. These projects have led to those firms acquiring over £500m of recurring fees (before inflationary increases, referrals and upselling are factored in). He stopped keeping track of this number over 5 years ago.

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