COUNTING THE FUTURE

Small business and accountancy trends that can fuel Aussie enterprises.

S mall business owners are the engine room of Australia and those that have survived the last two years are looking to fire up for 2022; what are the skills and trends that can help accountancy and business advisory franchisees stay ahead of the game?

More than the sum of their parts

Financesonline.com points out that accountants today are applying business skills, strategic thinking and tech skills that go beyond traditional accounting roles and turn a modern-day accountant into a business advisor.

And a 2020 survey by Sage revealed business advisory skills like growth modelling were considered essential by respondent accountants, who also ranked tech skills as the most important attribute for future business. Strategic thinking was ranked second, followed by communication skills, customer service skills, and understanding how to grow a business.