Recession Proof Your Accounting Practice

TaxTalkOnline was the guest speaker to a group of accounting professionals at Saint Thomas University in Miami Gardens Florida on February 23rd. The Topic was Recession Proof Your Accounting Practice.

The key to the discussion was that today accounting firms need to act like companies not sole proprietorships. The way that they do that is to compete in the market the same way that fortune 1000 companies do. Such a way changes the typical entrepreneur business model from doing 60% of the admininstrative work to 60% of time on strategic activities like growing your business.

During the lecture the company outlined several key factor that every company should do to be competitive and successful:

1) Develop an agile Enterprise (Concise business & Technology Strategy)
2) Have Industry specific solutions (Deep knowledge of business and solutions)
3) Empower Your Organization (In both services delivered and porfolio offered)
4) Create a flexible work force (Align skills, type of employees, provide training)
5) Know your Delivery Capacity (Local, regional, nationwide)
6) Develop Strong Ethics & Corporate Responsiblity (Support causes and organizations like TaxTalkOnline supports: http://www.success101forteens.com/