Monday, November 6th, 2017

You Don’t Need A Crisis

“Things may come to those who wait, but only the things left by those who hustle.” – Abraham Lincoln

Inside a growing accounting firm, there is a lot of work going on. Some of it is performed quickly but a lot of it is slowly making its way through the pipeline. In accounting firms it is called WIP (work-in-process).

Then a crisis appears on the horizon (called a tax due date or an audit client’s board meeting). That due date (or crisis) pushes people forward.

Inside an accounting firm, there is also a significant number of internal improvement projects and strategic initiatives moving a lot more slowly than the client work. I describe it as partners (owners) being very comfortable with status quo. They have been successful over a period of year and have become complacent. “I’m making really good money and doing things that are easy for me, why change?”

It will also take a crisis to speed up these very important tasks. If you procrastinate too long, your competition will leave you behind. The business world is changing rapidly.

I like this advice from Seth Godin:¬†If you’re the kind of person that needs a crisis to move forward, feel free to invent one.¬†

For the good of the firm and for the future of the firm, create internal deadlines relating to management projects – – don’t allow extensions!

  • "My advice is to never do tomorrow what you can do today. Procrastination is the thief of time."
  • Charles Dickens

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