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Accounting Firm With One Owner Sells Business for AUD $144 Million Dollar Profit

With an annual turnover of around £20 million and over 14,500 clients, it’s easy to see why private equity firms were on alert when Mr Simon Dolan decided to put his firm SJD Accountancy, up for sale in 2014. Sold to Sovereign Capital as part of a 100 million pound deal, Dolan, then 45, walked away with a clear £81 million ($144 million AU) in his pocket. But he is the first to admit growth didn’t happen overnight! He also readily explains that he didn’t receive outstanding growth doing things using traditional accounting methods of expansion.  Read More

Is Your Quality of Service High Enough?

The problem is that many accountants don’t really feel like they’re in a service industry. Instead, their position is accounting is an essential business and, being essential, it will automatically have clients. This leads to grist-mill firms that revolve around compliance work.   Read More

Which Remote Bookkeeping Software Is Preferred on Usability, Price, Support and Security?

Software programs used by bookkeepers is generally something chosen by the bookkeeper themselves or the company they are working for. Price is often a consideration when purchasing but can long term ease of use make up for up front costs, potentially saving your business thousands in the long run?  Read More

Not Growing Fast Enough? You Might Need To Clarify Your Strategy

One of the mistakes we see new firm owners make time and again is that they see the start of their firm as an end. This is not true. Throwing open the proverbial doors of your firm is only one step in many in building a business that pays you your true value. For this to work, you’re going to need a concrete game-plan.  Read More

Bad Hires Are Your Mistake

By using a personality test alongside the usual resumes and interviews you’ll end up with a much clearer picture of how a potential hire will fit into your firm. Now you’ll know not only what you’re hiring (the skill-set and experience) but whom you’re hiring, allowing you to build a more versatile team.  Read More

How to Properly Take Your Firm’s Temperature

It’s a fairly obvious thing to do – in order to figure out if your firm is blossoming or withering you set up a measuring stick and make a notch each financial quarter. What is perhaps not quite so obvious is what those notches should represent. An auto-shop can have the most efficient tools in the world, but the garage itself isn’t going to prosper if there aren’t happy clients wanting them to be used. So, in terms of your firm’s health, what should you be measuring instead?   Read More

Expertise is Marketing

You have great employees. You’re outsourcing. You’re a wizard at accounting itself. And none of it matters because you have no clients. That being said, what do you do if you’re a brand new start-up and you just straight up don’t have the money? It’s time to get the word out that you’re the expert accountant when it comes to something. Anything at all.  Read More

Should You Be Charging More?

There’s a common chain of events that plagues struggling accounting firms. To stay competitive there’s only one thing you can really do – lower your prices. And all the while you’re scrambling to grab up even more low-value clients which in itself costs more time, and of course it also means you’re continuously adding to your workload just to break even.  Read More

Tips for Attracting High-end Clients

If your firm is still in its infant stages, how do you attract these big-time clients? Let’s use this article to flip things around a bit and look at accounting firms through the eyes of an A-lister on the prowl for an accountant and/or business advisor.  Read More

Quick Tips to Help You Become a Better Leader

As you grow your firm’s team you’re going to discover that being an accounting wizard does not translate into being a top tier leader. The weaker your leadership skills, the more you’re going to have to make up for the lackluster performance turned in by your team. That defeats the whole purpose of bringing in new people in the first place. Happily, leadership qualities can be grown, just like your accounting skillset. Here are some leadership tips to keep in mind as you bring new people in under you.  Read More

BOSS (Back Office Shared Services Pty Ltd) is Australia’s premium accounting outsourcing provider supplying well-trained high-quality accountants and bookkeepers. To discuss your needs and how we can help, Book a Consultation NOW!

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