Category Archives: Technology

Cryptocurrencies: Be Afraid

What is a cryptocurrency and why should we care? Before dismissing it as another fad, consider that Fast Food giant Burger King has partnered with blockchain platform Wave to launch its own crypto-currency in Russia called WhopperCoin. Customers who buy the chain’s popular Whopper burger are now able to receive one WhopperCoin via digital wallet for every rouble they spend; a Whopper burger can be bought using this virtual currency.…

Why this? Why you? Why now?

Where is the low hanging fruit for bookkeeping professionals? A majority of firms who we class as high performing firms (download survey study) target existing customers to upsell higher value or advisory services. It makes intuitive sense because questions asked by a prospect you have not worked will often be focused on the negative.…

Make Your Firm More Valuable

Are you taking action to make your firm more valuable? And, does it matter anyway? Look for example, at what is happening in the accounting sector: the value of a firm is directly related to the degree to which the firm has adopted technology.…

Discovering Your Mojo

In his talk at the recent Sydney Writers Festival, Thomas Friedman, the Pulitzer Prize-winning author and New York Times columnist, spoke about mindsets and the skills needed in order for people to have successful careers. One essential skill identified is a capacity to think like an entrepreneur.…

The Disruption Index

The Disruption Index tracks change in the bookkeeping services sector, and the broader accounting eco system of suppliers, vendors and app developers. Accounting and bookkeeping services are undergoing disruptive change thanks to a rapid adoption by small business customers of digital solutions offered by accounting software providers, disintegrating time-based business models and a changing competitive landscape.…

Singing from an old song-sheet

Are you singing from an outdated song sheet? Elvis records still sell but today’s more youthful business owners are more likely to be listening to Beyoncé or Shakira. The ‘role’ or the ‘song sheet’ for today’s accountant or bookkeeper has changed dramatically due to influence from new technologies and the shift to cloud solutions.…

Uber & Robots: a threat to bookkeepers?

Uber, the ride-sharing company has shaken the taxi and hire car business model, forever changing the structure of the industry and the behaviour of the consumer. Airbnb and Upwork have had similar impacts on the accommodation and freelancer sectors. Each is evidence of a rapidly expanding on-demand economy.…

Are you too busy to keep up?

Here’s a sobering thought: a business owner can now take the ‘pulse’ of her business while sipping a cocktail on the beach in Bali. The “monthly figures” are now a thing of the past – everything is available in real time.…

Are We At a Tipping Point?

We’re on the cusp of a revolution the likes of which we have never seen before. There will be jobs that disappear; there will also be new jobs and new ways of doing business. Consider the big new names in business that didn’t even exist 15 years ago: Uber the world’s largest taxi company, that owns no vehicles; Facebook which is, arguably, the world’s largest media company and creates no content, Alibaba which is the world’s most valuable retailer and has no inventory and for travellers, Airbnb, the world’s largest accommodation provider which owns no real estate.…

Your Digital Platform

As reported in B&T Today, the former News CEO argued that all the power had shifted to the consumer and media businesses – primarily the print ones – had failed to acknowledge that.
“Those who ignore the essential elements of that change where consumers are now genuinely in charge, are destined to fail,” Williams said.…